EQX vs GGB

Comparison between Equinox Gold Corp (EQX, Company) and Gerdau S.A. (GGB, Company).

Both EQX and GGB are from the Basic Materials sector.

5-Year PerformanceEQX has outperformed GGB, delivering a return of +11.9% compared to +8.4%

EQX vs GGB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EQX(COMPANY)	GGB(COMPANY)
Market Cap	$9.57B	$9.54B
Max Drawdown	81.06%	96.89%
Sharpe Ratio	1.13	1.60
5Y Beta	0.89	1.07
Industry	Gold	Steel
P/E Ratio	10.81	21.93
Forward P/E	10.79	6.92
PEG Ratio	0.01	N/A
Dividend Yield	0.26%	3.20%
5Y Dividends CAGR	N/A	15.47%
5Y EPS CAGR	-7.60%	-24.08%
Debt to Equity	9.15%	28.33%
Free Cash Flow Yield	0.64%	6.93%

Market Cap

Winner

EQX

$9.57B

GGB

$9.54B

Max Drawdown

Winner

EQX

81.06%

GGB

96.89%

Sharpe Ratio

EQX

1.13

Winner

GGB

1.60

5Y Beta

Winner

EQX

0.89

GGB

1.07

Industry

EQX

Gold

GGB

Steel

P/E Ratio

Winner

EQX

10.81

GGB

21.93

Forward P/E

EQX

10.79

Winner

GGB

6.92

PEG Ratio

EQX

0.01

GGB

N/A

Dividend Yield

EQX

0.26%

Winner

GGB

3.20%

5Y Dividends CAGR

EQX

N/A

GGB

15.47%

5Y EPS CAGR

Winner

EQX

-7.60%

GGB

-24.08%

Debt to Equity

Winner

EQX

9.15%

GGB

28.33%

Free Cash Flow Yield

EQX

0.64%

Winner

GGB

6.93%

EQX vs GGB - Historical Returns

Returns include dividend reinvestment.

Period	EQX	GGB
1 month	+18.73%	+6.90%
3 months	-22.47%	+3.37%
6 months	-28.83%	+18.09%
1 year	+65.60%	+62.89%
5 years(CAGR)	+11.90%	+8.39%
10 years(CAGR)	+12.80%	+13.12%
Max(CAGR)	+12.80%	+12.45%

Winner

EQX

+18.73%

GGB

+6.90%

EQX

-22.47%

Winner

GGB

+3.37%

EQX

-28.83%

Winner

GGB

+18.09%

Winner

EQX

+65.60%

GGB

+62.89%

5Y(CAGR)

Winner

EQX

+11.90%

GGB

+8.39%

10Y(CAGR)

EQX

+12.80%

Winner

GGB

+13.12%

Max(CAGR)

Winner

EQX

+12.80%

GGB

+12.45%

EQX vs GGB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EQX	GGB
2026	-17.93%	+28.71%
2025	+164.41%	+32.73%
2024	+6.81%	-25.00%
2023	+36.59%	+0.11%
2022	-50.75%	+30.84%
2021	-39.10%	+11.60%
2020	+31.89%	-6.93%
2019	+109.52%	+25.39%
2018	-12.75%	-3.15%
2017	N/A	+10.80%
2016	N/A	+174.03%
2015	N/A	-64.12%
2014	N/A	-52.40%
2013	N/A	-15.68%
2012	N/A	+10.33%
2011	N/A	-43.82%
2010	N/A	-18.86%
2009	N/A	+144.27%
2008	N/A	-51.44%
2007	N/A	+84.62%
2006	N/A	+42.74%
2005	N/A	+54.17%
2004	N/A	+77.91%
2003	N/A	+195.29%
2002	N/A	-1.21%
2001	N/A	+21.40%
2000	N/A	-32.67%
1999	N/A	+50.87%

EQX vs GGB Drawdown Comparison

The maximum drawdown for EQX was -81.06%, occurring on Nov 3, 2022. Recovery took 1326 trading sessions.

The maximum drawdown for GGB was -96.38%, occurring on Jan 21, 2016. This drawdown has not yet recovered.

The current EQX drawdown is -40.06%. The current GGB drawdown is -56.77%.

Rank	EQX	GGB
#1	-81.06% Aug 18, 2020 - Nov 26, 2025	-96.38% Jun 19, 2008 - Jan 21, 2016
#2	-53.95% Feb 27, 2026 - Jul 17, 2026	-67.27% Jan 19, 2000 - Apr 17, 2002
#3	-42.99% Feb 21, 2020 - Jun 1, 2020	-49.73% Apr 17, 2002 - May 2, 2003
#4	-27.76% Aug 7, 2018 - Mar 8, 2019	-35.02% Apr 6, 2004 - Jul 2, 2004
#5	-25.49% Mar 25, 2019 - Jun 20, 2019	-33.36% Mar 7, 2005 - Sep 6, 2005
#6	-19.74% Jan 28, 2026 - Feb 23, 2026	-31.97% May 2, 2006 - Feb 6, 2007
#7	-19.19% Aug 26, 2019 - Dec 18, 2019	-30.92% Jul 23, 2007 - Oct 5, 2007
#8	-16.64% Jun 20, 2019 - Aug 5, 2019	-21.90% Nov 6, 2007 - Feb 25, 2008
#9	-9.18% Jan 15, 2020 - Feb 14, 2020	-20.12% Jan 5, 2004 - Apr 1, 2004
#10	-8.77% Aug 5, 2019 - Aug 20, 2019	-19.03% Oct 4, 2004 - Nov 29, 2004
#11	-8.05% Dec 22, 2025 - Jan 20, 2026	-17.10% Feb 22, 2007 - Apr 4, 2007
#12	-6.89% Jun 1, 2020 - Jun 8, 2020	-16.48% Nov 30, 2004 - Feb 18, 2005
#13	-6.49% Aug 6, 2020 - Aug 17, 2020	-16.33% Oct 3, 2005 - Dec 1, 2005
#14	-6.39% Dec 12, 2025 - Dec 22, 2025	-14.38% Sep 12, 2003 - Oct 14, 2003
#15	-5.42% Jul 9, 2020 - Jul 22, 2020	-12.32% Feb 27, 2008 - Apr 3, 2008

Correlation

Correlation between EQX and GGB is 0.16 which considered as a very weak or no correlation - the stocks move independently of each other.

0.16

-101

Dividend Comparison (1999 - 2026)

EQX vs GGB dividend yield comparison.

Year	EQX	GGB
2026	0.27%	1.16%
2025	0.00%	3.05%
2024	0.00%	5.06%
2023	0.00%	6.63%
2022	0.00%	12.79%
2021	0.00%	11.48%
2020	0.00%	1.34%
2019	0.00%	1.48%
2018	0.00%	1.60%
2017	0.00%	0.34%
2016	0.00%	0.38%
2015	0.00%	4.16%
2014	0.00%	2.56%
2013	0.00%	1.03%
2012	0.00%	1.54%
2011	0.00%	2.38%
2010	0.00%	2.00%
2009	0.00%	0.57%
2008	0.00%	12.10%
2007	0.00%	3.18%
2006	0.00%	3.35%
2005	0.00%	4.94%
2004	0.00%	3.41%
2003	0.00%	3.35%
2002	0.00%	6.38%
2001	0.00%	5.30%
2000	0.00%	6.43%
1999	0.00%	1.52%