NGD vs SPY

Comparison between New Gold Inc (NGD, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceNGD has outperformed SPY, delivering a return of +38.5% compared to +13.3%

NGD vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NGD(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$11B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	96.73%	56.47%
Sharpe Ratio	1.82	2.07
5Y Beta	N/A	1.00
Industry	Gold	N/A
P/E Ratio	43.24	28.24
Forward P/E	7.19	21.85
PEG Ratio	0.02	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	32.06%	22.35%
Free Cash Flow Yield	0.49%	N/A
P/S Ratio	8.40	3.55
P/B Ratio	5.28	5.29

Market Cap / Net Assets

NGD

$11B

Winner

SPY

$652B

Expense Ratio

NGD

N/A

SPY

0.09%

Max Drawdown

NGD

96.73%

Winner

SPY

56.47%

Sharpe Ratio

NGD

1.82

Winner

SPY

2.07

5Y Beta

NGD

N/A

SPY

1.00

Industry

NGD

Gold

SPY

N/A

P/E Ratio

NGD

43.24

Winner

SPY

28.24

Forward P/E

Winner

NGD

7.19

SPY

21.85

PEG Ratio

NGD

0.02

SPY

N/A

5Y Dividends CAGR

NGD

N/A

SPY

5.43%

5Y EPS CAGR

NGD

N/A

SPY

25.79%

Debt to Equity

NGD

32.06%

Winner

SPY

22.35%

Free Cash Flow Yield

NGD

0.49%

SPY

N/A

P/S Ratio

NGD

8.40

Winner

SPY

3.55

P/B Ratio

Winner

NGD

5.28

SPY

5.29

NGD vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	NGD	SPY
1 month	-25.70%	+9.11%
3 months	+2.95%	+6.59%
6 months	+36.54%	+10.56%
1 year	+172.67%	+32.04%
5 years(CAGR)	+38.51%	+13.35%
10 years(CAGR)	+9.11%	+15.49%
Max(CAGR)	+2.08%	+8.50%

NGD

-25.70%

Winner

SPY

+9.11%

NGD

+2.95%

Winner

SPY

+6.59%

Winner

NGD

+36.54%

SPY

+10.56%

Winner

NGD

+172.67%

SPY

+32.04%

5Y(CAGR)

Winner

NGD

+38.51%

SPY

+13.35%

10Y(CAGR)

NGD

+9.11%

Winner

SPY

+15.49%

Max(CAGR)

NGD

+2.08%

Winner

SPY

+8.50%

NGD vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NGD	SPY
2026	+6.07%	+8.27%
2025	+232.44%	+18.00%
2024	+73.43%	+25.59%
2023	+47.47%	+26.72%
2022	-33.33%	-18.64%
2021	-36.17%	+30.52%
2020	+143.06%	+17.28%
2019	+6.63%	+31.09%
2018	-77.81%	-5.24%
2017	-9.37%	+20.78%
2016	+48.94%	+13.59%
2015	-47.51%	+1.31%
2014	-20.52%	+14.56%
2013	-53.34%	+29.00%
2012	+3.86%	+14.17%
2011	+4.46%	+0.85%
2010	+157.52%	+13.14%
2009	+160.00%	+22.67%
2008	-72.45%	-36.25%
2007	-29.87%	+5.32%
2006	+2.88%	+13.85%
2005	+31.05%	+5.32%
2004	-9.40%	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

NGD vs SPY Drawdown Comparison

The maximum drawdown for NGD was -96.73%, occurring on Mar 13, 2020. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NGD drawdown is -35.37%.

Rank	NGD	SPY
#1	-96.73% Sep 8, 2011 - Mar 13, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-93.36% May 2, 2006 - Aug 15, 2011	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-40.46% Dec 1, 2004 - Dec 29, 2005	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-10.01% Feb 24, 2006 - Mar 30, 2006	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-7.21% Aug 22, 2011 - Aug 26, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.87% Apr 19, 2006 - Apr 28, 2006	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-4.73% Jan 17, 2006 - Feb 2, 2006	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-4.44% Feb 2, 2006 - Feb 17, 2006	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.93% Nov 18, 2004 - Nov 29, 2004	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.37% Jan 4, 2006 - Jan 11, 2006	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.00% Aug 26, 2011 - Aug 30, 2011	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.71% Apr 6, 2006 - Apr 11, 2006	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.50% Aug 15, 2011 - Aug 17, 2011	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.40% Mar 31, 2006 - Apr 5, 2006	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.39% Aug 30, 2011 - Sep 8, 2011	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NGD and SPY is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101