B2Gold Corp

10-Year Study

BTG.US · Basic Materials · US · Common Stock

Executive Summary: B2Gold Corp has compounded at 13.2% annually over the last 10 years, with a maximum drawdown of 59.9% and an annualized volatility of 68.4%.

1Y CAGR
+54.2%
3Y CAGR
+15.1%
5Y CAGR
+3.5%
10Y CAGR
+13.2%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
59.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.45
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.00
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
45.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +88.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -27.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20268.625.7-26.59.1————————9.5%
2025-0.89.97.99.18.47.7-6.622.620.4-11.35.2-2.088.9%
2024-11.4-14.310.4-2.39.8-2.111.1-6.711.77.8-13.3-14.1-18.1%
202311.2-14.617.60.0-6.6-1.9-2.2-11.5-5.311.84.6-5.4-7.2%
2022-7.911.314.9-7.4-7.1-13.33.5-13.16.8-4.713.43.8-5.1%
2021-11.6-11.7-0.511.46.3-16.7-0.5-7.2-11.121.1-4.80.8-27.0%
20207.7-7.6-23.165.48.34.221.3-2.3-2.7-1.2-13.41.142.4%
20198.6-0.9-10.5-3.2-0.411.85.012.6-9.88.75.19.037.7%
2018-2.6-1.7-8.15.1-4.9-5.5-3.9-5.6-1.77.0-0.419.2-5.8%
201729.10.7-8.1-10.2-1.212.0-10.39.51.5-9.60.422.030.8%
2016———33.7-18.037.924.7-19.84.89.9-16.3-2.142.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 68.4%. The dominant macroeconomic risk driver is SHV.US, accounting for 60.9% of variance. Idiosyncratic stock-specific factors contribute 8.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0113372.641509433963
2016-05-0110963.177115033475
2016-06-0115120.206938527086
2016-07-0118854.9908703591
2016-08-0115120.206938527086
2016-09-0115842.970176506391
2016-10-0117408.703590992085
2016-11-0114577.754108338406
2016-12-0114276.475958612296
2017-01-0118432.744978697505
2017-02-0118553.712720632986
2017-03-0117047.321972002435
2017-04-0115300.51734631771
2017-05-0115120.206938527086
2017-06-0116927.115033475347
2017-07-0115180.310407790626
2017-08-0116625.836883749238
2017-09-0116867.01156421181
2017-10-0115240.41387705417
2017-11-0115300.51734631771
2017-12-0118673.91965916007
2018-01-0118192.331101643336
2018-02-0117891.052951917223
2018-03-0116445.526475958613
2018-04-0117288.496652465004
2018-05-0116445.526475958613
2018-06-0115541.69202678028
2018-07-0114939.13572732806
2018-08-0114096.165550821666
2018-09-0113854.990870359099
2018-10-0114818.928788800973
2018-11-0114758.825319537433
2018-12-0117589.77480219111
2019-01-0119095.404747413268
2019-02-0118915.094339622643
2019-03-0116927.115033475347
2019-04-0116384.66220328667
2019-05-0116324.558734023129
2019-06-0118252.434570906877
2019-07-0119156.269020085212
2019-08-0121565.733414485698
2019-09-0119456.78636640292
2019-10-0121143.487522824104
2019-11-0122231.436396835055
2019-12-0124224.74132684114
2020-01-0126097.839318320144
2020-02-0124103.773584905663
2020-03-0118527.084601339015
2020-04-0130636.031649421788
2020-05-0133178.63664029215
2020-06-0134583.8405356056
2020-07-0141937.76628119294
2020-08-0140965.459525258666
2020-09-0139862.294583079725
2020-10-0139373.097991479
2020-11-0134115.185636031645
2020-12-0134484.93609251369
2021-01-0130481.588557516738
2021-02-0126910.377358490565
2021-03-0126777.236762020693
2021-04-0129821.211199026173
2021-05-0131685.179549604378
2021-06-0126397.59586122946
2021-07-0126272.06329884358
2021-08-0124391.357273280584
2021-09-0121683.657942787584
2021-10-0126248.478393183203
2021-11-0124980.97991479002
2021-12-0125184.114424832624
2022-01-0123197.656725502133
2022-02-0125825.471698113204
2022-03-0129680.462568472303
2022-04-0127482.501521606813
2022-05-0125542.45283018868
2022-06-0122157.638466220327
2022-07-0122942.026780279975
2022-08-0119935.33171028606
2022-09-0121298.69141813755
2022-10-0120306.603773584902
2022-11-0123018.867924528302
2022-12-0123892.270237370667
2023-01-0126568.776628119296
2023-02-0122687.157638466222
2023-03-0126673.76749847839
2023-04-0126673.76749847839
2023-05-0124914.029214850885
2023-06-0124436.244674376143
2023-07-0123888.466220328664
2023-08-0121150.334753499694
2023-09-0120033.47534996957
2023-10-0122390.444309190505
2023-11-0123430.462568472307
2023-12-0122167.52891052952
2024-01-0119642.422398052342
2024-02-0116835.818624467436
2024-03-0118590.992087644554
2024-04-0118163.420572124163
2024-05-0119944.461351186856
2024-06-0119524.497869750456
2024-07-0121693.548387096776
2024-08-0120248.02191113816
2024-09-0122607.273280584293
2024-10-0124369.29397443701
2024-11-0121139.683505782108
2024-12-0118161.898965307362
2025-01-0118012.78149726111
2025-02-0119799.147900182594
2025-03-0121369.446135118687
2025-04-0123319.385270846014
2025-05-0125268.56360316494
2025-06-0127219.26354230067
2025-07-0125410.073037127207
2025-08-0131140.444309190505
2025-09-0137496.195982958
2025-10-0133253.956177723674
2025-11-0134996.195982958
2025-12-0134312.23371880706
2026-01-0137279.367011564216
2026-02-0146865.48995739501
2026-03-0134464.39440048691
2026-04-0137583.68837492392
Annual Return Matrix
YearAnnual Return
20170.30802025046629344
2018-0.05805663067834588
20190.37720588235294117
20200.4235419741842279
2021-0.2697067972731485
2022-0.051295994199746175
2023-0.07218825627308623
2024-0.1806980814771596
20250.8892426273458445
20260.09534368070953447
Total Factor Risk
0.684398143139886
VTI.US Exposure
-0.017673516856892283
VEA.US Exposure
0.055045733755869436
VWO.US Exposure
-0.012915599369620173
QQQ.US Exposure
0.015516469670240816
VTV.US Exposure
0.0020256218307653042
IJR.US Exposure
0.011451075095352868
QUAL.US Exposure
-0.013052411826289868
SHV.US Exposure
0.6088398760761476
TLT.US Exposure
-0.016702936535752576
LQD.US Exposure
0.06703022292888236
HYG.US Exposure
-0.004793795446441859
GLD.US Exposure
0.19182624884326427
USO.US Exposure
-0.0008653547339511091
VNQ.US Exposure
0.0077008973219638175
BTC-USD.CC Exposure
0.007204641145890505
CPER.US Exposure
-0.0019140101714041722
VIX.INDX Exposure
0.0024449634923464
UUP.US Exposure
0.004509003373306824
TIP.US Exposure
0.006953267369264411
Idiosyncratic Exposure
0.08736960403705772
Value Score
43.2
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
19.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
68.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →16.9x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.65%
Market Cap$6.4B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$152
Avg Yield on Cost
1.52%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$152.161.52%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+9.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
20.5% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.33
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is B2Gold Corp a high-risk investment?

B2Gold Corp (BTG.US) has an annualized volatility of 68.4% and experienced a maximum drawdown of 59.9% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BTG.US?

Over the past 10 years, BTG.US has generated a Compound Annual Growth Rate (CAGR) of 13.2%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

Run a Full Backtest on B2Gold Corp

stresstest.pro lets you simulate DCA vs Lump Sum, Monte Carlo projections, portfolio optimisation, and more — all in seconds.

Start a Free Backtest