^N225 vs. GOLD

Last updated Jun 9, 2026

^N225 (Nikkei 225) is an index, while GOLD (Barrick Mining Corporation) is a stock. At a 0.18 correlation, their price movements are largely independent.

Performance

^N225 vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a ¥10,000 investment in Nikkei 225 (^N225) and Barrick Mining Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

^N225 is traded in JPY, while GOLD is traded in USD. To make them comparable, the GOLD values have been converted to JPY using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^N225 achieves a 27.57% return, which is significantly higher than GOLD's 22.41% return.

^N225

• 1D: -3.56%
• 1M: 2.40%
• YTD: 27.57%
• 6M: 26.96%
• 1Y: 70.16%
• 3Y*: 25.79%
• 5Y*: 17.27%
• 10Y*: 14.49%

GOLD

• 1D: 2.09%
• 1M: -8.36%
• YTD: 22.41%
• 6M: 38.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^N225 vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
^N225 Nikkei 225	27.57%	2.10%
GOLD Barrick Mining Corporation	22.41%	13.73%

Correlation

The correlation between ^N225 and GOLD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.18

Return for Risk

^N225 vs. GOLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^N225

^N225 Risk / Return Rank: 94
^N225 Sharpe Ratio Rank: 93
^N225 Sortino Ratio Rank: 95
^N225 Omega Ratio Rank: 93
^N225 Calmar Ratio Rank: 95
^N225 Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^N225 vs. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikkei 225 (^N225) and Barrick Mining Corporation (GOLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^N225	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	2.89	—	—
Sortino ratio: Return per unit of downside risk	3.86	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	5.46	—	—
Martin ratio: Return relative to average drawdown	19.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	^N225	GOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.60	-1.30

Drawdowns

^N225 vs. GOLD - Drawdown Comparison

The maximum ^N225 drawdown since its inception was -81.87%, which is greater than GOLD's maximum drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for ^N225 and GOLD.

Drawdown Indicators

	^N225	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-81.87%	-39.13%	-42.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.80%	—	—
Current Drawdown Current decline from peak	-6.11%	-34.60%	+28.49%
Average Drawdown Average peak-to-trough decline	-35.65%	-16.91%	-18.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	—	—

Volatility

Volatility by Period

	^N225	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.01%	57.01%	-32.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.42%	57.01%	-34.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	57.01%	-36.13%

Frequently Asked Questions

Can I hold both ^N225 and GOLD in my portfolio?

^N225 and GOLD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.