ABX.TO vs. GDX
Compare and contrast key facts about Barrick Gold Corporation (ABX.TO) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABX.TO or GDX.
Key characteristics
| ABX.TO | GDX | |
|---|---|---|
| YTD Return | 2.15% | 18.90% |
| 1Y Return | 3.15% | 17.55% |
| 3Y Return (Ann) | -5.49% | -0.72% |
| 5Y Return (Ann) | 9.77% | 13.61% |
| 10Y Return (Ann) | 4.27% | 5.65% |
| Sharpe Ratio | -0.00 | 0.48 |
| Daily Std Dev | 27.12% | 30.45% |
| Max Drawdown | -84.54% | -80.57% |
| Current Drawdown | -47.32% | -37.83% |
Correlation
The correlation between ABX.TO and GDX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ABX.TO vs. GDX - Performance Comparison
In the year-to-date period, ABX.TO achieves a 2.15% return, which is significantly lower than GDX's 18.90% return. Over the past 10 years, ABX.TO has underperformed GDX with an annualized return of 4.27%, while GDX has yielded a comparatively higher 5.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ABX.TO vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
ABX.TO vs. GDX - Dividend Comparison
ABX.TO's dividend yield for the trailing twelve months is around 1.64%, more than GDX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 1.64% | 1.67% | 1.72% | 1.50% | 1.07% | 0.81% | 1.03% | 0.88% | 0.49% | 1.63% | 2.05% | 2.96% |
GDX VanEck Vectors Gold Miners ETF | 1.36% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
ABX.TO vs. GDX - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.54%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for ABX.TO and GDX. For additional features, visit the drawdowns tool.
Volatility
ABX.TO vs. GDX - Volatility Comparison
The current volatility for Barrick Gold Corporation (ABX.TO) is 8.51%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 9.86%. This indicates that ABX.TO experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.