ALKS vs. GDX
ALKS (Alkermes plc) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Over the past 10 years, ALKS returned 0.70%/yr vs 13.81%/yr for GDX. At a 0.10 correlation, their price movements are largely independent.
Performance
ALKS vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, ALKS achieves a 58.54% return, which is significantly higher than GDX's -0.58% return. Over the past 10 years, ALKS has underperformed GDX with an annualized return of 0.70%, while GDX has yielded a comparatively higher 13.81% annualized return.
ALKS
- 1D
- 0.18%
- 1M
- 18.36%
- YTD
- 58.54%
- 6M
- 57.47%
- 1Y
- 48.71%
- 3Y*
- 11.28%
- 5Y*
- 12.07%
- 10Y*
- 0.70%
GDX
- 1D
- 6.55%
- 1M
- -2.38%
- YTD
- -0.58%
- 6M
- 1.22%
- 1Y
- 57.71%
- 3Y*
- 41.18%
- 5Y*
- 19.97%
- 10Y*
- 13.81%
ALKS vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALKS Alkermes plc | 58.54% | -2.71% | 3.68% | 6.16% | 12.34% | 16.59% | -2.21% | -30.87% | -46.08% | -1.53% |
GDX VanEck Gold Miners ETF | -0.58% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between ALKS and GDX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 22, 2006 | 0.10 |
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Return for Risk
ALKS vs. GDX — Risk / Return Rank
ALKS
GDX
ALKS vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alkermes plc (ALKS) and VanEck 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALKS | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.60 | +0.61 |
| Martin ratioReturn relative to average drawdown | 5.11 | 4.39 | +0.72 |
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Drawdowns
ALKS vs. GDX - Drawdown Comparison
The maximum ALKS drawdown since its inception was -96.14%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for ALKS and GDX.
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Drawdown Indicators
| ALKS | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.14% | -80.34% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -36.28% | +14.08% |
Max Drawdown (3Y)Largest decline over 3 years | -31.58% | -36.28% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | -46.51% | +13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -80.58% | -49.79% | -30.79% |
Current DrawdownCurrent decline from peak | -54.76% | -26.39% | -28.37% |
Average DrawdownAverage peak-to-trough decline | -67.23% | -40.41% | -26.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.55% | 13.22% | -3.67% |
Volatility
ALKS vs. GDX - Volatility Comparison
The current volatility for Alkermes plc (ALKS) is 10.43%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.56%. This indicates that ALKS 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.
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Volatility by Period
| ALKS | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 18.56% | -8.13% |
Volatility (6M)Calculated over the trailing 6-month period | 30.28% | 39.52% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.79% | 47.30% | -6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.33% | 36.86% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.31% | 37.37% | +3.94% |
Dividends
ALKS vs. GDX - Dividend Comparison
ALKS has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALKS Alkermes plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Gold Miners ETF | 0.74% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Frequently Asked Questions
ALKS and GDX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (18.56%) compared to ALKS (10.43%). In terms of maximum drawdown, ALKS dropped -96.14% vs GDX's -80.34%.
GDX currently has the higher Sharpe Ratio (1.23 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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