ARIS vs. NEM

Last updated Jul 11, 2026

ARIS (Aris Water Solutions, Inc.) and NEM (Newmont Corporation) are both stocks. ARIS operates in Utilities - Regulated Water (Utilities), while NEM operates in Gold (Basic Materials). Over the past 3 years, ARIS returned 82.13%/yr vs 32.96%/yr for NEM. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

ARIS vs. NEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aris Water Solutions, Inc. (ARIS) and Newmont Corporation (NEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARIS achieves a -10.29% return, which is significantly lower than NEM's -4.15% return.

ARIS

• 1D: -1.29%
• 1M: -3.58%
• 6M: -12.61%
• YTD: -10.29%
• 1Y: 106.52%
• 3Y*: 82.13%
• 5Y*: —
• 10Y*: —

NEM

• 1D: 0.51%
• 1M: -2.36%
• 6M: -12.19%
• YTD: -4.15%
• 1Y: 60.16%
• 3Y*: 32.96%
• 5Y*: 11.48%
• 10Y*: 11.79%

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

ARIS vs. NEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARIS Aris Water Solutions, Inc.	-10.29%	363.71%	6.54%	31.93%	-39.60%	1.33%
NEM Newmont Corporation	-4.15%	172.82%	-7.83%	-8.76%	-20.77%	9.53%

Correlation

The correlation between ARIS and NEM is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021	0.62

The correlation between ARIS and NEM has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Fundamentals

Market Cap ARIS : $3.01B NEM : $101.73B
EPS ARIS : $0.85 NEM : $7.15
PE Ratio ARIS : 17.19 NEM : 13.33
PEG Ratio ARIS : 0.34 NEM : 0.35
PS Ratio ARIS : 2.61 NEM : 4.07
Total Revenue (TTM) ARIS : $1.14B NEM : $17.23B
Gross Profit (TTM) ARIS : $612.94M NEM : $8.97B
EBITDA (TTM) ARIS : $432.53M NEM : $13.78B

Return for Risk

ARIS vs. NEM — Risk / Return Rank

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

ARIS

ARIS Risk / Return Rank: 89
ARIS Sharpe Ratio Rank: 93
ARIS Sortino Ratio Rank: 85
ARIS Omega Ratio Rank: 86
ARIS Calmar Ratio Rank: 90
ARIS Martin Ratio Rank: 91

NEM

NEM Risk / Return Rank: 78
NEM Sharpe Ratio Rank: 82
NEM Sortino Ratio Rank: 74
NEM Omega Ratio Rank: 76
NEM Calmar Ratio Rank: 80
NEM Martin Ratio Rank: 79

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.

ARIS vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aris Water Solutions, Inc. (ARIS) and Newmont Corporation (NEM). 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.

	ARIS	NEM	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.29	+0.86
Sortino ratio: Return per unit of downside risk	2.39	1.72	+0.67
Omega ratio: Gain probability vs. loss probability	1.33	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	3.71	2.09	+1.62
Martin ratio: Return relative to average drawdown	10.23	4.81	+5.42

ARIS vs. NEM - Sharpe Ratio Comparison

The current ARIS Sharpe Ratio is 2.14, which is higher than the NEM Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of ARIS and NEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARIS vs. NEM - Drawdown Comparison

The maximum ARIS drawdown since its inception was -57.98%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for ARIS and NEM.

Drawdown Indicators

	ARIS	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-57.98%	-81.30%	+23.32%
Max Drawdown (1Y) Largest decline over 1 year	-35.29%	-29.39%	-5.90%
Max Drawdown (3Y) Largest decline over 3 years	-35.29%	-36.57%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-62.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.40%	—
Current Drawdown Current decline from peak	-32.75%	-27.47%	-5.28%
Average Drawdown Average peak-to-trough decline	-22.75%	-41.34%	+18.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.01%	12.73%	-0.72%

Volatility

ARIS vs. NEM - Volatility Comparison

Aris Water Solutions, Inc. (ARIS) has a higher volatility of 21.89% compared to Newmont Corporation (NEM) at 14.14%. This indicates that ARIS's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARIS	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.89%	14.14%	+7.75%
Volatility (6M) Calculated over the trailing 6-month period	47.67%	37.29%	+10.38%
Volatility (1Y) Calculated over the trailing 1-year period	61.12%	47.74%	+13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.45%	38.15%	+15.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.45%	35.73%	+17.72%

Dividends

ARIS vs. NEM - Dividend Comparison

ARIS has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARIS Aris Water Solutions, Inc.	0.00%	0.00%	0.00%	0.00%	3.84%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEM Newmont Corporation	1.07%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%

Financials

Frequently Asked Questions

Can I hold both ARIS and NEM in my portfolio?

ARIS and NEM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARIS or NEM?

ARIS has higher volatility (21.89%) compared to NEM (14.14%). In terms of maximum drawdown, ARIS dropped -57.98% vs NEM's -81.30%.

Which has better risk-adjusted returns?

ARIS currently has the higher Sharpe Ratio (2.14 vs 1.29), 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.