ASA vs. GDX
Compare and contrast key facts about ASA Gold and Precious Metals Limited (ASA) 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: ASA or GDX.
Correlation
The correlation between ASA and GDX is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ASA vs. GDX - Performance Comparison
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Key characteristics
ASA:
1.71
GDX:
1.03
ASA:
2.27
GDX:
1.51
ASA:
1.29
GDX:
1.19
ASA:
1.20
GDX:
0.81
ASA:
8.64
GDX:
3.77
ASA:
6.77%
GDX:
9.47%
ASA:
34.28%
GDX:
34.61%
ASA:
-80.32%
GDX:
-80.57%
ASA:
-9.34%
GDX:
-15.66%
Returns By Period
In the year-to-date period, ASA achieves a 50.06% return, which is significantly higher than GDX's 45.80% return. Both investments have delivered pretty close results over the past 10 years, with ASA having a 11.08% annualized return and GDX not far behind at 10.66%.
ASA
50.06%
-3.06%
51.94%
58.27%
18.14%
14.12%
11.08%
GDX
45.80%
-4.30%
32.61%
35.45%
17.27%
8.27%
10.66%
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Risk-Adjusted Performance
ASA vs. GDX — Risk-Adjusted Performance Rank
ASA
GDX
ASA vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ASA Gold and Precious Metals Limited (ASA) 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.
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Dividends
ASA vs. GDX - Dividend Comparison
ASA's dividend yield for the trailing twelve months is around 0.16%, less than GDX's 0.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASA ASA Gold and Precious Metals Limited | 0.16% | 0.20% | 0.13% | 0.14% | 0.09% | 0.09% | 0.15% | 0.21% | 0.35% | 0.36% | 0.56% | 0.40% |
GDX VanEck Vectors Gold Miners ETF | 0.82% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
ASA vs. GDX - Drawdown Comparison
The maximum ASA drawdown since its inception was -80.32%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for ASA and GDX. For additional features, visit the drawdowns tool.
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Volatility
ASA vs. GDX - Volatility Comparison
ASA Gold and Precious Metals Limited (ASA) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 12.70% and 13.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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