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
Key characteristics
ASA:
2.26
GDX:
1.48
ASA:
2.85
GDX:
2.01
ASA:
1.37
GDX:
1.26
ASA:
1.50
GDX:
1.12
ASA:
11.28
GDX:
5.34
ASA:
6.56%
GDX:
9.25%
ASA:
32.82%
GDX:
33.46%
ASA:
-80.32%
GDX:
-80.57%
ASA:
-12.46%
GDX:
-16.73%
Returns By Period
The year-to-date returns for both stocks are quite close, with ASA having a 44.91% return and GDX slightly lower at 43.94%. Both investments have delivered pretty close results over the past 10 years, with ASA having a 10.52% annualized return and GDX not far behind at 10.16%.
ASA
44.91%
4.91%
32.05%
69.33%
15.96%
10.52%
GDX
43.94%
9.27%
18.82%
43.85%
9.02%
10.16%
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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.
Dividends
ASA vs. GDX - Dividend Comparison
ASA's dividend yield for the trailing twelve months is around 0.14%, less than GDX's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASA ASA Gold and Precious Metals Limited | 0.14% | 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 | 0.83% | 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.
Volatility
ASA vs. GDX - Volatility Comparison
ASA Gold and Precious Metals Limited (ASA) has a higher volatility of 18.42% compared to VanEck Vectors Gold Miners ETF (GDX) at 15.99%. This indicates that ASA's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.