AUDUSD=X vs. GDX
Compare and contrast key facts about AUD/USD (AUDUSD=X) 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: AUDUSD=X or GDX.
Performance
AUDUSD=X vs. GDX - Performance Comparison
Returns By Period
In the year-to-date period, AUDUSD=X achieves a -4.71% return, which is significantly lower than GDX's 22.99% return. Over the past 10 years, AUDUSD=X has underperformed GDX with an annualized return of -2.67%, while GDX has yielded a comparatively higher 7.91% annualized return.
AUDUSD=X
-4.71%
-2.87%
-1.77%
-0.79%
-0.84%
-2.67%
GDX
22.99%
-13.50%
9.76%
32.53%
8.72%
7.91%
Key characteristics
| AUDUSD=X | GDX | |
|---|---|---|
| Sharpe Ratio | -0.18 | 1.02 |
| Sortino Ratio | -0.20 | 1.53 |
| Omega Ratio | 0.98 | 1.18 |
| Calmar Ratio | -0.02 | 0.58 |
| Martin Ratio | -0.60 | 4.08 |
| Ulcer Index | 2.34% | 8.02% |
| Daily Std Dev | 7.89% | 32.11% |
| Max Drawdown | -67.80% | -80.57% |
| Current Drawdown | -56.40% | -35.69% |
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Correlation
The correlation between AUDUSD=X and GDX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AUDUSD=X vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) 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.
Drawdowns
AUDUSD=X vs. GDX - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -67.80%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and GDX. For additional features, visit the drawdowns tool.
Volatility
AUDUSD=X vs. GDX - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 3.13%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 9.98%. This indicates that AUDUSD=X 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.