AUMN vs. ^GSPC
AUMN (Golden Minerals Company) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, AUMN returned -38.98%/yr vs 13.17%/yr for ^GSPC. At a 0.14 correlation, their price movements are largely independent.
Performance
AUMN vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, AUMN achieves a -42.00% return, which is significantly lower than ^GSPC's 8.94% return. Over the past 10 years, AUMN has underperformed ^GSPC with an annualized return of -38.98%, while ^GSPC has yielded a comparatively higher 13.17% annualized return.
AUMN
- 1D
- -0.16%
- 1M
- -1.85%
- 6M
- -24.74%
- YTD
- -42.00%
- 1Y
- -21.91%
- 3Y*
- -50.31%
- 5Y*
- -57.15%
- 10Y*
- -38.98%
^GSPC
- 1D
- -1.01%
- 1M
- 0.51%
- 6M
- 7.46%
- YTD
- 8.94%
- 1Y
- 18.43%
- 3Y*
- 17.86%
- 5Y*
- 11.50%
- 10Y*
- 13.17%
AUMN vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUMN Golden Minerals Company | -42.00% | 253.13% | -82.03% | -92.42% | -21.44% | -54.04% | 145.16% | 41.62% | -49.09% | -25.87% |
^GSPC S&P 500 Index | 8.94% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between AUMN and ^GSPC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 7, 2009 | 0.14 |
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Return for Risk
AUMN vs. ^GSPC — Risk / Return Rank
AUMN
^GSPC
AUMN vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Golden Minerals Company (AUMN) and S&P 500 Index (^GSPC). 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.
| AUMN | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.27 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.03 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.47 | 8.80 | -9.27 |
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Drawdowns
AUMN vs. ^GSPC - Drawdown Comparison
The maximum AUMN drawdown since its inception was -99.99%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AUMN and ^GSPC.
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Drawdown Indicators
| AUMN | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -56.78% | -43.21% |
Max Drawdown (1Y)Largest decline over 1 year | -72.68% | -9.10% | -63.58% |
Max Drawdown (3Y)Largest decline over 3 years | -96.57% | -18.90% | -77.67% |
Max Drawdown (5Y)Largest decline over 5 years | -99.48% | -25.43% | -74.05% |
Max Drawdown (10Y)Largest decline over 10 years | -99.69% | -33.92% | -65.77% |
Current DrawdownCurrent decline from peak | -99.97% | -2.00% | -97.97% |
Average DrawdownAverage peak-to-trough decline | -86.68% | -10.70% | -75.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.96% | 2.10% | +44.86% |
Volatility
AUMN vs. ^GSPC - Volatility Comparison
Golden Minerals Company (AUMN) has a higher volatility of 24.71% compared to S&P 500 Index (^GSPC) at 3.36%. This indicates that AUMN's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUMN | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.71% | 3.36% | +21.35% |
Volatility (6M)Calculated over the trailing 6-month period | 64.16% | 10.04% | +54.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.49% | 12.60% | +91.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.43% | 17.00% | +91.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.81% | 18.05% | +78.76% |
Frequently Asked Questions
AUMN and ^GSPC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AUMN has higher volatility (24.71%) compared to ^GSPC (3.36%). In terms of maximum drawdown, AUMN dropped -99.99% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.47 vs -0.21), 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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