CART vs. NEM

Last updated Jul 11, 2026

CART (Maplebear Inc. Common Stock) and NEM (Newmont Corporation) are both stocks. CART operates in Internet Retail (Consumer Cyclical), while NEM operates in Gold (Basic Materials). Over the past year, CART returned 0.83% vs 60.16% for NEM. At a 0.14 correlation, their price movements are largely independent.

Performance

CART vs. NEM - Performance Comparison

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

Returns By Period

In the year-to-date period, CART achieves a 7.58% return, which is significantly higher than NEM's -4.15% return.

CART

• 1D: 0.23%
• 1M: 15.49%
• 6M: 17.54%
• YTD: 7.58%
• 1Y: 0.83%
• 3Y*: —
• 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)

CART vs. NEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CART Maplebear Inc. Common Stock	7.58%	8.59%	76.48%	-44.12%
NEM Newmont Corporation	-4.15%	172.82%	-7.83%	3.29%

Correlation

The correlation between CART and NEM is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.14

Fundamentals

Market Cap CART : $11.37B NEM : $101.73B
EPS CART : $1.81 NEM : $7.15
PE Ratio CART : 26.67 NEM : 13.33
PEG Ratio CART : 0.11 NEM : 0.35
PS Ratio CART : 3.35 NEM : 4.07
Total Revenue (TTM) CART : $3.86B NEM : $17.23B
Gross Profit (TTM) CART : $2.82B NEM : $8.97B
EBITDA (TTM) CART : $672.00M NEM : $13.78B

Return for Risk

CART vs. NEM — Risk / Return Rank

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

CART

CART Risk / Return Rank: 43
CART Sharpe Ratio Rank: 45
CART Sortino Ratio Rank: 41
CART Omega Ratio Rank: 41
CART Calmar Ratio Rank: 45
CART Martin Ratio Rank: 45

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.

CART vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maplebear Inc. Common Stock (CART) 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.

	CART	NEM	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	1.29	-1.29
Sortino ratio: Return per unit of downside risk	0.29	1.72	-1.43
Omega ratio: Gain probability vs. loss probability	1.04	1.23	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.00	2.09	-2.09
Martin ratio: Return relative to average drawdown	-0.00	4.81	-4.82

CART vs. NEM - Sharpe Ratio Comparison

The current CART Sharpe Ratio is -0.00, which is lower than the NEM Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of CART 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

CART vs. NEM - Drawdown Comparison

The maximum CART drawdown since its inception was -46.60%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for CART and NEM.

Drawdown Indicators

	CART	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-81.30%	+34.70%
Max Drawdown (1Y) Largest decline over 1 year	-36.39%	-29.39%	-7.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.57%	—
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	-8.96%	-27.47%	+18.51%
Average Drawdown Average peak-to-trough decline	-20.78%	-41.34%	+20.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.77%	12.73%	+8.04%

Volatility

CART vs. NEM - Volatility Comparison

The current volatility for Maplebear Inc. Common Stock (CART) is 11.49%, while Newmont Corporation (NEM) has a volatility of 14.14%. This indicates that CART experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CART	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.49%	14.14%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	32.16%	37.29%	-5.13%
Volatility (1Y) Calculated over the trailing 1-year period	42.93%	47.74%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.97%	38.15%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.97%	35.73%	+11.24%

Dividends

CART vs. NEM - Dividend Comparison

CART 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
CART Maplebear Inc. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 CART and NEM in my portfolio?

CART and NEM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CART or NEM?

NEM has higher volatility (14.14%) compared to CART (11.49%). In terms of maximum drawdown, CART dropped -46.60% vs NEM's -81.30%.

Which has better risk-adjusted returns?

NEM currently has the higher Sharpe Ratio (1.29 vs -0.00), 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.