CMCL vs. GDX
Compare and contrast key facts about Caledonia Mining Corporation Plc (CMCL) 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: CMCL or GDX.
Key characteristics
| CMCL | GDX | |
|---|---|---|
| YTD Return | -16.04% | 8.29% |
| 1Y Return | -27.57% | -2.09% |
| 3Y Return (Ann) | -8.62% | -0.34% |
| 5Y Return (Ann) | 15.78% | 12.02% |
| 10Y Return (Ann) | 15.68% | 4.22% |
| Sharpe Ratio | -0.64 | -0.06 |
| Daily Std Dev | 46.45% | 30.46% |
| Max Drawdown | -99.73% | -80.57% |
| Current Drawdown | -96.01% | -43.38% |
Correlation
The correlation between CMCL and GDX is 0.30, 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
CMCL vs. GDX - Performance Comparison
In the year-to-date period, CMCL achieves a -16.04% return, which is significantly lower than GDX's 8.29% return. Over the past 10 years, CMCL has outperformed GDX with an annualized return of 15.68%, while GDX has yielded a comparatively lower 4.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CMCL vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Caledonia Mining Corporation Plc (CMCL) 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
CMCL vs. GDX - Dividend Comparison
CMCL's dividend yield for the trailing twelve months is around 5.61%, more than GDX's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMCL Caledonia Mining Corporation Plc | 5.61% | 4.59% | 4.52% | 4.29% | 2.11% | 3.27% | 5.24% | 3.71% | 5.65% | 8.89% | 9.49% | 20.94% |
GDX VanEck Vectors Gold Miners ETF | 1.49% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
CMCL vs. GDX - Drawdown Comparison
The maximum CMCL drawdown since its inception was -99.73%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for CMCL and GDX. For additional features, visit the drawdowns tool.
Volatility
CMCL vs. GDX - Volatility Comparison
Caledonia Mining Corporation Plc (CMCL) has a higher volatility of 12.60% compared to VanEck Vectors Gold Miners ETF (GDX) at 9.96%. This indicates that CMCL'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.