DUN.AX vs. GLD
DUN.AX (Dundas Minerals Limited) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, DUN.AX returned -24.25%/yr vs 27.17%/yr for GLD. At a 0.02 correlation, their price movements are largely independent.
Performance
DUN.AX vs. GLD - Performance Comparison
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Different Trading Currencies
DUN.AX is traded in AUD, while GLD is traded in USD. To make them comparable, the GLD values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DUN.AX achieves a 16.28% return, which is significantly higher than GLD's -5.32% return.
DUN.AX
- 1D
- 0.00%
- 1M
- 4.17%
- YTD
- 16.28%
- 6M
- 19.05%
- 1Y
- 163.16%
- 3Y*
- -24.25%
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- -2.47%
- 1M
- -5.55%
- YTD
- -5.32%
- 6M
- -3.40%
- 1Y
- 18.22%
- 3Y*
- 27.17%
- 5Y*
- 19.70%
- 10Y*
- 13.43%
DUN.AX vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DUN.AX Dundas Minerals Limited | 16.28% | 22.86% | -30.04% | -67.71% | -22.53% | -4.77% |
GLD SPDR Gold Shares | -5.32% | 51.79% | 39.40% | 12.78% | 5.79% | -0.48% |
Correlation
The correlation between DUN.AX and GLD is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.02 |
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Return for Risk
DUN.AX vs. GLD — Risk / Return Rank
DUN.AX
GLD
DUN.AX vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dundas Minerals Limited (DUN.AX) and SPDR Gold Shares (GLD). 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.
| DUN.AX | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.17 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 0.91 | +4.93 |
| Martin ratioReturn relative to average drawdown | 13.02 | 2.21 | +10.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DUN.AX | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 0.76 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.60 | -0.84 |
Drawdowns
DUN.AX vs. GLD - Drawdown Comparison
The maximum DUN.AX drawdown since its inception was -98.14%, which is greater than GLD's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for DUN.AX and GLD.
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Drawdown Indicators
| DUN.AX | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.14% | -29.65% | -68.49% |
Max Drawdown (1Y)Largest decline over 1 year | -27.59% | -20.07% | -7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -84.77% | -20.07% | -64.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.18% | — |
Current DrawdownCurrent decline from peak | -94.19% | -20.07% | -74.12% |
Average DrawdownAverage peak-to-trough decline | -80.80% | -10.83% | -69.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.39% | 8.26% | +4.13% |
Volatility
DUN.AX vs. GLD - Volatility Comparison
Dundas Minerals Limited (DUN.AX) has a higher volatility of 11.44% compared to SPDR Gold Shares (GLD) at 3.78%. This indicates that DUN.AX's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUN.AX | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.44% | 3.78% | +7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 51.20% | 20.43% | +30.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.03% | 24.18% | +53.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.05% | 16.28% | +97.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.05% | 14.85% | +99.20% |
Dividends
DUN.AX vs. GLD - Dividend Comparison
Neither DUN.AX nor GLD has paid dividends to shareholders.
Frequently Asked Questions
DUN.AX and GLD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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