EGO vs. GDX
EGO (Eldorado Gold Corporation) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Over the past 10 years, EGO returned 3.74%/yr vs 12.36%/yr for GDX. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
EGO vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, EGO achieves a -12.16% return, which is significantly lower than GDX's -9.46% return. Over the past 10 years, EGO has underperformed GDX with an annualized return of 3.74%, while GDX has yielded a comparatively higher 12.36% annualized return.
EGO
- 1D
- -2.90%
- 1M
- 0.51%
- YTD
- -12.16%
- 6M
- -15.61%
- 1Y
- 50.18%
- 3Y*
- 47.41%
- 5Y*
- 25.09%
- 10Y*
- 3.74%
GDX
- 1D
- -4.64%
- 1M
- -8.66%
- YTD
- -9.46%
- 6M
- -13.97%
- 1Y
- 47.29%
- 3Y*
- 39.25%
- 5Y*
- 19.30%
- 10Y*
- 12.36%
EGO vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGO Eldorado Gold Corporation | -12.16% | 141.56% | 14.65% | 55.14% | -10.59% | -29.54% | 65.26% | 178.82% | -59.72% | -55.28% |
GDX VanEck Gold Miners ETF | -9.46% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between EGO and GDX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 22, 2006 | 0.79 |
The correlation between EGO and GDX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
EGO vs. GDX — Risk / Return Rank
EGO
GDX
EGO vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (EGO) and VanEck 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.
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.
| EGO | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.31 | -0.15 |
| Martin ratioReturn relative to average drawdown | 2.63 | 3.44 | -0.81 |
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Drawdowns
EGO vs. GDX - Drawdown Comparison
The maximum EGO drawdown since its inception was -97.49%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for EGO and GDX.
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Drawdown Indicators
| EGO | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.49% | -80.34% | -17.15% |
Max Drawdown (1Y)Largest decline over 1 year | -43.57% | -36.28% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -43.57% | -36.28% | -7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -57.70% | -46.51% | -11.19% |
Max Drawdown (10Y)Largest decline over 10 years | -89.45% | -49.79% | -39.66% |
Current DrawdownCurrent decline from peak | -69.95% | -32.96% | -36.99% |
Average DrawdownAverage peak-to-trough decline | -55.71% | -40.40% | -15.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.14% | 13.78% | +5.36% |
Volatility
EGO vs. GDX - Volatility Comparison
Eldorado Gold Corporation (EGO) has a higher volatility of 19.05% compared to VanEck Gold Miners ETF (GDX) at 17.61%. This indicates that EGO'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.
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Volatility by Period
| EGO | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.05% | 17.61% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 44.67% | 40.05% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.46% | 47.64% | +5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.15% | 36.89% | +9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.41% | 37.37% | +18.04% |
Dividends
EGO vs. GDX - Dividend Comparison
EGO's dividend yield for the trailing twelve months is around 0.48%, less than GDX's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGO Eldorado Gold Corporation | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.40% | 0.00% | 0.67% |
GDX VanEck Gold Miners ETF | 0.82% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Frequently Asked Questions
EGO and GDX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGO has higher volatility (19.05%) compared to GDX (17.61%). In terms of maximum drawdown, EGO dropped -97.49% vs GDX's -80.34%.
GDX currently has the higher Sharpe Ratio (1.00 vs 0.94), 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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