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ELEZY vs. GDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ELEZY vs. GDX

Last updated Jun 9, 2026

ELEZY (Endesa SA ADR) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Over the past 5 years, ELEZY returned 17.48%/yr vs 17.28%/yr for GDX. At a 0.19 correlation, their price movements are largely independent.

Performance

ELEZY vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Endesa SA ADR (ELEZY) and VanEck Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ELEZY achieves a 18.03% return, which is significantly higher than GDX's -8.28% return.

ELEZY

1D
-1.70%
1M
-1.90%
YTD
18.03%
6M
18.29%
1Y
41.21%
3Y*
31.00%
5Y*
17.48%
10Y*
—

GDX

1D
-0.22%
1M
-16.83%
YTD
-8.28%
6M
0.10%
1Y
53.51%
3Y*
37.89%
5Y*
17.28%
10Y*
12.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ELEZY vs. GDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ELEZY
Endesa SA ADR		18.03%75.81%9.78%19.46%-14.63%-12.87%6.49%22.67%-0.34%-4.48%
GDX
VanEck Gold Miners ETF		-8.28%154.77%10.63%9.98%-9.01%-9.52%23.66%39.84%-8.77%0.63%

Correlation

The correlation between ELEZY and GDX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2017

0.19

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Endesa SA ADR

VanEck Gold Miners ETF

Often compared with ELEZY:
ELEZY vs. RWEOYELEZY vs. SSEZYELEZY vs. OHIELEZY vs. ASNDELEZY vs. ARA.TOELEZY vs. ATEYYELEZY vs. HYMC
Often compared with GDX:
GDX vs. GLDGDX vs. GDXJGDX vs. GOLDGDX vs. IAUGDX vs. GDXUGDX vs. RINGGDX vs. SLV

Return for Risk

ELEZY vs. GDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ELEZY
ELEZY Risk / Return Rank: 8383
Overall Rank
ELEZY Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
ELEZY Sortino Ratio Rank: 7979
Sortino Ratio Rank
ELEZY Omega Ratio Rank: 7676
Omega Ratio Rank
ELEZY Calmar Ratio Rank: 8888
Calmar Ratio Rank
ELEZY Martin Ratio Rank: 8989
Martin Ratio Rank
GDX
GDX Risk / Return Rank: 3535
Overall Rank
GDX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
GDX Sortino Ratio Rank: 3232
Sortino Ratio Rank
GDX Omega Ratio Rank: 3737
Omega Ratio Rank
GDX Calmar Ratio Rank: 3737
Calmar Ratio Rank
GDX Martin Ratio Rank: 3232
Martin Ratio Rank
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.

ELEZY vs. GDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Endesa SA ADR (ELEZY) 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.

ELEZYGDXDifference
Sharpe ratioReturn per unit of total volatility
1.55
1.16

+0.39

Sortino ratioReturn per unit of downside risk
2.17
1.58

+0.59

Omega ratioGain probability vs. loss probability

1.26

1.22

+0.04

Calmar ratioReturn relative to maximum drawdown

3.80

1.68

+2.13

Martin ratioReturn relative to average drawdown

10.32

4.32

+6.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELEZY vs. GDX - Sharpe Ratio Comparison

The current ELEZY Sharpe Ratio is 1.55, which is higher than the GDX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of ELEZY and GDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ELEZYGDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

1.16

+0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.47

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.12

+0.33

Drawdowns

ELEZY vs. GDX - Drawdown Comparison

The maximum ELEZY drawdown since its inception was -50.29%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for ELEZY and GDX.

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Drawdown Indicators

ELEZYGDXDifference

Max Drawdown

Largest peak-to-trough decline

-50.29%

-80.34%

+30.05%

Max Drawdown (1Y)

Largest decline over 1 year

-10.89%

-32.09%

+21.20%

Max Drawdown (3Y)

Largest decline over 3 years

-20.80%

-32.09%

+11.29%

Max Drawdown (5Y)

Largest decline over 5 years

-43.16%

-46.51%

+3.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.79%

—

Current Drawdown

Current decline from peak

-8.43%

-32.09%

+23.66%

Average Drawdown

Average peak-to-trough decline

-15.75%

-40.43%

+24.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.00%

12.42%

-8.42%

Volatility

ELEZY vs. GDX - Volatility Comparison

The current volatility for Endesa SA ADR (ELEZY) is 8.06%, while VanEck Gold Miners ETF (GDX) has a volatility of 16.05%. This indicates that ELEZY experiences smaller price fluctuations and is considered to be less risky 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

ELEZYGDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.06%

16.05%

-7.99%

Volatility (6M)

Calculated over the trailing 6-month period

21.36%

38.61%

-17.25%

Volatility (1Y)

Calculated over the trailing 1-year period

26.77%

46.36%

-19.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.42%

36.61%

-5.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.14%

37.27%

-1.13%

Dividends

ELEZY vs. GDX - Dividend Comparison

ELEZY's dividend yield for the trailing twelve months is around 3.72%, more than GDX's 0.80% yield.

PositionTTM20252024202320222021202020192018201720162015
ELEZY
Endesa SA ADR		3.72%4.12%2.49%11.14%5.31%9.35%2.10%2.80%0.00%0.00%0.00%0.00%
GDX
VanEck Gold Miners ETF		0.80%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

ELEZY and GDX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GDX has higher volatility (16.05%) compared to ELEZY (8.06%). In terms of maximum drawdown, ELEZY dropped -50.29% vs GDX's -80.34%.

ELEZY currently has the higher Sharpe Ratio (1.55 vs 1.16), 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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