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EQX vs. AAAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EQX vs. AAAU

Last updated May 14, 2025

Compare and contrast key facts about Equinox Gold Corp. (EQX) and Goldman Sachs Physical Gold ETF (AAAU).

AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQX or AAAU.

Correlation

The correlation between EQX and AAAU is 0.07, 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

EQX vs. AAAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equinox Gold Corp. (EQX) and Goldman Sachs Physical Gold ETF (AAAU). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

EQX:

0.30

AAAU:

2.23

Sortino Ratio

EQX:

0.79

AAAU:

2.94

Omega Ratio

EQX:

1.09

AAAU:

1.38

Calmar Ratio

EQX:

0.23

AAAU:

4.72

Martin Ratio

EQX:

1.38

AAAU:

12.51

Ulcer Index

EQX:

10.69%

AAAU:

3.07%

Daily Std Dev

EQX:

53.06%

AAAU:

17.53%

Max Drawdown

EQX:

-81.06%

AAAU:

-21.63%

Current Drawdown

EQX:

-54.72%

AAAU:

-5.10%

Returns By Period

In the year-to-date period, EQX achieves a 20.52% return, which is significantly lower than AAAU's 23.77% return.

EQX

YTD

20.52%

1M

-11.29%

6M

16.35%

1Y

15.68%

5Y*

-6.40%

10Y*

N/A

AAAU

YTD

23.77%

1M

0.55%

6M

24.88%

1Y

38.75%

5Y*

13.24%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

EQX vs. AAAU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQX
The Risk-Adjusted Performance Rank of EQX is 6262
Overall Rank
The Sharpe Ratio Rank of EQX is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of EQX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of EQX is 5656
Omega Ratio Rank
The Calmar Ratio Rank of EQX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of EQX is 6868
Martin Ratio Rank
AAAU
The Risk-Adjusted Performance Rank of AAAU is 9595
Overall Rank
The Sharpe Ratio Rank of AAAU is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of AAAU is 9494
Sortino Ratio Rank
The Omega Ratio Rank of AAAU is 9393
Omega Ratio Rank
The Calmar Ratio Rank of AAAU is 9696
Calmar Ratio Rank
The Martin Ratio Rank of AAAU is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EQX vs. AAAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) and Goldman Sachs Physical Gold ETF (AAAU). 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.

The current EQX Sharpe Ratio is 0.30, which is lower than the AAAU Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of EQX and AAAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

EQX vs. AAAU - Dividend Comparison

Neither EQX nor AAAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

EQX vs. AAAU - Drawdown Comparison

The maximum EQX drawdown since its inception was -81.06%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for EQX and AAAU. For additional features, visit the drawdowns tool.

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Volatility

EQX vs. AAAU - Volatility Comparison

Equinox Gold Corp. (EQX) has a higher volatility of 15.86% compared to Goldman Sachs Physical Gold ETF (AAAU) at 8.57%. This indicates that EQX's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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