FRES.L vs. GDX
Compare and contrast key facts about Fresnillo plc (FRES.L) 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: FRES.L or GDX.
Key characteristics
| FRES.L | GDX | |
|---|---|---|
| YTD Return | 7.83% | 15.19% |
| 1Y Return | 17.86% | 28.79% |
| 3Y Return (Ann) | -11.00% | 2.49% |
| 5Y Return (Ann) | 2.80% | 7.32% |
| 10Y Return (Ann) | 0.67% | 7.32% |
| Sharpe Ratio | 0.49 | 0.88 |
| Sortino Ratio | 0.97 | 1.37 |
| Omega Ratio | 1.11 | 1.16 |
| Calmar Ratio | 0.26 | 0.50 |
| Martin Ratio | 1.58 | 3.65 |
| Ulcer Index | 12.28% | 7.71% |
| Daily Std Dev | 39.03% | 31.87% |
| Max Drawdown | -82.36% | -80.57% |
| Current Drawdown | -61.10% | -39.77% |
Correlation
The correlation between FRES.L and GDX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FRES.L vs. GDX - Performance Comparison
In the year-to-date period, FRES.L achieves a 7.83% return, which is significantly lower than GDX's 15.19% return. Over the past 10 years, FRES.L has underperformed GDX with an annualized return of 0.67%, while GDX has yielded a comparatively higher 7.32% 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
FRES.L vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fresnillo plc (FRES.L) 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
FRES.L vs. GDX - Dividend Comparison
FRES.L's dividend yield for the trailing twelve months is around 1.69%, more than GDX's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRES.L Fresnillo plc | 1.69% | 2.47% | 3.04% | 3.74% | 1.26% | 3.01% | 4.71% | 2.28% | 0.74% | 0.61% | 0.91% | 6.04% |
GDX VanEck Vectors Gold Miners ETF | 1.40% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
FRES.L vs. GDX - Drawdown Comparison
The maximum FRES.L drawdown since its inception was -82.36%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for FRES.L and GDX. For additional features, visit the drawdowns tool.
Volatility
FRES.L vs. GDX - Volatility Comparison
Fresnillo plc (FRES.L) has a higher volatility of 15.69% compared to VanEck Vectors Gold Miners ETF (GDX) at 10.35%. This indicates that FRES.L'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.