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GDX vs. ATEYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GDX vs. ATEYY

Last updated Jun 14, 2026

GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index, while ATEYY (Advantest Corp DRC) is a stock. Over the past 10 years, GDX returned 13.29%/yr vs 52.65%/yr for ATEYY. At a 0.15 correlation, their price movements are largely independent.

Performance

GDX vs. ATEYY - Performance Comparison

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

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Returns By Period

In the year-to-date period, GDX achieves a -6.69% return, which is significantly lower than ATEYY's 38.53% return. Over the past 10 years, GDX has underperformed ATEYY with an annualized return of 13.29%, while ATEYY has yielded a comparatively higher 52.65% annualized return.

GDX

1D
2.97%
1M
-8.38%
YTD
-6.69%
6M
-5.89%
1Y
48.02%
3Y*
38.96%
5Y*
17.51%
10Y*
13.29%

ATEYY

1D
4.13%
1M
2.59%
YTD
38.53%
6M
38.14%
1Y
197.06%
3Y*
71.51%
5Y*
50.50%
10Y*
52.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDX vs. ATEYY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GDX
VanEck Gold Miners ETF		-6.69%154.77%10.63%9.98%-9.01%-9.52%23.66%39.84%-8.77%11.99%
ATEYY
Advantest Corp DRC		38.53%122.70%68.99%111.43%-33.43%27.37%30.96%176.84%12.51%12.66%

Correlation

The correlation between GDX and ATEYY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.27

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

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2016

0.15

Over the past year, GDX and ATEYY have become more correlated (0.39) than their long-term average of 0.15, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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

VanEck Gold Miners ETF

Advantest Corp DRC

Often compared with GDX:
GDX vs. GLDGDX vs. GDXJGDX vs. GOLDGDX vs. IAUGDX vs. GDXUGDX vs. RINGGDX vs. SLV
Often compared with ATEYY:
ATEYY vs. TOELYATEYY vs. OPXSATEYY vs. ACFNATEYY vs. BKTIATEYY vs. LSRCYATEYY vs. IYWATEYY vs. SMH

Return for Risk

GDX vs. ATEYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDX
GDX Risk / Return Rank: 3333
Overall Rank
GDX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
GDX Sortino Ratio Rank: 3131
Sortino Ratio Rank
GDX Omega Ratio Rank: 3636
Omega Ratio Rank
GDX Calmar Ratio Rank: 3232
Calmar Ratio Rank
GDX Martin Ratio Rank: 3030
Martin Ratio Rank
ATEYY
ATEYY Risk / Return Rank: 9393
Overall Rank
ATEYY Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ATEYY Sortino Ratio Rank: 9191
Sortino Ratio Rank
ATEYY Omega Ratio Rank: 8989
Omega Ratio Rank
ATEYY Calmar Ratio Rank: 9494
Calmar Ratio Rank
ATEYY Martin Ratio Rank: 9494
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.

GDX vs. ATEYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners ETF (GDX) and Advantest Corp DRC (ATEYY). 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.

GDXATEYYDifference
Sharpe ratioReturn per unit of total volatility
1.09
2.87

-1.78

Sortino ratioReturn per unit of downside risk
1.51
3.15

-1.64

Omega ratioGain probability vs. loss probability

1.21

1.39

-0.18

Calmar ratioReturn relative to maximum drawdown

1.40

6.07

-4.67

Martin ratioReturn relative to average drawdown

3.87

16.34

-12.47

GDX vs. ATEYY - Sharpe Ratio Comparison

The current GDX Sharpe Ratio is 1.09, which is lower than the ATEYY Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of GDX and ATEYY, 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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Drawdowns

GDX vs. ATEYY - Drawdown Comparison

The maximum GDX drawdown since its inception was -80.34%, which is greater than ATEYY's maximum drawdown of -56.48%. Use the drawdown chart below to compare losses from any high point for GDX and ATEYY.

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Drawdown Indicators

GDXATEYYDifference

Max Drawdown

Largest peak-to-trough decline

-80.34%

-56.48%

-23.86%

Max Drawdown (1Y)

Largest decline over 1 year

-36.28%

-33.24%

-3.04%

Max Drawdown (3Y)

Largest decline over 3 years

-36.28%

-44.70%

+8.42%

Max Drawdown (5Y)

Largest decline over 5 years

-46.51%

-56.48%

+9.97%

Max Drawdown (10Y)

Largest decline over 10 years

-49.79%

-56.48%

+6.69%

Current Drawdown

Current decline from peak

-30.91%

-11.76%

-19.15%

Average Drawdown

Average peak-to-trough decline

-40.41%

-14.23%

-26.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.11%

12.32%

+0.79%

Volatility

GDX vs. ATEYY - Volatility Comparison

The current volatility for VanEck Gold Miners ETF (GDX) is 17.20%, while Advantest Corp DRC (ATEYY) has a volatility of 27.35%. This indicates that GDX experiences smaller price fluctuations and is considered to be less risky than ATEYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GDXATEYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.20%

27.35%

-10.15%

Volatility (6M)

Calculated over the trailing 6-month period

39.15%

55.16%

-16.01%

Volatility (1Y)

Calculated over the trailing 1-year period

46.89%

70.37%

-23.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.74%

53.29%

-16.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.34%

48.58%

-11.24%

Dividends

GDX vs. ATEYY - Dividend Comparison

GDX's dividend yield for the trailing twelve months is around 0.79%, while ATEYY has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ATEYY
Advantest Corp DRC		0.00%0.11%0.22%0.00%0.00%0.00%0.00%0.00%0.00%1.18%1.24%0.00%
GDX
VanEck Gold Miners ETF		0.79%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

GDX and ATEYY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ATEYY has higher volatility (27.35%) compared to GDX (17.20%). In terms of maximum drawdown, GDX dropped -80.34% vs ATEYY's -56.48%.

ATEYY currently has the higher Sharpe Ratio (2.87 vs 1.09), 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.

Portfolio Optimizer

Find the right allocation for GDX and ATEYY

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