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GDX vs. CMCL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GDX and CMCL is 0.46, 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.


-0.50.00.51.00.5

Performance

GDX vs. CMCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Gold Miners ETF (GDX) and Caledonia Mining Corporation Plc (CMCL). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
-0.06%
-8.49%
GDX
CMCL

Key characteristics

Sharpe Ratio

GDX:

0.39

CMCL:

-0.50

Sortino Ratio

GDX:

0.74

CMCL:

-0.45

Omega Ratio

GDX:

1.09

CMCL:

0.95

Calmar Ratio

GDX:

0.22

CMCL:

-0.38

Martin Ratio

GDX:

1.38

CMCL:

-1.14

Ulcer Index

GDX:

8.98%

CMCL:

20.38%

Daily Std Dev

GDX:

31.99%

CMCL:

46.72%

Max Drawdown

GDX:

-80.57%

CMCL:

-65.76%

Current Drawdown

GDX:

-41.78%

CMCL:

-60.26%

Returns By Period

In the year-to-date period, GDX achieves a 11.35% return, which is significantly higher than CMCL's -21.02% return.


GDX

YTD

11.35%

1M

-6.73%

6M

2.46%

1Y

9.45%

5Y*

6.29%

10Y*

7.44%

CMCL

YTD

-21.02%

1M

-17.88%

6M

-8.49%

1Y

-23.53%

5Y*

7.43%

10Y*

N/A

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Risk-Adjusted Performance

GDX vs. CMCL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Gold Miners ETF (GDX) and Caledonia Mining Corporation Plc (CMCL). 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.


Sharpe ratio
The chart of Sharpe ratio for GDX, currently valued at 0.30, compared to the broader market0.002.004.000.30-0.50
The chart of Sortino ratio for GDX, currently valued at 0.62, compared to the broader market-2.000.002.004.006.008.0010.000.62-0.45
The chart of Omega ratio for GDX, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.001.070.95
The chart of Calmar ratio for GDX, currently valued at 0.24, compared to the broader market0.005.0010.0015.000.24-0.38
The chart of Martin ratio for GDX, currently valued at 1.04, compared to the broader market0.0020.0040.0060.0080.00100.001.04-1.14
GDX
CMCL

The current GDX Sharpe Ratio is 0.39, which is higher than the CMCL Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of GDX and CMCL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.30
-0.50
GDX
CMCL

Dividends

GDX vs. CMCL - Dividend Comparison

GDX has not paid dividends to shareholders, while CMCL's dividend yield for the trailing twelve months is around 4.53%.


TTM20232022202120202019201820172016201520142013
GDX
VanEck Vectors Gold Miners ETF
0.00%1.61%1.66%1.67%0.53%0.65%0.50%0.76%0.26%0.85%0.66%0.90%
CMCL
Caledonia Mining Corporation Plc
4.53%4.59%4.52%4.29%2.11%3.28%5.24%1.85%0.00%0.00%0.00%0.00%

Drawdowns

GDX vs. CMCL - Drawdown Comparison

The maximum GDX drawdown since its inception was -80.57%, which is greater than CMCL's maximum drawdown of -65.76%. Use the drawdown chart below to compare losses from any high point for GDX and CMCL. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-21.68%
-60.26%
GDX
CMCL

Volatility

GDX vs. CMCL - Volatility Comparison

The current volatility for VanEck Vectors Gold Miners ETF (GDX) is 9.30%, while Caledonia Mining Corporation Plc (CMCL) has a volatility of 12.92%. This indicates that GDX experiences smaller price fluctuations and is considered to be less risky than CMCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
9.30%
12.92%
GDX
CMCL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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