GDX vs. CMCL
Compare and contrast key facts about VanEck Vectors Gold Miners ETF (GDX) and Caledonia Mining Corporation Plc (CMCL).
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: GDX or CMCL.
Performance
GDX vs. CMCL - Performance Comparison
Returns By Period
In the year-to-date period, GDX achieves a 19.38% return, which is significantly higher than CMCL's -5.44% return.
GDX
19.38%
-14.21%
-0.59%
32.35%
7.61%
7.44%
CMCL
-5.44%
-32.46%
3.32%
-1.49%
10.94%
N/A
Key characteristics
| GDX | CMCL | |
|---|---|---|
| Sharpe Ratio | 0.98 | -0.09 |
| Sortino Ratio | 1.49 | 0.19 |
| Omega Ratio | 1.18 | 1.02 |
| Calmar Ratio | 0.56 | -0.07 |
| Martin Ratio | 4.00 | -0.25 |
| Ulcer Index | 7.87% | 17.00% |
| Daily Std Dev | 32.17% | 46.49% |
| Max Drawdown | -80.57% | -65.76% |
| Current Drawdown | -37.58% | -52.42% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between GDX and CMCL is 0.45, 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.
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.
Dividends
GDX vs. CMCL - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 1.35%, less than CMCL's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 1.35% | 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 | 3.78% | 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.
Volatility
GDX vs. CMCL - Volatility Comparison
The current volatility for VanEck Vectors Gold Miners ETF (GDX) is 10.29%, while Caledonia Mining Corporation Plc (CMCL) has a volatility of 17.69%. 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.