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.
Key characteristics
| GDX | CMCL | |
|---|---|---|
| YTD Return | 8.29% | -16.04% |
| 1Y Return | -2.09% | -27.57% |
| 3Y Return (Ann) | -0.34% | -8.62% |
| 5Y Return (Ann) | 12.02% | 15.78% |
| 10Y Return (Ann) | 4.22% | 15.68% |
| Sharpe Ratio | -0.06 | -0.64 |
| Daily Std Dev | 30.46% | 46.45% |
| Max Drawdown | -80.57% | -99.73% |
| Current Drawdown | -43.38% | -96.01% |
Correlation
The correlation between GDX and CMCL is 0.30, 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
GDX vs. CMCL - Performance Comparison
In the year-to-date period, GDX achieves a 8.29% return, which is significantly higher than CMCL's -16.04% return. Over the past 10 years, GDX has underperformed CMCL with an annualized return of 4.22%, while CMCL has yielded a comparatively higher 15.68% 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
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 1.49%, less than CMCL's 5.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 1.49% | 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 | 5.61% | 4.59% | 4.52% | 4.29% | 2.11% | 3.27% | 5.24% | 3.71% | 5.65% | 8.89% | 9.49% | 20.94% |
Drawdowns
GDX vs. CMCL - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.57%, smaller than the maximum CMCL drawdown of -99.73%. 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 9.96%, while Caledonia Mining Corporation Plc (CMCL) has a volatility of 12.60%. 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.