GDX vs. GOLD
Compare and contrast key facts about VanEck Vectors Gold Miners ETF (GDX) and Barrick Gold Corporation (GOLD).
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 GOLD.
Correlation
The correlation between GDX and GOLD is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDX vs. GOLD - Performance Comparison
Key characteristics
GDX:
1.76
GOLD:
0.80
GDX:
2.28
GOLD:
1.27
GDX:
1.29
GOLD:
1.15
GDX:
1.14
GOLD:
0.40
GDX:
5.92
GOLD:
2.08
GDX:
9.19%
GOLD:
12.52%
GDX:
30.75%
GOLD:
32.55%
GDX:
-80.57%
GOLD:
-88.51%
GDX:
-22.26%
GOLD:
-55.73%
Returns By Period
In the year-to-date period, GDX achieves a 34.39% return, which is significantly higher than GOLD's 24.18% return. Over the past 10 years, GDX has outperformed GOLD with an annualized return of 10.27%, while GOLD has yielded a comparatively lower 6.87% annualized return.
GDX
34.39%
14.73%
14.23%
45.81%
16.24%
10.27%
GOLD
24.18%
7.83%
-4.31%
17.60%
3.70%
6.87%
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Risk-Adjusted Performance
GDX vs. GOLD — Risk-Adjusted Performance Rank
GDX
GOLD
GDX vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Gold Miners ETF (GDX) and Barrick Gold Corporation (GOLD). 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. GOLD - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 0.88%, less than GOLD's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 0.88% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
GOLD Barrick Gold Corporation | 2.09% | 2.58% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% | 1.86% |
Drawdowns
GDX vs. GOLD - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.57%, smaller than the maximum GOLD drawdown of -88.51%. Use the drawdown chart below to compare losses from any high point for GDX and GOLD. For additional features, visit the drawdowns tool.
Volatility
GDX vs. GOLD - Volatility Comparison
VanEck Vectors Gold Miners ETF (GDX) and Barrick Gold Corporation (GOLD) have volatilities of 7.38% and 7.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.