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GDX vs. QUBT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GDX vs. QUBT

Last updated Jun 9, 2026

GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index, while QUBT (Quantum Computing, Inc.) is a stock. Over the past 5 years, GDX returned 17.28%/yr vs 9.20%/yr for QUBT. At a 0.09 correlation, their price movements are largely independent.

Performance

GDX vs. QUBT - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, GDX achieves a -8.28% return, which is significantly lower than QUBT's 1.85% return.

GDX

1D
-0.22%
1M
-16.83%
YTD
-8.28%
6M
0.10%
1Y
53.51%
3Y*
37.89%
5Y*
17.28%
10Y*
12.82%

QUBT

1D
4.97%
1M
8.85%
YTD
1.85%
6M
-19.68%
1Y
-23.72%
3Y*
90.15%
5Y*
9.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDX vs. QUBT - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GDX
VanEck Gold Miners ETF		-8.28%154.77%10.63%9.98%-9.01%-9.52%23.66%39.84%-0.37%
QUBT
Quantum Computing, Inc.		1.85%-38.01%1,712.51%-39.53%-55.72%-75.83%370.33%0.00%-42.31%

Correlation

The correlation between GDX and QUBT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.14

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

0.14

Correlation (All Time)
Calculated using the full available price history since Aug 1, 2018

0.09

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

Quantum Computing, Inc.

Often compared with GDX:
GDX vs. GLDGDX vs. GDXJGDX vs. GOLDGDX vs. IAUGDX vs. GDXUGDX vs. RINGGDX vs. SLV
Often compared with QUBT:
QUBT vs. QBTSQUBT vs. RGTIQUBT vs. QMCOQUBT vs. ARQQQUBT vs. QSIQUBT vs. VGTQUBT vs. SQM

Return for Risk

GDX vs. QUBT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDX
GDX Risk / Return Rank: 3535
Overall Rank
GDX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
GDX Sortino Ratio Rank: 3232
Sortino Ratio Rank
GDX Omega Ratio Rank: 3737
Omega Ratio Rank
GDX Calmar Ratio Rank: 3737
Calmar Ratio Rank
GDX Martin Ratio Rank: 3232
Martin Ratio Rank
QUBT
QUBT Risk / Return Rank: 3636
Overall Rank
QUBT Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
QUBT Sortino Ratio Rank: 4141
Sortino Ratio Rank
QUBT Omega Ratio Rank: 3939
Omega Ratio Rank
QUBT Calmar Ratio Rank: 3232
Calmar Ratio Rank
QUBT Martin Ratio Rank: 3333
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. QUBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners ETF (GDX) and Quantum Computing, Inc. (QUBT). 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.

GDXQUBTDifference
Sharpe ratioReturn per unit of total volatility
1.16
-0.22

+1.39

Sortino ratioReturn per unit of downside risk
1.58
0.43

+1.15

Omega ratioGain probability vs. loss probability

1.22

1.04

+0.18

Calmar ratioReturn relative to maximum drawdown

1.68

-0.32

+2.00

Martin ratioReturn relative to average drawdown

4.32

-0.49

+4.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDX vs. QUBT - Sharpe Ratio Comparison

The current GDX Sharpe Ratio is 1.16, which is higher than the QUBT Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of GDX and QUBT, 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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Sharpe Ratios by Period

GDXQUBTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

-0.22

+1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.07

+0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.06

+0.06

Drawdowns

GDX vs. QUBT - Drawdown Comparison

The maximum GDX drawdown since its inception was -80.34%, smaller than the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for GDX and QUBT.

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Drawdown Indicators

GDXQUBTDifference

Max Drawdown

Largest peak-to-trough decline

-80.34%

-97.53%

+17.19%

Max Drawdown (1Y)

Largest decline over 1 year

-32.09%

-74.37%

+42.28%

Max Drawdown (3Y)

Largest decline over 3 years

-32.09%

-82.40%

+50.31%

Max Drawdown (5Y)

Largest decline over 5 years

-46.51%

-95.63%

+49.12%

Max Drawdown (10Y)

Largest decline over 10 years

-49.79%

—

—

Current Drawdown

Current decline from peak

-32.09%

-59.31%

+27.22%

Average Drawdown

Average peak-to-trough decline

-40.43%

-72.96%

+32.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.42%

48.08%

-35.66%

Volatility

GDX vs. QUBT - Volatility Comparison

The current volatility for VanEck Gold Miners ETF (GDX) is 16.05%, while Quantum Computing, Inc. (QUBT) has a volatility of 36.37%. This indicates that GDX experiences smaller price fluctuations and is considered to be less risky than QUBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GDXQUBTDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.05%

36.37%

-20.32%

Volatility (6M)

Calculated over the trailing 6-month period

38.61%

67.03%

-28.42%

Volatility (1Y)

Calculated over the trailing 1-year period

46.36%

106.87%

-60.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.61%

133.10%

-96.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.27%

177.68%

-140.41%

Dividends

GDX vs. QUBT - Dividend Comparison

GDX's dividend yield for the trailing twelve months is around 0.80%, while QUBT has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GDX
VanEck Gold Miners ETF		0.80%0.74%1.19%1.61%1.66%1.67%0.53%0.67%0.50%0.76%0.26%0.85%
QUBT
Quantum Computing, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GDX and QUBT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QUBT has higher volatility (36.37%) compared to GDX (16.05%). In terms of maximum drawdown, GDX dropped -80.34% vs QUBT's -97.53%.

GDX currently has the higher Sharpe Ratio (1.16 vs -0.22), 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

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