GDXJ vs. AS
GDXJ (VanEck Junior Gold Miners ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index, while AS (Amer Sports, Inc) is a stock. Over the past year, GDXJ returned 51.06% vs -5.21% for AS. At a 0.21 correlation, their price movements are largely independent.
Performance
GDXJ vs. AS - Performance Comparison
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Returns By Period
In the year-to-date period, GDXJ achieves a -8.37% return, which is significantly lower than AS's -5.06% return.
GDXJ
- 1D
- 3.15%
- 1M
- -19.14%
- YTD
- -8.37%
- 6M
- -6.68%
- 1Y
- 51.06%
- 3Y*
- 44.17%
- 5Y*
- 16.23%
- 10Y*
- 12.00%
AS
- 1D
- -0.39%
- 1M
- 8.18%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -5.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXJ vs. AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | -8.37% | 172.28% | 29.74% |
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
Correlation
The correlation between GDXJ and AS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.22 |
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Return for Risk
GDXJ vs. AS — Risk / Return Rank
GDXJ
AS
GDXJ vs. AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners ETF (GDXJ) and Amer Sports, Inc (AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDXJ | AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.01 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.18 | +1.48 |
| Martin ratioReturn relative to average drawdown | 3.55 | -0.36 | +3.91 |
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Drawdowns
GDXJ vs. AS - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, which is greater than AS's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for GDXJ and AS.
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Drawdown Indicators
| GDXJ | AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.66% | -40.71% | -47.95% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -28.78% | -10.69% |
Max Drawdown (3Y)Largest decline over 3 years | -39.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.77% | — | — |
Current DrawdownCurrent decline from peak | -33.25% | -15.49% | -17.76% |
Average DrawdownAverage peak-to-trough decline | -60.45% | -13.29% | -47.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.41% | 14.56% | -0.15% |
Volatility
GDXJ vs. AS - Volatility Comparison
VanEck Junior Gold Miners ETF (GDXJ) has a higher volatility of 19.46% compared to Amer Sports, Inc (AS) at 10.17%. This indicates that GDXJ's price experiences larger fluctuations and is considered to be riskier than AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXJ | AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.46% | 10.17% | +9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 29.10% | +14.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.54% | 41.31% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.50% | 49.55% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.23% | 49.55% | -5.32% |
Dividends
GDXJ vs. AS - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 2.54%, while AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, 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% |
GDXJ VanEck Junior Gold Miners ETF | 2.54% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
Frequently Asked Questions
GDXJ and AS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXJ has higher volatility (19.46%) compared to AS (10.17%). In terms of maximum drawdown, GDXJ dropped -88.66% vs AS's -40.71%.
GDXJ currently has the higher Sharpe Ratio (1.00 vs -0.13), 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.
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