GDXJ vs. GOLD
Compare and contrast key facts about VanEck Vectors Junior Gold Miners ETF (GDXJ) and Barrick Gold Corporation (GOLD).
GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXJ or GOLD.
Key characteristics
| GDXJ | GOLD | |
|---|---|---|
| YTD Return | 7.44% | -8.38% |
| 1Y Return | -2.27% | -17.41% |
| 3Y Return (Ann) | -4.66% | -6.60% |
| 5Y Return (Ann) | 8.58% | 7.90% |
| 10Y Return (Ann) | 2.29% | 1.04% |
| Sharpe Ratio | -0.01 | -0.52 |
| Daily Std Dev | 33.60% | 29.77% |
| Max Drawdown | -88.66% | -88.52% |
| Current Drawdown | -69.89% | -63.36% |
Correlation
The correlation between GDXJ and GOLD is 0.83, 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
GDXJ vs. GOLD - Performance Comparison
In the year-to-date period, GDXJ achieves a 7.44% return, which is significantly higher than GOLD's -8.38% return. Over the past 10 years, GDXJ has outperformed GOLD with an annualized return of 2.29%, while GOLD has yielded a comparatively lower 1.04% 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
GDXJ vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Junior Gold Miners ETF (GDXJ) 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
GDXJ vs. GOLD - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 0.67%, less than GOLD's 2.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.67% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% | 0.00% |
GOLD Barrick Gold Corporation | 2.43% | 2.21% | 3.76% | 2.61% | 1.34% | 0.69% | 1.38% | 0.82% | 0.49% | 1.87% | 1.84% | 2.80% |
Drawdowns
GDXJ vs. GOLD - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, roughly equal to the maximum GOLD drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for GDXJ and GOLD. For additional features, visit the drawdowns tool.
Volatility
GDXJ vs. GOLD - Volatility Comparison
VanEck Vectors Junior Gold Miners ETF (GDXJ) and Barrick Gold Corporation (GOLD) have volatilities of 10.38% and 10.53%, 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.