GDXJ vs. NEM
Compare and contrast key facts about VanEck Vectors Junior Gold Miners ETF (GDXJ) and Newmont Goldcorp Corporation (NEM).
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 NEM.
Key characteristics
| GDXJ | NEM | |
|---|---|---|
| YTD Return | 7.91% | -0.04% |
| 1Y Return | 0.20% | -10.21% |
| 3Y Return (Ann) | -5.21% | -10.63% |
| 5Y Return (Ann) | 8.69% | 9.64% |
| 10Y Return (Ann) | 2.25% | 7.46% |
| Sharpe Ratio | 0.02 | -0.32 |
| Daily Std Dev | 33.60% | 35.57% |
| Max Drawdown | -88.66% | -77.75% |
| Current Drawdown | -69.76% | -47.91% |
Correlation
The correlation between GDXJ and NEM is 0.79, 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. NEM - Performance Comparison
In the year-to-date period, GDXJ achieves a 7.91% return, which is significantly higher than NEM's -0.04% return. Over the past 10 years, GDXJ has underperformed NEM with an annualized return of 2.25%, while NEM has yielded a comparatively higher 7.46% 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. NEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Junior Gold Miners ETF (GDXJ) and Newmont Goldcorp Corporation (NEM). 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. NEM - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 0.67%, less than NEM's 3.53% 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% |
NEM Newmont Goldcorp Corporation | 3.53% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.58% | 0.65% | 0.36% | 0.54% | 1.16% | 5.23% |
Drawdowns
GDXJ vs. NEM - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, which is greater than NEM's maximum drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for GDXJ and NEM. For additional features, visit the drawdowns tool.
Volatility
GDXJ vs. NEM - Volatility Comparison
The current volatility for VanEck Vectors Junior Gold Miners ETF (GDXJ) is 10.47%, while Newmont Goldcorp Corporation (NEM) has a volatility of 14.89%. This indicates that GDXJ experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.