GE vs. NEM
GE (General Electric Company) and NEM (Newmont Corporation) are both stocks. GE operates in Specialty Industrial Machinery (Industrials), while NEM operates in Gold (Basic Materials). Over the past 10 years, GE returned 10.12%/yr vs 11.22%/yr for NEM. At a 0.07 correlation, their price movements are largely independent.
Performance
GE vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, GE achieves a 15.15% return, which is significantly higher than NEM's -6.26% return. Over the past 10 years, GE has underperformed NEM with an annualized return of 10.12%, while NEM has yielded a comparatively higher 11.22% annualized return.
GE
- 1D
- 1.36%
- 1M
- -3.20%
- 6M
- 20.70%
- YTD
- 15.15%
- 1Y
- 32.65%
- 3Y*
- 56.67%
- 5Y*
- 41.73%
- 10Y*
- 10.12%
- ALL TIME*
- 8.86%
NEM
- 1D
- -1.62%
- 1M
- -0.90%
- 6M
- -24.71%
- YTD
- -6.26%
- 1Y
- 53.11%
- 3Y*
- 31.67%
- 5Y*
- 12.38%
- 10Y*
- 11.22%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.53B | $1.64B | $1.67B | |
| $751.28M | $741.04M | $822.38M |
GE vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GE General Electric Company | 15.15% | 85.73% | 64.83% | 95.71% | -10.92% | 9.69% | -2.73% | 54.00% | -55.39% | -42.92% |
NEM Newmont Corporation | -6.26% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between GE and NEM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 1983 | 0.07 |
Over the past year, GE and NEM have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.
Fundamentals
GE:
$367.02B
NEM:
$99.49B
GE:
$8.48
NEM:
$7.88
GE:
41.72
NEM:
11.82
GE:
0.01
NEM:
0.31
GE:
7.38
NEM:
5.31
GE:
21.03
NEM:
2.81
GE:
$50.68B
NEM:
$19.13B
GE:
$17.96B
NEM:
$10.94B
GE:
$11.56B
NEM:
$14.81B
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Return for Risk
GE vs. NEM — Risk / Return Rank
GE
NEM
GE vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for General Electric Company (GE) and Newmont 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.
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.
| GE | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.66 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.16 | 3.81 | +0.35 |
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Drawdowns
GE vs. NEM - Drawdown Comparison
The maximum GE drawdown since its inception was -85.53%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for GE and NEM.
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Drawdown Indicators
| GE | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.53% | -81.30% | -4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.85% | -32.10% | +11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -36.57% | +15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -44.94% | -62.40% | +17.46% |
Max Drawdown (10Y)Largest decline over 10 years | -80.94% | -62.40% | -18.54% |
Current DrawdownCurrent decline from peak | -6.59% | -29.07% | +22.48% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -41.33% | +15.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 14.00% | -6.13% |
Volatility
GE vs. NEM - Volatility Comparison
The current volatility for General Electric Company (GE) is 7.94%, while Newmont Corporation (NEM) has a volatility of 10.40%. This indicates that GE 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.
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Volatility by Period
| GE | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 10.40% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 25.62% | 37.49% | -11.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.92% | 47.79% | -15.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.93% | 38.27% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.41% | 35.73% | +0.68% |
Dividends
GE vs. NEM - Dividend Comparison
GE's dividend yield for the trailing twelve months is around 0.47%, less than NEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GE General Electric Company | 0.47% | 0.47% | 0.67% | 0.25% | 0.38% | 0.34% | 0.37% | 4.12% | 4.89% | 4.81% | 2.94% | 2.95% |
NEM Newmont Corporation | 1.09% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
GE vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between General Electric Company and Newmont Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
GE and NEM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (10.40%) compared to GE (7.94%). In terms of maximum drawdown, GE dropped -85.53% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.12 vs 1.03), 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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