GLDG vs. CNX
GLDG (GoldMining Inc) and CNX (CNX Resources Corporation) are both stocks. GLDG operates in Gold (Basic Materials), while CNX operates in Oil & Gas E&P (Energy). Over the past 10 years, GLDG returned -5.30%/yr vs 8.58%/yr for CNX. At a 0.10 correlation, their price movements are largely independent.
Performance
GLDG vs. CNX - Performance Comparison
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Returns By Period
In the year-to-date period, GLDG achieves a -26.25% return, which is significantly lower than CNX's -9.71% return. Over the past 10 years, GLDG has underperformed CNX with an annualized return of -5.30%, while CNX has yielded a comparatively higher 8.58% annualized return.
GLDG
- 1D
- -3.27%
- 1M
- -15.42%
- YTD
- -26.25%
- 6M
- -31.20%
- 1Y
- 28.38%
- 3Y*
- 1.69%
- 5Y*
- -8.66%
- 10Y*
- -5.30%
CNX
- 1D
- 1.62%
- 1M
- -5.98%
- YTD
- -9.71%
- 6M
- -10.78%
- 1Y
- -3.46%
- 3Y*
- 25.74%
- 5Y*
- 18.55%
- 10Y*
- 8.58%
GLDG vs. CNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLDG GoldMining Inc | -26.25% | 55.28% | -17.37% | -13.79% | -5.83% | -44.95% | 113.73% | 78.95% | -45.19% | -32.47% |
CNX CNX Resources Corporation | -9.71% | 0.27% | 83.35% | 18.76% | 22.47% | 27.31% | 22.03% | -22.50% | -21.94% | -19.75% |
Correlation
The correlation between GLDG and CNX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2011 | 0.10 |
Fundamentals
GLDG:
-CA$0.08
CNX:
$9.47
GLDG:
CA$0.00
CNX:
$2.43B
GLDG:
-CA$337.66K
CNX:
$1.17B
GLDG:
-CA$13.37M
CNX:
$2.24B
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Return for Risk
GLDG vs. CNX — Risk / Return Rank
GLDG
CNX
GLDG vs. CNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc (GLDG) and CNX Resources Corporation (CNX). 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.
| GLDG | CNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.14 | +0.62 |
| Martin ratioReturn relative to average drawdown | 1.00 | -0.31 | +1.31 |
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Drawdowns
GLDG vs. CNX - Drawdown Comparison
The maximum GLDG drawdown since its inception was -81.97%, smaller than the maximum CNX drawdown of -95.41%. Use the drawdown chart below to compare losses from any high point for GLDG and CNX.
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Drawdown Indicators
| GLDG | CNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.97% | -95.41% | +13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -60.07% | -24.64% | -35.43% |
Max Drawdown (3Y)Largest decline over 3 years | -60.07% | -33.37% | -26.70% |
Max Drawdown (5Y)Largest decline over 5 years | -62.98% | -38.23% | -24.75% |
Max Drawdown (10Y)Largest decline over 10 years | -77.95% | -77.19% | -0.76% |
Current DrawdownCurrent decline from peak | -68.21% | -69.41% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -52.12% | -58.43% | +6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.33% | 11.29% | +17.04% |
Volatility
GLDG vs. CNX - Volatility Comparison
GoldMining Inc (GLDG) has a higher volatility of 23.50% compared to CNX Resources Corporation (CNX) at 7.32%. This indicates that GLDG's price experiences larger fluctuations and is considered to be riskier than CNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDG | CNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.50% | 7.32% | +16.18% |
Volatility (6M)Calculated over the trailing 6-month period | 53.95% | 21.45% | +32.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.67% | 30.15% | +39.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.81% | 35.30% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.51% | 48.36% | +10.15% |
Dividends
GLDG vs. CNX - Dividend Comparison
Neither GLDG nor CNX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNX CNX Resources Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 1.84% |
GLDG GoldMining 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% |
Financials
GLDG vs. CNX - Financials Comparison
This section allows you to compare key financial metrics between GoldMining Inc and CNX Resources 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
GLDG and CNX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDG has higher volatility (23.50%) compared to CNX (7.32%). In terms of maximum drawdown, GLDG dropped -81.97% vs CNX's -95.41%.
GLDG currently has the higher Sharpe Ratio (0.41 vs -0.12), 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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