GLDG vs. SM
GLDG (GoldMining Inc) and SM (SM Energy Company) are both stocks. GLDG operates in Gold (Basic Materials), while SM operates in Oil & Gas E&P (Energy). Over the past 10 years, GLDG returned -5.30%/yr vs 1.29%/yr for SM. At a 0.09 correlation, their price movements are largely independent.
Performance
GLDG vs. SM - 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 SM's 49.66% return. Over the past 10 years, GLDG has underperformed SM with an annualized return of -5.30%, while SM has yielded a comparatively higher 1.29% 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%
SM
- 1D
- 1.55%
- 1M
- -17.83%
- YTD
- 49.66%
- 6M
- 48.95%
- 1Y
- 4.37%
- 3Y*
- 0.93%
- 5Y*
- 4.60%
- 10Y*
- 1.29%
GLDG vs. SM - 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% |
SM SM Energy Company | 49.66% | -49.72% | 1.84% | 13.14% | 18.58% | 382.16% | -44.85% | -26.72% | -29.60% | -35.65% |
Correlation
The correlation between GLDG and SM is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2011 | 0.09 |
The correlation between GLDG and SM shifts across timeframes, from -0.12 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GLDG:
-CA$0.08
SM:
$5.40
GLDG:
CA$0.00
SM:
$2.31B
GLDG:
-CA$337.66K
SM:
$660.35M
GLDG:
-CA$13.37M
SM:
$1.94B
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Return for Risk
GLDG vs. SM — Risk / Return Rank
GLDG
SM
GLDG vs. SM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc (GLDG) and SM Energy Company (SM). 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 | SM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.11 | +0.36 |
| Martin ratioReturn relative to average drawdown | 1.00 | 0.21 | +0.79 |
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Drawdowns
GLDG vs. SM - Drawdown Comparison
The maximum GLDG drawdown since its inception was -81.97%, smaller than the maximum SM drawdown of -98.85%. Use the drawdown chart below to compare losses from any high point for GLDG and SM.
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Drawdown Indicators
| GLDG | SM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.97% | -98.85% | +16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -60.07% | -38.16% | -21.91% |
Max Drawdown (3Y)Largest decline over 3 years | -60.07% | -64.87% | +4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -62.98% | -65.01% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -77.95% | -97.46% | +19.51% |
Current DrawdownCurrent decline from peak | -68.21% | -65.75% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -52.12% | -39.93% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.33% | 20.54% | +7.79% |
Volatility
GLDG vs. SM - Volatility Comparison
GoldMining Inc (GLDG) has a higher volatility of 23.50% compared to SM Energy Company (SM) at 17.96%. This indicates that GLDG's price experiences larger fluctuations and is considered to be riskier than SM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDG | SM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.50% | 17.96% | +5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 53.95% | 38.10% | +15.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.67% | 51.22% | +18.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.81% | 54.04% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.51% | 79.97% | -21.46% |
Dividends
GLDG vs. SM - Dividend Comparison
GLDG has not paid dividends to shareholders, while SM's dividend yield for the trailing twelve months is around 3.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SM SM Energy Company | 3.77% | 5.35% | 1.91% | 1.55% | 0.46% | 0.07% | 0.33% | 0.89% | 0.65% | 0.45% | 0.29% | 0.51% |
Financials
GLDG vs. SM - Financials Comparison
This section allows you to compare key financial metrics between GoldMining Inc and SM Energy Company. 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 SM have a correlation of -0.12, 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 SM (17.96%). In terms of maximum drawdown, GLDG dropped -81.97% vs SM's -98.85%.
GLDG currently has the higher Sharpe Ratio (0.41 vs 0.09), 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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