GLEN.L vs. NEM
GLEN.L (Glencore plc) and NEM (Newmont Corporation) are both stocks. Both are in the Basic Materials sector — GLEN.L in Other Industrial Metals & Mining, NEM in Gold. Over the past 10 years, GLEN.L returned 20.95%/yr vs 14.39%/yr for NEM. At a 0.16 correlation, their price movements are largely independent.
Performance
GLEN.L vs. NEM - Performance Comparison
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Different Trading Currencies
GLEN.L is traded in GBp, while NEM is traded in USD. To make them comparable, the NEM values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLEN.L achieves a 46.47% return, which is significantly higher than NEM's 1.33% return. Over the past 10 years, GLEN.L has outperformed NEM with an annualized return of 20.95%, while NEM has yielded a comparatively lower 14.39% annualized return.
GLEN.L
- 1D
- 2.56%
- 1M
- -1.17%
- YTD
- 46.47%
- 6M
- 58.58%
- 1Y
- 106.77%
- 3Y*
- 12.95%
- 5Y*
- 17.95%
- 10Y*
- 20.95%
NEM
- 1D
- 2.79%
- 1M
- -13.66%
- YTD
- 1.33%
- 6M
- 2.32%
- 1Y
- 77.13%
- 3Y*
- 33.39%
- 5Y*
- 11.65%
- 10Y*
- 14.39%
GLEN.L vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 46.47% | 18.34% | -23.37% | -6.11% | 57.13% | 66.99% | -1.00% | -14.47% | -21.89% | 42.98% |
NEM Newmont Corporation | 1.33% | 153.38% | -6.22% | -13.32% | -11.35% | 8.42% | 36.16% | 25.55% | -0.58% | 1.31% |
Correlation
The correlation between GLEN.L and NEM is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 19, 2011 | 0.16 |
The correlation between GLEN.L and NEM shifts across timeframes, from 0.14 (10 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
GLEN.L:
-$0.10
NEM:
$6.34
GLEN.L:
0.20
NEM:
4.83
GLEN.L:
$479.07B
NEM:
$17.23B
GLEN.L:
$11.90B
NEM:
$8.97B
GLEN.L:
$19.53B
NEM:
$13.78B
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Return for Risk
GLEN.L vs. NEM — Risk / Return Rank
GLEN.L
NEM
GLEN.L vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Glencore plc (GLEN.L) 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.
| GLEN.L | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.31 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 7.74 | 3.04 | +4.70 |
| Martin ratioReturn relative to average drawdown | 24.83 | 8.69 | +16.14 |
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Drawdowns
GLEN.L vs. NEM - Drawdown Comparison
The maximum GLEN.L drawdown since its inception was -87.37%, which is greater than NEM's maximum drawdown of -75.60%. Use the drawdown chart below to compare losses from any high point for GLEN.L and NEM.
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Drawdown Indicators
| GLEN.L | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.37% | -75.60% | -11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -27.74% | +13.65% |
Max Drawdown (3Y)Largest decline over 3 years | -53.56% | -34.40% | -19.16% |
Max Drawdown (5Y)Largest decline over 5 years | -55.24% | -61.44% | +6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -69.99% | -61.44% | -8.55% |
Current DrawdownCurrent decline from peak | -4.24% | -22.11% | +17.87% |
Average DrawdownAverage peak-to-trough decline | -36.33% | -30.12% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 9.70% | -5.30% |
Volatility
GLEN.L vs. NEM - Volatility Comparison
The current volatility for Glencore plc (GLEN.L) is 10.71%, while Newmont Corporation (NEM) has a volatility of 14.76%. This indicates that GLEN.L 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
| GLEN.L | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 14.76% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 22.78% | 35.66% | -12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.50% | 45.95% | -14.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.32% | 35.94% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.56% | 34.66% | +0.90% |
Dividends
GLEN.L vs. NEM - Dividend Comparison
GLEN.L's dividend yield for the trailing twelve months is around 1.70%, more than NEM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 1.70% | 1.84% | 2.87% | 8.72% | 5.58% | 3.08% | 0.00% | 6.70% | 5.16% | 1.37% | 0.00% | 0.00% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
GLEN.L vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Glencore plc 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
GLEN.L and NEM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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