GMD.AX vs. GLDM
GMD.AX (Genesis Minerals Limited) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, GMD.AX returned 53.09%/yr vs 20.05%/yr for GLDM. At a 0.02 correlation, their price movements are largely independent.
Performance
GMD.AX vs. GLDM - Performance Comparison
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Different Trading Currencies
GMD.AX is traded in AUD, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GMD.AX achieves a -22.62% return, which is significantly lower than GLDM's -5.25% return.
GMD.AX
- 1D
- -4.92%
- 1M
- -4.92%
- YTD
- -22.62%
- 6M
- -12.34%
- 1Y
- 18.86%
- 3Y*
- 66.98%
- 5Y*
- 53.09%
- 10Y*
- 40.56%
GLDM
- 1D
- -2.48%
- 1M
- -5.50%
- YTD
- -5.25%
- 6M
- -3.26%
- 1Y
- 18.58%
- 3Y*
- 27.55%
- 5Y*
- 20.05%
- 10Y*
- —
GMD.AX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GMD.AX Genesis Minerals Limited | -22.62% | 193.52% | 37.99% | 43.20% | -24.24% | 127.27% | 138.83% | -1.12% | -13.16% |
GLDM SPDR Gold MiniShares Trust | -5.25% | 52.28% | 39.87% | 13.13% | 6.11% | 1.62% | 14.11% | 18.65% | 6.77% |
Correlation
The correlation between GMD.AX and GLDM is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.02 |
The correlation between GMD.AX and GLDM shifts across timeframes, from 0.02 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GMD.AX vs. GLDM — Risk / Return Rank
GMD.AX
GLDM
GMD.AX vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Genesis Minerals Limited (GMD.AX) and SPDR Gold MiniShares Trust (GLDM). 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.
| GMD.AX | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.93 | -0.50 |
| Martin ratioReturn relative to average drawdown | 0.95 | 2.27 | -1.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMD.AX | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.78 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.24 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 1.12 | -1.06 |
Drawdowns
GMD.AX vs. GLDM - Drawdown Comparison
The maximum GMD.AX drawdown since its inception was -99.08%, which is greater than GLDM's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for GMD.AX and GLDM.
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Drawdown Indicators
| GMD.AX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.08% | -23.08% | -76.00% |
Max Drawdown (1Y)Largest decline over 1 year | -36.46% | -19.97% | -16.49% |
Max Drawdown (3Y)Largest decline over 3 years | -36.46% | -19.97% | -16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -54.36% | -19.97% | -34.39% |
Max Drawdown (10Y)Largest decline over 10 years | -62.50% | — | — |
Current DrawdownCurrent decline from peak | -33.37% | -19.97% | -13.40% |
Average DrawdownAverage peak-to-trough decline | -72.68% | -5.99% | -66.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.68% | 8.21% | +8.47% |
Volatility
GMD.AX vs. GLDM - Volatility Comparison
Genesis Minerals Limited (GMD.AX) has a higher volatility of 19.32% compared to SPDR Gold MiniShares Trust (GLDM) at 3.80%. This indicates that GMD.AX's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMD.AX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.32% | 3.80% | +15.52% |
Volatility (6M)Calculated over the trailing 6-month period | 45.10% | 20.27% | +24.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.00% | 23.98% | +34.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.00% | 16.24% | +67.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.78% | 15.55% | +64.23% |
Dividends
GMD.AX vs. GLDM - Dividend Comparison
Neither GMD.AX nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
GMD.AX and GLDM have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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