GNR vs. REMX
Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
GNR and REMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNR is a passively managed fund by State Street that tracks the performance of the S&P Global Natural Resources Index. It was launched on Sep 13, 2010. REMX is a passively managed fund by VanEck that tracks the performance of the MVIS Global Rare Earth/Strategic Metals Index. It was launched on Oct 27, 2010. Both GNR and REMX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNR or REMX.
Key characteristics
| GNR | REMX | |
|---|---|---|
| YTD Return | 5.08% | -11.34% |
| 1Y Return | 13.06% | -35.50% |
| 3Y Return (Ann) | 6.08% | -11.22% |
| 5Y Return (Ann) | 9.73% | 7.46% |
| 10Y Return (Ann) | 4.60% | -3.46% |
| Sharpe Ratio | 0.69 | -1.10 |
| Daily Std Dev | 16.33% | 32.31% |
| Max Drawdown | -51.37% | -90.21% |
| Current Drawdown | -1.45% | -76.08% |
Correlation
The correlation between GNR and REMX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GNR vs. REMX - Performance Comparison
In the year-to-date period, GNR achieves a 5.08% return, which is significantly higher than REMX's -11.34% return. Over the past 10 years, GNR has outperformed REMX with an annualized return of 4.60%, while REMX has yielded a comparatively lower -3.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GNR vs. REMX - Expense Ratio Comparison
GNR has a 0.40% expense ratio, which is lower than REMX's 0.59% expense ratio.
Risk-Adjusted Performance
GNR vs. REMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX). 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.
Dividends
GNR vs. REMX - Dividend Comparison
GNR's dividend yield for the trailing twelve months is around 3.21%, while REMX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 3.21% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.59% | 2.59% | 2.46% |
REMX VanEck Vectors Rare Earth/Strategic Metals ETF | 0.00% | 0.00% | 1.56% | 5.25% | 0.81% | 1.60% | 12.43% | 2.89% | 2.23% | 4.77% | 1.53% | 0.23% |
Drawdowns
GNR vs. REMX - Drawdown Comparison
The maximum GNR drawdown since its inception was -51.37%, smaller than the maximum REMX drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for GNR and REMX. For additional features, visit the drawdowns tool.
Volatility
GNR vs. REMX - Volatility Comparison
The current volatility for SPDR S&P Global Natural Resources ETF (GNR) is 4.69%, while VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) has a volatility of 9.58%. This indicates that GNR experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.