GOEV vs. GDX

Last updated Apr 1, 2026

Compare and contrast key facts about Canoo Inc. (GOEV) and VanEck Gold Miners ETF (GDX).

GDX is a passively managed fund by VanEck that tracks the performance of the NYSE MarketVector Global Gold Miners Index. It was launched on May 16, 2006.

Performance

GOEV vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canoo Inc. (GOEV) and VanEck Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

GOEV vs. GDX - Yearly Performance Comparison

	2026 (YTD)
GOEV Canoo Inc.	0.00%
GDX VanEck Gold Miners ETF	-5.77%

Returns By Period

GOEV

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDX

• 1D: 6.97%
• 1M: -20.78%
• YTD: 7.00%
• 6M: 20.99%
• 1Y: 101.08%
• 3Y*: 43.23%
• 5Y*: 23.96%
• 10Y*: 17.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GOEV vs. GDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDX

GDX Risk / Return Rank: 92
GDX Sharpe Ratio Rank: 94
GDX Sortino Ratio Rank: 90
GDX Omega Ratio Rank: 89
GDX Calmar Ratio Rank: 93
GDX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOEV vs. GDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canoo Inc. (GOEV) and VanEck Gold Miners ETF (GDX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GOEV	GDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.14	—

Dividends

GOEV vs. GDX - Dividend Comparison

GOEV has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.69%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOEV Canoo 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%
GDX VanEck Gold Miners ETF	0.69%	0.74%	1.19%	1.61%	1.66%	1.67%	0.53%	0.67%	0.50%	0.76%	0.26%	0.85%

Drawdowns

GOEV vs. GDX - Drawdown Comparison

The maximum GOEV drawdown since its inception was 0.00%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for GOEV and GDX.

Drawdown Indicators

	GOEV	GDX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-80.34%	+80.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.51%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.79%	—
Current Drawdown Current decline from peak	0.00%	-20.78%	+20.78%
Average Drawdown Average peak-to-trough decline	0.00%	-40.61%	+40.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.52%	—

Volatility

Volatility by Period

	GOEV	GDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	46.00%	-46.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	35.73%	-35.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	37.44%	-37.44%