GOEV vs. GDX

Last updated Jun 23, 2026

GOEV (Canoo Inc.) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index.

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.

Returns By Period

GOEV

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

GDX

• 1D: -4.64%
• 1M: -8.66%
• YTD: -9.46%
• 6M: -13.97%
• 1Y: 47.29%
• 3Y*: 39.25%
• 5Y*: 19.30%
• 10Y*: 12.36%

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

GOEV vs. GDX - Yearly Performance Comparison

	2026 (YTD)
GOEV Canoo Inc.	0.00%
GDX VanEck Gold Miners ETF	-15.99%

Return for Risk

GOEV vs. GDX — Risk / Return Rank

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

GOEV

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

GDX

GDX Risk / Return Rank: 28
GDX Sharpe Ratio Rank: 28
GDX Sortino Ratio Rank: 27
GDX Omega Ratio Rank: 30
GDX Calmar Ratio Rank: 27
GDX Martin Ratio Rank: 26

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.

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.

	GOEV	GDX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.00	—
Sortino ratio: Return per unit of downside risk	—	1.44	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.31	—
Martin ratio: Return relative to average drawdown	—	3.44	—

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	—	-36.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.28%	—
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%	-32.96%	+32.96%
Average Drawdown Average peak-to-trough decline	0.00%	-40.40%	+40.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.78%	—

Volatility

Volatility by Period

	GOEV	GDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	47.64%	-47.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	36.89%	-36.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	37.37%	-37.37%

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 0.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDX VanEck Gold Miners ETF	0.82%	0.74%	1.19%	1.61%	1.66%	1.67%	0.53%	0.67%	0.50%	0.76%	0.26%	0.85%
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%