GOLD.TO vs. GLDM
Compare and contrast key facts about GoldMining Inc. (GOLD.TO) and SPDR Gold MiniShares Trust (GLDM).
GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD.TO or GLDM.
Key characteristics
| GOLD.TO | GLDM | |
|---|---|---|
| YTD Return | -6.15% | 32.58% |
| 1Y Return | 11.93% | 37.25% |
| 3Y Return (Ann) | -11.23% | 14.60% |
| 5Y Return (Ann) | 3.46% | 12.81% |
| Sharpe Ratio | 0.32 | 2.68 |
| Sortino Ratio | 0.75 | 3.59 |
| Omega Ratio | 1.08 | 1.46 |
| Calmar Ratio | 0.16 | 5.66 |
| Martin Ratio | 0.81 | 17.36 |
| Ulcer Index | 14.70% | 2.17% |
| Daily Std Dev | 37.23% | 14.09% |
| Max Drawdown | -76.83% | -21.63% |
| Current Drawdown | -67.81% | -1.79% |
Correlation
The correlation between GOLD.TO and GLDM is 0.53, 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
GOLD.TO vs. GLDM - Performance Comparison
In the year-to-date period, GOLD.TO achieves a -6.15% return, which is significantly lower than GLDM's 32.58% 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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Risk-Adjusted Performance
GOLD.TO vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc. (GOLD.TO) 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.
Dividends
GOLD.TO vs. GLDM - Dividend Comparison
Neither GOLD.TO nor GLDM has paid dividends to shareholders.
Drawdowns
GOLD.TO vs. GLDM - Drawdown Comparison
The maximum GOLD.TO drawdown since its inception was -76.83%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GOLD.TO and GLDM. For additional features, visit the drawdowns tool.
Volatility
GOLD.TO vs. GLDM - Volatility Comparison
GoldMining Inc. (GOLD.TO) has a higher volatility of 9.07% compared to SPDR Gold MiniShares Trust (GLDM) at 3.41%. This indicates that GOLD.TO'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.