GOLD.TO vs. SPY
Compare and contrast key facts about GoldMining Inc. (GOLD.TO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD.TO or SPY.
Key characteristics
| GOLD.TO | SPY | |
|---|---|---|
| YTD Return | -6.15% | 21.01% |
| 1Y Return | 11.93% | 32.86% |
| 3Y Return (Ann) | -11.23% | 8.37% |
| 5Y Return (Ann) | 3.46% | 14.97% |
| 10Y Return (Ann) | 6.39% | 12.86% |
| Sharpe Ratio | 0.32 | 2.83 |
| Sortino Ratio | 0.75 | 3.76 |
| Omega Ratio | 1.08 | 1.53 |
| Calmar Ratio | 0.16 | 4.05 |
| Martin Ratio | 0.81 | 18.38 |
| Ulcer Index | 14.70% | 1.85% |
| Daily Std Dev | 37.23% | 12.02% |
| Max Drawdown | -76.83% | -55.19% |
| Current Drawdown | -67.81% | -2.53% |
Correlation
The correlation between GOLD.TO and SPY is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOLD.TO vs. SPY - Performance Comparison
In the year-to-date period, GOLD.TO achieves a -6.15% return, which is significantly lower than SPY's 21.01% return. Over the past 10 years, GOLD.TO has underperformed SPY with an annualized return of 6.39%, while SPY has yielded a comparatively higher 12.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
GOLD.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc. (GOLD.TO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GOLD.TO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD.TO GoldMining 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% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GOLD.TO vs. SPY - Drawdown Comparison
The maximum GOLD.TO drawdown since its inception was -76.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GOLD.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
GOLD.TO vs. SPY - Volatility Comparison
GoldMining Inc. (GOLD.TO) has a higher volatility of 9.07% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that GOLD.TO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.