GOLD vs. GDX
Compare and contrast key facts about Barrick Gold Corporation (GOLD) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD or GDX.
Correlation
The correlation between GOLD and GDX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOLD vs. GDX - Performance Comparison
Key characteristics
GOLD:
0.64
GDX:
1.52
GOLD:
1.07
GDX:
2.03
GOLD:
1.13
GDX:
1.25
GOLD:
0.32
GDX:
1.01
GOLD:
1.66
GDX:
5.06
GOLD:
12.54%
GDX:
9.19%
GOLD:
32.44%
GDX:
30.64%
GOLD:
-88.51%
GDX:
-80.57%
GOLD:
-54.52%
GDX:
-21.87%
Returns By Period
In the year-to-date period, GOLD achieves a 27.56% return, which is significantly lower than GDX's 35.06% return. Over the past 10 years, GOLD has underperformed GDX with an annualized return of 7.15%, while GDX has yielded a comparatively higher 10.32% annualized return.
GOLD
27.56%
10.76%
-2.05%
19.22%
2.59%
7.15%
GDX
35.06%
15.31%
14.56%
44.67%
14.43%
10.32%
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Risk-Adjusted Performance
GOLD vs. GDX — Risk-Adjusted Performance Rank
GOLD
GDX
GOLD vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (GOLD) and VanEck Vectors 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.
Dividends
GOLD vs. GDX - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 2.03%, more than GDX's 0.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 2.03% | 2.58% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% | 1.86% |
GDX VanEck Vectors Gold Miners ETF | 0.88% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
GOLD vs. GDX - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.51%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GOLD and GDX. For additional features, visit the drawdowns tool.
Volatility
GOLD vs. GDX - Volatility Comparison
Barrick Gold Corporation (GOLD) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 7.17% and 7.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.