GOLD vs. GDXJ
Compare and contrast key facts about Barrick Gold Corporation (GOLD) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD or GDXJ.
Key characteristics
| GOLD | GDXJ | |
|---|---|---|
| YTD Return | -8.94% | 7.54% |
| 1Y Return | -15.26% | 0.24% |
| 3Y Return (Ann) | -5.25% | -3.95% |
| 5Y Return (Ann) | 8.08% | 8.62% |
| 10Y Return (Ann) | 1.15% | 2.33% |
| Sharpe Ratio | -0.39 | 0.13 |
| Daily Std Dev | 30.06% | 33.83% |
| Max Drawdown | -88.52% | -88.66% |
| Current Drawdown | -63.07% | -69.86% |
Correlation
The correlation between GOLD and GDXJ is 0.83, 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. GDXJ - Performance Comparison
In the year-to-date period, GOLD achieves a -8.94% return, which is significantly lower than GDXJ's 7.54% return. Over the past 10 years, GOLD has underperformed GDXJ with an annualized return of 1.15%, while GDXJ has yielded a comparatively higher 2.33% annualized 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 vs. GDXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (GOLD) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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. GDXJ - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 2.44%, more than GDXJ's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 2.44% | 2.21% | 3.76% | 4.05% | 1.34% | 0.69% | 1.38% | 0.82% | 0.49% | 1.87% | 1.84% | 2.80% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.67% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% | 0.00% |
Drawdowns
GOLD vs. GDXJ - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.52%, roughly equal to the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for GOLD and GDXJ. For additional features, visit the drawdowns tool.
Volatility
GOLD vs. GDXJ - Volatility Comparison
Barrick Gold Corporation (GOLD) and VanEck Vectors Junior Gold Miners ETF (GDXJ) have volatilities of 10.56% and 10.93%, 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.