GOLD vs. NEM
GOLD (Barrick Mining Corporation) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
GOLD vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, GOLD achieves a 25.14% return, which is significantly higher than NEM's 4.40% return.
GOLD
- 1D
- -1.08%
- 1M
- 3.02%
- YTD
- 25.14%
- 6M
- 28.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEM
- 1D
- -1.78%
- 1M
- -3.13%
- YTD
- 4.40%
- 6M
- 2.92%
- 1Y
- 80.04%
- 3Y*
- 36.26%
- 5Y*
- 13.89%
- 10Y*
- 14.14%
GOLD vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOLD Barrick Mining Corporation | 25.14% | 13.01% |
NEM Newmont Corporation | 4.40% | 8.73% |
Correlation
The correlation between GOLD and NEM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.54 |
Fundamentals
GOLD:
$3.06
NEM:
$6.34
GOLD:
13.79
NEM:
16.38
GOLD:
0.05
NEM:
5.00
GOLD:
$23.02B
NEM:
$17.23B
GOLD:
$169.58M
NEM:
$8.97B
GOLD:
-$162.41M
NEM:
$13.78B
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Return for Risk
GOLD vs. NEM — Risk / Return Rank
GOLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NEM
GOLD vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (GOLD) and Newmont Corporation (NEM). 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.
| GOLD | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.74 | — |
| Martin ratioReturn relative to average drawdown | — | 7.29 | — |
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Drawdowns
GOLD vs. NEM - Drawdown Comparison
The maximum GOLD drawdown since its inception was -40.58%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for GOLD and NEM.
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Drawdown Indicators
| GOLD | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -81.30% | +40.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.39% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -33.57% | -21.00% | -12.57% |
Average DrawdownAverage peak-to-trough decline | -18.46% | -41.36% | +22.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.01% | — |
Volatility
GOLD vs. NEM - Volatility Comparison
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Volatility by Period
| GOLD | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.87% | 47.58% | +10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.87% | 37.98% | +19.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.87% | 35.72% | +22.15% |
Dividends
GOLD vs. NEM - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 0.95%, less than NEM's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Mining Corporation | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEM Newmont Corporation | 0.98% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
GOLD vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Barrick Mining Corporation and Newmont Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
GOLD and NEM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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