GOLD vs. NEM
Compare and contrast key facts about Barrick Gold Corporation (GOLD) and Newmont Goldcorp Corporation (NEM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD or NEM.
Key characteristics
| GOLD | NEM | |
|---|---|---|
| YTD Return | -8.94% | -1.18% |
| 1Y Return | -15.26% | -12.29% |
| 3Y Return (Ann) | -5.25% | -10.01% |
| 5Y Return (Ann) | 8.08% | 9.40% |
| 10Y Return (Ann) | 1.15% | 7.39% |
| Sharpe Ratio | -0.39 | -0.29 |
| Daily Std Dev | 30.06% | 35.64% |
| Max Drawdown | -88.52% | -77.75% |
| Current Drawdown | -63.07% | -48.50% |
Fundamentals
| GOLD | NEM | |
|---|---|---|
| Market Cap | $30.03B | $49.26B |
| EPS | $0.72 | -$3.27 |
| PE Ratio | 23.74 | 35.16 |
| PEG Ratio | 2.22 | 0.79 |
| Revenue (TTM) | $11.40B | $13.16B |
| Gross Profit (TTM) | $3.47B | $4.53B |
| EBITDA (TTM) | $4.85B | $3.70B |
Correlation
The correlation between GOLD and NEM is 0.73, 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. NEM - Performance Comparison
In the year-to-date period, GOLD achieves a -8.94% return, which is significantly lower than NEM's -1.18% return. Over the past 10 years, GOLD has underperformed NEM with an annualized return of 1.15%, while NEM has yielded a comparatively higher 7.39% 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. NEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (GOLD) and Newmont Goldcorp 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.
Dividends
GOLD vs. NEM - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 2.44%, less than NEM's 3.57% 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% |
NEM Newmont Goldcorp Corporation | 3.57% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.58% | 0.65% | 0.36% | 0.54% | 1.16% | 5.23% |
Drawdowns
GOLD vs. NEM - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.52%, which is greater than NEM's maximum drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for GOLD and NEM. For additional features, visit the drawdowns tool.
Volatility
GOLD vs. NEM - Volatility Comparison
The current volatility for Barrick Gold Corporation (GOLD) is 10.56%, while Newmont Goldcorp Corporation (NEM) has a volatility of 14.89%. This indicates that GOLD experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
GOLD vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Barrick Gold Corporation and Newmont Goldcorp 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