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. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
GOLD vs. NEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOLD achieves a 22.50% return, which is significantly higher than NEM's -5.74% return.
GOLD
- 1D
- -1.71%
- 1M
- -2.75%
- 6M
- -19.55%
- YTD
- 22.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NEM
- 1D
- -2.14%
- 1M
- -3.43%
- 6M
- -16.23%
- YTD
- -5.74%
- 1Y
- 51.31%
- 3Y*
- 33.89%
- 5Y*
- 11.52%
- 10Y*
- 10.07%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.90M | $15.32M | $19.34M | |
| $671.95M | $683.19M | $803.32M |
GOLD vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOLD Barrick Mining Corporation | 22.50% | 13.01% |
NEM Newmont Corporation | -5.74% | 8.73% |
Correlation
The correlation between GOLD and NEM is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.56 |
Fundamentals
GOLD:
$1.20B
NEM:
$98.74B
GOLD:
$3.15
NEM:
$7.88
GOLD:
13.12
NEM:
11.89
GOLD:
0.05
NEM:
5.34
GOLD:
1.29
NEM:
2.82
GOLD:
$23.02B
NEM:
$19.13B
GOLD:
$169.58M
NEM:
$10.94B
GOLD:
-$162.41M
NEM:
$14.81B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.64 | — |
| Martin ratioReturn relative to average drawdown | — | 3.61 | — |
Loading charts...
Drawdowns
GOLD vs. NEM - Drawdown Comparison
The maximum GOLD drawdown since its inception was -40.93%, 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.
Loading charts...
Drawdown Indicators
| GOLD | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.93% | -81.30% | +40.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.10% | — |
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 | -34.97% | -28.67% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -41.33% | +19.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.57% | — |
Volatility
GOLD vs. NEM - Volatility Comparison
Loading charts...
Volatility by Period
| GOLD | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.58% | 47.45% | +8.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.58% | 38.35% | +17.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.58% | 35.74% | +19.84% |
Dividends
GOLD vs. NEM - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 0.97%, less than NEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Mining Corporation | 0.97% | 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 | 1.09% | 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 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GOLD and NEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer