GOLD vs. PAAA

Last updated Aug 6, 2026

GOLD (Barrick Mining Corporation) is a stock, while PAAA (PGIM AAA CLO ETF) is CLO fund actively managed by PGIM. Their 0.06 correlation means their historical movements had little consistent relationship.

Performance

GOLD vs. PAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrick Mining Corporation (GOLD) and PGIM AAA CLO ETF (PAAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOLD achieves a 28.34% return, which is significantly higher than PAAA's 2.80% return.

GOLD

• 1D: 1.50%
• 1M: -1.63%
• 6M: -15.12%
• YTD: 28.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PAAA

• 1D: 0.02%
• 1M: 0.35%
• 6M: 2.20%
• YTD: 2.80%
• 1Y: 4.94%
• 3Y*: 6.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOLD Barrick Mining Corporation	$14.71M	$15.51M	$18.70M
PAAA PGIM AAA CLO ETF	$93.57M	$105.74M	$98.69M

GOLD vs. PAAA - Yearly Performance Comparison

	2026 (YTD)	2025
GOLD Barrick Mining Corporation	28.34%	13.01%
PAAA PGIM AAA CLO ETF	2.80%	0.45%

Correlation

The correlation between GOLD and PAAA is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.06

Return for Risk

GOLD vs. PAAA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PAAA

PAAA Risk / Return Rank: 99
PAAA Sharpe Ratio Rank: 100
PAAA Sortino Ratio Rank: 99
PAAA Omega Ratio Rank: 99
PAAA Calmar Ratio Rank: 99
PAAA Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOLD vs. PAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (GOLD) and PGIM AAA CLO ETF (PAAA). 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	PAAA	Difference
Sharpe ratio: Return per unit of total volatility	—	10.73	—
Sortino ratio: Return per unit of downside risk	—	20.65	—
Omega ratio: Gain probability vs. loss probability	—	6.45	—
Calmar ratio: Return relative to maximum drawdown	—	28.50	—
Martin ratio: Return relative to average drawdown	—	176.71	—

Drawdowns

GOLD vs. PAAA - Drawdown Comparison

The maximum GOLD drawdown since its inception was -40.93%, which is greater than PAAA's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for GOLD and PAAA.

Drawdown Indicators

	GOLD	PAAA	Difference
Max Drawdown Largest peak-to-trough decline	-40.93%	-1.04%	-39.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.04%	—
Current Drawdown Current decline from peak	-31.87%	0.00%	-31.87%
Average Drawdown Average peak-to-trough decline	-21.69%	-0.02%	-21.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	GOLD	PAAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	55.15%	0.46%	+54.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	0.95%	+54.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.15%	0.95%	+54.20%

Dividends

GOLD vs. PAAA - Dividend Comparison

GOLD's dividend yield for the trailing twelve months is around 0.92%, less than PAAA's 4.80% yield.

Position	TTM	2025	2024	2023
GOLD Barrick Mining Corporation	0.92%	0.00%	0.00%	0.00%
PAAA PGIM AAA CLO ETF	4.80%	5.12%	5.88%	2.76%

Frequently Asked Questions

Can I hold both GOLD and PAAA in my portfolio?

GOLD and PAAA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.