GOLDX vs. ^TNX
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and Treasury Yield 10 Years (^TNX).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLDX or ^TNX.
Performance
GOLDX vs. ^TNX - Performance Comparison
Returns By Period
In the year-to-date period, GOLDX achieves a 23.83% return, which is significantly higher than ^TNX's 13.97% return. Over the past 10 years, GOLDX has outperformed ^TNX with an annualized return of 7.76%, while ^TNX has yielded a comparatively lower 6.67% annualized return.
GOLDX
23.83%
-11.24%
10.40%
33.63%
9.11%
7.76%
^TNX
13.97%
5.36%
-0.63%
-0.27%
20.04%
6.67%
Key characteristics
| GOLDX | ^TNX | |
|---|---|---|
| Sharpe Ratio | 1.36 | -0.02 |
| Sortino Ratio | 1.93 | 0.15 |
| Omega Ratio | 1.24 | 1.02 |
| Calmar Ratio | 0.61 | -0.01 |
| Martin Ratio | 5.16 | -0.03 |
| Ulcer Index | 7.09% | 11.02% |
| Daily Std Dev | 26.89% | 22.96% |
| Max Drawdown | -79.86% | -93.78% |
| Current Drawdown | -41.29% | -45.08% |
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Correlation
The correlation between GOLDX and ^TNX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
GOLDX vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
GOLDX vs. ^TNX - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -79.86%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for GOLDX and ^TNX. For additional features, visit the drawdowns tool.
Volatility
GOLDX vs. ^TNX - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 8.80% compared to Treasury Yield 10 Years (^TNX) at 5.78%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.