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.
Correlation
The correlation between GOLDX and ^TNX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOLDX vs. ^TNX - Performance Comparison
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Key characteristics
GOLDX:
1.27
^TNX:
0.07
GOLDX:
1.88
^TNX:
0.15
GOLDX:
1.26
^TNX:
1.02
GOLDX:
0.85
^TNX:
-0.00
GOLDX:
5.43
^TNX:
-0.01
GOLDX:
7.80%
^TNX:
10.63%
GOLDX:
30.82%
^TNX:
22.01%
GOLDX:
-79.86%
^TNX:
-93.78%
GOLDX:
-24.47%
^TNX:
-44.65%
Returns By Period
In the year-to-date period, GOLDX achieves a 38.62% return, which is significantly higher than ^TNX's -2.89% return. Over the past 10 years, GOLDX has outperformed ^TNX with an annualized return of 10.34%, while ^TNX has yielded a comparatively lower 6.98% annualized return.
GOLDX
38.62%
-8.15%
31.67%
38.78%
15.49%
7.09%
10.34%
^TNX
-2.89%
2.49%
0.61%
0.48%
14.38%
47.32%
6.98%
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Risk-Adjusted Performance
GOLDX vs. ^TNX — Risk-Adjusted Performance Rank
GOLDX
^TNX
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.
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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.
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Volatility
GOLDX vs. ^TNX - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 12.60% compared to Treasury Yield 10 Years (^TNX) at 5.69%. 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.
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