GRMN vs. NEM
GRMN (Garmin Ltd.) and NEM (Newmont Corporation) are both stocks. GRMN operates in Scientific & Technical Instruments (Technology), while NEM operates in Gold (Basic Materials). Over the past 10 years, GRMN returned 21.88%/yr vs 13.46%/yr for NEM. At a 0.14 correlation, their price movements are largely independent.
Performance
GRMN vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, GRMN achieves a 16.41% return, which is significantly higher than NEM's -0.43% return. Over the past 10 years, GRMN has outperformed NEM with an annualized return of 21.88%, while NEM has yielded a comparatively lower 13.46% annualized return.
GRMN
- 1D
- -0.57%
- 1M
- -2.02%
- YTD
- 16.41%
- 6M
- 17.82%
- 1Y
- 15.26%
- 3Y*
- 33.20%
- 5Y*
- 13.00%
- 10Y*
- 21.88%
NEM
- 1D
- -0.72%
- 1M
- -14.84%
- YTD
- -0.43%
- 6M
- 11.71%
- 1Y
- 91.07%
- 3Y*
- 36.63%
- 5Y*
- 10.33%
- 10Y*
- 13.46%
GRMN vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 16.41% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
NEM Newmont Corporation | -0.43% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between GRMN and NEM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2000 | 0.14 |
Fundamentals
GRMN:
$8.97
NEM:
$6.34
GRMN:
26.23
NEM:
15.62
GRMN:
2.11
NEM:
0.41
GRMN:
6.10
NEM:
4.77
GRMN:
$7.46B
NEM:
$17.23B
GRMN:
$4.41B
NEM:
$8.97B
GRMN:
$2.26B
NEM:
$13.78B
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Return for Risk
GRMN vs. NEM — Risk / Return Rank
GRMN
NEM
GRMN vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Garmin Ltd. (GRMN) 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.
| GRMN | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.32 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 3.36 | -2.81 |
| Martin ratioReturn relative to average drawdown | 1.20 | 8.94 | -7.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRMN | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.96 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.27 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.38 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.12 | +0.32 |
Drawdowns
GRMN vs. NEM - Drawdown Comparison
The maximum GRMN drawdown since its inception was -87.71%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for GRMN and NEM.
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Drawdown Indicators
| GRMN | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -81.30% | -6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -27.25% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -36.57% | +8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -54.63% | -62.40% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -54.63% | -62.40% | +7.77% |
Current DrawdownCurrent decline from peak | -12.07% | -24.65% | +12.58% |
Average DrawdownAverage peak-to-trough decline | -31.53% | -41.38% | +9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.71% | 10.22% | +2.49% |
Volatility
GRMN vs. NEM - Volatility Comparison
The current volatility for Garmin Ltd. (GRMN) is 7.87%, while Newmont Corporation (NEM) has a volatility of 14.19%. This indicates that GRMN 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.
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Volatility by Period
| GRMN | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 14.19% | -6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 36.93% | -14.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.12% | 46.87% | -16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.38% | 37.83% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.34% | 35.59% | -7.25% |
Dividends
GRMN vs. NEM - Dividend Comparison
GRMN's dividend yield for the trailing twelve months is around 1.53%, more than NEM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 1.53% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
NEM Newmont Corporation | 1.03% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
GRMN vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Garmin Ltd. 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
GRMN and NEM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (14.19%) compared to GRMN (7.87%). In terms of maximum drawdown, GRMN dropped -87.71% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.96 vs 0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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