GSAT vs. NEM
GSAT (Globalstar, Inc.) and NEM (Newmont Corporation) are both stocks. GSAT operates in Telecom Services (Communication Services), while NEM operates in Gold (Basic Materials). Over the past 10 years, GSAT returned 16.98%/yr vs 12.89%/yr for NEM. At a 0.08 correlation, their price movements are largely independent.
Performance
GSAT vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, GSAT achieves a 30.91% return, which is significantly higher than NEM's -1.59% return. Over the past 10 years, GSAT has outperformed NEM with an annualized return of 16.98%, while NEM has yielded a comparatively lower 12.89% annualized return.
GSAT
- 1D
- 0.13%
- 1M
- -3.72%
- YTD
- 30.91%
- 6M
- 25.35%
- 1Y
- 235.90%
- 3Y*
- 76.37%
- 5Y*
- 25.08%
- 10Y*
- 16.98%
NEM
- 1D
- -3.89%
- 1M
- -8.89%
- YTD
- -1.59%
- 6M
- -6.63%
- 1Y
- 66.30%
- 3Y*
- 35.97%
- 5Y*
- 12.67%
- 10Y*
- 12.89%
GSAT vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSAT Globalstar, Inc. | 30.91% | 96.59% | 6.70% | 45.86% | 14.66% | 242.59% | -34.88% | -18.71% | -51.17% | -17.09% |
NEM Newmont Corporation | -1.59% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between GSAT and NEM is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2006 | 0.08 |
Over the past year, GSAT and NEM have become more correlated (0.36) than their long-term average of 0.08, meaning their price movements have been converging.
Fundamentals
GSAT:
-$0.11
NEM:
$6.34
GSAT:
36.01
NEM:
4.71
GSAT:
$283.02M
NEM:
$17.23B
GSAT:
$95.43M
NEM:
$8.97B
GSAT:
$69.56M
NEM:
$13.78B
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Return for Risk
GSAT vs. NEM — Risk / Return Rank
GSAT
NEM
GSAT vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Globalstar, Inc. (GSAT) 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.
| GSAT | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 8.95 | 2.27 | +6.68 |
| Martin ratioReturn relative to average drawdown | 21.85 | 5.93 | +15.92 |
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Drawdowns
GSAT vs. NEM - Drawdown Comparison
The maximum GSAT drawdown since its inception was -99.14%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for GSAT and NEM.
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Drawdown Indicators
| GSAT | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -81.30% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -26.53% | -29.39% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -50.72% | -36.57% | -14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -67.54% | -62.40% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -89.34% | -62.40% | -26.94% |
Current DrawdownCurrent decline from peak | -69.59% | -25.53% | -44.06% |
Average DrawdownAverage peak-to-trough decline | -88.35% | -41.36% | -46.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 11.22% | -0.37% |
Volatility
GSAT vs. NEM - Volatility Comparison
The current volatility for Globalstar, Inc. (GSAT) is 4.59%, while Newmont Corporation (NEM) has a volatility of 15.78%. This indicates that GSAT 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
| GSAT | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 15.78% | -11.19% |
Volatility (6M)Calculated over the trailing 6-month period | 41.07% | 37.82% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.64% | 47.80% | +21.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.64% | 38.04% | +39.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.78% | 35.71% | +54.07% |
Dividends
GSAT vs. NEM - Dividend Comparison
GSAT has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSAT Globalstar, Inc. | 0.00% | 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 | 1.04% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
GSAT vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Globalstar, Inc. 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
GSAT and NEM have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (15.78%) compared to GSAT (4.59%). In terms of maximum drawdown, GSAT dropped -99.14% vs NEM's -81.30%.
GSAT currently has the higher Sharpe Ratio (3.41 vs 1.40), 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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