HL vs. GDX
Compare and contrast key facts about Hecla Mining Company (HL) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HL or GDX.
Key characteristics
| HL | GDX | |
|---|---|---|
| YTD Return | 16.99% | 15.19% |
| 1Y Return | 32.89% | 28.79% |
| 3Y Return (Ann) | -3.31% | 2.49% |
| 5Y Return (Ann) | 19.21% | 7.32% |
| 10Y Return (Ann) | 8.71% | 7.32% |
| Sharpe Ratio | 0.61 | 0.88 |
| Sortino Ratio | 1.25 | 1.37 |
| Omega Ratio | 1.14 | 1.16 |
| Calmar Ratio | 0.39 | 0.50 |
| Martin Ratio | 2.21 | 3.65 |
| Ulcer Index | 14.87% | 7.71% |
| Daily Std Dev | 53.82% | 31.87% |
| Max Drawdown | -97.96% | -80.57% |
| Current Drawdown | -75.62% | -39.77% |
Correlation
The correlation between HL and GDX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HL vs. GDX - Performance Comparison
In the year-to-date period, HL achieves a 16.99% return, which is significantly higher than GDX's 15.19% return. Over the past 10 years, HL has outperformed GDX with an annualized return of 8.71%, while GDX has yielded a comparatively lower 7.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HL vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
HL vs. GDX - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.57%, less than GDX's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.57% | 0.50% | 0.40% | 0.71% | 0.28% | 0.35% | 0.51% | 0.30% | 0.28% | 0.63% | 0.43% | 0.71% |
GDX VanEck Vectors Gold Miners ETF | 1.40% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
HL vs. GDX - Drawdown Comparison
The maximum HL drawdown since its inception was -97.96%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for HL and GDX. For additional features, visit the drawdowns tool.
Volatility
HL vs. GDX - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 15.04% compared to VanEck Vectors Gold Miners ETF (GDX) at 10.35%. This indicates that HL's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.