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.
Correlation
The correlation between HL and GDX is 0.24, 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
HL vs. GDX - Performance Comparison
Key characteristics
HL:
-0.09
GDX:
1.32
HL:
0.51
GDX:
2.00
HL:
1.06
GDX:
1.25
HL:
0.05
GDX:
1.11
HL:
0.19
GDX:
5.28
HL:
20.86%
GDX:
9.32%
HL:
58.65%
GDX:
33.82%
HL:
-97.96%
GDX:
-80.57%
HL:
-77.38%
GDX:
-14.07%
Returns By Period
In the year-to-date period, HL achieves a 4.96% return, which is significantly lower than GDX's 48.54% return. Over the past 10 years, HL has underperformed GDX with an annualized return of 5.55%, while GDX has yielded a comparatively higher 10.64% annualized return.
HL
4.96%
-2.46%
-9.83%
-5.24%
14.76%
5.55%
GDX
48.54%
11.96%
30.60%
44.12%
9.12%
10.64%
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Risk-Adjusted Performance
HL vs. GDX — Risk-Adjusted Performance Rank
HL
GDX
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 0.74%, less than GDX's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.74% | 0.81% | 0.50% | 0.40% | 0.71% | 0.28% | 0.35% | 0.51% | 0.30% | 0.28% | 0.63% | 0.43% |
GDX VanEck Vectors Gold Miners ETF | 0.80% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
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 23.52% compared to VanEck Vectors Gold Miners ETF (GDX) at 12.53%. 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.