HOC.L vs. GDX
Compare and contrast key facts about Hochschild Mining plc (HOC.L) 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: HOC.L or GDX.
Key characteristics
| HOC.L | GDX | |
|---|---|---|
| YTD Return | 118.49% | 24.60% |
| 1Y Return | 126.31% | 37.37% |
| 3Y Return (Ann) | 17.52% | 7.48% |
| 5Y Return (Ann) | 6.47% | 9.45% |
| 10Y Return (Ann) | 12.11% | 8.60% |
| Sharpe Ratio | 2.77 | 1.10 |
| Sortino Ratio | 3.30 | 1.64 |
| Omega Ratio | 1.40 | 1.19 |
| Calmar Ratio | 1.51 | 0.61 |
| Martin Ratio | 13.52 | 4.75 |
| Ulcer Index | 9.24% | 7.31% |
| Daily Std Dev | 45.08% | 31.71% |
| Max Drawdown | -93.29% | -80.57% |
| Current Drawdown | -53.22% | -34.85% |
Correlation
The correlation between HOC.L and GDX is 0.37, 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
HOC.L vs. GDX - Performance Comparison
In the year-to-date period, HOC.L achieves a 118.49% return, which is significantly higher than GDX's 24.60% return. Over the past 10 years, HOC.L has outperformed GDX with an annualized return of 12.11%, while GDX has yielded a comparatively lower 8.60% 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
HOC.L vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hochschild Mining plc (HOC.L) 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
HOC.L vs. GDX - Dividend Comparison
HOC.L has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOC.L Hochschild Mining plc | 0.00% | 0.00% | 6.05% | 3.30% | 3.05% | 2.16% | 2.52% | 0.90% | 0.50% | 0.00% | 0.00% | 1.37% |
GDX VanEck Vectors Gold Miners ETF | 1.29% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
HOC.L vs. GDX - Drawdown Comparison
The maximum HOC.L drawdown since its inception was -93.29%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for HOC.L and GDX. For additional features, visit the drawdowns tool.
Volatility
HOC.L vs. GDX - Volatility Comparison
Hochschild Mining plc (HOC.L) has a higher volatility of 14.34% compared to VanEck Vectors Gold Miners ETF (GDX) at 8.68%. This indicates that HOC.L'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.