IDCC vs. NEM
IDCC (InterDigital, Inc.) and NEM (Newmont Corporation) are both stocks. IDCC operates in Telecom Services (Communication Services), while NEM operates in Gold (Basic Materials). Over the past 10 years, IDCC returned 19.26%/yr vs 13.80%/yr for NEM. At a 0.07 correlation, their price movements are largely independent.
Performance
IDCC vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, IDCC achieves a -10.49% return, which is significantly lower than NEM's 0.82% return. Over the past 10 years, IDCC has outperformed NEM with an annualized return of 19.26%, while NEM has yielded a comparatively lower 13.80% annualized return.
IDCC
- 1D
- 2.56%
- 1M
- 5.00%
- YTD
- -10.49%
- 6M
- -19.56%
- 1Y
- 29.08%
- 3Y*
- 48.27%
- 5Y*
- 30.63%
- 10Y*
- 19.26%
NEM
- 1D
- 2.71%
- 1M
- -15.55%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 81.14%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
IDCC vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDCC InterDigital, Inc. | -10.49% | 66.05% | 81.06% | 123.67% | -29.25% | 20.49% | 14.28% | -16.11% | -11.23% | -15.34% |
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between IDCC and NEM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.07 |
The correlation between IDCC and NEM shifts across timeframes, from 0.07 (all time) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IDCC:
$10.51
NEM:
$6.34
IDCC:
27.00
NEM:
15.82
IDCC:
0.34
NEM:
0.41
IDCC:
11.93
NEM:
4.83
IDCC:
$828.92M
NEM:
$17.23B
IDCC:
$537.64M
NEM:
$8.97B
IDCC:
$508.15M
NEM:
$13.78B
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Return for Risk
IDCC vs. NEM — Risk / Return Rank
IDCC
NEM
IDCC vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InterDigital, Inc. (IDCC) 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.
| IDCC | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.78 | -1.98 |
| Martin ratioReturn relative to average drawdown | 1.92 | 7.58 | -5.66 |
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Drawdowns
IDCC vs. NEM - Drawdown Comparison
The maximum IDCC drawdown since its inception was -93.83%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for IDCC and NEM.
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Drawdown Indicators
| IDCC | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.83% | -81.30% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -36.48% | -29.39% | -7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -36.48% | -36.57% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -48.72% | -62.40% | +13.68% |
Max Drawdown (10Y)Largest decline over 10 years | -64.94% | -62.40% | -2.54% |
Current DrawdownCurrent decline from peak | -28.13% | -23.71% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -45.27% | -41.37% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.16% | 10.73% | +4.43% |
Volatility
IDCC vs. NEM - Volatility Comparison
The current volatility for InterDigital, Inc. (IDCC) is 11.82%, while Newmont Corporation (NEM) has a volatility of 15.74%. This indicates that IDCC 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
| IDCC | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.82% | 15.74% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 36.83% | 37.43% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.07% | 47.44% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.74% | 37.99% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.59% | 35.67% | -0.08% |
Dividends
IDCC vs. NEM - Dividend Comparison
IDCC's dividend yield for the trailing twelve months is around 0.95%, less than NEM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDCC InterDigital, Inc. | 0.95% | 0.74% | 0.85% | 1.34% | 2.83% | 1.95% | 2.31% | 2.57% | 2.11% | 1.64% | 0.99% | 1.63% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
IDCC vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between InterDigital, 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
IDCC and NEM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (15.74%) compared to IDCC (11.82%). In terms of maximum drawdown, IDCC dropped -93.83% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.73 vs 0.62), 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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