IDXX vs. NEM
IDXX (IDEXX Laboratories, Inc.) and NEM (Newmont Corporation) are both stocks. IDXX operates in Diagnostics & Research (Healthcare), while NEM operates in Gold (Basic Materials). Over the past 10 years, IDXX returned 20.23%/yr vs 13.46%/yr for NEM. At a 0.09 correlation, their price movements are largely independent.
Performance
IDXX vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, IDXX achieves a -17.05% return, which is significantly lower than NEM's -0.43% return. Over the past 10 years, IDXX has outperformed NEM with an annualized return of 20.23%, while NEM has yielded a comparatively lower 13.46% annualized return.
IDXX
- 1D
- -0.18%
- 1M
- 0.19%
- YTD
- -17.05%
- 6M
- -20.59%
- 1Y
- 6.91%
- 3Y*
- 7.57%
- 5Y*
- -0.19%
- 10Y*
- 20.23%
NEM
- 1D
- -0.72%
- 1M
- -14.84%
- YTD
- -0.43%
- 6M
- 11.71%
- 1Y
- 91.07%
- 3Y*
- 36.63%
- 5Y*
- 10.33%
- 10Y*
- 13.46%
IDXX vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, Inc. | -17.05% | 63.63% | -25.51% | 36.06% | -38.04% | 31.73% | 91.43% | 40.38% | 18.95% | 33.35% |
NEM Newmont Corporation | -0.43% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between IDXX and NEM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1991 | 0.09 |
Fundamentals
IDXX:
$18.08
NEM:
$6.34
IDXX:
31.04
NEM:
15.62
IDXX:
2.68
NEM:
0.41
IDXX:
7.65
NEM:
4.77
IDXX:
$4.45B
NEM:
$17.23B
IDXX:
$2.76B
NEM:
$8.97B
IDXX:
$1.52B
NEM:
$13.78B
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Return for Risk
IDXX vs. NEM — Risk / Return Rank
IDXX
NEM
IDXX vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDEXX Laboratories, Inc. (IDXX) 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.
| IDXX | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 3.36 | -3.14 |
| Martin ratioReturn relative to average drawdown | 0.46 | 8.94 | -8.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDXX | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 1.96 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.27 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.38 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.12 | +0.38 |
Drawdowns
IDXX vs. NEM - Drawdown Comparison
The maximum IDXX drawdown since its inception was -81.42%, roughly equal to the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for IDXX and NEM.
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Drawdown Indicators
| IDXX | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -81.30% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -31.04% | -27.25% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -37.41% | -36.57% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -54.00% | -62.40% | +8.40% |
Max Drawdown (10Y)Largest decline over 10 years | -54.00% | -62.40% | +8.40% |
Current DrawdownCurrent decline from peak | -26.81% | -24.65% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -41.38% | +20.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.03% | 10.22% | +4.81% |
Volatility
IDXX vs. NEM - Volatility Comparison
The current volatility for IDEXX Laboratories, Inc. (IDXX) is 8.57%, while Newmont Corporation (NEM) has a volatility of 14.19%. This indicates that IDXX 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
| IDXX | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 14.19% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 36.93% | -17.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.46% | 46.87% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.28% | 37.83% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 35.59% | -2.58% |
Dividends
IDXX vs. NEM - Dividend Comparison
IDXX has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, 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 | 1.03% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
IDXX vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between IDEXX Laboratories, 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
IDXX and NEM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (14.19%) compared to IDXX (8.57%). In terms of maximum drawdown, IDXX dropped -81.42% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.96 vs 0.17), 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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