IG.MI vs. NEM
IG.MI (Italgas SpA) and NEM (Newmont Goldcorp Corporation) are both stocks. IG.MI operates in Utilities - Regulated Gas (Utilities), while NEM operates in Gold (Basic Materials). Over the past 5 years, IG.MI returned 17.70%/yr vs 12.75%/yr for NEM. At a 0.08 correlation, their price movements are largely independent.
Performance
IG.MI vs. NEM - Performance Comparison
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Different Trading Currencies
IG.MI is traded in EUR, while NEM is traded in USD. To make them comparable, the NEM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IG.MI achieves a 8.46% return, which is significantly lower than NEM's 9.40% return.
IG.MI
- 1D
- 0.67%
- 1M
- 2.48%
- YTD
- 8.46%
- 6M
- 9.03%
- 1Y
- 48.49%
- 3Y*
- 27.50%
- 5Y*
- 17.70%
- 10Y*
- —
NEM
- 1D
- -1.64%
- 1M
- 0.15%
- YTD
- 9.40%
- 6M
- 21.06%
- 1Y
- 92.36%
- 3Y*
- 36.02%
- 5Y*
- 12.75%
- 10Y*
- 14.29%
IG.MI vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IG.MI Italgas SpA | 8.46% | 84.30% | 10.38% | 4.55% | -10.83% | 21.18% | -0.30% | 12.75% | 1.66% | 41.15% |
NEM Newmont Goldcorp Corporation | 9.40% | 140.44% | -1.75% | -11.50% | -15.86% | 15.44% | 28.72% | 33.47% | -1.74% | -2.72% |
Correlation
The correlation between IG.MI 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2016 | 0.08 |
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Return for Risk
IG.MI vs. NEM — Risk / Return Rank
IG.MI
NEM
IG.MI vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Italgas SpA (IG.MI) and Newmont Goldcorp 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.
| IG.MI | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.33 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.74 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.57 | 10.49 | +0.08 |
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
| IG.MI | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.07 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.36 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.22 | +0.44 |
Drawdowns
IG.MI vs. NEM - Drawdown Comparison
The maximum IG.MI drawdown since its inception was -34.67%, smaller than the maximum NEM drawdown of -71.34%. Use the drawdown chart below to compare losses from any high point for IG.MI and NEM.
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Drawdown Indicators
| IG.MI | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -71.34% | +36.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -24.83% | +11.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -34.18% | +18.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -62.64% | +36.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -7.69% | -15.75% | +8.06% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -30.52% | +22.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 8.84% | -4.25% |
Volatility
IG.MI vs. NEM - Volatility Comparison
The current volatility for Italgas SpA (IG.MI) is 5.23%, while Newmont Goldcorp Corporation (NEM) has a volatility of 12.13%. This indicates that IG.MI 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
| IG.MI | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 12.13% | -6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 34.61% | -18.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 44.75% | -25.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 35.92% | -15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 34.17% | -11.59% |
Dividends
IG.MI vs. NEM - Dividend Comparison
IG.MI's dividend yield for the trailing twelve months is around 4.37%, more than NEM's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IG.MI Italgas SpA | 4.37% | 3.53% | 5.39% | 5.07% | 4.71% | 3.79% | 4.08% | 3.56% | 3.45% | 3.25% | 0.00% | 0.00% |
NEM Newmont Goldcorp Corporation | 0.95% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
IG.MI vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Italgas SpA and Newmont Goldcorp 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
IG.MI 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.
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