KLAC vs. GDX
KLAC (KLA Corporation) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Over the past 10 years, KLAC returned 45.08%/yr vs 13.29%/yr for GDX. At a 0.16 correlation, their price movements are largely independent.
Performance
KLAC vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, KLAC achieves a 110.02% return, which is significantly higher than GDX's -6.69% return. Over the past 10 years, KLAC has outperformed GDX with an annualized return of 45.08%, while GDX has yielded a comparatively lower 13.29% annualized return.
KLAC
- 1D
- 5.55%
- 1M
- 37.79%
- YTD
- 110.02%
- 6M
- 113.75%
- 1Y
- 192.78%
- 3Y*
- 75.88%
- 5Y*
- 52.93%
- 10Y*
- 45.08%
GDX
- 1D
- 2.97%
- 1M
- -16.83%
- YTD
- -6.69%
- 6M
- -5.89%
- 1Y
- 50.59%
- 3Y*
- 38.96%
- 5Y*
- 17.51%
- 10Y*
- 13.29%
KLAC vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KLAC KLA Corporation | 110.02% | 94.48% | 9.36% | 56.05% | -11.20% | 68.05% | 47.94% | 103.99% | -12.49% | 36.80% |
GDX VanEck Gold Miners ETF | -6.69% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between KLAC and GDX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 22, 2006 | 0.16 |
The correlation between KLAC and GDX shifts across timeframes, from 0.14 (10 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KLAC vs. GDX — Risk / Return Rank
KLAC
GDX
KLAC vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KLA Corporation (KLAC) and VanEck 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.
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.
| KLAC | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.21 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 8.66 | 1.40 | +7.26 |
| Martin ratioReturn relative to average drawdown | 27.54 | 3.87 | +23.67 |
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Drawdowns
KLAC vs. GDX - Drawdown Comparison
The maximum KLAC drawdown since its inception was -83.74%, roughly equal to the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for KLAC and GDX.
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Drawdown Indicators
| KLAC | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.74% | -80.34% | -3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -22.41% | -36.28% | +13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -34.95% | -36.28% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -40.28% | -46.51% | +6.23% |
Max Drawdown (10Y)Largest decline over 10 years | -40.28% | -49.79% | +9.51% |
Current DrawdownCurrent decline from peak | 0.00% | -30.91% | +30.91% |
Average DrawdownAverage peak-to-trough decline | -29.32% | -40.41% | +11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 13.11% | -6.08% |
Volatility
KLAC vs. GDX - Volatility Comparison
KLA Corporation (KLAC) has a higher volatility of 22.17% compared to VanEck Gold Miners ETF (GDX) at 17.20%. This indicates that KLAC'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.
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Volatility by Period
| KLAC | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.17% | 17.20% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 42.02% | 39.15% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.38% | 46.89% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.88% | 36.74% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.86% | 37.34% | +4.52% |
Dividends
KLAC vs. GDX - Dividend Comparison
KLAC's dividend yield for the trailing twelve months is around 0.31%, less than GDX's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.79% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
KLAC KLA Corporation | 0.31% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
Frequently Asked Questions
KLAC and GDX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLAC has higher volatility (22.17%) compared to GDX (17.20%). In terms of maximum drawdown, KLAC dropped -83.74% vs GDX's -80.34%.
KLAC currently has the higher Sharpe Ratio (3.93 vs 1.09), 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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