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LHX vs. GLDM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

LHX vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L3Harris Technologies, Inc. (LHX) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
12.18%
14.52%
LHX
GLDM

Returns By Period

In the year-to-date period, LHX achieves a 19.48% return, which is significantly lower than GLDM's 29.38% return.


LHX

YTD

19.48%

1M

1.16%

6M

12.18%

1Y

33.97%

5Y (annualized)

6.56%

10Y (annualized)

15.56%

GLDM

YTD

29.38%

1M

-2.83%

6M

14.52%

1Y

34.07%

5Y (annualized)

12.69%

10Y (annualized)

N/A

Key characteristics


LHXGLDM
Sharpe Ratio1.792.27
Sortino Ratio2.503.02
Omega Ratio1.331.39
Calmar Ratio1.214.14
Martin Ratio10.7713.36
Ulcer Index3.11%2.51%
Daily Std Dev18.71%14.73%
Max Drawdown-65.67%-21.63%
Current Drawdown-6.23%-4.16%

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Correlation

-0.50.00.51.00.1

The correlation between LHX and GLDM is 0.05, 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.

Risk-Adjusted Performance

LHX vs. GLDM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and SPDR Gold MiniShares Trust (GLDM). 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.


Sharpe ratio
The chart of Sharpe ratio for LHX, currently valued at 1.79, compared to the broader market-4.00-2.000.002.004.001.792.27
The chart of Sortino ratio for LHX, currently valued at 2.50, compared to the broader market-4.00-2.000.002.004.002.503.02
The chart of Omega ratio for LHX, currently valued at 1.33, compared to the broader market0.501.001.502.001.331.39
The chart of Calmar ratio for LHX, currently valued at 1.21, compared to the broader market0.002.004.006.001.214.14
The chart of Martin ratio for LHX, currently valued at 10.77, compared to the broader market0.0010.0020.0030.0010.7713.36
LHX
GLDM

The current LHX Sharpe Ratio is 1.79, which is comparable to the GLDM Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of LHX and GLDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.79
2.27
LHX
GLDM

Dividends

LHX vs. GLDM - Dividend Comparison

LHX's dividend yield for the trailing twelve months is around 1.88%, while GLDM has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
LHX
L3Harris Technologies, Inc.
1.88%2.17%2.15%1.91%1.80%1.45%1.86%1.55%2.01%2.23%2.48%2.26%
GLDM
SPDR Gold MiniShares Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

LHX vs. GLDM - Drawdown Comparison

The maximum LHX drawdown since its inception was -65.67%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for LHX and GLDM. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-6.23%
-4.16%
LHX
GLDM

Volatility

LHX vs. GLDM - Volatility Comparison

L3Harris Technologies, Inc. (LHX) has a higher volatility of 8.16% compared to SPDR Gold MiniShares Trust (GLDM) at 5.60%. This indicates that LHX's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
8.16%
5.60%
LHX
GLDM