LYC.AX vs. GLDM

Last updated Apr 1, 2026

Compare and contrast key facts about Lynas Rare Earths Limited (LYC.AX) and SPDR Gold MiniShares Trust (GLDM).

GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.

Performance

LYC.AX vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Lynas Rare Earths Limited (LYC.AX) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

LYC.AX vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LYC.AX Lynas Rare Earths Limited	52.41%	93.47%	-10.20%	-8.79%	-22.81%	155.53%	73.18%	47.00%	-31.97%
GLDM SPDR Gold MiniShares Trust	4.84%	52.28%	39.87%	13.13%	6.11%	1.62%	14.11%	18.65%	6.77%

Different Trading Currencies

LYC.AX is traded in AUD, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LYC.AX achieves a 52.41% return, which is significantly higher than GLDM's 4.84% return.

LYC.AX

• 1D: -3.85%
• 1M: -0.11%
• YTD: 52.41%
• 6M: 12.79%
• 1Y: 174.38%
• 3Y*: 44.07%
• 5Y*: 25.21%
• 10Y*: 37.78%

GLDM

• 1D: 2.84%
• 1M: -8.35%
• YTD: 4.84%
• 6M: 15.99%
• 1Y: 35.37%
• 3Y*: 31.86%
• 5Y*: 24.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LYC.AX vs. GLDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LYC.AX

LYC.AX Risk / Return Rank: 91
LYC.AX Sharpe Ratio Rank: 96
LYC.AX Sortino Ratio Rank: 93
LYC.AX Omega Ratio Rank: 92
LYC.AX Calmar Ratio Rank: 90
LYC.AX Martin Ratio Rank: 86

GLDM

GLDM Risk / Return Rank: 88
GLDM Sharpe Ratio Rank: 89
GLDM Sortino Ratio Rank: 86
GLDM Omega Ratio Rank: 86
GLDM Calmar Ratio Rank: 89
GLDM Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LYC.AX vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lynas Rare Earths Limited (LYC.AX) 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.

	LYC.AX	GLDM	Difference
Sharpe ratio Return per unit of total volatility	2.90	1.44	+1.45
Sortino ratio Return per unit of downside risk	3.23	1.87	+1.36
Omega ratio Gain probability vs. loss probability	1.42	1.28	+0.14
Calmar ratio Return relative to maximum drawdown	3.86	2.13	+1.73
Martin ratio Return relative to average drawdown	8.35	7.25	+1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYC.AX vs. GLDM - Sharpe Ratio Comparison

The current LYC.AX Sharpe Ratio is 2.90, which is higher than the GLDM Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of LYC.AX 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.

Sharpe Ratios by Period

	LYC.AX	GLDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	1.44	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	1.52	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.25	-1.24

Correlation

The correlation between LYC.AX and GLDM is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

LYC.AX vs. GLDM - Dividend Comparison

Neither LYC.AX nor GLDM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

LYC.AX vs. GLDM - Drawdown Comparison

The maximum LYC.AX drawdown since its inception was -99.61%, which is greater than GLDM's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for LYC.AX and GLDM.

Drawdown Indicators

	LYC.AX	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-99.61%	-21.63%	-77.98%
Max Drawdown (1Y) Largest decline over 1 year	-43.67%	-19.14%	-24.53%
Max Drawdown (5Y) Largest decline over 5 years	-51.45%	-20.92%	-30.53%
Max Drawdown (10Y) Largest decline over 10 years	-64.59%	—	—
Current Drawdown Current decline from peak	-26.07%	-13.19%	-12.88%
Average Drawdown Average peak-to-trough decline	-63.84%	-6.04%	-57.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.18%	5.16%	+15.02%

Volatility

LYC.AX vs. GLDM - Volatility Comparison

Lynas Rare Earths Limited (LYC.AX) has a higher volatility of 20.67% compared to SPDR Gold MiniShares Trust (GLDM) at 10.07%. This indicates that LYC.AX'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.

Volatility by Period

	LYC.AX	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.67%	10.07%	+10.60%
Volatility (6M) Calculated over the trailing 6-month period	47.35%	21.77%	+25.58%
Volatility (1Y) Calculated over the trailing 1-year period	60.05%	24.68%	+35.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.80%	16.03%	+29.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.29%	15.52%	+39.77%