LYC.AX vs. GLDM
LYC.AX (Lynas Rare Earths Limited) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, LYC.AX returned 29.08%/yr vs 20.47%/yr for GLDM. At a correlation of -0.04, they often move in opposite directions.
Performance
LYC.AX vs. GLDM - Performance Comparison
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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 56.67% return, which is significantly higher than GLDM's -3.59% return.
LYC.AX
- 1D
- 2.80%
- 1M
- 3.12%
- YTD
- 56.67%
- 6M
- 33.40%
- 1Y
- 144.54%
- 3Y*
- 36.70%
- 5Y*
- 29.08%
- 10Y*
- 40.70%
GLDM
- 1D
- -0.50%
- 1M
- -1.09%
- YTD
- -3.59%
- 6M
- -2.22%
- 1Y
- 20.10%
- 3Y*
- 28.19%
- 5Y*
- 20.47%
- 10Y*
- —
LYC.AX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LYC.AX Lynas Rare Earths Limited | 56.67% | 93.47% | -10.20% | -8.79% | -22.81% | 155.53% | 73.18% | 47.00% | -31.97% |
GLDM SPDR Gold MiniShares Trust | -3.59% | 52.28% | 39.87% | 13.13% | 6.11% | 1.62% | 14.11% | 18.65% | 6.77% |
Correlation
The correlation between LYC.AX and GLDM is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | -0.04 |
The correlation between LYC.AX and GLDM shifts across timeframes, from -0.04 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LYC.AX vs. GLDM — Risk / Return Rank
LYC.AX
GLDM
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 ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.07 | +2.20 |
| Martin ratioReturn relative to average drawdown | 6.99 | 2.51 | +4.48 |
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
| LYC.AX | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.84 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.27 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.14 | -1.10 |
Drawdowns
LYC.AX vs. GLDM - Drawdown Comparison
The maximum LYC.AX drawdown since its inception was -98.77%, 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.
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Drawdown Indicators
| LYC.AX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.77% | -23.08% | -75.69% |
Max Drawdown (1Y)Largest decline over 1 year | -43.67% | -18.90% | -24.77% |
Max Drawdown (3Y)Largest decline over 3 years | -43.67% | -18.90% | -24.77% |
Max Drawdown (5Y)Largest decline over 5 years | -51.45% | -18.90% | -32.55% |
Max Drawdown (10Y)Largest decline over 10 years | -64.59% | — | — |
Current DrawdownCurrent decline from peak | -24.00% | -18.56% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -63.63% | -5.98% | -57.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.52% | 8.03% | +12.49% |
Volatility
LYC.AX vs. GLDM - Volatility Comparison
Lynas Rare Earths Limited (LYC.AX) has a higher volatility of 15.52% compared to SPDR Gold MiniShares Trust (GLDM) at 4.32%. 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.
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Volatility by Period
| LYC.AX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.52% | 4.32% | +11.20% |
Volatility (6M)Calculated over the trailing 6-month period | 42.79% | 20.24% | +22.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.95% | 23.92% | +37.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.13% | 16.23% | +29.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.29% | 15.55% | +39.74% |
Dividends
LYC.AX vs. GLDM - Dividend Comparison
Neither LYC.AX nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
LYC.AX and GLDM have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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