MCK vs. NEM

Last updated Jun 13, 2026

MCK (McKesson Corporation) and NEM (Newmont Corporation) are both stocks. MCK operates in Medical Distribution (Healthcare), while NEM operates in Gold (Basic Materials). Over the past 10 years, MCK returned 16.64%/yr vs 13.80%/yr for NEM. At a 0.06 correlation, their price movements are largely independent.

Performance

MCK vs. NEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in McKesson Corporation (MCK) and Newmont Corporation (NEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCK achieves a -4.23% return, which is significantly lower than NEM's 0.82% return. Over the past 10 years, MCK has outperformed NEM with an annualized return of 16.64%, while NEM has yielded a comparatively lower 13.80% annualized return.

MCK

• 1D: -0.40%
• 1M: 3.20%
• YTD: -4.23%
• 6M: -3.47%
• 1Y: 8.11%
• 3Y*: 26.04%
• 5Y*: 32.74%
• 10Y*: 16.64%

NEM

• 1D: 2.71%
• 1M: -7.88%
• YTD: 0.82%
• 6M: 2.58%
• 1Y: 74.95%
• 3Y*: 36.14%
• 5Y*: 10.51%
• 10Y*: 13.80%

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

MCK vs. NEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCK McKesson Corporation	-4.23%	44.54%	23.67%	24.13%	51.82%	44.23%	27.06%	26.72%	-28.40%	11.95%
NEM Newmont Corporation	0.82%	172.82%	-7.83%	-8.76%	-20.77%	7.40%	40.28%	30.52%	-6.15%	10.91%

Correlation

The correlation between MCK and NEM is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Nov 15, 1994	0.06

Fundamentals

EPS MCK : $38.38 NEM : $6.34
PE Ratio MCK : 20.43 NEM : 15.82
PEG Ratio MCK : 0.27 NEM : 0.41
PS Ratio MCK : 0.24 NEM : 4.83
Total Revenue (TTM) MCK : $403.43B NEM : $17.23B
Gross Profit (TTM) MCK : $14.55B NEM : $8.97B
EBITDA (TTM) MCK : $6.91B NEM : $13.78B

Return for Risk

MCK vs. NEM — Risk / Return Rank

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

MCK

MCK Risk / Return Rank: 50
MCK Sharpe Ratio Rank: 53
MCK Sortino Ratio Rank: 47
MCK Omega Ratio Rank: 47
MCK Calmar Ratio Rank: 50
MCK Martin Ratio Rank: 51

NEM

NEM Risk / Return Rank: 82
NEM Sharpe Ratio Rank: 86
NEM Sortino Ratio Rank: 78
NEM Omega Ratio Rank: 80
NEM Calmar Ratio Rank: 82
NEM Martin Ratio Rank: 84

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.

MCK vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for McKesson Corporation (MCK) and Newmont 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.

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.

	MCK	NEM	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.73	-1.46
Sortino ratio: Return per unit of downside risk	0.63	2.08	-1.44
Omega ratio: Gain probability vs. loss probability	1.08	1.29	-0.21
Calmar ratio: Return relative to maximum drawdown	0.29	2.78	-2.49
Martin ratio: Return relative to average drawdown	0.74	7.58	-6.84

MCK vs. NEM - Sharpe Ratio Comparison

The current MCK Sharpe Ratio is 0.27, which is lower than the NEM Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of MCK and NEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MCK vs. NEM - Drawdown Comparison

The maximum MCK drawdown since its inception was -82.84%, roughly equal to the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for MCK and NEM.

Drawdown Indicators

	MCK	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-82.84%	-81.30%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-27.17%	-29.39%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-27.17%	-36.57%	+9.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.17%	-62.40%	+35.23%
Max Drawdown (10Y) Largest decline over 10 years	-44.23%	-62.40%	+18.17%
Current Drawdown Current decline from peak	-21.17%	-23.71%	+2.54%
Average Drawdown Average peak-to-trough decline	-28.64%	-41.37%	+12.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.40%	10.73%	-0.33%

Volatility

MCK vs. NEM - Volatility Comparison

The current volatility for McKesson Corporation (MCK) is 6.47%, while Newmont Corporation (NEM) has a volatility of 15.74%. This indicates that MCK 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.

Volatility by Period

	MCK	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	15.74%	-9.27%
Volatility (6M) Calculated over the trailing 6-month period	22.74%	37.43%	-14.69%
Volatility (1Y) Calculated over the trailing 1-year period	29.14%	47.44%	-18.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.19%	37.99%	-13.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.82%	35.67%	-6.85%

Dividends

MCK vs. NEM - Dividend Comparison

MCK's dividend yield for the trailing twelve months is around 0.42%, less than NEM's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCK McKesson Corporation	0.42%	0.37%	0.47%	0.50%	0.54%	0.72%	0.95%	1.16%	1.32%	0.80%	0.80%	0.53%
NEM Newmont Corporation	1.02%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%

Financials

Frequently Asked Questions

Can I hold both MCK and NEM in my portfolio?

MCK and NEM have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MCK or NEM?

NEM has higher volatility (15.74%) compared to MCK (6.47%). In terms of maximum drawdown, MCK dropped -82.84% vs NEM's -81.30%.

Which has better risk-adjusted returns?

NEM currently has the higher Sharpe Ratio (1.73 vs 0.27), 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.