MIELY vs. NEM
MIELY (Mitsubishi Electric Corp ADR) and NEM (Newmont Corporation) are both stocks. MIELY operates in Electrical Equipment & Parts (Industrials), while NEM operates in Gold (Basic Materials). Over the past 10 years, MIELY returned 10.96%/yr vs 10.69%/yr for NEM. At a 0.08 correlation, their price movements are largely independent.
Performance
MIELY vs. NEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIELY achieves a 15.57% return, which is significantly higher than NEM's -10.28% return. Both investments have delivered pretty close results over the past 10 years, with MIELY having a 10.96% annualized return and NEM not far behind at 10.69%.
MIELY
- 1D
- 0.21%
- 1M
- -11.67%
- 6M
- 4.83%
- YTD
- 15.57%
- 1Y
- 60.78%
- 3Y*
- 32.53%
- 5Y*
- 20.28%
- 10Y*
- 10.96%
- ALL TIME*
- -1.71%
NEM
- 1D
- -0.56%
- 1M
- -14.06%
- 6M
- -21.50%
- YTD
- -10.28%
- 1Y
- 54.92%
- 3Y*
- 30.16%
- 5Y*
- 11.31%
- 10Y*
- 10.69%
- ALL TIME*
- 4.71%
MIELY vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIELY Mitsubishi Electric Corp ADR | 15.57% | 73.08% | 21.33% | 42.15% | -22.04% | -16.17% | 11.35% | 23.78% | -33.88% | 21.11% |
NEM Newmont Corporation | -10.28% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between MIELY and NEM is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.08 |
Over the past year, MIELY and NEM have become more correlated (0.31) than their long-term average of 0.08, meaning their price movements have been converging.
Fundamentals
MIELY:
$68.59B
NEM:
$95.23B
MIELY:
¥422.87
NEM:
$7.15
MIELY:
25.76
NEM:
12.48
MIELY:
1.14
NEM:
0.32
MIELY:
1.87
NEM:
3.81
MIELY:
¥5.95T
NEM:
$17.23B
MIELY:
¥1.97T
NEM:
$8.97B
MIELY:
¥639.91B
NEM:
$13.78B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIELY vs. NEM — Risk / Return Rank
MIELY
NEM
MIELY vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Electric Corp ADR (MIELY) 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.
| MIELY | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.72 | +1.14 |
| Martin ratioReturn relative to average drawdown | 8.01 | 4.07 | +3.94 |
Loading charts...
Drawdowns
MIELY vs. NEM - Drawdown Comparison
The maximum MIELY drawdown since its inception was -89.09%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for MIELY and NEM.
Loading charts...
Drawdown Indicators
| MIELY | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.09% | -81.30% | -7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -21.40% | -32.10% | +10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -24.66% | -36.57% | +11.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.18% | -62.40% | +22.22% |
Max Drawdown (10Y)Largest decline over 10 years | -55.76% | -62.40% | +6.64% |
Current DrawdownCurrent decline from peak | -45.18% | -32.10% | -13.08% |
Average DrawdownAverage peak-to-trough decline | -69.28% | -41.34% | -27.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.61% | 13.53% | -5.92% |
Volatility
MIELY vs. NEM - Volatility Comparison
Mitsubishi Electric Corp ADR (MIELY) and Newmont Corporation (NEM) have volatilities of 10.24% and 10.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIELY | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 10.19% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 31.33% | 37.41% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 47.75% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 38.21% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.01% | 35.72% | -6.71% |
Dividends
MIELY vs. NEM - Dividend Comparison
MIELY has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIELY Mitsubishi Electric Corp ADR | 0.00% | 0.72% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.98% | 1.76% | 0.00% |
NEM Newmont Corporation | 1.14% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
MIELY vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Mitsubishi Electric Corp ADR and Newmont Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MIELY and NEM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIELY has higher volatility (10.24%) compared to NEM (10.19%). In terms of maximum drawdown, MIELY dropped -89.09% vs NEM's -81.30%.
MIELY currently has the higher Sharpe Ratio (1.60 vs 1.16), 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.
Find the right allocation for MIELY and NEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer