MLCO vs. NEM
MLCO (Melco Resorts & Entertainment Limited) and NEM (Newmont Goldcorp Corporation) are both stocks. MLCO operates in Resorts & Casinos (Consumer Cyclical), while NEM operates in Gold (Basic Materials). Over the past 10 years, MLCO returned -7.04%/yr vs 14.53%/yr for NEM. At a 0.12 correlation, their price movements are largely independent.
Performance
MLCO vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, MLCO achieves a -23.65% return, which is significantly lower than NEM's 8.10% return. Over the past 10 years, MLCO has underperformed NEM with an annualized return of -7.04%, while NEM has yielded a comparatively higher 14.53% annualized return.
MLCO
- 1D
- 0.52%
- 1M
- 5.86%
- YTD
- -23.65%
- 6M
- -35.56%
- 1Y
- -7.52%
- 3Y*
- -20.83%
- 5Y*
- -19.47%
- 10Y*
- -7.04%
NEM
- 1D
- -1.85%
- 1M
- -0.56%
- YTD
- 8.10%
- 6M
- 20.40%
- 1Y
- 96.26%
- 3Y*
- 39.72%
- 5Y*
- 11.70%
- 10Y*
- 14.53%
MLCO vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLCO Melco Resorts & Entertainment Limited | -23.65% | 30.74% | -34.72% | -22.87% | 12.97% | -45.12% | -22.55% | 41.19% | -37.90% | 100.80% |
NEM Newmont Goldcorp Corporation | 8.10% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between MLCO and NEM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2006 | 0.12 |
Fundamentals
MLCO:
$0.57
NEM:
$6.34
MLCO:
10.08
NEM:
16.96
MLCO:
0.15
NEM:
0.44
MLCO:
0.44
NEM:
5.18
MLCO:
$5.30B
NEM:
$17.23B
MLCO:
$1.81B
NEM:
$8.97B
MLCO:
$1.19B
NEM:
$13.78B
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Return for Risk
MLCO vs. NEM — Risk / Return Rank
MLCO
NEM
MLCO vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Melco Resorts & Entertainment Limited (MLCO) and Newmont Goldcorp 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.
| MLCO | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.55 | -3.71 |
| Martin ratioReturn relative to average drawdown | -0.26 | 9.72 | -9.98 |
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
| MLCO | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 2.09 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.31 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.41 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.13 | -0.22 |
Drawdowns
MLCO vs. NEM - Drawdown Comparison
The maximum MLCO drawdown since its inception was -89.50%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for MLCO and NEM.
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Drawdown Indicators
| MLCO | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -81.30% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -47.58% | -27.25% | -20.33% |
Max Drawdown (3Y)Largest decline over 3 years | -66.52% | -36.57% | -29.95% |
Max Drawdown (5Y)Largest decline over 5 years | -74.37% | -62.40% | -11.97% |
Max Drawdown (10Y)Largest decline over 10 years | -85.55% | -62.40% | -23.15% |
Current DrawdownCurrent decline from peak | -83.97% | -18.20% | -65.77% |
Average DrawdownAverage peak-to-trough decline | -55.04% | -41.39% | -13.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.79% | 9.94% | +18.85% |
Volatility
MLCO vs. NEM - Volatility Comparison
The current volatility for Melco Resorts & Entertainment Limited (MLCO) is 9.41%, while Newmont Goldcorp Corporation (NEM) has a volatility of 13.05%. This indicates that MLCO 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.
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Volatility by Period
| MLCO | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 13.05% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 29.88% | 36.01% | -6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.84% | 46.26% | -5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.59% | 37.67% | +20.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.95% | 35.50% | +16.45% |
Dividends
MLCO vs. NEM - Dividend Comparison
MLCO has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLCO Melco Resorts & Entertainment Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.88% | 2.62% | 3.14% | 5.76% | 4.52% | 0.68% |
NEM Newmont Goldcorp Corporation | 0.95% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
MLCO vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Melco Resorts & Entertainment Limited and Newmont Goldcorp 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
MLCO and NEM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (13.05%) compared to MLCO (9.41%). In terms of maximum drawdown, MLCO dropped -89.50% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (2.09 vs -0.18), 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.
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