NAMM vs. GLD

Last updated Jun 4, 2026

NAMM (Namib Minerals) is a stock, while GLD (SPDR Gold Shares) is Gold fund tracking the LBMA Gold Price PM. At a 0.27 correlation, their price movements are largely independent.

Performance

NAMM vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Namib Minerals (NAMM) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAMM achieves a 131.68% return, which is significantly higher than GLD's 2.92% return.

NAMM

• 1D: -3.31%
• 1M: 21.88%
• YTD: 131.68%
• 6M: 77.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLD

• 1D: -0.99%
• 1M: -1.65%
• YTD: 2.92%
• 6M: 5.43%
• 1Y: 32.04%
• 3Y*: 31.09%
• 5Y*: 18.15%
• 10Y*: 13.12%

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

NAMM vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025
NAMM Namib Minerals	131.68%	-96.76%
GLD SPDR Gold Shares	2.92%	29.86%

Correlation

The correlation between NAMM and GLD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.27

Return for Risk

NAMM vs. GLD — Risk / Return Rank

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

GLD

GLD Risk / Return Rank: 32
GLD Sharpe Ratio Rank: 32
GLD Sortino Ratio Rank: 29
GLD Omega Ratio Rank: 35
GLD Calmar Ratio Rank: 33
GLD Martin Ratio Rank: 28

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.

NAMM vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Namib Minerals (NAMM) and SPDR Gold Shares (GLD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NAMM	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.60	-1.02

Drawdowns

NAMM vs. GLD - Drawdown Comparison

The maximum NAMM drawdown since its inception was -97.05%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for NAMM and GLD.

Drawdown Indicators

	NAMM	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-97.05%	-45.56%	-51.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.00%	—
Current Drawdown Current decline from peak	-92.50%	-17.75%	-74.75%
Average Drawdown Average peak-to-trough decline	-88.63%	-16.16%	-72.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.73%	—

Volatility

Volatility by Period

	NAMM	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	220.02%	26.61%	+193.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	220.02%	18.00%	+202.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	220.02%	15.95%	+204.07%

Dividends

NAMM vs. GLD - Dividend Comparison

Neither NAMM nor GLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NAMM and GLD in my portfolio?

NAMM and GLD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.