NBIX vs. GLDM
NBIX (Neurocrine Biosciences, Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, NBIX returned 12.33%/yr vs 17.71%/yr for GLDM. At a 0.02 correlation, their price movements are largely independent.
Performance
NBIX vs. GLDM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NBIX achieves a 24.87% return, which is significantly higher than GLDM's -4.78% return.
NBIX
- 1D
- -1.91%
- 1M
- 8.85%
- 6M
- 30.43%
- YTD
- 24.87%
- 1Y
- 32.71%
- 3Y*
- 21.73%
- 5Y*
- 12.33%
- 10Y*
- 13.85%
GLDM
- 1D
- -0.31%
- 1M
- -2.33%
- 6M
- -8.90%
- YTD
- -4.78%
- 1Y
- 22.28%
- 3Y*
- 28.47%
- 5Y*
- 17.71%
- 10Y*
- —
NBIX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NBIX Neurocrine Biosciences, Inc. | 24.87% | 3.90% | 3.60% | 10.31% | 40.24% | -11.14% | -10.83% | 50.53% | -28.30% |
GLDM SPDR Gold MiniShares Trust | -4.78% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between NBIX and GLDM is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.02 |
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
NBIX vs. GLDM — Risk / Return Rank
NBIX
GLDM
NBIX vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neurocrine Biosciences, Inc. (NBIX) 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.
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.
| NBIX | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.90 | +0.60 |
| Martin ratioReturn relative to average drawdown | 3.29 | 2.24 | +1.05 |
Loading charts...
Drawdowns
NBIX vs. GLDM - Drawdown Comparison
The maximum NBIX drawdown since its inception was -97.21%, which is greater than GLDM's maximum drawdown of -26.11%. Use the drawdown chart below to compare losses from any high point for NBIX and GLDM.
Loading charts...
Drawdown Indicators
| NBIX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.21% | -26.11% | -71.10% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -26.11% | +5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -42.89% | -26.11% | -16.78% |
Max Drawdown (5Y)Largest decline over 5 years | -42.89% | -26.11% | -16.78% |
Max Drawdown (10Y)Largest decline over 10 years | -46.39% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -23.86% | +21.95% |
Average DrawdownAverage peak-to-trough decline | -43.74% | -6.42% | -37.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.52% | 10.51% | -0.99% |
Volatility
NBIX vs. GLDM - Volatility Comparison
Neurocrine Biosciences, Inc. (NBIX) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 8.08% and 8.29%, 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
| NBIX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 8.29% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 23.42% | 23.91% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 27.58% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.83% | 18.25% | +14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.03% | 17.05% | +21.98% |
Dividends
NBIX vs. GLDM - Dividend Comparison
Neither NBIX nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
NBIX and GLDM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (8.29%) compared to NBIX (8.08%). In terms of maximum drawdown, NBIX dropped -97.21% vs GLDM's -26.11%.
NBIX currently has the higher Sharpe Ratio (0.99 vs 0.86), 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 NBIX and GLDM
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