NEM vs. ^GSPC
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or ^GSPC.
Correlation
The correlation between NEM and ^GSPC is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NEM vs. ^GSPC - Performance Comparison
Key characteristics
NEM:
0.70
^GSPC:
2.06
NEM:
1.11
^GSPC:
2.74
NEM:
1.16
^GSPC:
1.38
NEM:
0.41
^GSPC:
3.13
NEM:
1.73
^GSPC:
12.83
NEM:
14.70%
^GSPC:
2.07%
NEM:
36.52%
^GSPC:
12.85%
NEM:
-77.75%
^GSPC:
-56.78%
NEM:
-45.35%
^GSPC:
-0.67%
Returns By Period
In the year-to-date period, NEM achieves a 13.78% return, which is significantly higher than ^GSPC's 2.85% return. Over the past 10 years, NEM has underperformed ^GSPC with an annualized return of 8.27%, while ^GSPC has yielded a comparatively higher 11.45% annualized return.
NEM
13.78%
10.63%
-9.05%
24.02%
2.59%
8.27%
^GSPC
2.85%
2.00%
8.88%
24.72%
12.77%
11.45%
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Risk-Adjusted Performance
NEM vs. ^GSPC — Risk-Adjusted Performance Rank
NEM
^GSPC
NEM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and S&P 500 (^GSPC). 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.
Drawdowns
NEM vs. ^GSPC - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.75%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NEM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
NEM vs. ^GSPC - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 9.48% compared to S&P 500 (^GSPC) at 5.14%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.