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.
Performance
NEM vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, NEM achieves a 6.64% return, which is significantly lower than ^GSPC's 24.72% return. Both investments have delivered pretty close results over the past 10 years, with NEM having a 10.99% annualized return and ^GSPC not far ahead at 11.16%.
NEM
6.64%
-26.18%
6.21%
18.27%
5.88%
10.99%
^GSPC
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Key characteristics
NEM | ^GSPC | |
---|---|---|
Sharpe Ratio | 0.51 | 2.54 |
Sortino Ratio | 0.92 | 3.40 |
Omega Ratio | 1.13 | 1.47 |
Calmar Ratio | 0.31 | 3.66 |
Martin Ratio | 1.54 | 16.26 |
Ulcer Index | 12.41% | 1.91% |
Daily Std Dev | 37.26% | 12.23% |
Max Drawdown | -77.75% | -56.78% |
Current Drawdown | -44.43% | -0.88% |
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Correlation
The correlation between NEM and ^GSPC is 0.14, 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.
Risk-Adjusted Performance
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 17.98% compared to S&P 500 (^GSPC) at 3.96%. 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.