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:
1.09
^GSPC:
1.62
NEM:
1.54
^GSPC:
2.20
NEM:
1.23
^GSPC:
1.30
NEM:
0.64
^GSPC:
2.46
NEM:
2.48
^GSPC:
10.01
NEM:
16.13%
^GSPC:
2.08%
NEM:
36.83%
^GSPC:
12.88%
NEM:
-77.55%
^GSPC:
-56.78%
NEM:
-41.50%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, NEM achieves a 21.79% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, NEM has underperformed ^GSPC with an annualized return of 8.28%, while ^GSPC has yielded a comparatively higher 11.05% annualized return.
NEM
21.79%
8.76%
-11.95%
50.41%
1.45%
8.28%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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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 -77.55%, 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 10.44% compared to S&P 500 (^GSPC) at 3.43%. 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.