NEM vs. ARKK
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and ARK Innovation ETF (ARKK).
ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or ARKK.
Performance
NEM vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, NEM achieves a 3.96% return, which is significantly higher than ARKK's 2.08% return. Over the past 10 years, NEM has underperformed ARKK with an annualized return of 10.42%, while ARKK has yielded a comparatively higher 11.39% annualized return.
NEM
3.96%
-26.71%
-3.94%
19.55%
5.13%
10.42%
ARKK
2.08%
11.31%
17.62%
22.33%
2.74%
11.39%
Key characteristics
| NEM | ARKK | |
|---|---|---|
| Sharpe Ratio | 0.51 | 0.68 |
| Sortino Ratio | 0.91 | 1.15 |
| Omega Ratio | 1.13 | 1.14 |
| Calmar Ratio | 0.30 | 0.33 |
| Martin Ratio | 1.56 | 1.69 |
| Ulcer Index | 12.07% | 14.38% |
| Daily Std Dev | 37.32% | 35.74% |
| Max Drawdown | -77.75% | -80.91% |
| Current Drawdown | -45.82% | -65.29% |
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Correlation
The correlation between NEM and ARKK is 0.13, 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. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and ARK Innovation ETF (ARKK). 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.
Dividends
NEM vs. ARKK - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 2.72%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 2.72% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% | 5.32% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
NEM vs. ARKK - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.75%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for NEM and ARKK. For additional features, visit the drawdowns tool.
Volatility
NEM vs. ARKK - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 17.78% compared to ARK Innovation ETF (ARKK) at 14.25%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.