NEM vs. CART

Last updated Jul 11, 2026

NEM (Newmont Corporation) and CART (Maplebear Inc. Common Stock) are both stocks. NEM operates in Gold (Basic Materials), while CART operates in Internet Retail (Consumer Cyclical). Over the past year, NEM returned 60.16% vs 0.83% for CART. At a 0.14 correlation, their price movements are largely independent.

Performance

NEM vs. CART - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newmont Corporation (NEM) and Maplebear Inc. Common Stock (CART). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEM achieves a -4.15% return, which is significantly lower than CART's 7.58% return.

NEM

• 1D: 0.51%
• 1M: -2.36%
• 6M: -12.19%
• YTD: -4.15%
• 1Y: 60.16%
• 3Y*: 32.96%
• 5Y*: 11.48%
• 10Y*: 11.79%

CART

• 1D: 0.23%
• 1M: 15.49%
• 6M: 17.54%
• YTD: 7.58%
• 1Y: 0.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEM vs. CART - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NEM Newmont Corporation	-4.15%	172.82%	-7.83%	3.29%
CART Maplebear Inc. Common Stock	7.58%	8.59%	76.48%	-44.12%

Correlation

The correlation between NEM and CART 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 (All Time) Calculated using the full available price history since Sep 19, 2023	0.14

Fundamentals

Market Cap NEM : $101.73B CART : $11.37B
EPS NEM : $7.15 CART : $1.81
PE Ratio NEM : 13.33 CART : 26.67
PEG Ratio NEM : 0.35 CART : 0.11
PS Ratio NEM : 4.07 CART : 3.35
Total Revenue (TTM) NEM : $17.23B CART : $3.86B
Gross Profit (TTM) NEM : $8.97B CART : $2.82B
EBITDA (TTM) NEM : $13.78B CART : $672.00M

Return for Risk

NEM vs. CART — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEM

NEM Risk / Return Rank: 78
NEM Sharpe Ratio Rank: 82
NEM Sortino Ratio Rank: 74
NEM Omega Ratio Rank: 76
NEM Calmar Ratio Rank: 80
NEM Martin Ratio Rank: 79

CART

CART Risk / Return Rank: 43
CART Sharpe Ratio Rank: 45
CART Sortino Ratio Rank: 41
CART Omega Ratio Rank: 41
CART Calmar Ratio Rank: 45
CART Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEM vs. CART - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) and Maplebear Inc. Common Stock (CART). 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.

	NEM	CART	Difference
Sharpe ratio: Return per unit of total volatility	1.29	-0.00	+1.29
Sortino ratio: Return per unit of downside risk	1.72	0.29	+1.43
Omega ratio: Gain probability vs. loss probability	1.23	1.04	+0.20
Calmar ratio: Return relative to maximum drawdown	2.09	-0.00	+2.09
Martin ratio: Return relative to average drawdown	4.81	-0.00	+4.82

NEM vs. CART - Sharpe Ratio Comparison

The current NEM Sharpe Ratio is 1.29, which is higher than the CART Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of NEM and CART, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NEM vs. CART - Drawdown Comparison

The maximum NEM drawdown since its inception was -81.30%, which is greater than CART's maximum drawdown of -46.60%. Use the drawdown chart below to compare losses from any high point for NEM and CART.

Drawdown Indicators

	NEM	CART	Difference
Max Drawdown Largest peak-to-trough decline	-81.30%	-46.60%	-34.70%
Max Drawdown (1Y) Largest decline over 1 year	-29.39%	-36.39%	+7.00%
Max Drawdown (3Y) Largest decline over 3 years	-36.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-62.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.40%	—	—
Current Drawdown Current decline from peak	-27.47%	-8.96%	-18.51%
Average Drawdown Average peak-to-trough decline	-41.34%	-20.78%	-20.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.73%	20.77%	-8.04%

Volatility

NEM vs. CART - Volatility Comparison

Newmont Corporation (NEM) has a higher volatility of 14.14% compared to Maplebear Inc. Common Stock (CART) at 11.49%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than CART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEM	CART	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.14%	11.49%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	37.29%	32.16%	+5.13%
Volatility (1Y) Calculated over the trailing 1-year period	47.74%	42.93%	+4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.15%	46.97%	-8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.73%	46.97%	-11.24%

Dividends

NEM vs. CART - Dividend Comparison

NEM's dividend yield for the trailing twelve months is around 1.07%, while CART has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CART Maplebear Inc. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEM Newmont Corporation	1.07%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%

Financials

Frequently Asked Questions

Can I hold both NEM and CART in my portfolio?

NEM and CART 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.

Which is riskier, NEM or CART?

NEM has higher volatility (14.14%) compared to CART (11.49%). In terms of maximum drawdown, NEM dropped -81.30% vs CART's -46.60%.

Which has better risk-adjusted returns?

NEM currently has the higher Sharpe Ratio (1.29 vs -0.00), 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.