NEM vs. DRD
NEM (Newmont Corporation) and DRD (DRDGOLD Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, NEM returned 13.80%/yr vs 20.74%/yr for DRD. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
NEM vs. DRD - Performance Comparison
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Returns By Period
In the year-to-date period, NEM achieves a 0.82% return, which is significantly higher than DRD's -23.58% return. Over the past 10 years, NEM has underperformed DRD with an annualized return of 13.80%, while DRD has yielded a comparatively higher 20.74% annualized return.
NEM
- 1D
- 2.71%
- 1M
- -15.55%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 81.14%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
DRD
- 1D
- 2.27%
- 1M
- -20.60%
- YTD
- -23.58%
- 6M
- -24.53%
- 1Y
- 67.15%
- 3Y*
- 29.82%
- 5Y*
- 17.87%
- 10Y*
- 20.74%
NEM vs. DRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
DRD DRDGOLD Limited | -23.58% | 267.16% | 11.55% | 13.26% | -7.63% | -23.16% | 141.46% | 153.56% | -35.27% | -37.77% |
Correlation
The correlation between NEM and DRD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1996 | 0.53 |
Over the past year, NEM and DRD have become more correlated (0.78) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
NEM:
$6.34
DRD:
ZAR 100.99
NEM:
15.82
DRD:
0.23
NEM:
0.41
DRD:
0.01
NEM:
4.83
DRD:
0.07
NEM:
$17.23B
DRD:
ZAR 15.96B
NEM:
$8.97B
DRD:
ZAR 6.44B
NEM:
$13.78B
DRD:
ZAR 7.17B
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Return for Risk
NEM vs. DRD — Risk / Return Rank
NEM
DRD
NEM vs. DRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) and DRDGOLD Limited (DRD). 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 | DRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.55 | +1.22 |
| Martin ratioReturn relative to average drawdown | 7.58 | 4.06 | +3.52 |
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Drawdowns
NEM vs. DRD - Drawdown Comparison
The maximum NEM drawdown since its inception was -81.30%, smaller than the maximum DRD drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for NEM and DRD.
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Drawdown Indicators
| NEM | DRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -98.44% | +17.14% |
Max Drawdown (1Y)Largest decline over 1 year | -29.39% | -43.51% | +14.12% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -45.13% | +8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -62.40% | -57.22% | -5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -62.40% | -80.31% | +17.91% |
Current DrawdownCurrent decline from peak | -23.71% | -48.48% | +24.77% |
Average DrawdownAverage peak-to-trough decline | -41.37% | -81.86% | +40.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 16.59% | -5.86% |
Volatility
NEM vs. DRD - Volatility Comparison
The current volatility for Newmont Corporation (NEM) is 15.74%, while DRDGOLD Limited (DRD) has a volatility of 17.37%. This indicates that NEM experiences smaller price fluctuations and is considered to be less risky than DRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEM | DRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 17.37% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 43.75% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.44% | 58.02% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.99% | 51.50% | -13.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.67% | 58.03% | -22.36% |
Dividends
NEM vs. DRD - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 1.02%, less than DRD's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRD DRDGOLD Limited | 2.30% | 1.26% | 2.53% | 5.74% | 5.00% | 6.54% | 4.47% | 2.65% | 2.05% | 1.12% | 6.15% | 3.73% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
NEM vs. DRD - Financials Comparison
This section allows you to compare key financial metrics between Newmont Corporation and DRDGOLD Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NEM and DRD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRD has higher volatility (17.37%) compared to NEM (15.74%). In terms of maximum drawdown, NEM dropped -81.30% vs DRD's -98.44%.
NEM currently has the higher Sharpe Ratio (1.73 vs 1.16), 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.
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