NEM vs. GDX
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or GDX.
Key characteristics
| NEM | GDX | |
|---|---|---|
| YTD Return | -0.99% | 7.84% |
| 1Y Return | -14.52% | -4.77% |
| 3Y Return (Ann) | -10.71% | -0.13% |
| 5Y Return (Ann) | 9.42% | 11.91% |
| 10Y Return (Ann) | 7.47% | 4.23% |
| Sharpe Ratio | -0.31 | -0.08 |
| Daily Std Dev | 35.56% | 30.46% |
| Max Drawdown | -77.75% | -80.57% |
| Current Drawdown | -48.40% | -43.61% |
Correlation
The correlation between NEM and GDX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NEM vs. GDX - Performance Comparison
In the year-to-date period, NEM achieves a -0.99% return, which is significantly lower than GDX's 7.84% return. Over the past 10 years, NEM has outperformed GDX with an annualized return of 7.47%, while GDX has yielded a comparatively lower 4.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NEM vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and VanEck Vectors Gold Miners ETF (GDX). 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. GDX - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 3.57%, more than GDX's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 3.57% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.58% | 0.65% | 0.36% | 0.54% | 1.16% | 5.23% |
GDX VanEck Vectors Gold Miners ETF | 1.50% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
NEM vs. GDX - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.75%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for NEM and GDX. For additional features, visit the drawdowns tool.
Volatility
NEM vs. GDX - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 14.93% compared to VanEck Vectors Gold Miners ETF (GDX) at 9.90%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.