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NEM vs. GDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NEM and GDX is 0.24, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

NEM vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newmont Goldcorp Corporation (NEM) and VanEck Vectors Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
53.67%
53.38%
NEM
GDX

Key characteristics

Sharpe Ratio

NEM:

1.21

GDX:

1.48

Sortino Ratio

NEM:

1.71

GDX:

2.01

Omega Ratio

NEM:

1.25

GDX:

1.26

Calmar Ratio

NEM:

0.89

GDX:

1.12

Martin Ratio

NEM:

2.59

GDX:

5.34

Ulcer Index

NEM:

17.92%

GDX:

9.25%

Daily Std Dev

NEM:

38.36%

GDX:

33.46%

Max Drawdown

NEM:

-77.55%

GDX:

-80.57%

Current Drawdown

NEM:

-29.98%

GDX:

-16.73%

Returns By Period

The year-to-date returns for both stocks are quite close, with NEM having a 45.78% return and GDX slightly lower at 43.94%. Both investments have delivered pretty close results over the past 10 years, with NEM having a 10.01% annualized return and GDX not far ahead at 10.16%.


NEM

YTD

45.78%

1M

13.82%

6M

12.73%

1Y

27.11%

5Y*

0.10%

10Y*

10.01%

GDX

YTD

43.94%

1M

9.27%

6M

18.82%

1Y

43.85%

5Y*

9.02%

10Y*

10.16%

*Annualized

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Risk-Adjusted Performance

NEM vs. GDX — Risk-Adjusted Performance Rank

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

NEM
The Risk-Adjusted Performance Rank of NEM is 8282
Overall Rank
The Sharpe Ratio Rank of NEM is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of NEM is 8282
Sortino Ratio Rank
The Omega Ratio Rank of NEM is 8383
Omega Ratio Rank
The Calmar Ratio Rank of NEM is 8282
Calmar Ratio Rank
The Martin Ratio Rank of NEM is 7777
Martin Ratio Rank

GDX
The Risk-Adjusted Performance Rank of GDX is 8787
Overall Rank
The Sharpe Ratio Rank of GDX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of GDX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of GDX is 8787
Omega Ratio Rank
The Calmar Ratio Rank of GDX is 8484
Calmar Ratio Rank
The Martin Ratio Rank of GDX is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for NEM, currently valued at 1.21, compared to the broader market-2.00-1.000.001.002.003.00
NEM: 1.21
GDX: 1.48
The chart of Sortino ratio for NEM, currently valued at 1.71, compared to the broader market-6.00-4.00-2.000.002.004.00
NEM: 1.71
GDX: 2.01
The chart of Omega ratio for NEM, currently valued at 1.25, compared to the broader market0.501.001.502.00
NEM: 1.25
GDX: 1.26
The chart of Calmar ratio for NEM, currently valued at 0.89, compared to the broader market0.001.002.003.004.005.00
NEM: 0.89
GDX: 1.12
The chart of Martin ratio for NEM, currently valued at 2.59, compared to the broader market-5.000.005.0010.0015.0020.00
NEM: 2.59
GDX: 5.34

The current NEM Sharpe Ratio is 1.21, which is comparable to the GDX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of NEM and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.21
1.48
NEM
GDX

Dividends

NEM vs. GDX - Dividend Comparison

NEM's dividend yield for the trailing twelve months is around 1.85%, more than GDX's 0.83% yield.


TTM20242023202220212020201920182017201620152014
NEM
Newmont Goldcorp Corporation
1.85%2.69%3.87%4.66%3.55%1.74%3.31%1.62%0.67%0.37%0.56%1.19%
GDX
VanEck Vectors Gold Miners ETF
0.83%1.19%1.61%1.66%1.67%0.53%0.65%0.50%0.76%0.26%0.85%0.66%

Drawdowns

NEM vs. GDX - Drawdown Comparison

The maximum NEM drawdown since its inception was -77.55%, 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.


-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2025FebruaryMarchApril
-29.98%
-16.73%
NEM
GDX

Volatility

NEM vs. GDX - Volatility Comparison

Newmont Goldcorp Corporation (NEM) has a higher volatility of 16.95% compared to VanEck Vectors Gold Miners ETF (GDX) at 15.99%. 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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%NovemberDecember2025FebruaryMarchApril
16.95%
15.99%
NEM
GDX