NEM vs. GDXJ
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or GDXJ.
Correlation
The correlation between NEM and GDXJ is 0.21, 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.
Performance
NEM vs. GDXJ - Performance Comparison
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Key characteristics
NEM:
0.49
GDXJ:
0.93
NEM:
0.92
GDXJ:
1.58
NEM:
1.13
GDXJ:
1.20
NEM:
0.38
GDXJ:
0.60
NEM:
1.11
GDXJ:
4.44
NEM:
18.06%
GDXJ:
9.37%
NEM:
37.07%
GDXJ:
39.67%
NEM:
-77.55%
GDXJ:
-88.66%
NEM:
-35.30%
GDXJ:
-55.10%
Returns By Period
In the year-to-date period, NEM achieves a 34.70% return, which is significantly lower than GDXJ's 38.50% return. Over the past 10 years, NEM has underperformed GDXJ with an annualized return of 8.66%, while GDXJ has yielded a comparatively higher 9.85% annualized return.
NEM
34.70%
-8.68%
23.98%
18.05%
-2.92%
8.66%
GDXJ
38.50%
-5.97%
33.90%
36.79%
6.77%
9.85%
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Risk-Adjusted Performance
NEM vs. GDXJ — Risk-Adjusted Performance Rank
NEM
GDXJ
NEM vs. GDXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.
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Dividends
NEM vs. GDXJ - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 2.01%, more than GDXJ's 1.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 2.01% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 1.88% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% |
Drawdowns
NEM vs. GDXJ - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.55%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for NEM and GDXJ. For additional features, visit the drawdowns tool.
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Volatility
NEM vs. GDXJ - Volatility Comparison
The current volatility for Newmont Goldcorp Corporation (NEM) is 11.94%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 15.40%. This indicates that NEM experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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