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.
Performance
NEM vs. GDXJ - Performance Comparison
Returns By Period
In the year-to-date period, NEM achieves a 6.64% return, which is significantly lower than GDXJ's 27.75% return. Over the past 10 years, NEM has outperformed GDXJ with an annualized return of 10.99%, while GDXJ has yielded a comparatively lower 6.76% annualized return.
NEM
6.64%
-26.18%
6.21%
18.27%
5.88%
10.99%
GDXJ
27.75%
-12.50%
10.32%
37.89%
6.83%
6.76%
Key characteristics
| NEM | GDXJ | |
|---|---|---|
| Sharpe Ratio | 0.51 | 1.04 |
| Sortino Ratio | 0.92 | 1.58 |
| Omega Ratio | 1.13 | 1.19 |
| Calmar Ratio | 0.31 | 0.49 |
| Martin Ratio | 1.54 | 4.23 |
| Ulcer Index | 12.41% | 8.84% |
| Daily Std Dev | 37.26% | 36.08% |
| Max Drawdown | -77.75% | -88.66% |
| Current Drawdown | -44.43% | -64.20% |
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Correlation
The correlation between NEM and GDXJ is 0.79, 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.
Risk-Adjusted Performance
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.
Dividends
NEM vs. GDXJ - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 2.65%, more than GDXJ's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 2.65% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% | 5.32% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.57% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% | 0.00% |
Drawdowns
NEM vs. GDXJ - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.75%, 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.
Volatility
NEM vs. GDXJ - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 17.98% compared to VanEck Vectors Junior Gold Miners ETF (GDXJ) at 10.43%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.