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

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.


-0.50.00.51.00.8

Performance

NEM vs. GDXJ - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-11.45%
3.79%
NEM
GDXJ

Key characteristics

Sharpe Ratio

NEM:

-0.25

GDXJ:

0.38

Sortino Ratio

NEM:

-0.10

GDXJ:

0.76

Omega Ratio

NEM:

0.99

GDXJ:

1.09

Calmar Ratio

NEM:

-0.15

GDXJ:

0.18

Martin Ratio

NEM:

-0.62

GDXJ:

1.41

Ulcer Index

NEM:

14.84%

GDXJ:

9.60%

Daily Std Dev

NEM:

36.68%

GDXJ:

35.97%

Max Drawdown

NEM:

-77.75%

GDXJ:

-88.66%

Current Drawdown

NEM:

-52.22%

GDXJ:

-67.45%

Returns By Period

In the year-to-date period, NEM achieves a -8.33% return, which is significantly lower than GDXJ's 16.14% return. Over the past 10 years, NEM has outperformed GDXJ with an annualized return of 9.91%, while GDXJ has yielded a comparatively lower 8.33% annualized return.


NEM

YTD

-8.33%

1M

-13.76%

6M

-12.59%

1Y

-7.73%

5Y*

1.17%

10Y*

9.91%

GDXJ

YTD

16.14%

1M

-8.61%

6M

1.62%

1Y

17.10%

5Y*

3.89%

10Y*

8.33%

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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.


Sharpe ratio
The chart of Sharpe ratio for NEM, currently valued at -0.25, compared to the broader market-4.00-2.000.002.00-0.250.38
The chart of Sortino ratio for NEM, currently valued at -0.10, compared to the broader market-4.00-2.000.002.004.00-0.100.76
The chart of Omega ratio for NEM, currently valued at 0.99, compared to the broader market0.501.001.502.000.991.09
The chart of Calmar ratio for NEM, currently valued at -0.15, compared to the broader market0.002.004.006.00-0.150.18
The chart of Martin ratio for NEM, currently valued at -0.62, compared to the broader market0.0010.0020.00-0.621.41
NEM
GDXJ

The current NEM Sharpe Ratio is -0.25, which is lower than the GDXJ Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of NEM and GDXJ, 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 Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
-0.25
0.38
NEM
GDXJ

Dividends

NEM vs. GDXJ - Dividend Comparison

NEM's dividend yield for the trailing twelve months is around 2.70%, while GDXJ has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
NEM
Newmont Goldcorp Corporation
2.70%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
0.00%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.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-52.22%
-67.45%
NEM
GDXJ

Volatility

NEM vs. GDXJ - Volatility Comparison

The current volatility for Newmont Goldcorp Corporation (NEM) is 7.88%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 10.99%. 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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%JulyAugustSeptemberOctoberNovemberDecember
7.88%
10.99%
NEM
GDXJ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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