NEM vs. GLD
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or GLD.
Correlation
The correlation between NEM and GLD is 0.06, 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. GLD - Performance Comparison
Key characteristics
NEM:
1.21
GLD:
2.49
NEM:
1.71
GLD:
3.30
NEM:
1.25
GLD:
1.43
NEM:
0.89
GLD:
5.14
NEM:
2.59
GLD:
14.01
NEM:
17.92%
GLD:
2.98%
NEM:
38.36%
GLD:
16.80%
NEM:
-77.55%
GLD:
-45.56%
NEM:
-29.98%
GLD:
-3.44%
Returns By Period
In the year-to-date period, NEM achieves a 45.78% return, which is significantly higher than GLD's 25.85% return. Both investments have delivered pretty close results over the past 10 years, with NEM having a 10.01% annualized return and GLD not far ahead at 10.13%.
NEM
45.78%
13.82%
12.73%
27.11%
0.10%
10.01%
GLD
25.85%
9.52%
20.29%
41.13%
13.41%
10.13%
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Risk-Adjusted Performance
NEM vs. GLD — Risk-Adjusted Performance Rank
NEM
GLD
NEM vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 1.85%, while GLD has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEM vs. GLD - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.55%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for NEM and GLD. For additional features, visit the drawdowns tool.
Volatility
NEM vs. GLD - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 16.95% compared to SPDR Gold Trust (GLD) at 8.30%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.