NEM vs. GLD

Last updated Apr 1, 2026

Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and SPDR Gold Shares (GLD).

GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004.

Performance

NEM vs. GLD - Performance Comparison

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

NEM vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEM Newmont Goldcorp Corporation	8.63%	172.82%	-7.83%	-8.76%	-20.77%	7.40%	40.28%	30.52%	-6.15%	10.91%
GLD SPDR Gold Shares	8.57%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Returns By Period

The year-to-date returns for both stocks are quite close, with NEM having a 8.63% return and GLD slightly lower at 8.57%. Over the past 10 years, NEM has outperformed GLD with an annualized return of 17.90%, while GLD has yielded a comparatively lower 13.92% annualized return.

NEM

• 1D: 4.97%
• 1M: -16.56%
• YTD: 8.63%
• 6M: 29.03%
• 1Y: 127.13%
• 3Y*: 33.46%
• 5Y*: 15.27%
• 10Y*: 17.90%

GLD

• 1D: 3.79%
• 1M: -11.05%
• YTD: 8.57%
• 6M: 21.05%
• 1Y: 49.33%
• 3Y*: 32.92%
• 5Y*: 21.58%
• 10Y*: 13.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NEM vs. GLD — Risk / Return Rank

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

NEM

NEM Risk / Return Rank: 93
NEM Sharpe Ratio Rank: 96
NEM Sortino Ratio Rank: 91
NEM Omega Ratio Rank: 92
NEM Calmar Ratio Rank: 93
NEM Martin Ratio Rank: 95

GLD

GLD Risk / Return Rank: 87
GLD Sharpe Ratio Rank: 88
GLD Sortino Ratio Rank: 86
GLD Omega Ratio Rank: 86
GLD Calmar Ratio Rank: 89
GLD Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEM vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and SPDR Gold Shares (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.

	NEM	GLD	Difference
Sharpe ratio Return per unit of total volatility	2.78	1.79	+0.99
Sortino ratio Return per unit of downside risk	2.89	2.21	+0.67
Omega ratio Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio Return relative to maximum drawdown	4.70	2.68	+2.02
Martin ratio Return relative to average drawdown	15.66	9.90	+5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEM vs. GLD - Sharpe Ratio Comparison

The current NEM Sharpe Ratio is 2.78, which is higher than the GLD Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of NEM and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NEM	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	1.79	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	1.22	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.88	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.62	-0.49

Correlation

The correlation between NEM and GLD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NEM vs. GLD - Dividend Comparison

NEM's dividend yield for the trailing twelve months is around 0.93%, while GLD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEM Newmont Goldcorp Corporation	0.93%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%
GLD SPDR Gold Shares	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 -81.30%, 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.

Drawdown Indicators

	NEM	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-81.30%	-45.56%	-35.74%
Max Drawdown (1Y) Largest decline over 1 year	-27.25%	-19.21%	-8.04%
Max Drawdown (5Y) Largest decline over 5 years	-62.40%	-21.03%	-41.37%
Max Drawdown (10Y) Largest decline over 10 years	-62.40%	-22.00%	-40.40%
Current Drawdown Current decline from peak	-17.80%	-13.23%	-4.57%
Average Drawdown Average peak-to-trough decline	-41.50%	-16.17%	-25.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.18%	5.20%	+2.98%

Volatility

NEM vs. GLD - Volatility Comparison

Newmont Goldcorp Corporation (NEM) has a higher volatility of 15.18% compared to SPDR Gold Shares (GLD) at 11.06%. 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.

Volatility by Period

	NEM	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.18%	11.06%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	37.47%	24.30%	+13.17%
Volatility (1Y) Calculated over the trailing 1-year period	46.03%	27.80%	+18.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.87%	17.74%	+19.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.65%	15.87%	+19.78%