NEM vs. GLEN.L
NEM (Newmont Corporation) and GLEN.L (Glencore plc) are both stocks. Both are in the Basic Materials sector — NEM in Gold, GLEN.L in Other Industrial Metals & Mining. Over the past 10 years, NEM returned 13.80%/yr vs 20.32%/yr for GLEN.L. At a 0.24 correlation, their price movements are largely independent.
Performance
NEM vs. GLEN.L - Performance Comparison
Loading charts...
Different Trading Currencies
NEM is traded in USD, while GLEN.L is traded in GBp. To make them comparable, the GLEN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NEM achieves a 0.82% return, which is significantly lower than GLEN.L's 45.81% return. Over the past 10 years, NEM has underperformed GLEN.L with an annualized return of 13.80%, while GLEN.L has yielded a comparatively higher 20.32% annualized return.
NEM
- 1D
- 2.71%
- 1M
- -13.64%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 74.95%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
GLEN.L
- 1D
- 2.39%
- 1M
- -1.48%
- YTD
- 45.81%
- 6M
- 58.94%
- 1Y
- 106.32%
- 3Y*
- 15.24%
- 5Y*
- 16.73%
- 10Y*
- 20.32%
NEM vs. GLEN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
GLEN.L Glencore plc | 45.81% | 27.27% | -24.64% | -1.15% | 40.33% | 65.47% | 2.03% | -11.04% | -26.31% | 56.59% |
Correlation
The correlation between NEM and GLEN.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 19, 2011 | 0.24 |
The correlation between NEM and GLEN.L shifts across timeframes, from 0.23 (10 years) to 0.39 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NEM:
$6.34
GLEN.L:
-$0.10
NEM:
4.83
GLEN.L:
0.20
NEM:
$17.23B
GLEN.L:
$479.07B
NEM:
$8.97B
GLEN.L:
$11.90B
NEM:
$13.78B
GLEN.L:
$19.53B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEM vs. GLEN.L — Risk / Return Rank
NEM
GLEN.L
NEM vs. GLEN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) and Glencore plc (GLEN.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NEM | GLEN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 7.07 | -4.29 |
| Martin ratioReturn relative to average drawdown | 7.58 | 21.94 | -14.35 |
Loading charts...
Drawdowns
NEM vs. GLEN.L - Drawdown Comparison
The maximum NEM drawdown since its inception was -81.30%, smaller than the maximum GLEN.L drawdown of -88.55%. Use the drawdown chart below to compare losses from any high point for NEM and GLEN.L.
Loading charts...
Drawdown Indicators
| NEM | GLEN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -88.55% | +7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -29.39% | -14.96% | -14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -53.53% | +16.96% |
Max Drawdown (5Y)Largest decline over 5 years | -62.40% | -54.01% | -8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -62.40% | -75.39% | +12.99% |
Current DrawdownCurrent decline from peak | -23.71% | -4.75% | -18.96% |
Average DrawdownAverage peak-to-trough decline | -41.37% | -40.97% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 4.83% | +5.90% |
Volatility
NEM vs. GLEN.L - Volatility Comparison
Newmont Corporation (NEM) has a higher volatility of 15.74% compared to Glencore plc (GLEN.L) at 11.37%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than GLEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NEM | GLEN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 11.37% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 24.07% | +13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.44% | 32.88% | +14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.99% | 35.19% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.67% | 38.23% | -2.56% |
Dividends
NEM vs. GLEN.L - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 1.02%, less than GLEN.L's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 1.70% | 1.84% | 2.87% | 8.72% | 5.58% | 3.08% | 0.00% | 6.70% | 5.16% | 1.37% | 0.00% | 0.00% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
NEM vs. GLEN.L - Financials Comparison
This section allows you to compare key financial metrics between Newmont Corporation and Glencore plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NEM and GLEN.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NEM and GLEN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer