NEM vs. SPY
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or SPY.
Correlation
The correlation between NEM and SPY is 0.13, 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. SPY - Performance Comparison
Key characteristics
NEM:
0.70
SPY:
2.20
NEM:
1.11
SPY:
2.92
NEM:
1.16
SPY:
1.41
NEM:
0.41
SPY:
3.35
NEM:
1.73
SPY:
14.01
NEM:
14.70%
SPY:
2.01%
NEM:
36.52%
SPY:
12.76%
NEM:
-77.75%
SPY:
-55.19%
NEM:
-45.35%
SPY:
-0.45%
Returns By Period
In the year-to-date period, NEM achieves a 13.78% return, which is significantly higher than SPY's 2.90% return. Over the past 10 years, NEM has underperformed SPY with an annualized return of 8.27%, while SPY has yielded a comparatively higher 13.39% annualized return.
NEM
13.78%
10.63%
-9.05%
24.02%
2.59%
8.27%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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Risk-Adjusted Performance
NEM vs. SPY — Risk-Adjusted Performance Rank
NEM
SPY
NEM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 2.36%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 2.36% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NEM vs. SPY - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.75%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NEM and SPY. For additional features, visit the drawdowns tool.
Volatility
NEM vs. SPY - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 9.48% compared to SPDR S&P 500 ETF (SPY) at 5.17%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.