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:
-0.12
SPY:
2.17
NEM:
0.08
SPY:
2.88
NEM:
1.01
SPY:
1.41
NEM:
-0.07
SPY:
3.19
NEM:
-0.31
SPY:
14.10
NEM:
15.00%
SPY:
1.90%
NEM:
36.80%
SPY:
12.39%
NEM:
-77.75%
SPY:
-55.19%
NEM:
-50.60%
SPY:
-3.19%
Returns By Period
In the year-to-date period, NEM achieves a -5.21% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, NEM has underperformed SPY with an annualized return of 10.35%, while SPY has yielded a comparatively higher 12.92% annualized return.
NEM
-5.21%
-10.43%
-8.44%
-5.30%
1.85%
10.35%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
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 2.61%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 2.61% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% | 5.32% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 8.87% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.