NEM vs. SSRM
NEM (Newmont Corporation) and SSRM (SSR Mining Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, NEM returned 11.79%/yr vs 7.68%/yr for SSRM. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
NEM vs. SSRM - Performance Comparison
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Returns By Period
In the year-to-date period, NEM achieves a -4.15% return, which is significantly lower than SSRM's 30.38% return. Over the past 10 years, NEM has outperformed SSRM with an annualized return of 11.79%, while SSRM has yielded a comparatively lower 7.68% annualized return.
NEM
- 1D
- 0.51%
- 1M
- -2.36%
- 6M
- -12.19%
- YTD
- -4.15%
- 1Y
- 60.16%
- 3Y*
- 32.96%
- 5Y*
- 11.48%
- 10Y*
- 11.79%
SSRM
- 1D
- -1.96%
- 1M
- 8.59%
- 6M
- 29.85%
- YTD
- 30.38%
- 1Y
- 125.75%
- 3Y*
- 27.10%
- 5Y*
- 13.03%
- 10Y*
- 7.68%
NEM vs. SSRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | -4.15% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
SSRM SSR Mining Inc. | 30.38% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
Correlation
The correlation between NEM and SSRM is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 1996 | 0.59 |
The correlation between NEM and SSRM shifts across timeframes, from 0.59 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NEM:
$101.73B
SSRM:
$5.93B
NEM:
$7.15
SSRM:
$3.26
NEM:
13.33
SSRM:
8.76
NEM:
0.35
SSRM:
0.14
NEM:
4.07
SSRM:
3.27
NEM:
$17.23B
SSRM:
$1.90B
NEM:
$8.97B
SSRM:
$643.76M
NEM:
$13.78B
SSRM:
$835.27M
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Return for Risk
NEM vs. SSRM — Risk / Return Rank
NEM
SSRM
NEM vs. SSRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) and SSR Mining Inc. (SSRM). 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 | SSRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 4.18 | -2.09 |
| Martin ratioReturn relative to average drawdown | 4.81 | 10.21 | -5.39 |
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Drawdowns
NEM vs. SSRM - Drawdown Comparison
The maximum NEM drawdown since its inception was -81.30%, smaller than the maximum SSRM drawdown of -91.68%. Use the drawdown chart below to compare losses from any high point for NEM and SSRM.
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Drawdown Indicators
| NEM | SSRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -91.68% | +10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -29.39% | -31.28% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -73.41% | +36.84% |
Max Drawdown (5Y)Largest decline over 5 years | -62.40% | -83.16% | +20.76% |
Max Drawdown (10Y)Largest decline over 10 years | -62.40% | -83.16% | +20.76% |
Current DrawdownCurrent decline from peak | -27.47% | -34.34% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -41.34% | -57.09% | +15.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.73% | 12.80% | -0.07% |
Volatility
NEM vs. SSRM - Volatility Comparison
The current volatility for Newmont Corporation (NEM) is 14.14%, while SSR Mining Inc. (SSRM) has a volatility of 19.50%. This indicates that NEM experiences smaller price fluctuations and is considered to be less risky than SSRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEM | SSRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 19.50% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 37.29% | 55.96% | -18.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.74% | 67.57% | -19.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.15% | 56.32% | -18.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.73% | 53.08% | -17.35% |
Dividends
NEM vs. SSRM - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 1.07%, while SSRM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.07% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NEM vs. SSRM - Financials Comparison
This section allows you to compare key financial metrics between Newmont Corporation and SSR Mining Inc.. 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 SSRM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSRM has higher volatility (19.50%) compared to NEM (14.14%). In terms of maximum drawdown, NEM dropped -81.30% vs SSRM's -91.68%.
SSRM currently has the higher Sharpe Ratio (1.94 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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