NEM vs. ^GSPC
Compare and contrast key facts about Newmont Goldcorp Corporation (NEM) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEM or ^GSPC.
Performance
NEM vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, NEM achieves a 6.29% return, which is significantly lower than ^GSPC's 24.05% return. Both investments have delivered pretty close results over the past 10 years, with NEM having a 10.66% annualized return and ^GSPC not far ahead at 11.14%.
NEM
6.29%
-25.06%
-0.88%
21.53%
5.75%
10.66%
^GSPC
24.05%
0.89%
11.19%
30.12%
13.82%
11.14%
Key characteristics
| NEM | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 0.60 | 2.54 |
| Sortino Ratio | 1.02 | 3.40 |
| Omega Ratio | 1.14 | 1.47 |
| Calmar Ratio | 0.36 | 3.66 |
| Martin Ratio | 1.83 | 16.28 |
| Ulcer Index | 12.18% | 1.91% |
| Daily Std Dev | 37.32% | 12.25% |
| Max Drawdown | -77.75% | -56.78% |
| Current Drawdown | -44.61% | -1.41% |
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Correlation
The correlation between NEM and ^GSPC is 0.14, 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.
Risk-Adjusted Performance
NEM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and S&P 500 (^GSPC). 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.
Drawdowns
NEM vs. ^GSPC - Drawdown Comparison
The maximum NEM drawdown since its inception was -77.75%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NEM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
NEM vs. ^GSPC - Volatility Comparison
Newmont Goldcorp Corporation (NEM) has a higher volatility of 18.14% compared to S&P 500 (^GSPC) at 4.07%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.