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.
Correlation
The correlation between NEM and ^GSPC is 0.16, 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. ^GSPC - Performance Comparison
Key characteristics
NEM:
-0.12
^GSPC:
2.10
NEM:
0.08
^GSPC:
2.80
NEM:
1.01
^GSPC:
1.39
NEM:
-0.07
^GSPC:
3.09
NEM:
-0.31
^GSPC:
13.49
NEM:
15.00%
^GSPC:
1.94%
NEM:
36.80%
^GSPC:
12.52%
NEM:
-77.75%
^GSPC:
-56.78%
NEM:
-50.60%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, NEM achieves a -5.21% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, NEM has underperformed ^GSPC with an annualized return of 10.35%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
NEM
-5.21%
-10.43%
-8.44%
-5.30%
1.85%
10.35%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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 8.87% compared to S&P 500 (^GSPC) at 3.79%. 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.