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:
0.97
^GSPC:
0.25
NEM:
1.43
^GSPC:
0.41
NEM:
1.21
^GSPC:
1.06
NEM:
0.65
^GSPC:
0.30
NEM:
1.95
^GSPC:
1.15
NEM:
17.67%
^GSPC:
3.18%
NEM:
35.31%
^GSPC:
14.78%
NEM:
-77.55%
^GSPC:
-56.78%
NEM:
-37.26%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, NEM achieves a 30.62% return, which is significantly higher than ^GSPC's -8.25% return. Both investments have delivered pretty close results over the past 10 years, with NEM having a 10.50% annualized return and ^GSPC not far behind at 10.02%.
NEM
30.62%
13.69%
-8.07%
32.79%
3.81%
10.50%
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
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Risk-Adjusted Performance
NEM vs. ^GSPC — Risk-Adjusted Performance Rank
NEM
^GSPC
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 -77.55%, 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) and S&P 500 (^GSPC) have volatilities of 7.61% and 7.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.