NEON vs. GLDM
NEON (Neonode Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, NEON returned -21.46%/yr vs 18.49%/yr for GLDM. At a 0.04 correlation, their price movements are largely independent.
Performance
NEON vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, NEON achieves a 4.60% return, which is significantly higher than GLDM's 3.00% return.
NEON
- 1D
- 10.98%
- 1M
- 9.64%
- YTD
- 4.60%
- 6M
- -21.89%
- 1Y
- -82.42%
- 3Y*
- -39.91%
- 5Y*
- -21.46%
- 10Y*
- -20.16%
GLDM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.60%
- 1Y
- 32.42%
- 3Y*
- 31.49%
- 5Y*
- 18.49%
- 10Y*
- —
NEON vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NEON Neonode Inc. | 4.60% | -78.86% | 259.39% | -58.36% | -37.85% | 31.11% | 247.94% | 16.87% | -57.44% |
GLDM SPDR Gold MiniShares Trust | 3.00% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
Correlation
The correlation between NEON and GLDM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.04 |
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Return for Risk
NEON vs. GLDM — Risk / Return Rank
NEON
GLDM
NEON vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neonode Inc. (NEON) and SPDR Gold MiniShares Trust (GLDM). 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.
| NEON | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.25 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 1.70 | -2.56 |
| Martin ratioReturn relative to average drawdown | -1.03 | 4.23 | -5.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEON | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | 1.24 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 1.04 | -1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 1.02 | -1.23 |
Drawdowns
NEON vs. GLDM - Drawdown Comparison
The maximum NEON drawdown since its inception was -99.93%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for NEON and GLDM.
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Drawdown Indicators
| NEON | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -21.63% | -78.30% |
Max Drawdown (1Y)Largest decline over 1 year | -95.67% | -19.14% | -76.53% |
Max Drawdown (3Y)Largest decline over 3 years | -95.67% | -19.14% | -76.53% |
Max Drawdown (5Y)Largest decline over 5 years | -95.67% | -20.92% | -74.75% |
Max Drawdown (10Y)Largest decline over 10 years | -95.67% | — | — |
Current DrawdownCurrent decline from peak | -99.89% | -17.65% | -82.24% |
Average DrawdownAverage peak-to-trough decline | -96.77% | -6.22% | -90.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.08% | 7.69% | +72.39% |
Volatility
NEON vs. GLDM - Volatility Comparison
Neonode Inc. (NEON) has a higher volatility of 25.36% compared to SPDR Gold MiniShares Trust (GLDM) at 5.47%. This indicates that NEON's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEON | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.36% | 5.47% | +19.89% |
Volatility (6M)Calculated over the trailing 6-month period | 43.84% | 22.99% | +20.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 123.49% | 26.39% | +97.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.66% | 17.91% | +89.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.89% | 16.85% | +82.04% |
Dividends
NEON vs. GLDM - Dividend Comparison
Neither NEON nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
NEON and GLDM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEON has higher volatility (25.36%) compared to GLDM (5.47%). In terms of maximum drawdown, NEON dropped -99.93% vs GLDM's -21.63%.
GLDM currently has the higher Sharpe Ratio (1.24 vs -0.67), 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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