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 -31.09%/yr vs 17.31%/yr for GLDM. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
NEON vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, NEON achieves a -51.60% return, which is significantly lower than GLDM's -6.13% return.
NEON
- 1D
- 5.55%
- 1M
- -9.14%
- 6M
- -53.48%
- YTD
- -51.60%
- 1Y
- -96.19%
- 3Y*
- -40.85%
- 5Y*
- -31.09%
- 10Y*
- -24.58%
- ALL TIME*
- -32.17%
GLDM
- 1D
- -1.46%
- 1M
- -1.72%
- 6M
- -16.53%
- YTD
- -6.13%
- 1Y
- 20.58%
- 3Y*
- 27.59%
- 5Y*
- 17.31%
- 10Y*
- —
- ALL TIME*
- 15.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $263.44M | $251.25M | $317.77M | |
NEON Neonode Inc. | $84.16K | $91.78K | $250.61K |
NEON vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NEON Neonode Inc. | -51.60% | -78.86% | 259.39% | -58.36% | -37.85% | 31.11% | 247.94% | 16.87% | -52.57% |
GLDM SPDR Gold MiniShares Trust | -6.13% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between NEON and GLDM is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.05 |
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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.
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.
| NEON | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 1.17 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 0.88 | -1.87 |
| Martin ratioReturn relative to average drawdown | -1.09 | 1.90 | -2.99 |
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Drawdowns
NEON vs. GLDM - Drawdown Comparison
The maximum NEON drawdown since its inception was -99.95%, which is greater than GLDM's maximum drawdown of -26.27%. 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 | -99.95% | -26.27% | -73.68% |
Max Drawdown (1Y)Largest decline over 1 year | -97.08% | -26.27% | -70.81% |
Max Drawdown (3Y)Largest decline over 3 years | -97.43% | -26.27% | -71.16% |
Max Drawdown (5Y)Largest decline over 5 years | -97.43% | -26.27% | -71.16% |
Max Drawdown (10Y)Largest decline over 10 years | -97.43% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -24.94% | -75.01% |
Average DrawdownAverage peak-to-trough decline | -96.77% | -6.56% | -90.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 87.67% | 12.12% | +75.55% |
Volatility
NEON vs. GLDM - Volatility Comparison
Neonode Inc. (NEON) has a higher volatility of 23.04% compared to SPDR Gold MiniShares Trust (GLDM) at 6.35%. 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 | 23.04% | 6.35% | +16.69% |
Volatility (6M)Calculated over the trailing 6-month period | 59.92% | 23.37% | +36.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.76% | 27.92% | +76.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.25% | 18.39% | +90.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.60% | 17.10% | +82.50% |
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 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEON has higher volatility (23.04%) compared to GLDM (6.35%). In terms of maximum drawdown, NEON dropped -99.95% vs GLDM's -26.27%.
GLDM currently has the higher Sharpe Ratio (0.83 vs -0.92), 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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