NGD.TO vs. GDX
Compare and contrast key facts about New Gold Inc. (NGD.TO) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGD.TO or GDX.
Correlation
The correlation between NGD.TO and GDX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NGD.TO vs. GDX - Performance Comparison
Key characteristics
NGD.TO:
2.95
GDX:
1.70
NGD.TO:
3.53
GDX:
2.24
NGD.TO:
1.41
GDX:
1.28
NGD.TO:
1.78
GDX:
0.94
NGD.TO:
19.82
GDX:
5.83
NGD.TO:
8.04%
GDX:
9.08%
NGD.TO:
53.94%
GDX:
31.24%
NGD.TO:
-95.16%
GDX:
-80.57%
NGD.TO:
-71.79%
GDX:
-30.40%
Returns By Period
In the year-to-date period, NGD.TO achieves a 11.98% return, which is significantly lower than GDX's 20.32% return. Over the past 10 years, NGD.TO has underperformed GDX with an annualized return of -0.74%, while GDX has yielded a comparatively higher 8.25% annualized return.
NGD.TO
11.98%
-0.74%
12.29%
168.00%
28.80%
-0.74%
GDX
20.32%
8.71%
4.93%
57.79%
7.34%
8.25%
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Risk-Adjusted Performance
NGD.TO vs. GDX — Risk-Adjusted Performance Rank
NGD.TO
GDX
NGD.TO vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD.TO) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
NGD.TO vs. GDX - Dividend Comparison
NGD.TO has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.99%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGD.TO New Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 0.99% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
NGD.TO vs. GDX - Drawdown Comparison
The maximum NGD.TO drawdown since its inception was -95.16%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for NGD.TO and GDX. For additional features, visit the drawdowns tool.
Volatility
NGD.TO vs. GDX - Volatility Comparison
New Gold Inc. (NGD.TO) has a higher volatility of 14.95% compared to VanEck Vectors Gold Miners ETF (GDX) at 8.51%. This indicates that NGD.TO's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.