NGD.TO vs. GDXJ
Compare and contrast key facts about New Gold Inc. (NGD.TO) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009.
Performance
NGD.TO vs. GDXJ - Performance Comparison
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NGD.TO vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGD.TO New Gold Inc. | 1.67% | 233.15% | 86.98% | 44.36% | -29.63% | -32.50% | 143.48% | 9.52% | -74.58% | -12.31% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 6.93% | 159.80% | 25.61% | 4.76% | -8.44% | -21.96% | 28.19% | 33.54% | -3.48% | 1.32% |
Different Trading Currencies
NGD.TO is traded in CAD, while GDXJ is traded in USD. To make them comparable, the GDXJ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NGD.TO achieves a 1.67% return, which is significantly lower than GDXJ's 6.93% return. Over the past 10 years, NGD.TO has underperformed GDXJ with an annualized return of 10.00%, while GDXJ has yielded a comparatively higher 18.16% annualized return.
NGD.TO
- 1D
- 0.00%
- 1M
- -33.62%
- YTD
- 1.67%
- 6M
- 21.97%
- 1Y
- 128.57%
- 3Y*
- 106.05%
- 5Y*
- 42.91%
- 10Y*
- 10.00%
GDXJ
- 1D
- 8.40%
- 1M
- -21.63%
- YTD
- 6.93%
- 6M
- 23.90%
- 1Y
- 107.54%
- 3Y*
- 48.96%
- 5Y*
- 25.26%
- 10Y*
- 18.16%
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Return for Risk
NGD.TO vs. GDXJ — Risk / Return Rank
NGD.TO
GDXJ
NGD.TO vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD.TO) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.
| NGD.TO | GDXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.60 | 2.22 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.81 | 2.46 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 4.56 | 3.38 | +1.19 |
Martin ratioReturn relative to average drawdown | 17.34 | 11.88 | +5.46 |
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
| NGD.TO | GDXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.22 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.67 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.43 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.12 | -0.10 |
Correlation
The correlation between NGD.TO and GDXJ is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NGD.TO vs. GDXJ - Dividend Comparison
NGD.TO has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.21%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 2.21% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
Drawdowns
NGD.TO vs. GDXJ - Drawdown Comparison
The maximum NGD.TO drawdown since its inception was -98.39%, which is greater than GDXJ's maximum drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for NGD.TO and GDXJ.
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Drawdown Indicators
| NGD.TO | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.39% | -88.66% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -35.75% | -32.92% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -69.29% | -51.76% | -17.53% |
Max Drawdown (10Y)Largest decline over 10 years | -91.12% | -57.77% | -33.35% |
Current DrawdownCurrent decline from peak | -71.56% | -23.14% | -48.42% |
Average DrawdownAverage peak-to-trough decline | -80.86% | -60.91% | -19.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 9.43% | -0.02% |
Volatility
NGD.TO vs. GDXJ - Volatility Comparison
New Gold Inc. (NGD.TO) and VanEck Vectors Junior Gold Miners ETF (GDXJ) have volatilities of 20.35% and 20.30%, 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.
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Volatility by Period
| NGD.TO | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.35% | 20.30% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 50.26% | 41.20% | +9.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.83% | 48.80% | +14.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.65% | 37.70% | +22.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.57% | 42.29% | +21.28% |