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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGD.TO or GDXJ.
Correlation
The correlation between NGD.TO and GDXJ is 0.72, 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.
Performance
NGD.TO vs. GDXJ - Performance Comparison
Key characteristics
NGD.TO:
3.07
GDXJ:
1.76
NGD.TO:
3.65
GDXJ:
2.34
NGD.TO:
1.42
GDXJ:
1.28
NGD.TO:
1.83
GDXJ:
0.80
NGD.TO:
20.47
GDXJ:
6.82
NGD.TO:
8.02%
GDXJ:
9.01%
NGD.TO:
53.45%
GDXJ:
34.91%
NGD.TO:
-95.16%
GDXJ:
-88.66%
NGD.TO:
-71.09%
GDXJ:
-61.31%
Returns By Period
In the year-to-date period, NGD.TO achieves a 14.76% return, which is significantly lower than GDXJ's 19.35% return. Over the past 10 years, NGD.TO has underperformed GDXJ with an annualized return of -0.54%, while GDXJ has yielded a comparatively higher 8.58% annualized return.
NGD.TO
14.76%
2.23%
12.57%
164.10%
29.49%
-0.54%
GDXJ
19.35%
10.86%
8.29%
61.43%
4.07%
8.58%
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Risk-Adjusted Performance
NGD.TO vs. GDXJ — Risk-Adjusted Performance Rank
NGD.TO
GDXJ
NGD.TO vs. GDXJ - Risk-Adjusted Performance 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.
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 2.18%.
| 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% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 2.18% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% |
Drawdowns
NGD.TO vs. GDXJ - Drawdown Comparison
The maximum NGD.TO drawdown since its inception was -95.16%, which is greater than GDXJ's maximum drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for NGD.TO and GDXJ. For additional features, visit the drawdowns tool.
Volatility
NGD.TO vs. GDXJ - Volatility Comparison
New Gold Inc. (NGD.TO) has a higher volatility of 12.61% compared to VanEck Vectors Junior Gold Miners ETF (GDXJ) at 8.59%. This indicates that NGD.TO's price experiences larger fluctuations and is considered to be riskier than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.