NGD vs. AAAU
Compare and contrast key facts about New Gold Inc. (NGD) and Goldman Sachs Physical Gold ETF (AAAU).
AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGD or AAAU.
Key characteristics
| NGD | AAAU | |
|---|---|---|
| YTD Return | 69.86% | 24.57% |
| 1Y Return | 101.63% | 30.85% |
| 3Y Return (Ann) | 11.72% | 11.13% |
| 5Y Return (Ann) | 24.21% | 11.73% |
| Sharpe Ratio | 2.09 | 2.17 |
| Sortino Ratio | 2.83 | 2.90 |
| Omega Ratio | 1.31 | 1.38 |
| Calmar Ratio | 1.30 | 4.14 |
| Martin Ratio | 11.56 | 13.73 |
| Ulcer Index | 10.33% | 2.32% |
| Daily Std Dev | 57.28% | 14.63% |
| Max Drawdown | -96.73% | -21.63% |
| Current Drawdown | -82.35% | -7.69% |
Correlation
The correlation between NGD and AAAU is 0.53, 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 vs. AAAU - Performance Comparison
In the year-to-date period, NGD achieves a 69.86% return, which is significantly higher than AAAU's 24.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NGD vs. AAAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Goldman Sachs Physical Gold ETF (AAAU). 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 vs. AAAU - Dividend Comparison
Neither NGD nor AAAU has paid dividends to shareholders.
Drawdowns
NGD vs. AAAU - Drawdown Comparison
The maximum NGD drawdown since its inception was -96.73%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for NGD and AAAU. For additional features, visit the drawdowns tool.
Volatility
NGD vs. AAAU - Volatility Comparison
New Gold Inc. (NGD) has a higher volatility of 13.55% compared to Goldman Sachs Physical Gold ETF (AAAU) at 5.41%. This indicates that NGD's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.