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NIKL vs. IAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NIKL and IAU is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

NIKL vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Nickel Miners ETF (NIKL) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-36.76%
32.28%
NIKL
IAU

Key characteristics

Sharpe Ratio

NIKL:

-0.72

IAU:

1.93

Sortino Ratio

NIKL:

-0.94

IAU:

2.55

Omega Ratio

NIKL:

0.89

IAU:

1.34

Calmar Ratio

NIKL:

-0.44

IAU:

3.55

Martin Ratio

NIKL:

-1.12

IAU:

10.15

Ulcer Index

NIKL:

17.13%

IAU:

2.85%

Daily Std Dev

NIKL:

26.88%

IAU:

14.97%

Max Drawdown

NIKL:

-43.47%

IAU:

-45.14%

Current Drawdown

NIKL:

-43.14%

IAU:

-5.98%

Returns By Period

In the year-to-date period, NIKL achieves a -22.99% return, which is significantly lower than IAU's 26.83% return.


NIKL

YTD

-22.99%

1M

-8.39%

6M

-16.61%

1Y

-20.06%

5Y*

N/A

10Y*

N/A

IAU

YTD

26.83%

1M

-1.06%

6M

12.78%

1Y

27.97%

5Y*

11.90%

10Y*

8.12%

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NIKL vs. IAU - Expense Ratio Comparison

NIKL has a 0.75% expense ratio, which is higher than IAU's 0.25% expense ratio.


NIKL
Sprott Nickel Miners ETF
Expense ratio chart for NIKL: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for IAU: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

NIKL vs. IAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) and iShares Gold Trust (IAU). 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.


Sharpe ratio
The chart of Sharpe ratio for NIKL, currently valued at -0.72, compared to the broader market0.002.004.00-0.721.93
The chart of Sortino ratio for NIKL, currently valued at -0.94, compared to the broader market-2.000.002.004.006.008.0010.00-0.942.55
The chart of Omega ratio for NIKL, currently valued at 0.89, compared to the broader market0.501.001.502.002.503.000.891.34
The chart of Calmar ratio for NIKL, currently valued at -0.44, compared to the broader market0.005.0010.0015.00-0.443.55
The chart of Martin ratio for NIKL, currently valued at -1.12, compared to the broader market0.0020.0040.0060.0080.00100.00-1.1210.15
NIKL
IAU

The current NIKL Sharpe Ratio is -0.72, which is lower than the IAU Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of NIKL and IAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.72
1.93
NIKL
IAU

Dividends

NIKL vs. IAU - Dividend Comparison

NIKL's dividend yield for the trailing twelve months is around 3.52%, while IAU has not paid dividends to shareholders.


TTM2023
NIKL
Sprott Nickel Miners ETF
3.52%19.51%
IAU
iShares Gold Trust
0.00%0.00%

Drawdowns

NIKL vs. IAU - Drawdown Comparison

The maximum NIKL drawdown since its inception was -43.47%, roughly equal to the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for NIKL and IAU. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-43.14%
-5.98%
NIKL
IAU

Volatility

NIKL vs. IAU - Volatility Comparison

Sprott Nickel Miners ETF (NIKL) has a higher volatility of 6.62% compared to iShares Gold Trust (IAU) at 5.17%. This indicates that NIKL's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
6.62%
5.17%
NIKL
IAU
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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