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NRG vs. GLDM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NRG vs. GLDM

Last updated Jun 9, 2026

NRG (NRG Energy, Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, NRG returned 31.87%/yr vs 17.89%/yr for GLDM. At a 0.06 correlation, their price movements are largely independent.

Performance

NRG vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NRG Energy, Inc. (NRG) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NRG achieves a -19.30% return, which is significantly lower than GLDM's 0.30% return.

NRG

1D
-1.15%
1M
-7.53%
YTD
-19.30%
6M
-21.70%
1Y
-17.17%
3Y*
58.56%
5Y*
31.87%
10Y*
26.54%

GLDM

1D
0.25%
1M
-8.41%
YTD
0.30%
6M
3.19%
1Y
30.55%
3Y*
30.08%
5Y*
17.89%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NRG vs. GLDM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
NRG
NRG Energy, Inc.		-19.30%78.91%78.58%69.36%-23.47%18.54%-2.14%0.69%27.73%
GLDM
SPDR Gold MiniShares Trust		0.30%64.20%27.08%13.04%-0.47%-4.01%25.10%18.10%1.75%

Correlation

The correlation between NRG and GLDM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2018

0.06

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NRG Energy, Inc.

SPDR Gold MiniShares Trust

Often compared with NRG:
NRG vs. NEENRG vs. EDNRG vs. SONRG vs. CWENNRG vs. XLUNRG vs. FRNRG vs. GNE
Often compared with GLDM:
GLDM vs. GLDGLDM vs. IAUGLDM vs. IAUMGLDM vs. GDXGLDM vs. SGOLGLDM vs. VOOGLDM vs. SPY

Return for Risk

NRG vs. GLDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NRG
NRG Risk / Return Rank: 2222
Overall Rank
NRG Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
NRG Sortino Ratio Rank: 2525
Sortino Ratio Rank
NRG Omega Ratio Rank: 2525
Omega Ratio Rank
NRG Calmar Ratio Rank: 2424
Calmar Ratio Rank
NRG Martin Ratio Rank: 1111
Martin Ratio Rank
GLDM
GLDM Risk / Return Rank: 3434
Overall Rank
GLDM Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
GLDM Sortino Ratio Rank: 3131
Sortino Ratio Rank
GLDM Omega Ratio Rank: 3939
Omega Ratio Rank
GLDM Calmar Ratio Rank: 3434
Calmar Ratio Rank
GLDM Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRG vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NRG Energy, Inc. (NRG) and SPDR Gold MiniShares Trust (GLDM). 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.

NRGGLDMDifference
Sharpe ratioReturn per unit of total volatility
-0.39
1.15

-1.54

Sortino ratioReturn per unit of downside risk
-0.27
1.54

-1.81

Omega ratioGain probability vs. loss probability

0.97

1.23

-0.27

Calmar ratioReturn relative to maximum drawdown

-0.53

1.53

-2.06

Martin ratioReturn relative to average drawdown

-1.31

3.85

-5.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRG vs. GLDM - Sharpe Ratio Comparison

The current NRG Sharpe Ratio is -0.39, which is lower than the GLDM Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of NRG and GLDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

NRGGLDMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.39

1.15

-1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

1.00

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.99

-0.64

Drawdowns

NRG vs. GLDM - Drawdown Comparison

The maximum NRG drawdown since its inception was -79.41%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for NRG and GLDM.

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Drawdown Indicators

NRGGLDMDifference

Max Drawdown

Largest peak-to-trough decline

-79.41%

-21.63%

-57.78%

Max Drawdown (1Y)

Largest decline over 1 year

-32.57%

-20.00%

-12.57%

Max Drawdown (3Y)

Largest decline over 3 years

-32.57%

-20.00%

-12.57%

Max Drawdown (5Y)

Largest decline over 5 years

-32.62%

-20.92%

-11.70%

Max Drawdown (10Y)

Largest decline over 10 years

-48.76%

—

—

Current Drawdown

Current decline from peak

-30.39%

-19.80%

-10.59%

Average Drawdown

Average peak-to-trough decline

-28.00%

-6.24%

-21.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.14%

7.96%

+5.18%

Volatility

NRG vs. GLDM - Volatility Comparison

NRG Energy, Inc. (NRG) has a higher volatility of 13.75% compared to SPDR Gold MiniShares Trust (GLDM) at 5.65%. This indicates that NRG's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NRGGLDMDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.75%

5.65%

+8.10%

Volatility (6M)

Calculated over the trailing 6-month period

34.40%

23.31%

+11.09%

Volatility (1Y)

Calculated over the trailing 1-year period

44.45%

26.65%

+17.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.91%

17.98%

+21.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.24%

16.89%

+22.35%

Dividends

NRG vs. GLDM - Dividend Comparison

NRG's dividend yield for the trailing twelve months is around 1.43%, while GLDM has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GLDM
SPDR Gold MiniShares Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NRG
NRG Energy, Inc.		1.43%1.11%1.81%2.92%4.40%3.02%3.20%0.30%0.30%0.42%1.92%4.93%

Frequently Asked Questions

NRG and GLDM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NRG has higher volatility (13.75%) compared to GLDM (5.65%). In terms of maximum drawdown, NRG dropped -79.41% vs GLDM's -21.63%.

GLDM currently has the higher Sharpe Ratio (1.15 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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