NVA.AX vs. XME
Compare and contrast key facts about Nova Minerals Limited (NVA.AX) and SPDR S&P Metals & Mining ETF (XME).
XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006.
Performance
NVA.AX vs. XME - Performance Comparison
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NVA.AX vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVA.AX Nova Minerals Limited | -11.39% | 113.51% | 2.78% | -47.06% | -41.13% | -27.81% | 263.64% | 109.52% | -54.35% | 228.57% |
XME SPDR S&P Metals & Mining ETF | 2.88% | 70.15% | 5.06% | 21.60% | 20.61% | 42.84% | 5.77% | 15.23% | -18.93% | 11.94% |
Different Trading Currencies
NVA.AX is traded in AUD, while XME is traded in USD. To make them comparable, the XME values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NVA.AX achieves a -11.39% return, which is significantly lower than XME's 2.88% return. Over the past 10 years, NVA.AX has underperformed XME with an annualized return of 6.58%, while XME has yielded a comparatively higher 21.06% annualized return.
NVA.AX
- 1D
- 8.53%
- 1M
- -23.91%
- YTD
- -11.39%
- 6M
- 20.69%
- 1Y
- 150.00%
- 3Y*
- 15.02%
- 5Y*
- -15.76%
- 10Y*
- 6.58%
XME
- 1D
- 1.98%
- 1M
- -7.15%
- YTD
- 2.88%
- 6M
- 10.98%
- 1Y
- 79.96%
- 3Y*
- 26.99%
- 5Y*
- 25.82%
- 10Y*
- 21.06%
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Return for Risk
NVA.AX vs. XME — Risk / Return Rank
NVA.AX
XME
NVA.AX vs. XME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nova Minerals Limited (NVA.AX) and SPDR S&P Metals & Mining ETF (XME). 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.
| NVA.AX | XME | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 2.53 | -1.49 |
Sortino ratioReturn per unit of downside risk | 2.43 | 3.01 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.26 | -1.57 |
Martin ratioReturn relative to average drawdown | 3.46 | 9.19 | -5.73 |
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
| NVA.AX | XME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.53 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.93 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.73 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.16 | -0.20 |
Correlation
The correlation between NVA.AX and XME is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NVA.AX vs. XME - Dividend Comparison
NVA.AX has not paid dividends to shareholders, while XME's dividend yield for the trailing twelve months is around 0.35%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVA.AX Nova Minerals Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XME SPDR S&P Metals & Mining ETF | 0.35% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Drawdowns
NVA.AX vs. XME - Drawdown Comparison
The maximum NVA.AX drawdown since its inception was -99.98%, which is greater than XME's maximum drawdown of -80.42%. Use the drawdown chart below to compare losses from any high point for NVA.AX and XME.
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Drawdown Indicators
| NVA.AX | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -85.89% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -64.22% | -22.60% | -41.62% |
Max Drawdown (5Y)Largest decline over 5 years | -93.16% | -37.27% | -55.89% |
Max Drawdown (10Y)Largest decline over 10 years | -94.22% | -61.69% | -32.53% |
Current DrawdownCurrent decline from peak | -99.65% | -16.34% | -83.31% |
Average DrawdownAverage peak-to-trough decline | -86.03% | -44.44% | -41.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.52% | 7.94% | +23.58% |
Volatility
NVA.AX vs. XME - Volatility Comparison
Nova Minerals Limited (NVA.AX) has a higher volatility of 28.60% compared to SPDR S&P Metals & Mining ETF (XME) at 9.60%. This indicates that NVA.AX's price experiences larger fluctuations and is considered to be riskier than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVA.AX | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.60% | 9.60% | +19.00% |
Volatility (6M)Calculated over the trailing 6-month period | 123.60% | 25.16% | +98.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 150.83% | 31.82% | +119.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.81% | 27.96% | +78.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.29% | 29.06% | +90.23% |