OBM.AX vs. GDX
Compare and contrast key facts about Ora Banda Mining Limited (OBM.AX) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBM.AX or GDX.
Correlation
The correlation between OBM.AX and GDX is 0.23, 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.
Performance
OBM.AX vs. GDX - Performance Comparison
Key characteristics
OBM.AX:
4.51
GDX:
1.70
OBM.AX:
4.14
GDX:
2.24
OBM.AX:
1.50
GDX:
1.28
OBM.AX:
2.85
GDX:
0.94
OBM.AX:
20.75
GDX:
5.83
OBM.AX:
13.67%
GDX:
9.08%
OBM.AX:
62.68%
GDX:
31.24%
OBM.AX:
-99.95%
GDX:
-80.57%
OBM.AX:
-98.29%
GDX:
-30.40%
Returns By Period
In the year-to-date period, OBM.AX achieves a 44.62% return, which is significantly higher than GDX's 20.32% return. Over the past 10 years, OBM.AX has underperformed GDX with an annualized return of -26.84%, while GDX has yielded a comparatively higher 8.25% annualized return.
OBM.AX
44.62%
27.03%
80.77%
283.67%
40.87%
-26.84%
GDX
20.32%
8.71%
4.93%
57.79%
7.34%
8.25%
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Risk-Adjusted Performance
OBM.AX vs. GDX — Risk-Adjusted Performance Rank
OBM.AX
GDX
OBM.AX vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ora Banda Mining Limited (OBM.AX) and VanEck Vectors Gold Miners ETF (GDX). 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
OBM.AX vs. GDX - Dividend Comparison
OBM.AX has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.99%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBM.AX Ora Banda Mining 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% |
GDX VanEck Vectors Gold Miners ETF | 0.99% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
OBM.AX vs. GDX - Drawdown Comparison
The maximum OBM.AX drawdown since its inception was -99.95%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for OBM.AX and GDX. For additional features, visit the drawdowns tool.
Volatility
OBM.AX vs. GDX - Volatility Comparison
Ora Banda Mining Limited (OBM.AX) has a higher volatility of 15.59% compared to VanEck Vectors Gold Miners ETF (GDX) at 8.51%. This indicates that OBM.AX's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.