OLA.TO vs. GOLDX
Compare and contrast key facts about Orla Mining Ltd. (OLA.TO) and Gabelli Gold Fund (GOLDX).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OLA.TO or GOLDX.
Correlation
The correlation between OLA.TO and GOLDX is 0.24, 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
OLA.TO vs. GOLDX - Performance Comparison
Key characteristics
OLA.TO:
3.60
GOLDX:
2.09
OLA.TO:
3.76
GOLDX:
2.65
OLA.TO:
1.48
GOLDX:
1.37
OLA.TO:
5.02
GOLDX:
1.73
OLA.TO:
22.71
GOLDX:
8.06
OLA.TO:
7.69%
GOLDX:
7.57%
OLA.TO:
48.50%
GOLDX:
29.27%
OLA.TO:
-97.30%
GOLDX:
-73.86%
OLA.TO:
-5.77%
GOLDX:
-4.16%
Returns By Period
In the year-to-date period, OLA.TO achieves a 88.69% return, which is significantly higher than GOLDX's 46.21% return. Over the past 10 years, OLA.TO has outperformed GOLDX with an annualized return of 84.70%, while GOLDX has yielded a comparatively lower 11.30% annualized return.
OLA.TO
88.69%
15.27%
111.25%
175.60%
37.23%
84.70%
GOLDX
46.21%
12.39%
22.69%
59.30%
10.55%
11.30%
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Risk-Adjusted Performance
OLA.TO vs. GOLDX — Risk-Adjusted Performance Rank
OLA.TO
GOLDX
OLA.TO vs. GOLDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orla Mining Ltd. (OLA.TO) and Gabelli Gold Fund (GOLDX). 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
OLA.TO vs. GOLDX - Dividend Comparison
OLA.TO has not paid dividends to shareholders, while GOLDX's dividend yield for the trailing twelve months is around 1.45%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|---|
OLA.TO Orla Mining Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOLDX Gabelli Gold Fund | 1.45% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% |
Drawdowns
OLA.TO vs. GOLDX - Drawdown Comparison
The maximum OLA.TO drawdown since its inception was -97.30%, which is greater than GOLDX's maximum drawdown of -73.86%. Use the drawdown chart below to compare losses from any high point for OLA.TO and GOLDX. For additional features, visit the drawdowns tool.
Volatility
OLA.TO vs. GOLDX - Volatility Comparison
Orla Mining Ltd. (OLA.TO) has a higher volatility of 21.88% compared to Gabelli Gold Fund (GOLDX) at 15.48%. This indicates that OLA.TO's price experiences larger fluctuations and is considered to be riskier than GOLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.