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OR vs. GLDM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OR and GLDM is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

OR vs. GLDM - Performance Comparison

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

80.00%100.00%120.00%140.00%160.00%JulyAugustSeptemberOctoberNovemberDecember
118.34%
106.47%
OR
GLDM

Key characteristics

Sharpe Ratio

OR:

0.99

GLDM:

1.96

Sortino Ratio

OR:

1.46

GLDM:

2.58

Omega Ratio

OR:

1.18

GLDM:

1.34

Calmar Ratio

OR:

1.30

GLDM:

3.60

Martin Ratio

OR:

5.35

GLDM:

10.29

Ulcer Index

OR:

5.29%

GLDM:

2.83%

Daily Std Dev

OR:

28.64%

GLDM:

14.88%

Max Drawdown

OR:

-61.96%

GLDM:

-21.63%

Current Drawdown

OR:

-13.32%

GLDM:

-5.88%

Returns By Period

In the year-to-date period, OR achieves a 29.17% return, which is significantly higher than GLDM's 27.06% return.


OR

YTD

29.17%

1M

-7.81%

6M

11.95%

1Y

26.22%

5Y*

17.17%

10Y*

N/A

GLDM

YTD

27.06%

1M

-0.97%

6M

12.95%

1Y

28.19%

5Y*

12.04%

10Y*

N/A

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Risk-Adjusted Performance

OR vs. GLDM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Osisko Gold Royalties Ltd (OR) 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.


Sharpe ratio
The chart of Sharpe ratio for OR, currently valued at 0.99, compared to the broader market-4.00-2.000.002.000.991.96
The chart of Sortino ratio for OR, currently valued at 1.46, compared to the broader market-4.00-2.000.002.004.001.462.58
The chart of Omega ratio for OR, currently valued at 1.18, compared to the broader market0.501.001.502.001.181.34
The chart of Calmar ratio for OR, currently valued at 1.30, compared to the broader market0.002.004.006.001.303.60
The chart of Martin ratio for OR, currently valued at 5.35, compared to the broader market-5.000.005.0010.0015.0020.0025.005.3510.29
OR
GLDM

The current OR Sharpe Ratio is 0.99, which is lower than the GLDM Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of OR and GLDM, 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 Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.99
1.96
OR
GLDM

Dividends

OR vs. GLDM - Dividend Comparison

OR's dividend yield for the trailing twelve months is around 1.01%, while GLDM has not paid dividends to shareholders.


TTM20232022202120202019201820172016
OR
Osisko Gold Royalties Ltd
1.01%1.23%1.84%1.82%1.18%1.56%1.72%1.21%1.65%
GLDM
SPDR Gold MiniShares Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

OR vs. GLDM - Drawdown Comparison

The maximum OR drawdown since its inception was -61.96%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for OR and GLDM. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-13.32%
-5.88%
OR
GLDM

Volatility

OR vs. GLDM - Volatility Comparison

Osisko Gold Royalties Ltd (OR) has a higher volatility of 8.31% compared to SPDR Gold MiniShares Trust (GLDM) at 5.16%. This indicates that OR'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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
8.31%
5.16%
OR
GLDM
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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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