SSRM vs. NEM
SSRM (SSR Mining Inc.) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, SSRM returned 7.68%/yr vs 11.79%/yr for NEM. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SSRM vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, SSRM achieves a 30.38% return, which is significantly higher than NEM's -4.15% return. Over the past 10 years, SSRM has underperformed NEM with an annualized return of 7.68%, while NEM has yielded a comparatively higher 11.79% annualized return.
SSRM
- 1D
- -1.96%
- 1M
- 8.59%
- 6M
- 29.85%
- YTD
- 30.38%
- 1Y
- 125.75%
- 3Y*
- 27.10%
- 5Y*
- 13.03%
- 10Y*
- 7.68%
NEM
- 1D
- 0.51%
- 1M
- -2.36%
- 6M
- -12.19%
- YTD
- -4.15%
- 1Y
- 60.16%
- 3Y*
- 32.96%
- 5Y*
- 11.48%
- 10Y*
- 11.79%
SSRM vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSRM SSR Mining Inc. | 30.38% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
NEM Newmont Corporation | -4.15% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between SSRM and NEM is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 1996 | 0.59 |
The correlation between SSRM and NEM shifts across timeframes, from 0.59 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SSRM:
$5.93B
NEM:
$101.73B
SSRM:
$3.26
NEM:
$7.15
SSRM:
8.76
NEM:
13.33
SSRM:
0.14
NEM:
0.35
SSRM:
3.27
NEM:
4.07
SSRM:
$1.90B
NEM:
$17.23B
SSRM:
$643.76M
NEM:
$8.97B
SSRM:
$835.27M
NEM:
$13.78B
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Return for Risk
SSRM vs. NEM — Risk / Return Rank
SSRM
NEM
SSRM vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and Newmont Corporation (NEM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSRM | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.09 | +2.09 |
| Martin ratioReturn relative to average drawdown | 10.21 | 4.81 | +5.39 |
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Drawdowns
SSRM vs. NEM - Drawdown Comparison
The maximum SSRM drawdown since its inception was -91.68%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for SSRM and NEM.
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Drawdown Indicators
| SSRM | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.68% | -81.30% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -29.39% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -36.57% | -36.84% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -62.40% | -20.76% |
Max Drawdown (10Y)Largest decline over 10 years | -83.16% | -62.40% | -20.76% |
Current DrawdownCurrent decline from peak | -34.34% | -27.47% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -57.09% | -41.34% | -15.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.80% | 12.73% | +0.07% |
Volatility
SSRM vs. NEM - Volatility Comparison
SSR Mining Inc. (SSRM) has a higher volatility of 19.50% compared to Newmont Corporation (NEM) at 14.14%. This indicates that SSRM's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSRM | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.50% | 14.14% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 55.96% | 37.29% | +18.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.57% | 47.74% | +19.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.32% | 38.15% | +18.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.08% | 35.73% | +17.35% |
Dividends
SSRM vs. NEM - Dividend Comparison
SSRM has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.07% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SSRM vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between SSR Mining Inc. and Newmont Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SSRM and NEM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSRM has higher volatility (19.50%) compared to NEM (14.14%). In terms of maximum drawdown, SSRM dropped -91.68% vs NEM's -81.30%.
SSRM currently has the higher Sharpe Ratio (1.94 vs 1.29), 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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