TEN vs. GDX
TEN (Tsakos Energy Navigation Ltd) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Over the past 10 years, TEN returned 10.54%/yr vs 10.07%/yr for GDX. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
TEN vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, TEN achieves a 87.00% return, which is significantly higher than GDX's -13.61% return. Both investments have delivered pretty close results over the past 10 years, with TEN having a 10.54% annualized return and GDX not far behind at 10.07%.
TEN
- 1D
- 1.08%
- 1M
- 10.15%
- 6M
- 54.31%
- YTD
- 87.00%
- 1Y
- 120.24%
- 3Y*
- 34.03%
- 5Y*
- 45.40%
- 10Y*
- 10.54%
- ALL TIME*
- 5.47%
GDX
- 1D
- -3.49%
- 1M
- -5.52%
- 6M
- -21.34%
- YTD
- -13.61%
- 1Y
- 42.30%
- 3Y*
- 36.42%
- 5Y*
- 17.86%
- 10Y*
- 10.07%
- ALL TIME*
- 4.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26B | $1.34B | $1.78B | |
| $7.70M | $8.38M | $11.43M |
TEN vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEN Tsakos Energy Navigation Ltd | 87.00% | 36.04% | -16.03% | 40.05% | 138.54% | -8.72% | -61.54% | 68.70% | -28.96% | -12.82% |
GDX VanEck Gold Miners ETF | -13.61% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between TEN and GDX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 22, 2006 | 0.17 |
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Return for Risk
TEN vs. GDX — Risk / Return Rank
TEN
GDX
TEN vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tsakos Energy Navigation Ltd (TEN) and VanEck 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.
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.
| TEN | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.18 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.99 | 1.15 | +4.84 |
| Martin ratioReturn relative to average drawdown | 16.97 | 2.48 | +14.49 |
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Drawdowns
TEN vs. GDX - Drawdown Comparison
The maximum TEN drawdown since its inception was -92.52%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for TEN and GDX.
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Drawdown Indicators
| TEN | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -80.34% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.46% | -38.93% | +18.47% |
Max Drawdown (3Y)Largest decline over 3 years | -52.64% | -38.93% | -13.71% |
Max Drawdown (5Y)Largest decline over 5 years | -52.64% | -46.51% | -6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -68.69% | -49.79% | -18.90% |
Current DrawdownCurrent decline from peak | -44.87% | -36.03% | -8.84% |
Average DrawdownAverage peak-to-trough decline | -57.17% | -40.37% | -16.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 17.97% | -10.76% |
Volatility
TEN vs. GDX - Volatility Comparison
The current volatility for Tsakos Energy Navigation Ltd (TEN) is 10.89%, while VanEck Gold Miners ETF (GDX) has a volatility of 12.73%. This indicates that TEN experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEN | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.89% | 12.73% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 28.29% | 39.94% | -11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.16% | 48.49% | -12.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.92% | 37.23% | +9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.21% | 37.34% | +11.87% |
Dividends
TEN vs. GDX - Dividend Comparison
TEN's dividend yield for the trailing twelve months is around 4.99%, more than GDX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.85% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
TEN Tsakos Energy Navigation Ltd | 4.99% | 4.91% | 8.65% | 5.85% | 1.48% | 1.38% | 6.23% | 2.29% | 5.64% | 5.12% | 6.18% | 3.03% |
Frequently Asked Questions
TEN and GDX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (12.73%) compared to TEN (10.89%). In terms of maximum drawdown, TEN dropped -92.52% vs GDX's -80.34%.
TEN currently has the higher Sharpe Ratio (3.40 vs 0.92), 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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