THM vs. GDX
THM (International Tower Hill Mines 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, THM returned 10.28%/yr vs 12.31%/yr for GDX. At a 0.49 correlation, their price movements are largely independent.
Performance
THM vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, THM achieves a 16.13% return, which is significantly higher than GDX's -10.23% return. Over the past 10 years, THM has underperformed GDX with an annualized return of 10.28%, while GDX has yielded a comparatively higher 12.31% annualized return.
THM
- 1D
- 10.20%
- 1M
- -13.94%
- YTD
- 16.13%
- 6M
- 3.85%
- 1Y
- 141.33%
- 3Y*
- 71.24%
- 5Y*
- 15.52%
- 10Y*
- 10.28%
GDX
- 1D
- 1.76%
- 1M
- -9.88%
- YTD
- -10.23%
- 6M
- -15.65%
- 1Y
- 47.40%
- 3Y*
- 39.07%
- 5Y*
- 19.15%
- 10Y*
- 12.31%
THM vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THM International Tower Hill Mines Ltd. | 16.13% | 308.43% | -22.15% | 37.58% | -42.13% | -46.76% | 155.56% | 3.95% | 20.81% | -21.10% |
GDX VanEck Gold Miners ETF | -10.23% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between THM and GDX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 1, 2007 | 0.49 |
The correlation between THM and GDX shifts across timeframes, from 0.48 (10 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
THM vs. GDX — Risk / Return Rank
THM
GDX
THM vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Tower Hill Mines Ltd. (THM) 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.
| THM | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.31 | +1.67 |
| Martin ratioReturn relative to average drawdown | 5.50 | 3.33 | +2.17 |
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Drawdowns
THM vs. GDX - Drawdown Comparison
The maximum THM drawdown since its inception was -98.18%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for THM and GDX.
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Drawdown Indicators
| THM | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.18% | -80.34% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -47.65% | -36.28% | -11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -48.95% | -36.28% | -12.67% |
Max Drawdown (5Y)Largest decline over 5 years | -70.71% | -46.51% | -24.20% |
Max Drawdown (10Y)Largest decline over 10 years | -84.16% | -49.79% | -34.37% |
Current DrawdownCurrent decline from peak | -79.19% | -33.53% | -45.66% |
Average DrawdownAverage peak-to-trough decline | -74.75% | -40.40% | -34.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.83% | 14.28% | +11.55% |
Volatility
THM vs. GDX - Volatility Comparison
International Tower Hill Mines Ltd. (THM) has a higher volatility of 29.91% compared to VanEck Gold Miners ETF (GDX) at 17.35%. This indicates that THM'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.
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Volatility by Period
| THM | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.91% | 17.35% | +12.56% |
Volatility (6M)Calculated over the trailing 6-month period | 64.26% | 40.08% | +24.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.31% | 47.78% | +49.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.32% | 36.93% | +45.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.81% | 37.38% | +43.43% |
Dividends
THM vs. GDX - Dividend Comparison
THM has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.82% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
THM International Tower Hill Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THM and GDX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THM has higher volatility (29.91%) compared to GDX (17.35%). In terms of maximum drawdown, THM dropped -98.18% vs GDX's -80.34%.
THM currently has the higher Sharpe Ratio (1.46 vs 1.00), 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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