TYGO vs. GDX
TYGO (Tigo Energy Inc.) is a stock, while GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Over the past 3 years, TYGO returned -43.32%/yr vs 38.96%/yr for GDX. At a 0.13 correlation, their price movements are largely independent.
Performance
TYGO vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, TYGO achieves a 107.97% return, which is significantly higher than GDX's -6.69% return.
TYGO
- 1D
- -2.05%
- 1M
- -27.34%
- YTD
- 107.97%
- 6M
- 81.65%
- 1Y
- 145.30%
- 3Y*
- -43.32%
- 5Y*
- —
- 10Y*
- —
GDX
- 1D
- 2.97%
- 1M
- -8.38%
- YTD
- -6.69%
- 6M
- -5.89%
- 1Y
- 48.02%
- 3Y*
- 38.96%
- 5Y*
- 17.51%
- 10Y*
- 13.29%
TYGO vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYGO Tigo Energy Inc. | 107.97% | 40.12% | -52.88% | -79.51% | 3.03% | 3.02% |
GDX VanEck Gold Miners ETF | -6.69% | 154.77% | 10.63% | 9.98% | -9.01% | 0.28% |
Correlation
The correlation between TYGO and GDX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2021 | 0.13 |
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Return for Risk
TYGO vs. GDX — Risk / Return Rank
TYGO
GDX
TYGO vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tigo Energy Inc. (TYGO) 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.
| TYGO | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.40 | +1.30 |
| Martin ratioReturn relative to average drawdown | 6.25 | 3.87 | +2.38 |
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Drawdowns
TYGO vs. GDX - Drawdown Comparison
The maximum TYGO drawdown since its inception was -97.45%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for TYGO and GDX.
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Drawdown Indicators
| TYGO | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.45% | -80.34% | -17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -49.64% | -36.28% | -13.36% |
Max Drawdown (3Y)Largest decline over 3 years | -97.45% | -36.28% | -61.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.79% | — |
Current DrawdownCurrent decline from peak | -89.07% | -30.91% | -58.16% |
Average DrawdownAverage peak-to-trough decline | -55.49% | -40.41% | -15.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 13.11% | +8.31% |
Volatility
TYGO vs. GDX - Volatility Comparison
Tigo Energy Inc. (TYGO) and VanEck Gold Miners ETF (GDX) have volatilities of 17.85% and 17.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYGO | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.85% | 17.20% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 77.62% | 39.15% | +38.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.13% | 46.89% | +54.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.03% | 36.74% | +55.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.03% | 37.34% | +54.69% |
Dividends
TYGO vs. GDX - Dividend Comparison
TYGO has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.79% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
TYGO Tigo Energy Inc. | 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
TYGO and GDX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYGO has higher volatility (17.85%) compared to GDX (17.20%). In terms of maximum drawdown, TYGO dropped -97.45% vs GDX's -80.34%.
TYGO currently has the higher Sharpe Ratio (1.33 vs 1.09), 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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