ULTA vs. NEM

Last updated Jun 13, 2026

ULTA (Ulta Beauty, Inc.) and NEM (Newmont Corporation) are both stocks. ULTA operates in Specialty Retail (Consumer Cyclical), while NEM operates in Gold (Basic Materials). Over the past 10 years, ULTA returned 7.00%/yr vs 13.80%/yr for NEM. At a 0.07 correlation, their price movements are largely independent.

Performance

ULTA vs. NEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ulta Beauty, Inc. (ULTA) and Newmont Corporation (NEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULTA achieves a -22.69% return, which is significantly lower than NEM's 0.82% return. Over the past 10 years, ULTA has underperformed NEM with an annualized return of 7.00%, while NEM has yielded a comparatively higher 13.80% annualized return.

ULTA

• 1D: -1.82%
• 1M: -4.96%
• YTD: -22.69%
• 6M: -22.25%
• 1Y: 1.15%
• 3Y*: 1.77%
• 5Y*: 6.68%
• 10Y*: 7.00%

NEM

• 1D: 2.71%
• 1M: -15.55%
• YTD: 0.82%
• 6M: 2.58%
• 1Y: 81.14%
• 3Y*: 36.14%
• 5Y*: 10.51%
• 10Y*: 13.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ULTA vs. NEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULTA Ulta Beauty, Inc.	-22.69%	39.11%	-11.24%	4.46%	13.76%	43.59%	13.44%	3.39%	9.47%	-12.27%
NEM Newmont Corporation	0.82%	172.82%	-7.83%	-8.76%	-20.77%	7.40%	40.28%	30.52%	-6.15%	10.91%

Correlation

The correlation between ULTA and NEM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007	0.07

Fundamentals

EPS ULTA : $26.57 NEM : $6.34
PE Ratio ULTA : 17.60 NEM : 15.82
PEG Ratio ULTA : 1.75 NEM : 0.41
PS Ratio ULTA : 1.65 NEM : 4.83
Total Revenue (TTM) ULTA : $12.71B NEM : $17.23B
Gross Profit (TTM) ULTA : $5.00B NEM : $8.97B
EBITDA (TTM) ULTA : $1.81B NEM : $13.78B

Return for Risk

ULTA vs. NEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ULTA

ULTA Risk / Return Rank: 42
ULTA Sharpe Ratio Rank: 44
ULTA Sortino Ratio Rank: 38
ULTA Omega Ratio Rank: 39
ULTA Calmar Ratio Rank: 43
ULTA Martin Ratio Rank: 43

NEM

NEM Risk / Return Rank: 82
NEM Sharpe Ratio Rank: 86
NEM Sortino Ratio Rank: 78
NEM Omega Ratio Rank: 80
NEM Calmar Ratio Rank: 82
NEM Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ULTA vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ulta Beauty, Inc. (ULTA) 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.

	ULTA	NEM	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.73	-1.69
Sortino ratio: Return per unit of downside risk	0.29	2.08	-1.79
Omega ratio: Gain probability vs. loss probability	1.04	1.29	-0.25
Calmar ratio: Return relative to maximum drawdown	0.03	2.78	-2.74
Martin ratio: Return relative to average drawdown	0.08	7.58	-7.50

ULTA vs. NEM - Sharpe Ratio Comparison

The current ULTA Sharpe Ratio is 0.03, which is lower than the NEM Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of ULTA and NEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ULTA vs. NEM - Drawdown Comparison

The maximum ULTA drawdown since its inception was -87.89%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for ULTA and NEM.

Drawdown Indicators

	ULTA	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-87.89%	-81.30%	-6.59%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	-29.39%	-5.17%
Max Drawdown (3Y) Largest decline over 3 years	-44.56%	-36.57%	-7.99%
Max Drawdown (5Y) Largest decline over 5 years	-44.56%	-62.40%	+17.84%
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	-62.40%	-2.52%
Current Drawdown Current decline from peak	-33.82%	-23.71%	-10.11%
Average Drawdown Average peak-to-trough decline	-20.81%	-41.37%	+20.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.13%	10.73%	+3.40%

Volatility

ULTA vs. NEM - Volatility Comparison

The current volatility for Ulta Beauty, Inc. (ULTA) is 9.69%, while Newmont Corporation (NEM) has a volatility of 15.74%. This indicates that ULTA experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULTA	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	15.74%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	37.43%	-12.39%
Volatility (1Y) Calculated over the trailing 1-year period	33.39%	47.44%	-14.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.26%	37.99%	-3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.32%	35.67%	+2.65%

Dividends

ULTA vs. NEM - Dividend Comparison

ULTA has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEM Newmont Corporation	1.02%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%
ULTA Ulta Beauty, 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%

Financials

Frequently Asked Questions

Can I hold both ULTA and NEM in my portfolio?

ULTA and NEM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULTA or NEM?

NEM has higher volatility (15.74%) compared to ULTA (9.69%). In terms of maximum drawdown, ULTA dropped -87.89% vs NEM's -81.30%.

Which has better risk-adjusted returns?

NEM currently has the higher Sharpe Ratio (1.73 vs 0.03), 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.