USGO vs. GDXJ
USGO (U.S. GoldMining Inc) is a stock, while GDXJ (VanEck Junior Gold Miners ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index. Over the past 3 years, USGO returned -12.95%/yr vs 38.56%/yr for GDXJ. At a 0.29 correlation, their price movements are largely independent.
Performance
USGO vs. GDXJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USGO achieves a -11.00% return, which is significantly higher than GDXJ's -15.14% return.
USGO
- 1D
- -1.26%
- 1M
- -3.56%
- 6M
- -30.84%
- YTD
- -11.00%
- 1Y
- -10.29%
- 3Y*
- -12.95%
- 5Y*
- —
- 10Y*
- —
GDXJ
- 1D
- -1.85%
- 1M
- -13.70%
- 6M
- -23.78%
- YTD
- -15.14%
- 1Y
- 46.05%
- 3Y*
- 38.56%
- 5Y*
- 18.43%
- 10Y*
- 8.76%
USGO vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USGO U.S. GoldMining Inc | -11.00% | 2.44% | 17.86% | -23.11% |
GDXJ VanEck Junior Gold Miners ETF | -15.14% | 172.28% | 15.67% | -6.10% |
Correlation
The correlation between USGO and GDXJ is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.29 |
Over the past year, USGO and GDXJ have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USGO vs. GDXJ — Risk / Return Rank
USGO
GDXJ
USGO vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. GoldMining Inc (USGO) and VanEck Junior Gold Miners ETF (GDXJ). 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.
| USGO | GDXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.17 | -1.37 |
| Martin ratioReturn relative to average drawdown | -0.39 | 2.63 | -3.02 |
Loading charts...
Drawdowns
USGO vs. GDXJ - Drawdown Comparison
The maximum USGO drawdown since its inception was -69.34%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for USGO and GDXJ.
Loading charts...
Drawdown Indicators
| USGO | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.34% | -88.66% | +19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -52.18% | -39.47% | -12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -63.19% | -39.47% | -23.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.77% | — |
Current DrawdownCurrent decline from peak | -51.27% | -38.18% | -13.09% |
Average DrawdownAverage peak-to-trough decline | -42.38% | -60.32% | +17.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.52% | 17.56% | +8.96% |
Volatility
USGO vs. GDXJ - Volatility Comparison
The current volatility for U.S. GoldMining Inc (USGO) is 14.73%, while VanEck Junior Gold Miners ETF (GDXJ) has a volatility of 15.73%. This indicates that USGO experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USGO | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 15.73% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 53.46% | 44.49% | +8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.79% | 53.19% | +18.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.65% | 41.93% | +37.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.65% | 44.26% | +35.39% |
Dividends
USGO vs. GDXJ - Dividend Comparison
USGO has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | 2.74% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
USGO U.S. GoldMining 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
USGO and GDXJ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXJ has higher volatility (15.73%) compared to USGO (14.73%). In terms of maximum drawdown, USGO dropped -69.34% vs GDXJ's -88.66%.
GDXJ currently has the higher Sharpe Ratio (0.87 vs -0.14), 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.
Find the right allocation for USGO and GDXJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer