XAUUSD=X vs. GDX
Compare and contrast key facts about Gold Spot US Dollar (XAUUSD=X) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XAUUSD=X or GDX.
Correlation
The correlation between XAUUSD=X and GDX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XAUUSD=X vs. GDX - Performance Comparison
Key characteristics
XAUUSD=X:
1.88
GDX:
1.91
XAUUSD=X:
2.47
GDX:
2.46
XAUUSD=X:
1.36
GDX:
1.31
XAUUSD=X:
3.23
GDX:
1.05
XAUUSD=X:
8.15
GDX:
6.51
XAUUSD=X:
3.20%
GDX:
9.08%
XAUUSD=X:
13.99%
GDX:
31.04%
XAUUSD=X:
-69.75%
GDX:
-80.57%
XAUUSD=X:
-0.32%
GDX:
-27.94%
Returns By Period
In the year-to-date period, XAUUSD=X achieves a 11.75% return, which is significantly lower than GDX's 24.57% return. Both investments have delivered pretty close results over the past 10 years, with XAUUSD=X having a 8.84% annualized return and GDX not far behind at 8.57%.
XAUUSD=X
11.75%
6.84%
18.07%
44.80%
11.40%
8.84%
GDX
24.57%
12.31%
10.20%
59.34%
8.10%
8.57%
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Risk-Adjusted Performance
XAUUSD=X vs. GDX — Risk-Adjusted Performance Rank
XAUUSD=X
GDX
XAUUSD=X vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot US Dollar (XAUUSD=X) and VanEck Vectors 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.
Drawdowns
XAUUSD=X vs. GDX - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -69.75%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and GDX. For additional features, visit the drawdowns tool.
Volatility
XAUUSD=X vs. GDX - Volatility Comparison
The current volatility for Gold Spot US Dollar (XAUUSD=X) is 3.26%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 7.19%. This indicates that XAUUSD=X 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.