XAUUSD=X vs. GDX

In the year-to-date period, XAUUSD=X achieves a 25.79% return, which is significantly lower than GDX's 45.03% return. Both investments have delivered pretty close results over the past 10 years, with XAUUSD=X having a 10.77% annualized return and GDX not far behind at 10.60%.

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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.

The current XAUUSD=X Sharpe Ratio is 2.34, which is higher than the GDX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of XAUUSD=X and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

The current volatility for Gold Spot US Dollar (XAUUSD=X) is 6.93%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 12.92%. 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.