NEM vs GDX: which was the better investment?
Newmont Corporation against VanEck Gold Miners ETF on real daily total-return data — every dividend reinvested, from May 22, 2006 to Jul 15, 2026.
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Frequently asked questions
Did NEM beat GDX?
Yes — measured from May 22, 2006 to Jul 15, 2026 with dividends reinvested, NEM came out ahead: $27,470 versus $23,599 from a $10,000 start. That gap compounds from a 5.1% annual return against 4.4%.
What would $10,000 in NEM be worth today?
$10,000 invested in Newmont Corporation (NEM) on May 22, 2006 would be worth about $27,470 as of Jul 15, 2026, a total return of 174.7% (5.1% per year). The same $10,000 in GDX would be worth $23,599.
Which was riskier — NEM or GDX?
NEM swung with an annualized volatility of 39.1% and a worst peak-to-trough drop of -76.6%; GDX ran at 41.3% volatility with a -80.6% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.08 for NEM vs 0.06 for GDX.
What data is this comparison based on?
Daily adjusted closing prices covering May 22, 2006 through Jul 15, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with NEM vs GDX. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.