ABAT vs. NEM

Last updated Jun 4, 2026

ABAT (American Battery Technology Company Common Stock) and NEM (Newmont Goldcorp Corporation) are both stocks. Both are in the Basic Materials sector — ABAT in Other Industrial Metals & Mining, NEM in Gold. Over the past year, ABAT returned 144.59% vs 96.26% for NEM. At a 0.20 correlation, their price movements are largely independent.

Performance

ABAT vs. NEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Battery Technology Company Common Stock (ABAT) and Newmont Goldcorp Corporation (NEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ABAT having a 8.38% return and NEM slightly lower at 8.10%.

ABAT

• 1D: -8.12%
• 1M: 12.42%
• YTD: 8.38%
• 6M: -3.47%
• 1Y: 144.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEM

• 1D: -1.85%
• 1M: -0.56%
• YTD: 8.10%
• 6M: 20.40%
• 1Y: 96.26%
• 3Y*: 39.72%
• 5Y*: 11.70%
• 10Y*: 14.53%

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

ABAT vs. NEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ABAT American Battery Technology Company Common Stock	8.38%	35.77%	-47.55%	-57.94%
NEM Newmont Goldcorp Corporation	8.10%	172.82%	-7.83%	3.16%

Correlation

The correlation between ABAT and NEM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.20

Fundamentals

EPS ABAT : -$0.55 NEM : $6.34
PS Ratio ABAT : 25.84 NEM : 5.18
Total Revenue (TTM) ABAT : $16.28M NEM : $17.23B
Gross Profit (TTM) ABAT : -$6.95M NEM : $8.97B
EBITDA (TTM) ABAT : -$62.40M NEM : $13.78B

Return for Risk

ABAT vs. NEM — Risk / Return Rank

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

ABAT

ABAT Risk / Return Rank: 73
ABAT Sharpe Ratio Rank: 74
ABAT Sortino Ratio Rank: 78
ABAT Omega Ratio Rank: 75
ABAT Calmar Ratio Rank: 73
ABAT Martin Ratio Rank: 64

NEM

NEM Risk / Return Rank: 84
NEM Sharpe Ratio Rank: 88
NEM Sortino Ratio Rank: 80
NEM Omega Ratio Rank: 82
NEM Calmar Ratio Rank: 85
NEM Martin Ratio Rank: 86

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.

ABAT vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Battery Technology Company Common Stock (ABAT) and Newmont Goldcorp 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.

	ABAT	NEM	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.09	-0.95
Sortino ratio: Return per unit of downside risk	2.20	2.38	-0.18
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	1.87	3.55	-1.68
Martin ratio: Return relative to average drawdown	2.69	9.72	-7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABAT vs. NEM - Sharpe Ratio Comparison

The current ABAT Sharpe Ratio is 1.14, which is lower than the NEM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of ABAT 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.

Sharpe Ratios by Period

	ABAT	NEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.09	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.13	-0.41

Drawdowns

ABAT vs. NEM - Drawdown Comparison

The maximum ABAT drawdown since its inception was -93.18%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for ABAT and NEM.

Drawdown Indicators

	ABAT	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-93.18%	-81.30%	-11.88%
Max Drawdown (1Y) Largest decline over 1 year	-77.85%	-27.25%	-50.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-62.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.40%	—
Current Drawdown Current decline from peak	-68.05%	-18.20%	-49.85%
Average Drawdown Average peak-to-trough decline	-76.66%	-41.39%	-35.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.04%	9.94%	+44.10%

Volatility

ABAT vs. NEM - Volatility Comparison

American Battery Technology Company Common Stock (ABAT) has a higher volatility of 28.19% compared to Newmont Goldcorp Corporation (NEM) at 13.05%. This indicates that ABAT's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABAT	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.19%	13.05%	+15.14%
Volatility (6M) Calculated over the trailing 6-month period	64.77%	36.01%	+28.76%
Volatility (1Y) Calculated over the trailing 1-year period	127.62%	46.26%	+81.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.55%	37.67%	+83.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.55%	35.50%	+86.05%

Dividends

ABAT vs. NEM - Dividend Comparison

ABAT has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABAT American Battery Technology Company Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEM Newmont Goldcorp Corporation	0.95%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%

Financials

Frequently Asked Questions

Can I hold both ABAT and NEM in my portfolio?

ABAT and NEM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABAT or NEM?

ABAT has higher volatility (28.19%) compared to NEM (13.05%). In terms of maximum drawdown, ABAT dropped -93.18% vs NEM's -81.30%.

Which has better risk-adjusted returns?

NEM currently has the higher Sharpe Ratio (2.09 vs 1.14), 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.