ARA.TO vs. NB
ARA.TO (Aclara Resources Inc.) and NB (NioCorp Developments Ltd. Common Stock) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, ARA.TO returned 110.60%/yr vs 3.49%/yr for NB. At a 0.16 correlation, their price movements are largely independent.
Performance
ARA.TO vs. NB - Performance Comparison
Loading charts...
Different Trading Currencies
ARA.TO is traded in CAD, while NB is traded in USD. To make them comparable, the NB values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARA.TO achieves a 103.24% return, which is significantly higher than NB's 4.06% return.
ARA.TO
- 1D
- 3.54%
- 1M
- -10.59%
- YTD
- 103.24%
- 6M
- 100.46%
- 1Y
- 372.04%
- 3Y*
- 110.60%
- 5Y*
- —
- 10Y*
- —
NB
- 1D
- -0.08%
- 1M
- -7.32%
- YTD
- 4.06%
- 6M
- -11.28%
- 1Y
- 96.69%
- 3Y*
- 3.49%
- 5Y*
- —
- 10Y*
- —
ARA.TO vs. NB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ARA.TO Aclara Resources Inc. | 103.24% | 380.00% | -10.00% | 8.11% |
NB NioCorp Developments Ltd. Common Stock | 4.06% | 226.33% | -47.30% | -58.84% |
Correlation
The correlation between ARA.TO and NB is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.16 |
Over the past year, ARA.TO and NB have become more correlated (0.41) than their long-term average of 0.16, meaning their price movements have been converging.
Fundamentals
ARA.TO:
CA$968.23M
NB:
$735.21M
ARA.TO:
-$0.05
NB:
-$0.52
ARA.TO:
4.56
NB:
1.69
ARA.TO:
$0.00
NB:
$0.00
ARA.TO:
-$1.03M
NB:
-$1.00K
ARA.TO:
-$9.35M
NB:
-$54.65M
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
ARA.TO vs. NB — Risk / Return Rank
ARA.TO
NB
ARA.TO vs. NB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aclara Resources Inc. (ARA.TO) and NioCorp Developments Ltd. Common Stock (NB). 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.
| ARA.TO | NB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.95 | 1.51 | +5.44 |
| Martin ratioReturn relative to average drawdown | 14.68 | 2.31 | +12.37 |
Loading charts...
Drawdowns
ARA.TO vs. NB - Drawdown Comparison
The maximum ARA.TO drawdown since its inception was -86.03%, roughly equal to the maximum NB drawdown of -82.29%. Use the drawdown chart below to compare losses from any high point for ARA.TO and NB.
Loading charts...
Drawdown Indicators
| ARA.TO | NB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.03% | -82.29% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -53.93% | -64.45% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -53.93% | -74.05% | +20.12% |
Current DrawdownCurrent decline from peak | -15.90% | -53.90% | +38.00% |
Average DrawdownAverage peak-to-trough decline | -59.96% | -56.16% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.49% | 41.96% | -16.47% |
Volatility
ARA.TO vs. NB - Volatility Comparison
The current volatility for Aclara Resources Inc. (ARA.TO) is 22.76%, while NioCorp Developments Ltd. Common Stock (NB) has a volatility of 27.50%. This indicates that ARA.TO experiences smaller price fluctuations and is considered to be less risky than NB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ARA.TO | NB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.76% | 27.50% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 63.51% | 67.03% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.82% | 109.64% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.59% | 92.05% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.59% | 92.05% | -0.46% |
Dividends
ARA.TO vs. NB - Dividend Comparison
Neither ARA.TO nor NB has paid dividends to shareholders.
Financials
ARA.TO vs. NB - Financials Comparison
This section allows you to compare key financial metrics between Aclara Resources Inc. and NioCorp Developments Ltd. Common Stock. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ARA.TO and NB have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ARA.TO and NB
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