ARRNF vs. NB
ARRNF (American Rare Earths Limited) 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, ARRNF returned 41.65%/yr vs 3.31%/yr for NB. At a 0.15 correlation, their price movements are largely independent.
Performance
ARRNF vs. NB - Performance Comparison
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Returns By Period
In the year-to-date period, ARRNF achieves a 39.00% return, which is significantly higher than NB's 9.43% return.
ARRNF
- 1D
- -7.33%
- 1M
- 11.33%
- YTD
- 39.00%
- 6M
- 8.55%
- 1Y
- 58.86%
- 3Y*
- 41.65%
- 5Y*
- 70.94%
- 10Y*
- —
NB
- 1D
- -7.94%
- 1M
- -3.97%
- YTD
- 9.43%
- 6M
- -4.45%
- 1Y
- 131.08%
- 3Y*
- 3.31%
- 5Y*
- —
- 10Y*
- —
ARRNF vs. NB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ARRNF American Rare Earths Limited | 39.00% | 23.89% | 41.25% | -14.32% |
NB NioCorp Developments Ltd. Common Stock | 9.43% | 241.94% | -51.41% | -57.86% |
Correlation
The correlation between ARRNF and NB is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023 | 0.15 |
The correlation between ARRNF and NB shifts across timeframes, from 0.15 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ARRNF:
$162.68M
NB:
$789.67M
ARRNF:
-$0.02
NB:
-$0.52
ARRNF:
3.38
NB:
1.81
ARRNF:
-$128.85K
NB:
$0.00
ARRNF:
-$385.87K
NB:
-$1.00K
ARRNF:
-$12.72M
NB:
-$54.65M
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Return for Risk
ARRNF vs. NB — Risk / Return Rank
ARRNF
NB
ARRNF vs. NB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Rare Earths Limited (ARRNF) 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.
| ARRNF | NB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.06 | -1.20 |
| Martin ratioReturn relative to average drawdown | 1.21 | 3.27 | -2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARRNF | NB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.22 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.09 | +0.27 |
Drawdowns
ARRNF vs. NB - Drawdown Comparison
The maximum ARRNF drawdown since its inception was -83.01%, roughly equal to the maximum NB drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for ARRNF and NB.
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Drawdown Indicators
| ARRNF | NB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.01% | -82.83% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -69.13% | -64.10% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -69.13% | -75.24% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -83.01% | — | — |
Current DrawdownCurrent decline from peak | -57.09% | -50.30% | -6.79% |
Average DrawdownAverage peak-to-trough decline | -46.24% | -56.03% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.94% | 40.29% | +8.65% |
Volatility
ARRNF vs. NB - Volatility Comparison
American Rare Earths Limited (ARRNF) and NioCorp Developments Ltd. Common Stock (NB) have volatilities of 23.12% and 23.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARRNF | NB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.12% | 23.10% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 49.61% | 66.04% | -16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.38% | 108.29% | +18.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 314.60% | 91.71% | +222.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 290.52% | 91.71% | +198.81% |
Dividends
ARRNF vs. NB - Dividend Comparison
Neither ARRNF nor NB has paid dividends to shareholders.
Financials
ARRNF vs. NB - Financials Comparison
This section allows you to compare key financial metrics between American Rare Earths Limited 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
ARRNF and NB have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARRNF has higher volatility (23.12%) compared to NB (23.10%). In terms of maximum drawdown, ARRNF dropped -83.01% vs NB's -82.83%.
NB currently has the higher Sharpe Ratio (1.22 vs 0.47), 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.
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