ARRY vs. NAK
ARRY (Array Technologies, Inc.) and NAK (Northern Dynasty Minerals Ltd.) are both stocks. ARRY operates in Solar (Technology), while NAK operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, ARRY returned -13.61%/yr vs 29.51%/yr for NAK. At a 0.13 correlation, their price movements are largely independent.
Performance
ARRY vs. NAK - Performance Comparison
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Returns By Period
In the year-to-date period, ARRY achieves a -15.73% return, which is significantly lower than NAK's 3.55% return.
ARRY
- 1D
- 4.30%
- 1M
- -11.60%
- YTD
- -15.73%
- 6M
- -8.80%
- 1Y
- 4.58%
- 3Y*
- -29.95%
- 5Y*
- -13.61%
- 10Y*
- —
NAK
- 1D
- 4.62%
- 1M
- -9.33%
- YTD
- 3.55%
- 6M
- -5.12%
- 1Y
- 65.85%
- 3Y*
- 109.20%
- 5Y*
- 29.51%
- 10Y*
- 20.01%
ARRY vs. NAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | -15.73% | 52.65% | -64.05% | -13.09% | 23.20% | -63.63% | 46.24% |
NAK Northern Dynasty Minerals Ltd. | 3.55% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -71.75% |
Correlation
The correlation between ARRY and NAK is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.13 |
The correlation between ARRY and NAK shifts across timeframes, from 0.07 (3 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ARRY:
$1.19B
NAK:
$1.12B
ARRY:
-$0.44
NAK:
-CA$0.19
ARRY:
$1.21B
NAK:
CA$0.00
ARRY:
$269.92M
NAK:
-CA$85.85K
ARRY:
$5.35M
NAK:
-CA$99.80M
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Return for Risk
ARRY vs. NAK — Risk / Return Rank
ARRY
NAK
ARRY vs. NAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) and Northern Dynasty Minerals Ltd. (NAK). 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.
| ARRY | NAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.22 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.98 | -0.87 |
| Martin ratioReturn relative to average drawdown | 0.20 | 1.67 | -1.47 |
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Drawdowns
ARRY vs. NAK - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, smaller than the maximum NAK drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for ARRY and NAK.
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Drawdown Indicators
| ARRY | NAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -99.01% | +6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -44.31% | -67.68% | +23.37% |
Max Drawdown (3Y)Largest decline over 3 years | -84.88% | -67.68% | -17.20% |
Max Drawdown (5Y)Largest decline over 5 years | -85.31% | -67.68% | -17.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.79% | — |
Current DrawdownCurrent decline from peak | -84.78% | -90.32% | +5.54% |
Average DrawdownAverage peak-to-trough decline | -68.90% | -73.93% | +5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 39.60% | -16.36% |
Volatility
ARRY vs. NAK - Volatility Comparison
The current volatility for Array Technologies, Inc. (ARRY) is 24.08%, while Northern Dynasty Minerals Ltd. (NAK) has a volatility of 26.03%. This indicates that ARRY experiences smaller price fluctuations and is considered to be less risky than NAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARRY | NAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.08% | 26.03% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 63.54% | 77.41% | -13.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.05% | 115.33% | -30.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.61% | 83.81% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.77% | 97.90% | -15.13% |
Dividends
ARRY vs. NAK - Dividend Comparison
Neither ARRY nor NAK has paid dividends to shareholders.
Financials
ARRY vs. NAK - Financials Comparison
This section allows you to compare key financial metrics between Array Technologies, Inc. and Northern Dynasty Minerals Ltd.. 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
ARRY and NAK have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAK has higher volatility (26.03%) compared to ARRY (24.08%). In terms of maximum drawdown, ARRY dropped -92.20% vs NAK's -99.01%.
NAK currently has the higher Sharpe Ratio (0.57 vs 0.05), 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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