ATRO vs. NGEX.TO

Last updated Jun 13, 2026

ATRO (Astronics Corporation) and NGEX.TO (NGEx Minerals Ltd) are both stocks. ATRO operates in Aerospace & Defense (Industrials), while NGEX.TO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, ATRO returned 37.93%/yr vs 100.50%/yr for NGEX.TO. At a 0.07 correlation, their price movements are largely independent.

Performance

ATRO vs. NGEX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astronics Corporation (ATRO) and NGEx Minerals Ltd (NGEX.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ATRO is traded in USD, while NGEX.TO is traded in CAD. To make them comparable, the NGEX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ATRO achieves a 76.99% return, which is significantly higher than NGEX.TO's 1.77% return.

ATRO

• 1D: 1.27%
• 1M: 19.87%
• YTD: 76.99%
• 6M: 76.47%
• 1Y: 168.08%
• 3Y*: 74.20%
• 5Y*: 37.93%
• 10Y*: 12.28%

NGEX.TO

• 1D: 6.56%
• 1M: -12.32%
• YTD: 1.77%
• 6M: 4.46%
• 1Y: 71.50%
• 3Y*: 56.05%
• 5Y*: 100.50%
• 10Y*: —

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

ATRO vs. NGEX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ATRO Astronics Corporation	76.99%	239.85%	-8.38%	69.13%	-14.17%	-9.30%	-52.67%	5.71%
NGEX.TO NGEx Minerals Ltd	1.77%	100.03%	72.67%	138.13%	56.57%	255.95%	38.35%	-40.47%

Correlation

The correlation between ATRO and NGEX.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.07

The correlation between ATRO and NGEX.TO shifts across timeframes, from 0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ATRO : $3.67B NGEX.TO : CA$5.77B
EPS ATRO : $1.22 NGEX.TO : -CA$0.63
PB Ratio ATRO : 22.69 NGEX.TO : 9.07
Total Revenue (TTM) ATRO : $886.81M NGEX.TO : CA$0.00
Gross Profit (TTM) ATRO : $272.44M NGEX.TO : -CA$36.44K
EBITDA (TTM) ATRO : $74.47M NGEX.TO : -CA$134.74M

Return for Risk

ATRO vs. NGEX.TO — Risk / Return Rank

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

ATRO

ATRO Risk / Return Rank: 95
ATRO Sharpe Ratio Rank: 96
ATRO Sortino Ratio Rank: 93
ATRO Omega Ratio Rank: 93
ATRO Calmar Ratio Rank: 96
ATRO Martin Ratio Rank: 97

NGEX.TO

NGEX.TO Risk / Return Rank: 77
NGEX.TO Sharpe Ratio Rank: 80
NGEX.TO Sortino Ratio Rank: 72
NGEX.TO Omega Ratio Rank: 74
NGEX.TO Calmar Ratio Rank: 80
NGEX.TO Martin Ratio Rank: 80

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.

ATRO vs. NGEX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astronics Corporation (ATRO) and NGEx Minerals Ltd (NGEX.TO). 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.

	ATRO	NGEX.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.04	1.23	+1.81
Sortino ratio: Return per unit of downside risk	3.45	1.70	+1.75
Omega ratio: Gain probability vs. loss probability	1.46	1.23	+0.22
Calmar ratio: Return relative to maximum drawdown	7.23	2.33	+4.90
Martin ratio: Return relative to average drawdown	24.48	5.79	+18.69

ATRO vs. NGEX.TO - Sharpe Ratio Comparison

The current ATRO Sharpe Ratio is 3.04, which is higher than the NGEX.TO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of ATRO and NGEX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATRO vs. NGEX.TO - Drawdown Comparison

The maximum ATRO drawdown since its inception was -90.12%, which is greater than NGEX.TO's maximum drawdown of -68.12%. Use the drawdown chart below to compare losses from any high point for ATRO and NGEX.TO.

Drawdown Indicators

	ATRO	NGEX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-68.12%	-22.00%
Max Drawdown (1Y) Largest decline over 1 year	-23.39%	-30.80%	+7.41%
Max Drawdown (3Y) Largest decline over 3 years	-34.89%	-30.80%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-62.90%	-68.12%	+5.22%
Max Drawdown (10Y) Largest decline over 10 years	-85.52%	—	—
Current Drawdown Current decline from peak	0.00%	-18.14%	+18.14%
Average Drawdown Average peak-to-trough decline	-38.08%	-19.44%	-18.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.06%	12.38%	-5.32%

Volatility

ATRO vs. NGEX.TO - Volatility Comparison

The current volatility for Astronics Corporation (ATRO) is 20.40%, while NGEx Minerals Ltd (NGEX.TO) has a volatility of 26.50%. This indicates that ATRO experiences smaller price fluctuations and is considered to be less risky than NGEX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATRO	NGEX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.40%	26.50%	-6.10%
Volatility (6M) Calculated over the trailing 6-month period	39.82%	46.12%	-6.30%
Volatility (1Y) Calculated over the trailing 1-year period	56.08%	58.60%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.27%	63.39%	-8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.87%	72.51%	-15.64%

Dividends

ATRO vs. NGEX.TO - Dividend Comparison

Neither ATRO nor NGEX.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ATRO and NGEX.TO in my portfolio?

ATRO and NGEX.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.