BTG vs. NAK
BTG (B2Gold Corp.) and NAK (Northern Dynasty Minerals Ltd.) are both stocks. Both are in the Basic Materials sector — BTG in Gold, NAK in Other Industrial Metals & Mining. Over the past 10 years, BTG returned 9.81%/yr vs 19.65%/yr for NAK. At a 0.26 correlation, their price movements are largely independent.
Performance
BTG vs. NAK - Performance Comparison
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Returns By Period
Over the past 10 years, BTG has underperformed NAK with an annualized return of 9.81%, while NAK has yielded a comparatively higher 19.65% annualized return.
BTG
- 1D
- -0.96%
- 1M
- -21.89%
- YTD
- -7.85%
- 6M
- -7.23%
- 1Y
- 14.91%
- 3Y*
- 6.93%
- 5Y*
- 0.85%
- 10Y*
- 9.81%
NAK
- 1D
- 3.14%
- 1M
- -8.37%
- YTD
- 0.00%
- 6M
- -1.99%
- 1Y
- 52.71%
- 3Y*
- 110.40%
- 5Y*
- 28.06%
- 10Y*
- 19.65%
BTG vs. NAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | -7.85% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 30.80% |
NAK Northern Dynasty Minerals Ltd. | -0.00% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -67.84% | -14.49% |
Correlation
The correlation between BTG and NAK is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2008 | 0.26 |
Fundamentals
BTG:
$6.22B
NAK:
$1.08B
BTG:
$0.36
NAK:
-$0.19
BTG:
1.69
NAK:
61.12
BTG:
$3.67B
NAK:
$0.00
BTG:
$1.89B
NAK:
-$85.85K
BTG:
$1.96B
NAK:
-$99.80M
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Return for Risk
BTG vs. NAK — Risk / Return Rank
BTG
NAK
BTG vs. NAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for B2Gold Corp. (BTG) 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.
| BTG | NAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.78 | -0.37 |
| Martin ratioReturn relative to average drawdown | 0.82 | 1.34 | -0.52 |
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
| BTG | NAK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.46 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.34 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.20 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.01 | +0.14 |
Drawdowns
BTG vs. NAK - Drawdown Comparison
The maximum BTG drawdown since its inception was -85.97%, smaller than the maximum NAK drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for BTG and NAK.
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Drawdown Indicators
| BTG | NAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -99.01% | +13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -67.68% | +31.05% |
Max Drawdown (3Y)Largest decline over 3 years | -36.72% | -67.68% | +30.96% |
Max Drawdown (5Y)Largest decline over 5 years | -48.92% | -67.68% | +18.76% |
Max Drawdown (10Y)Largest decline over 10 years | -63.35% | -93.79% | +30.44% |
Current DrawdownCurrent decline from peak | -33.08% | -90.65% | +57.57% |
Average DrawdownAverage peak-to-trough decline | -38.36% | -73.92% | +35.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.20% | 39.43% | -21.23% |
Volatility
BTG vs. NAK - Volatility Comparison
The current volatility for B2Gold Corp. (BTG) is 15.99%, while Northern Dynasty Minerals Ltd. (NAK) has a volatility of 25.23%. This indicates that BTG 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
| BTG | NAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.99% | 25.23% | -9.24% |
Volatility (6M)Calculated over the trailing 6-month period | 44.03% | 77.05% | -33.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 115.40% | -60.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.73% | 83.77% | -39.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.23% | 97.95% | -49.72% |
Dividends
BTG vs. NAK - Dividend Comparison
BTG's dividend yield for the trailing twelve months is around 1.93%, while NAK has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 1.93% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% |
NAK Northern Dynasty Minerals Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BTG vs. NAK - Financials Comparison
This section allows you to compare key financial metrics between B2Gold Corp. 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
BTG and NAK have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAK has higher volatility (25.23%) compared to BTG (15.99%). In terms of maximum drawdown, BTG dropped -85.97% vs NAK's -99.01%.
NAK currently has the higher Sharpe Ratio (0.46 vs 0.27), 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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