CMM.AX vs. NST.AX

Last updated Apr 2, 2026

Compare and contrast key facts about Capricorn Metals Ltd (CMM.AX) and Northern Star Resources Limited (NST.AX).

Performance

CMM.AX vs. NST.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Capricorn Metals Ltd (CMM.AX) and Northern Star Resources Limited (NST.AX). The values are adjusted to include any dividend payments, if applicable.

CMM.AX vs. NST.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMM.AX Capricorn Metals Ltd	-18.29%	128.98%	33.33%	2.39%	35.29%	90.48%	45.12%	275.94%	-1.45%	-34.29%
NST.AX Northern Star Resources Limited	-16.64%	78.29%	16.25%	28.10%	18.93%	-24.37%	14.47%	24.17%	53.38%	71.79%

Returns By Period

In the year-to-date period, CMM.AX achieves a -18.29% return, which is significantly lower than NST.AX's -16.64% return. Over the past 10 years, CMM.AX has outperformed NST.AX with an annualized return of 37.65%, while NST.AX has yielded a comparatively lower 23.04% annualized return.

CMM.AX

• 1D: 6.36%
• 1M: -24.34%
• YTD: -18.29%
• 6M: -12.06%
• 1Y: 44.52%
• 3Y*: 35.15%
• 5Y*: 50.34%
• 10Y*: 37.65%

NST.AX

• 1D: 8.55%
• 1M: -29.78%
• YTD: -16.64%
• 6M: -6.81%
• 1Y: 23.13%
• 3Y*: 24.75%
• 5Y*: 20.61%
• 10Y*: 23.04%

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

Return for Risk

CMM.AX vs. NST.AX — Risk / Return Rank

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

CMM.AX

CMM.AX Risk / Return Rank: 67
CMM.AX Sharpe Ratio Rank: 70
CMM.AX Sortino Ratio Rank: 64
CMM.AX Omega Ratio Rank: 62
CMM.AX Calmar Ratio Rank: 65
CMM.AX Martin Ratio Rank: 73

NST.AX

NST.AX Risk / Return Rank: 54
NST.AX Sharpe Ratio Rank: 56
NST.AX Sortino Ratio Rank: 51
NST.AX Omega Ratio Rank: 53
NST.AX Calmar Ratio Rank: 54
NST.AX Martin Ratio Rank: 57

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.

CMM.AX vs. NST.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capricorn Metals Ltd (CMM.AX) and Northern Star Resources Limited (NST.AX). 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.

	CMM.AX	NST.AX	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.45	+0.42
Sortino ratio Return per unit of downside risk	1.37	0.87	+0.50
Omega ratio Gain probability vs. loss probability	1.18	1.13	+0.05
Calmar ratio Return relative to maximum drawdown	1.16	0.56	+0.61
Martin ratio Return relative to average drawdown	4.20	1.59	+2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMM.AX vs. NST.AX - Sharpe Ratio Comparison

The current CMM.AX Sharpe Ratio is 0.87, which is higher than the NST.AX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of CMM.AX and NST.AX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMM.AX	NST.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.45	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	0.52	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.53	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.36	-0.36

Correlation

The correlation between CMM.AX and NST.AX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CMM.AX vs. NST.AX - Dividend Comparison

CMM.AX's dividend yield for the trailing twelve months is around 0.43%, less than NST.AX's 2.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMM.AX Capricorn Metals Ltd	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NST.AX Northern Star Resources Limited	2.49%	2.06%	2.59%	1.94%	1.97%	2.02%	2.13%	1.19%	1.03%	1.48%	2.76%	1.80%

Drawdowns

CMM.AX vs. NST.AX - Drawdown Comparison

The maximum CMM.AX drawdown since its inception was -99.96%, roughly equal to the maximum NST.AX drawdown of -95.53%. Use the drawdown chart below to compare losses from any high point for CMM.AX and NST.AX.

Drawdown Indicators

	CMM.AX	NST.AX	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-95.53%	-4.43%
Max Drawdown (1Y) Largest decline over 1 year	-41.12%	-45.32%	+4.20%
Max Drawdown (5Y) Largest decline over 5 years	-44.54%	-45.32%	+0.78%
Max Drawdown (10Y) Largest decline over 10 years	-71.43%	-58.71%	-12.72%
Current Drawdown Current decline from peak	-26.80%	-29.78%	+2.98%
Average Drawdown Average peak-to-trough decline	-52.00%	-30.01%	-21.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	15.82%	-4.43%

Volatility

CMM.AX vs. NST.AX - Volatility Comparison

The current volatility for Capricorn Metals Ltd (CMM.AX) is 22.73%, while Northern Star Resources Limited (NST.AX) has a volatility of 30.22%. This indicates that CMM.AX experiences smaller price fluctuations and is considered to be less risky than NST.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMM.AX	NST.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.73%	30.22%	-7.49%
Volatility (6M) Calculated over the trailing 6-month period	39.35%	43.24%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	50.90%	51.36%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.02%	39.87%	+6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.92%	43.34%	+15.58%

Financials