HAGHY vs. NGEX.TO

Last updated Jun 13, 2026

HAGHY (Hensoldt AG) and NGEX.TO (NGEx Minerals Ltd) are both stocks. HAGHY operates in Aerospace & Defense (Industrials), while NGEX.TO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, HAGHY returned 41.89%/yr vs 56.05%/yr for NGEX.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

HAGHY vs. NGEX.TO - Performance Comparison

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

Different Trading Currencies

HAGHY 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, HAGHY achieves a 1.44% return, which is significantly lower than NGEX.TO's 1.77% return.

HAGHY

• 1D: -5.73%
• 1M: 0.63%
• YTD: 1.44%
• 6M: 2.37%
• 1Y: -19.30%
• 3Y*: 41.89%
• 5Y*: —
• 10Y*: —

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)

HAGHY vs. NGEX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HAGHY Hensoldt AG	1.44%	144.40%	31.10%	15.83%	-17.04%
NGEX.TO NGEx Minerals Ltd	1.77%	100.03%	72.67%	138.13%	4.68%

Correlation

The correlation between HAGHY and NGEX.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 2, 2022	0.11

The correlation between HAGHY and NGEX.TO shifts across timeframes, from 0.11 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HAGHY : $20.71B NGEX.TO : CA$5.77B
EPS HAGHY : €0.08 NGEX.TO : -CA$0.63
PB Ratio HAGHY : 18.28 NGEX.TO : 9.07
Total Revenue (TTM) HAGHY : €2.55B NGEX.TO : CA$0.00
Gross Profit (TTM) HAGHY : €535.68M NGEX.TO : -CA$36.44K
EBITDA (TTM) HAGHY : €413.05M NGEX.TO : -CA$134.74M

Return for Risk

HAGHY vs. NGEX.TO — Risk / Return Rank

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

HAGHY

HAGHY Risk / Return Rank: 28
HAGHY Sharpe Ratio Rank: 27
HAGHY Sortino Ratio Rank: 28
HAGHY Omega Ratio Rank: 28
HAGHY Calmar Ratio Rank: 27
HAGHY Martin Ratio Rank: 29

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hensoldt AG (HAGHY) 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.

	HAGHY	NGEX.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	1.23	-1.58
Sortino ratio: Return per unit of downside risk	-0.16	1.70	-1.86
Omega ratio: Gain probability vs. loss probability	0.98	1.23	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.45	2.33	-2.78
Martin ratio: Return relative to average drawdown	-0.74	5.79	-6.54

HAGHY vs. NGEX.TO - Sharpe Ratio Comparison

The current HAGHY Sharpe Ratio is -0.35, which is lower than the NGEX.TO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of HAGHY 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

HAGHY vs. NGEX.TO - Drawdown Comparison

The maximum HAGHY drawdown since its inception was -42.91%, smaller than the maximum NGEX.TO drawdown of -68.12%. Use the drawdown chart below to compare losses from any high point for HAGHY and NGEX.TO.

Drawdown Indicators

	HAGHY	NGEX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.91%	-68.12%	+25.21%
Max Drawdown (1Y) Largest decline over 1 year	-42.91%	-30.80%	-12.11%
Max Drawdown (3Y) Largest decline over 3 years	-42.91%	-30.80%	-12.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-68.12%	—
Current Drawdown Current decline from peak	-34.77%	-18.14%	-16.63%
Average Drawdown Average peak-to-trough decline	-20.42%	-19.44%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.00%	12.38%	+13.62%

Volatility

HAGHY vs. NGEX.TO - Volatility Comparison

The current volatility for Hensoldt AG (HAGHY) is 17.33%, while NGEx Minerals Ltd (NGEX.TO) has a volatility of 26.50%. This indicates that HAGHY 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

	HAGHY	NGEX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.33%	26.50%	-9.17%
Volatility (6M) Calculated over the trailing 6-month period	40.88%	46.12%	-5.24%
Volatility (1Y) Calculated over the trailing 1-year period	55.56%	58.60%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.61%	63.39%	-6.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.61%	72.51%	-15.90%

Dividends

HAGHY vs. NGEX.TO - Dividend Comparison

HAGHY's dividend yield for the trailing twelve months is around 0.74%, while NGEX.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HAGHY Hensoldt AG	0.74%	0.63%	1.20%	1.19%	1.10%
NGEX.TO NGEx Minerals Ltd	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

HAGHY and NGEX.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.