HIVE vs. NAK
HIVE (HIVE Blockchain Technologies Ltd) and NAK (Northern Dynasty Minerals Ltd.) are both stocks. HIVE operates in Capital Markets (Financial Services), while NAK operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, HIVE returned -20.84%/yr vs 29.51%/yr for NAK. At a 0.19 correlation, their price movements are largely independent.
Performance
HIVE vs. NAK - Performance Comparison
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Returns By Period
In the year-to-date period, HIVE achieves a 44.57% return, which is significantly higher than NAK's 3.55% return.
HIVE
- 1D
- -1.58%
- 1M
- 35.14%
- YTD
- 44.57%
- 6M
- 21.90%
- 1Y
- 91.28%
- 3Y*
- 6.13%
- 5Y*
- -20.84%
- 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%
HIVE vs. NAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HIVE HIVE Blockchain Technologies Ltd | 44.57% | -9.47% | -37.09% | 214.58% | -89.09% | 39.68% | 2,600.00% | -64.10% | -92.50% |
NAK Northern Dynasty Minerals Ltd. | 3.55% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -65.71% |
Correlation
The correlation between HIVE 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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.19 |
The correlation between HIVE and NAK shifts across timeframes, from 0.19 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HIVE:
-$0.33
NAK:
-CA$0.19
HIVE:
$257.14M
NAK:
CA$0.00
HIVE:
$58.57M
NAK:
-CA$85.85K
HIVE:
$87.81M
NAK:
-CA$99.80M
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Return for Risk
HIVE vs. NAK — Risk / Return Rank
HIVE
NAK
HIVE vs. NAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) 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.
| HIVE | NAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.98 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.96 | 1.67 | +0.29 |
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Drawdowns
HIVE vs. NAK - Drawdown Comparison
The maximum HIVE drawdown since its inception was -97.73%, roughly equal to the maximum NAK drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for HIVE and NAK.
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Drawdown Indicators
| HIVE | NAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.73% | -99.01% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -74.86% | -67.68% | -7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -80.27% | -67.68% | -12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -94.61% | -67.68% | -26.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.79% | — |
Current DrawdownCurrent decline from peak | -86.10% | -90.32% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -78.56% | -73.93% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.70% | 39.60% | +7.10% |
Volatility
HIVE vs. NAK - Volatility Comparison
HIVE Blockchain Technologies Ltd (HIVE) has a higher volatility of 39.86% compared to Northern Dynasty Minerals Ltd. (NAK) at 26.03%. This indicates that HIVE's price experiences larger fluctuations and is considered to be riskier 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
| HIVE | NAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.86% | 26.03% | +13.83% |
Volatility (6M)Calculated over the trailing 6-month period | 67.14% | 77.41% | -10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.73% | 115.33% | -19.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.17% | 83.81% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.17% | 97.90% | +11.27% |
Dividends
HIVE vs. NAK - Dividend Comparison
Neither HIVE nor NAK has paid dividends to shareholders.
Financials
HIVE vs. NAK - Financials Comparison
This section allows you to compare key financial metrics between HIVE Blockchain Technologies Ltd 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
HIVE 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.
HIVE has higher volatility (39.86%) compared to NAK (26.03%). In terms of maximum drawdown, HIVE dropped -97.73% vs NAK's -99.01%.
HIVE currently has the higher Sharpe Ratio (0.96 vs 0.57), 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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