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HLF.TO vs. NEXT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

HLF.TO vs. NEXT.TO

Last updated Jun 5, 2026

HLF.TO (High Liner Foods Incorporated) and NEXT.TO (NextSource Materials Inc.) are both stocks. HLF.TO operates in Packaged Foods (Consumer Defensive), while NEXT.TO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, HLF.TO returned 1.14%/yr vs -7.17%/yr for NEXT.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

HLF.TO vs. NEXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in High Liner Foods Incorporated (HLF.TO) and NextSource Materials Inc. (NEXT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HLF.TO achieves a -0.48% return, which is significantly lower than NEXT.TO's 11.76% return. Over the past 10 years, HLF.TO has outperformed NEXT.TO with an annualized return of 1.14%, while NEXT.TO has yielded a comparatively lower -7.17% annualized return.

HLF.TO

1D
-0.35%
1M
5.61%
YTD
-0.48%
6M
8.62%
1Y
-14.90%
3Y*
4.15%
5Y*
5.70%
10Y*
1.14%

NEXT.TO

1D
-5.00%
1M
15.15%
YTD
11.76%
6M
-7.32%
1Y
46.15%
3Y*
-42.51%
5Y*
-35.56%
10Y*
-7.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HLF.TO vs. NEXT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HLF.TO
High Liner Foods Incorporated		-0.48%-3.18%41.40%-10.45%-4.56%37.44%38.46%11.24%-44.74%-22.97%
NEXT.TO
NextSource Materials Inc.		11.76%-53.42%-39.17%-56.04%-16.26%262.22%100.00%-50.00%38.46%-0.00%

Correlation

The correlation between HLF.TO and NEXT.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since May 6, 2010

0.03

Fundamentals

Market Cap

HLF.TO:

CA$419.52M

NEXT.TO:

CA$70.32M

EPS

HLF.TO:

CA$0.99

NEXT.TO:

-CA$0.22

PS Ratio

HLF.TO:

0.39

NEXT.TO:

61.16

PB Ratio

HLF.TO:

1.02

NEXT.TO:

1.85

Total Revenue (TTM)

HLF.TO:

CA$1.09B

NEXT.TO:

CA$1.15M

Gross Profit (TTM)

HLF.TO:

CA$206.83M

NEXT.TO:

-CA$10.68M

EBITDA (TTM)

HLF.TO:

CA$83.65M

NEXT.TO:

-CA$37.40M

Compare stocks, funds, or ETFs

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High Liner Foods Incorporated

NextSource Materials Inc.

Often compared with HLF.TO:
HLF.TO vs. MFI.TOHLF.TO vs. CHE-UN.TOHLF.TO vs. EDT.TOHLF.TO vs. LIF.TOHLF.TO vs. BNS.TOHLF.TO vs. BRK.TOHLF.TO vs. T.TO
Often compared with NEXT.TO:
NEXT.TO vs. EDT.TONEXT.TO vs. BRK.TONEXT.TO vs. BNS.TONEXT.TO vs. LIF.TONEXT.TO vs. MFC.TONEXT.TO vs. T.TONEXT.TO vs. CHE-UN.TO

Return for Risk

HLF.TO vs. NEXT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HLF.TO
HLF.TO Risk / Return Rank: 1919
Overall Rank
HLF.TO Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
HLF.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
HLF.TO Omega Ratio Rank: 1515
Omega Ratio Rank
HLF.TO Calmar Ratio Rank: 2424
Calmar Ratio Rank
HLF.TO Martin Ratio Rank: 2525
Martin Ratio Rank
NEXT.TO
NEXT.TO Risk / Return Rank: 5959
Overall Rank
NEXT.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
NEXT.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
NEXT.TO Omega Ratio Rank: 6161
Omega Ratio Rank
NEXT.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
NEXT.TO Martin Ratio Rank: 5555
Martin Ratio Rank
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.

HLF.TO vs. NEXT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Liner Foods Incorporated (HLF.TO) and NextSource Materials Inc. (NEXT.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.

HLF.TONEXT.TODifference
Sharpe ratioReturn per unit of total volatility
-0.58
0.46

-1.04

Sortino ratioReturn per unit of downside risk
-0.66
1.39

-2.05

Omega ratioGain probability vs. loss probability

0.90

1.17

-0.27

Calmar ratioReturn relative to maximum drawdown

-0.50

0.80

-1.30

Martin ratioReturn relative to average drawdown

-0.86

1.38

-2.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLF.TO vs. NEXT.TO - Sharpe Ratio Comparison

The current HLF.TO Sharpe Ratio is -0.58, which is lower than the NEXT.TO Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of HLF.TO and NEXT.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.

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Sharpe Ratios by Period

HLF.TONEXT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.58

0.46

-1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

-0.44

+0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.03

-0.07

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

-0.13

+0.19

Drawdowns

HLF.TO vs. NEXT.TO - Drawdown Comparison

The maximum HLF.TO drawdown since its inception was -97.14%, roughly equal to the maximum NEXT.TO drawdown of -97.46%. Use the drawdown chart below to compare losses from any high point for HLF.TO and NEXT.TO.

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Drawdown Indicators

HLF.TONEXT.TODifference

Max Drawdown

Largest peak-to-trough decline

-97.14%

-97.46%

+0.32%

Max Drawdown (1Y)

Largest decline over 1 year

-29.71%

-58.06%

+28.35%

Max Drawdown (3Y)

Largest decline over 3 years

-29.96%

-92.49%

+62.53%

Max Drawdown (5Y)

Largest decline over 5 years

-34.69%

-96.47%

+61.78%

Max Drawdown (10Y)

Largest decline over 10 years

-76.96%

-96.67%

+19.71%

Current Drawdown

Current decline from peak

-22.59%

-93.97%

+71.38%

Average Drawdown

Average peak-to-trough decline

-54.03%

-74.54%

+20.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.43%

33.69%

-16.26%

Volatility

HLF.TO vs. NEXT.TO - Volatility Comparison

The current volatility for High Liner Foods Incorporated (HLF.TO) is 4.92%, while NextSource Materials Inc. (NEXT.TO) has a volatility of 17.84%. This indicates that HLF.TO experiences smaller price fluctuations and is considered to be less risky than NEXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HLF.TONEXT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

17.84%

-12.92%

Volatility (6M)

Calculated over the trailing 6-month period

13.16%

59.86%

-46.70%

Volatility (1Y)

Calculated over the trailing 1-year period

25.60%

101.28%

-75.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.36%

81.02%

-52.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.11%

104.12%

-68.01%

Dividends

HLF.TO vs. NEXT.TO - Dividend Comparison

HLF.TO's dividend yield for the trailing twelve months is around 4.83%, while NEXT.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HLF.TO
High Liner Foods Incorporated		4.83%4.63%3.88%4.57%3.12%2.08%1.98%3.58%7.57%3.81%2.61%2.99%
NEXT.TO
NextSource Materials Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials

HLF.TO vs. NEXT.TO - Financials Comparison

This section allows you to compare key financial metrics between High Liner Foods Incorporated and NextSource Materials Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0050.00M100.00M150.00M200.00M250.00M300.00M350.00M20222023202420252026
329.43M
138.70K
(HLF.TO) Total Revenue
(NEXT.TO) Total Revenue
Values in CAD except per share items

Frequently Asked Questions

HLF.TO and NEXT.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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