KULR vs. NAK

Last updated Jun 3, 2026

KULR (KULR Technology Group, Inc.) and NAK (Northern Dynasty Minerals Ltd.) are both stocks. KULR operates in Electronic Components (Technology), while NAK operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, KULR returned -25.51%/yr vs 32.93%/yr for NAK. At a 0.12 correlation, their price movements are largely independent.

Performance

KULR vs. NAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KULR Technology Group, Inc. (KULR) and Northern Dynasty Minerals Ltd. (NAK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KULR achieves a 76.69% return, which is significantly higher than NAK's 20.81% return.

KULR

• 1D: 13.70%
• 1M: 95.15%
• YTD: 76.69%
• 6M: 64.98%
• 1Y: -42.15%
• 3Y*: -0.75%
• 5Y*: -25.51%
• 10Y*: —

NAK

• 1D: 3.93%
• 1M: 16.10%
• YTD: 20.81%
• 6M: 30.05%
• 1Y: 105.17%
• 3Y*: 120.83%
• 5Y*: 32.93%
• 10Y*: 20.79%

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

KULR vs. NAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KULR KULR Technology Group, Inc.	76.69%	-89.58%	1,818.92%	-84.58%	-56.52%	87.76%	-2.00%	-42.31%	73.33%
NAK Northern Dynasty Minerals Ltd.	20.81%	238.78%	79.86%	46.42%	-32.31%	1.30%	-25.12%	-24.46%	13.84%

Correlation

The correlation between KULR and NAK is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.12

Fundamentals

Market Cap KULR : $207.77M NAK : $1.31B
EPS KULR : -$1.57 NAK : -$0.19
PB Ratio KULR : 1.71 NAK : 73.84
Total Revenue (TTM) KULR : $16.17M NAK : $0.00
Gross Profit (TTM) KULR : $770.97K NAK : -$85.85K
EBITDA (TTM) KULR : -$60.59M NAK : -$99.80M

Return for Risk

KULR vs. NAK — Risk / Return Rank

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

KULR

KULR Risk / Return Rank: 26
KULR Sharpe Ratio Rank: 23
KULR Sortino Ratio Rank: 29
KULR Omega Ratio Rank: 29
KULR Calmar Ratio Rank: 21
KULR Martin Ratio Rank: 26

NAK

NAK Risk / Return Rank: 70
NAK Sharpe Ratio Rank: 68
NAK Sortino Ratio Rank: 70
NAK Omega Ratio Rank: 75
NAK Calmar Ratio Rank: 72
NAK Martin Ratio Rank: 66

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.

KULR vs. NAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KULR Technology Group, Inc. (KULR) 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.

	KULR	NAK	Difference
Sharpe ratio Return per unit of total volatility	-0.41	0.92	-1.33
Sortino ratio Return per unit of downside risk	-0.02	1.78	-1.79
Omega ratio Gain probability vs. loss probability	1.00	1.26	-0.27
Calmar ratio Return relative to maximum drawdown	-0.55	1.84	-2.39
Martin ratio Return relative to average drawdown	-0.73	3.17	-3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KULR vs. NAK - Sharpe Ratio Comparison

The current KULR Sharpe Ratio is -0.41, which is lower than the NAK Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of KULR and NAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KULR	NAK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	0.92	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.40	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.00	-0.08

Drawdowns

KULR vs. NAK - Drawdown Comparison

The maximum KULR drawdown since its inception was -97.23%, roughly equal to the maximum NAK drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for KULR and NAK.

Drawdown Indicators

	KULR	NAK	Difference
Max Drawdown Largest peak-to-trough decline	-97.23%	-99.01%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-79.80%	-67.68%	-12.12%
Max Drawdown (3Y) Largest decline over 3 years	-94.74%	-67.68%	-27.06%
Max Drawdown (5Y) Largest decline over 5 years	-96.86%	-67.68%	-29.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-93.79%	—
Current Drawdown Current decline from peak	-86.38%	-88.71%	+2.33%
Average Drawdown Average peak-to-trough decline	-66.19%	-73.91%	+7.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.40%	39.31%	+21.09%

Volatility

KULR vs. NAK - Volatility Comparison

KULR Technology Group, Inc. (KULR) has a higher volatility of 39.12% compared to Northern Dynasty Minerals Ltd. (NAK) at 18.98%. This indicates that KULR'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.

Volatility by Period

	KULR	NAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.12%	18.98%	+20.14%
Volatility (6M) Calculated over the trailing 6-month period	74.91%	75.87%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	104.34%	115.14%	-10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.10%	83.47%	+42.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.40%	97.83%	+28.57%

Dividends

KULR vs. NAK - Dividend Comparison

Neither KULR nor NAK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both KULR and NAK in my portfolio?

KULR and NAK have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KULR or NAK?

KULR has higher volatility (39.12%) compared to NAK (18.98%). In terms of maximum drawdown, KULR dropped -97.23% vs NAK's -99.01%.

Which has better risk-adjusted returns?

NAK currently has the higher Sharpe Ratio (0.92 vs -0.41), 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.