LUN.TO vs. NGEX.TO
LUN.TO (Lundin Mining Corporation) and NGEX.TO (NGEx Minerals Ltd) are both stocks. Both are in the Basic Materials sector — LUN.TO in Copper, NGEX.TO in Other Industrial Metals & Mining. Over the past 5 years, LUN.TO returned 28.07%/yr vs 106.42%/yr for NGEX.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
LUN.TO vs. NGEX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LUN.TO achieves a 28.54% return, which is significantly higher than NGEX.TO's 3.95% return.
LUN.TO
- 1D
- 2.69%
- 1M
- -9.84%
- YTD
- 28.54%
- 6M
- 39.35%
- 1Y
- 171.40%
- 3Y*
- 58.49%
- 5Y*
- 28.07%
- 10Y*
- 27.86%
NGEX.TO
- 1D
- 6.87%
- 1M
- -10.46%
- YTD
- 3.95%
- 6M
- 6.06%
- 1Y
- 75.53%
- 3Y*
- 58.44%
- 5Y*
- 106.42%
- 10Y*
- —
LUN.TO vs. NGEX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 28.54% | 141.86% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 29.39% |
NGEX.TO NGEx Minerals Ltd | 3.95% | 90.90% | 87.29% | 132.47% | 66.49% | 255.77% | 35.06% | -41.67% |
Correlation
The correlation between LUN.TO and NGEX.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019 | 0.25 |
Over the past year, LUN.TO and NGEX.TO have become more correlated (0.62) than their long-term average of 0.25, meaning their price movements have been converging.
Fundamentals
LUN.TO:
CA$32.59B
NGEX.TO:
CA$5.77B
LUN.TO:
$1.69
NGEX.TO:
-CA$0.63
LUN.TO:
3.40
NGEX.TO:
9.07
LUN.TO:
$4.04B
NGEX.TO:
CA$0.00
LUN.TO:
$1.55B
NGEX.TO:
-CA$36.44K
LUN.TO:
$1.92B
NGEX.TO:
-CA$134.74M
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Return for Risk
LUN.TO vs. NGEX.TO — Risk / Return Rank
LUN.TO
NGEX.TO
LUN.TO vs. NGEX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUN.TO) 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.
| LUN.TO | NGEX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.12 | 2.48 | +2.64 |
| Martin ratioReturn relative to average drawdown | 16.75 | 6.16 | +10.59 |
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Drawdowns
LUN.TO vs. NGEX.TO - Drawdown Comparison
The maximum LUN.TO drawdown since its inception was -95.33%, which is greater than NGEX.TO's maximum drawdown of -66.75%. Use the drawdown chart below to compare losses from any high point for LUN.TO and NGEX.TO.
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Drawdown Indicators
| LUN.TO | NGEX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.33% | -66.75% | -28.58% |
Max Drawdown (1Y)Largest decline over 1 year | -33.67% | -30.62% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -47.11% | -30.62% | -16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -53.91% | -66.75% | +12.84% |
Max Drawdown (10Y)Largest decline over 10 years | -57.61% | — | — |
Current DrawdownCurrent decline from peak | -14.62% | -16.43% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -48.73% | -18.77% | -29.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 12.31% | -2.03% |
Volatility
LUN.TO vs. NGEX.TO - Volatility Comparison
The current volatility for Lundin Mining Corporation (LUN.TO) is 19.93%, while NGEx Minerals Ltd (NGEX.TO) has a volatility of 26.53%. This indicates that LUN.TO 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.
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Volatility by Period
| LUN.TO | NGEX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.93% | 26.53% | -6.60% |
Volatility (6M)Calculated over the trailing 6-month period | 44.51% | 45.97% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.84% | 58.36% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.24% | 62.92% | -16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.96% | 71.85% | -25.89% |
Dividends
LUN.TO vs. NGEX.TO - Dividend Comparison
LUN.TO's dividend yield for the trailing twelve months is around 0.29%, while NGEX.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 0.29% | 0.68% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% |
NGEX.TO NGEx Minerals Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LUN.TO vs. NGEX.TO - Financials Comparison
This section allows you to compare key financial metrics between Lundin Mining Corporation and NGEx 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
LUN.TO and NGEX.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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