MP vs. NB
MP (MP Materials Corp.) and NB (NioCorp Developments Ltd. Common Stock) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, MP returned 27.30%/yr vs -3.30%/yr for NB. At a 0.41 correlation, their price movements are largely independent.
Performance
MP vs. NB - Performance Comparison
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Returns By Period
In the year-to-date period, MP achieves a 3.35% return, which is significantly higher than NB's -12.83% return.
MP
- 1D
- 0.97%
- 1M
- -9.28%
- 6M
- -15.79%
- YTD
- 3.35%
- 1Y
- 15.74%
- 3Y*
- 27.30%
- 5Y*
- 7.21%
- 10Y*
- —
NB
- 1D
- 1.09%
- 1M
- -14.44%
- 6M
- -26.67%
- YTD
- -12.83%
- 1Y
- 50.00%
- 3Y*
- -3.30%
- 5Y*
- —
- 10Y*
- —
MP vs. NB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MP MP Materials Corp. | 3.35% | 223.85% | -21.41% | -26.45% |
NB NioCorp Developments Ltd. Common Stock | -12.83% | 241.94% | -51.41% | -57.47% |
Correlation
The correlation between MP and NB is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.41 |
Over the past year, MP and NB have become more correlated (0.72) than their long-term average of 0.41, meaning their price movements have been converging.
Fundamentals
MP:
$9.29B
NB:
$672.61M
MP:
-$0.57
NB:
-$0.45
MP:
$305.30M
NB:
$0.00
MP:
$25.30M
NB:
-$1.00K
MP:
$1.52M
NB:
-$54.65M
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Return for Risk
MP vs. NB — Risk / Return Rank
MP
NB
MP vs. NB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and NioCorp Developments Ltd. Common Stock (NB). 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.
| MP | NB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.16 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.80 | -0.51 |
| Martin ratioReturn relative to average drawdown | 0.45 | 1.16 | -0.71 |
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Drawdowns
MP vs. NB - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, roughly equal to the maximum NB drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for MP and NB.
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Drawdown Indicators
| MP | NB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -82.83% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -53.79% | -64.10% | +10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -57.80% | -74.71% | +16.91% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | — | — |
Current DrawdownCurrent decline from peak | -47.08% | -60.41% | +13.33% |
Average DrawdownAverage peak-to-trough decline | -42.60% | -56.01% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.09% | 43.99% | -9.90% |
Volatility
MP vs. NB - Volatility Comparison
The current volatility for MP Materials Corp. (MP) is 14.71%, while NioCorp Developments Ltd. Common Stock (NB) has a volatility of 18.66%. This indicates that MP experiences smaller price fluctuations and is considered to be less risky than NB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MP | NB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.71% | 18.66% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 50.74% | 64.33% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.32% | 107.49% | -16.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.66% | 91.15% | -21.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.41% | 91.15% | -18.74% |
Dividends
MP vs. NB - Dividend Comparison
Neither MP nor NB has paid dividends to shareholders.
Financials
MP vs. NB - Financials Comparison
This section allows you to compare key financial metrics between MP Materials Corp. and NioCorp Developments Ltd. Common Stock. 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
MP and NB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NB has higher volatility (18.66%) compared to MP (14.71%). In terms of maximum drawdown, MP dropped -81.99% vs NB's -82.83%.
NB currently has the higher Sharpe Ratio (0.49 vs 0.20), 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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