NA.TO vs. NGEX.TO
NA.TO (National Bank of Canada) and NGEX.TO (NGEx Minerals Ltd) are both stocks. NA.TO operates in Banks - Diversified (Financial Services), while NGEX.TO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, NA.TO returned 22.51%/yr vs 106.42%/yr for NGEX.TO. At a 0.15 correlation, their price movements are largely independent.
Performance
NA.TO vs. NGEX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NA.TO achieves a 22.40% return, which is significantly higher than NGEX.TO's 3.95% return.
NA.TO
- 1D
- 0.62%
- 1M
- 2.52%
- YTD
- 22.40%
- 6M
- 23.26%
- 1Y
- 60.21%
- 3Y*
- 33.78%
- 5Y*
- 22.51%
- 10Y*
- 21.48%
NGEX.TO
- 1D
- 6.87%
- 1M
- -10.46%
- YTD
- 3.95%
- 6M
- 6.06%
- 1Y
- 75.53%
- 3Y*
- 58.44%
- 5Y*
- 106.42%
- 10Y*
- —
NA.TO vs. NGEX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NA.TO National Bank of Canada | 22.40% | 36.15% | 34.65% | 15.53% | -1.45% | 39.02% | 4.01% | 20.14% |
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 NA.TO and NGEX.TO 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 | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019 | 0.15 |
The correlation between NA.TO and NGEX.TO shifts across timeframes, from 0.15 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NA.TO:
CA$82.13B
NGEX.TO:
CA$5.77B
NA.TO:
CA$11.69
NGEX.TO:
-CA$0.63
NA.TO:
2.65
NGEX.TO:
9.07
NA.TO:
CA$27.33B
NGEX.TO:
CA$0.00
NA.TO:
CA$14.01B
NGEX.TO:
-CA$36.44K
NA.TO:
CA$6.37B
NGEX.TO:
-CA$134.74M
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Return for Risk
NA.TO vs. NGEX.TO — Risk / Return Rank
NA.TO
NGEX.TO
NA.TO vs. NGEX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Bank of Canada (NA.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.
| NA.TO | NGEX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.24 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 6.73 | 2.48 | +4.25 |
| Martin ratioReturn relative to average drawdown | 22.50 | 6.16 | +16.34 |
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Drawdowns
NA.TO vs. NGEX.TO - Drawdown Comparison
The maximum NA.TO drawdown since its inception was -55.45%, smaller than the maximum NGEX.TO drawdown of -66.75%. Use the drawdown chart below to compare losses from any high point for NA.TO and NGEX.TO.
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Drawdown Indicators
| NA.TO | NGEX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -66.75% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -30.62% | +21.63% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -30.62% | +8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -66.75% | +44.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -16.43% | +14.75% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -18.77% | +12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 12.31% | -9.63% |
Volatility
NA.TO vs. NGEX.TO - Volatility Comparison
The current volatility for National Bank of Canada (NA.TO) is 6.17%, while NGEx Minerals Ltd (NGEX.TO) has a volatility of 26.53%. This indicates that NA.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
| NA.TO | NGEX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 26.53% | -20.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.64% | 45.97% | -32.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 58.36% | -42.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 62.92% | -45.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 71.85% | -50.91% |
Dividends
NA.TO vs. NGEX.TO - Dividend Comparison
NA.TO's dividend yield for the trailing twelve months is around 2.31%, while NGEX.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NA.TO National Bank of Canada | 2.31% | 2.75% | 3.36% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% |
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% | 0.00% | 0.00% |
Financials
NA.TO vs. NGEX.TO - Financials Comparison
This section allows you to compare key financial metrics between National Bank of Canada 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
NA.TO and NGEX.TO 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.
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