NA.TO vs. TNGX

Last updated Jun 13, 2026

NA.TO (National Bank of Canada) and TNGX (Tango Therapeutics, Inc.) are both stocks. NA.TO operates in Banks - Diversified (Financial Services), while TNGX operates in Biotechnology (Healthcare). Over the past 5 years, NA.TO returned 22.51%/yr vs 26.62%/yr for TNGX. At a 0.13 correlation, their price movements are largely independent.

Performance

NA.TO vs. TNGX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in National Bank of Canada (NA.TO) and Tango Therapeutics, Inc. (TNGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NA.TO is traded in CAD, while TNGX is traded in USD. To make them comparable, the TNGX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NA.TO achieves a 22.40% return, which is significantly lower than TNGX's 256.66% 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%

TNGX

• 1D: 4.05%
• 1M: 26.97%
• YTD: 256.66%
• 6M: 235.98%
• 1Y: 578.65%
• 3Y*: 107.40%
• 5Y*: 26.62%
• 10Y*: —

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

NA.TO vs. TNGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NA.TO National Bank of Canada	22.40%	36.15%	34.65%	15.53%	-1.45%	39.02%	0.68%
TNGX Tango Therapeutics, Inc.	256.66%	173.64%	-66.15%	33.30%	-29.53%	-4.42%	13.18%

Correlation

The correlation between NA.TO and TNGX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.13

Fundamentals

Market Cap NA.TO : CA$82.13B TNGX : $4.44B
EPS NA.TO : CA$11.69 TNGX : -$0.89
PS Ratio NA.TO : 3.03 TNGX : 65.32
PB Ratio NA.TO : 2.65 TNGX : 11.35
Total Revenue (TTM) NA.TO : CA$27.33B TNGX : $56.99M
Gross Profit (TTM) NA.TO : CA$14.01B TNGX : $55.33M
EBITDA (TTM) NA.TO : CA$6.37B TNGX : -$111.92M

Return for Risk

NA.TO vs. TNGX — Risk / Return Rank

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

NA.TO

NA.TO Risk / Return Rank: 97
NA.TO Sharpe Ratio Rank: 98
NA.TO Sortino Ratio Rank: 98
NA.TO Omega Ratio Rank: 98
NA.TO Calmar Ratio Rank: 95
NA.TO Martin Ratio Rank: 97

TNGX

TNGX Risk / Return Rank: 98
TNGX Sharpe Ratio Rank: 99
TNGX Sortino Ratio Rank: 98
TNGX Omega Ratio Rank: 96
TNGX Calmar Ratio Rank: 99
TNGX Martin Ratio Rank: 99

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.

NA.TO vs. TNGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Bank of Canada (NA.TO) and Tango Therapeutics, Inc. (TNGX). 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	TNGX	Difference
Sharpe ratio: Return per unit of total volatility	3.77	5.31	-1.54
Sortino ratio: Return per unit of downside risk	5.06	4.95	+0.12
Omega ratio: Gain probability vs. loss probability	1.70	1.61	+0.10
Calmar ratio: Return relative to maximum drawdown	6.73	18.73	-11.99
Martin ratio: Return relative to average drawdown	22.50	46.41	-23.91

NA.TO vs. TNGX - Sharpe Ratio Comparison

The current NA.TO Sharpe Ratio is 3.77, which is comparable to the TNGX Sharpe Ratio of 5.31. The chart below compares the historical Sharpe Ratios of NA.TO and TNGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NA.TO vs. TNGX - Drawdown Comparison

The maximum NA.TO drawdown since its inception was -55.45%, smaller than the maximum TNGX drawdown of -93.06%. Use the drawdown chart below to compare losses from any high point for NA.TO and TNGX.

Drawdown Indicators

	NA.TO	TNGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.45%	-93.06%	+37.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-28.39%	+19.40%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-91.17%	+68.59%
Max Drawdown (5Y) Largest decline over 5 years	-22.58%	-93.06%	+70.48%
Max Drawdown (10Y) Largest decline over 10 years	-48.22%	—	—
Current Drawdown Current decline from peak	-1.68%	-1.75%	+0.07%
Average Drawdown Average peak-to-trough decline	-6.76%	-46.29%	+39.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	11.46%	-8.78%

Volatility

NA.TO vs. TNGX - Volatility Comparison

The current volatility for National Bank of Canada (NA.TO) is 6.17%, while Tango Therapeutics, Inc. (TNGX) has a volatility of 52.45%. This indicates that NA.TO experiences smaller price fluctuations and is considered to be less risky than TNGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NA.TO	TNGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	52.45%	-46.28%
Volatility (6M) Calculated over the trailing 6-month period	13.64%	77.91%	-64.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	100.20%	-84.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	102.18%	-84.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.94%	96.27%	-75.33%

Dividends

NA.TO vs. TNGX - Dividend Comparison

NA.TO's dividend yield for the trailing twelve months is around 2.31%, while TNGX 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%
TNGX Tango Therapeutics, 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

Frequently Asked Questions

Can I hold both NA.TO and TNGX in my portfolio?

NA.TO and TNGX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.