NAK vs. ASM

Last updated Apr 1, 2026

Compare and contrast key facts about Northern Dynasty Minerals Ltd. (NAK) and Avino Silver & Gold Mines Ltd. (ASM).

Performance

NAK vs. ASM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Dynasty Minerals Ltd. (NAK) and Avino Silver & Gold Mines Ltd. (ASM). The values are adjusted to include any dividend payments, if applicable.

NAK vs. ASM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAK Northern Dynasty Minerals Ltd.	-28.93%	238.78%	79.86%	46.42%	-32.31%	1.30%	-25.12%	-24.46%	-67.84%	-14.49%
ASM Avino Silver & Gold Mines Ltd.	1.77%	604.88%	68.13%	-22.95%	-21.01%	-33.77%	124.14%	-4.92%	-54.48%	-2.19%

Fundamentals

Market Cap NAK : $770.03M ASM : $1.04B
EPS NAK : -$0.15 ASM : $0.17
PB Ratio NAK : 12.75 ASM : 4.45
Total Revenue (TTM) NAK : $0.00 ASM : $88.12M
Gross Profit (TTM) NAK : -$85.85K ASM : $44.14M
EBITDA (TTM) NAK : -$78.62M ASM : $39.90M

Returns By Period

In the year-to-date period, NAK achieves a -28.93% return, which is significantly lower than ASM's 1.77% return. Over the past 10 years, NAK has underperformed ASM with an annualized return of 15.05%, while ASM has yielded a comparatively higher 20.13% annualized return.

NAK

• 1D: 10.24%
• 1M: -9.68%
• YTD: -28.93%
• 6M: 16.67%
• 1Y: 21.74%
• 3Y*: 80.31%
• 5Y*: 16.53%
• 10Y*: 15.05%

ASM

• 1D: 8.78%
• 1M: -34.30%
• YTD: 1.77%
• 6M: 20.38%
• 1Y: 243.48%
• 3Y*: 92.57%
• 5Y*: 37.41%
• 10Y*: 20.13%

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

Return for Risk

NAK vs. ASM — Risk / Return Rank

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

NAK

NAK Risk / Return Rank: 54
NAK Sharpe Ratio Rank: 48
NAK Sortino Ratio Rank: 59
NAK Omega Ratio Rank: 61
NAK Calmar Ratio Rank: 51
NAK Martin Ratio Rank: 49

ASM

ASM Risk / Return Rank: 93
ASM Sharpe Ratio Rank: 96
ASM Sortino Ratio Rank: 92
ASM Omega Ratio Rank: 89
ASM Calmar Ratio Rank: 92
ASM Martin Ratio Rank: 93

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.

NAK vs. ASM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and Avino Silver & Gold Mines Ltd. (ASM). 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.

	NAK	ASM	Difference
Sharpe ratio Return per unit of total volatility	0.18	2.93	-2.75
Sortino ratio Return per unit of downside risk	1.13	3.03	-1.90
Omega ratio Gain probability vs. loss probability	1.16	1.38	-0.22
Calmar ratio Return relative to maximum drawdown	0.37	4.47	-4.10
Martin ratio Return relative to average drawdown	0.66	13.63	-12.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAK vs. ASM - Sharpe Ratio Comparison

The current NAK Sharpe Ratio is 0.18, which is lower than the ASM Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of NAK and ASM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NAK	ASM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	2.93	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.58	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.29	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.09	-0.12

Correlation

The correlation between NAK and ASM is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NAK vs. ASM - Dividend Comparison

Neither NAK nor ASM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NAK vs. ASM - Drawdown Comparison

The maximum NAK drawdown since its inception was -99.01%, which is greater than ASM's maximum drawdown of -94.10%. Use the drawdown chart below to compare losses from any high point for NAK and ASM.

Drawdown Indicators

	NAK	ASM	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-94.10%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	-67.68%	-52.40%	-15.28%
Max Drawdown (5Y) Largest decline over 5 years	-68.85%	-70.08%	+1.23%
Max Drawdown (10Y) Largest decline over 10 years	-93.79%	-90.91%	-2.88%
Current Drawdown Current decline from peak	-93.36%	-43.77%	-49.59%
Average Drawdown Average peak-to-trough decline	-73.78%	-64.02%	-9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.08%	17.20%	+20.88%

Volatility

NAK vs. ASM - Volatility Comparison

The current volatility for Northern Dynasty Minerals Ltd. (NAK) is 25.14%, while Avino Silver & Gold Mines Ltd. (ASM) has a volatility of 28.16%. This indicates that NAK experiences smaller price fluctuations and is considered to be less risky than ASM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAK	ASM	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.14%	28.16%	-3.02%
Volatility (6M) Calculated over the trailing 6-month period	85.88%	67.30%	+18.58%
Volatility (1Y) Calculated over the trailing 1-year period	119.51%	83.71%	+35.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.25%	65.03%	+18.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.15%	70.32%	+27.83%

Financials