NAK vs. ASM
NAK (Northern Dynasty Minerals Ltd.) and ASM (Avino Silver & Gold Mines Ltd.) are both stocks. Both are in the Basic Materials sector — NAK in Other Industrial Metals & Mining, ASM in Other Precious Metals & Mining. Over the past 10 years, NAK returned 21.11%/yr vs 10.96%/yr for ASM. At a 0.26 correlation, their price movements are largely independent.
Performance
NAK vs. ASM - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NAK having a 3.55% return and ASM slightly lower at 3.38%. Over the past 10 years, NAK has outperformed ASM with an annualized return of 21.11%, while ASM has yielded a comparatively lower 10.96% annualized return.
NAK
- 1D
- -2.86%
- 1M
- -1.45%
- YTD
- 3.55%
- 6M
- -12.07%
- 1Y
- 53.38%
- 3Y*
- 110.57%
- 5Y*
- 32.37%
- 10Y*
- 21.11%
ASM
- 1D
- -1.83%
- 1M
- -1.68%
- YTD
- 3.38%
- 6M
- -6.14%
- 1Y
- 83.95%
- 3Y*
- 113.87%
- 5Y*
- 40.56%
- 10Y*
- 10.96%
NAK vs. ASM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | 3.55% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -67.84% | -14.49% |
ASM Avino Silver & Gold Mines Ltd. | 3.38% | 604.88% | 68.13% | -22.95% | -21.01% | -33.77% | 124.14% | -4.92% | -54.48% | -2.19% |
Correlation
The correlation between NAK and ASM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.26 |
The correlation between NAK and ASM shifts across timeframes, from 0.26 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NAK:
$1.12B
ASM:
$1.11B
NAK:
-CA$0.19
ASM:
$0.23
NAK:
89.69
ASM:
4.03
NAK:
CA$0.00
ASM:
$110.70M
NAK:
-CA$85.85K
ASM:
$59.09M
NAK:
-CA$99.80M
ASM:
$55.20M
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Return for Risk
NAK vs. ASM — Risk / Return Rank
NAK
ASM
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.
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.
| NAK | ASM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.61 | -0.82 |
| Martin ratioReturn relative to average drawdown | 1.35 | 3.34 | -2.00 |
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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.
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Drawdown Indicators
| NAK | ASM | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -67.68% | -52.40% | -15.28% |
Max Drawdown (5Y)Largest decline over 5 years | -67.68% | -63.94% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -93.79% | -90.91% | -2.88% |
Current DrawdownCurrent decline from peak | -90.32% | -42.88% | -47.44% |
Average DrawdownAverage peak-to-trough decline | -73.94% | -63.74% | -10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.73% | 25.19% | +14.54% |
Volatility
NAK vs. ASM - Volatility Comparison
Northern Dynasty Minerals Ltd. (NAK) and Avino Silver & Gold Mines Ltd. (ASM) have volatilities of 25.20% and 25.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAK | ASM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.20% | 25.99% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 77.34% | 65.58% | +11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.41% | 82.30% | +33.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.94% | 66.07% | +17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.98% | 69.75% | +28.23% |
Dividends
NAK vs. ASM - Dividend Comparison
Neither NAK nor ASM has paid dividends to shareholders.
Financials
NAK vs. ASM - Financials Comparison
This section allows you to compare key financial metrics between Northern Dynasty Minerals Ltd. and Avino Silver & Gold Mines 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
NAK and ASM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASM has higher volatility (25.99%) compared to NAK (25.20%). In terms of maximum drawdown, NAK dropped -99.01% vs ASM's -94.10%.
ASM currently has the higher Sharpe Ratio (1.03 vs 0.47), 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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