NAK vs. KULR

Last updated Jun 3, 2026

NAK (Northern Dynasty Minerals Ltd.) and KULR (KULR Technology Group, Inc.) are both stocks. NAK operates in Other Industrial Metals & Mining (Basic Materials), while KULR operates in Electronic Components (Technology). Over the past 5 years, NAK returned 32.93%/yr vs -25.51%/yr for KULR. At a 0.12 correlation, their price movements are largely independent.

Performance

NAK vs. KULR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Dynasty Minerals Ltd. (NAK) and KULR Technology Group, Inc. (KULR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAK achieves a 20.81% return, which is significantly lower than KULR's 76.69% return.

NAK

• 1D: 3.93%
• 1M: 16.10%
• YTD: 20.81%
• 6M: 30.05%
• 1Y: 105.17%
• 3Y*: 120.83%
• 5Y*: 32.93%
• 10Y*: 20.79%

KULR

• 1D: 13.70%
• 1M: 95.15%
• YTD: 76.69%
• 6M: 64.98%
• 1Y: -42.15%
• 3Y*: -0.75%
• 5Y*: -25.51%
• 10Y*: —

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

NAK vs. KULR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NAK Northern Dynasty Minerals Ltd.	20.81%	238.78%	79.86%	46.42%	-32.31%	1.30%	-25.12%	-24.46%	13.84%
KULR KULR Technology Group, Inc.	76.69%	-89.58%	1,818.92%	-84.58%	-56.52%	87.76%	-2.00%	-42.31%	73.33%

Correlation

The correlation between NAK and KULR is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.12

Fundamentals

Market Cap NAK : $1.31B KULR : $207.77M
EPS NAK : -$0.19 KULR : -$1.57
PB Ratio NAK : 73.84 KULR : 1.71
Total Revenue (TTM) NAK : $0.00 KULR : $16.17M
Gross Profit (TTM) NAK : -$85.85K KULR : $770.97K
EBITDA (TTM) NAK : -$99.80M KULR : -$60.59M

Return for Risk

NAK vs. KULR — Risk / Return Rank

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

NAK

NAK Risk / Return Rank: 70
NAK Sharpe Ratio Rank: 68
NAK Sortino Ratio Rank: 70
NAK Omega Ratio Rank: 75
NAK Calmar Ratio Rank: 72
NAK Martin Ratio Rank: 66

KULR

KULR Risk / Return Rank: 26
KULR Sharpe Ratio Rank: 23
KULR Sortino Ratio Rank: 29
KULR Omega Ratio Rank: 29
KULR Calmar Ratio Rank: 21
KULR Martin Ratio Rank: 26

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. KULR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and KULR Technology Group, Inc. (KULR). 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	KULR	Difference
Sharpe ratio Return per unit of total volatility	0.92	-0.41	+1.33
Sortino ratio Return per unit of downside risk	1.78	-0.02	+1.79
Omega ratio Gain probability vs. loss probability	1.26	1.00	+0.27
Calmar ratio Return relative to maximum drawdown	1.84	-0.55	+2.39
Martin ratio Return relative to average drawdown	3.17	-0.73	+3.90
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. KULR - Sharpe Ratio Comparison

The current NAK Sharpe Ratio is 0.92, which is higher than the KULR Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of NAK and KULR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NAK	KULR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	-0.41	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	-0.20	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	-0.08	+0.08

Drawdowns

NAK vs. KULR - Drawdown Comparison

The maximum NAK drawdown since its inception was -99.01%, roughly equal to the maximum KULR drawdown of -97.23%. Use the drawdown chart below to compare losses from any high point for NAK and KULR.

Drawdown Indicators

	NAK	KULR	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-97.23%	-1.78%
Max Drawdown (1Y) Largest decline over 1 year	-67.68%	-79.80%	+12.12%
Max Drawdown (3Y) Largest decline over 3 years	-67.68%	-94.74%	+27.06%
Max Drawdown (5Y) Largest decline over 5 years	-67.68%	-96.86%	+29.18%
Max Drawdown (10Y) Largest decline over 10 years	-93.79%	—	—
Current Drawdown Current decline from peak	-88.71%	-86.38%	-2.33%
Average Drawdown Average peak-to-trough decline	-73.91%	-66.19%	-7.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.31%	60.40%	-21.09%

Volatility

NAK vs. KULR - Volatility Comparison

The current volatility for Northern Dynasty Minerals Ltd. (NAK) is 18.98%, while KULR Technology Group, Inc. (KULR) has a volatility of 39.12%. This indicates that NAK experiences smaller price fluctuations and is considered to be less risky than KULR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAK	KULR	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.98%	39.12%	-20.14%
Volatility (6M) Calculated over the trailing 6-month period	75.87%	74.91%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	115.14%	104.34%	+10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.47%	126.10%	-42.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.83%	126.40%	-28.57%

Dividends

NAK vs. KULR - Dividend Comparison

Neither NAK nor KULR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NAK and KULR in my portfolio?

NAK and KULR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAK or KULR?

KULR has higher volatility (39.12%) compared to NAK (18.98%). In terms of maximum drawdown, NAK dropped -99.01% vs KULR's -97.23%.

Which has better risk-adjusted returns?

NAK currently has the higher Sharpe Ratio (0.92 vs -0.41), 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.