NAK vs. NEXA
NAK (Northern Dynasty Minerals Ltd.) and NEXA (Nexa Resources S.A.) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 5 years, NAK returned 31.01%/yr vs 7.14%/yr for NEXA. At a 0.20 correlation, their price movements are largely independent.
Performance
NAK vs. NEXA - Performance Comparison
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Returns By Period
In the year-to-date period, NAK achieves a 13.20% return, which is significantly lower than NEXA's 70.06% return.
NAK
- 1D
- -0.89%
- 1M
- 6.70%
- YTD
- 13.20%
- 6M
- 6.70%
- 1Y
- 85.83%
- 3Y*
- 116.42%
- 5Y*
- 31.01%
- 10Y*
- 19.89%
NEXA
- 1D
- -4.81%
- 1M
- -5.88%
- YTD
- 70.06%
- 6M
- 109.90%
- 1Y
- 212.93%
- 3Y*
- 41.97%
- 5Y*
- 7.14%
- 10Y*
- —
NAK vs. NEXA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | 13.20% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -67.84% | -11.06% |
NEXA Nexa Resources S.A. | 70.06% | 2.67% | 23.25% | 22.07% | -20.07% | -16.38% | 28.63% | -28.32% | -37.43% | 12.70% |
Correlation
The correlation between NAK and NEXA is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2017 | 0.20 |
The correlation between NAK and NEXA shifts across timeframes, from 0.20 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NAK:
$1.23B
NEXA:
$1.99B
NAK:
-$0.19
NEXA:
$1.59
NAK:
69.19
NEXA:
1.75
NAK:
$0.00
NEXA:
$3.24B
NAK:
-$85.85K
NEXA:
$733.72M
NAK:
-$99.80M
NEXA:
$1.10B
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Return for Risk
NAK vs. NEXA — Risk / Return Rank
NAK
NEXA
NAK vs. NEXA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and Nexa Resources S.A. (NEXA). 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 | NEXA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 5.74 | -4.47 |
| Martin ratioReturn relative to average drawdown | 2.19 | 19.00 | -16.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAK | NEXA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 3.40 | -2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.12 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.03 | -0.03 |
Drawdowns
NAK vs. NEXA - Drawdown Comparison
The maximum NAK drawdown since its inception was -99.01%, which is greater than NEXA's maximum drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for NAK and NEXA.
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Drawdown Indicators
| NAK | NEXA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -85.01% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -67.68% | -37.31% | -30.37% |
Max Drawdown (3Y)Largest decline over 3 years | -67.68% | -47.02% | -20.66% |
Max Drawdown (5Y)Largest decline over 5 years | -67.68% | -62.86% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -93.79% | — | — |
Current DrawdownCurrent decline from peak | -89.42% | -9.99% | -79.43% |
Average DrawdownAverage peak-to-trough decline | -73.91% | -51.45% | -22.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 11.26% | +28.08% |
Volatility
NAK vs. NEXA - Volatility Comparison
The current volatility for Northern Dynasty Minerals Ltd. (NAK) is 20.03%, while Nexa Resources S.A. (NEXA) has a volatility of 26.17%. This indicates that NAK experiences smaller price fluctuations and is considered to be less risky than NEXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAK | NEXA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.03% | 26.17% | -6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 75.99% | 56.68% | +19.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.61% | 63.07% | +51.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.51% | 57.39% | +26.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.81% | 59.68% | +38.13% |
Dividends
NAK vs. NEXA - Dividend Comparison
NAK has not paid dividends to shareholders, while NEXA's dividend yield for the trailing twelve months is around 0.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEXA Nexa Resources S.A. | 0.67% | 1.14% | 0.00% | 2.64% | 6.26% | 3.36% | 3.92% | 6.46% | 5.04% |
Financials
NAK vs. NEXA - Financials Comparison
This section allows you to compare key financial metrics between Northern Dynasty Minerals Ltd. and Nexa Resources S.A.. 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 NEXA have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXA has higher volatility (26.17%) compared to NAK (20.03%). In terms of maximum drawdown, NAK dropped -99.01% vs NEXA's -85.01%.
NEXA currently has the higher Sharpe Ratio (3.40 vs 0.75), 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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