NAK vs. PAA
NAK (Northern Dynasty Minerals Ltd.) and PAA (Plains All American Pipeline, L.P.) are both stocks. NAK operates in Other Industrial Metals & Mining (Basic Materials), while PAA operates in Oil & Gas Midstream (Energy). Over the past 10 years, NAK returned 19.65%/yr vs 5.94%/yr for PAA. At a 0.19 correlation, their price movements are largely independent.
Performance
NAK vs. PAA - Performance Comparison
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Returns By Period
Over the past 10 years, NAK has outperformed PAA with an annualized return of 19.65%, while PAA has yielded a comparatively lower 5.94% annualized return.
NAK
- 1D
- 3.14%
- 1M
- -8.37%
- YTD
- 0.00%
- 6M
- -1.99%
- 1Y
- 52.71%
- 3Y*
- 110.40%
- 5Y*
- 28.06%
- 10Y*
- 19.65%
PAA
- 1D
- 0.88%
- 1M
- 4.97%
- YTD
- 32.09%
- 6M
- 35.41%
- 1Y
- 42.03%
- 3Y*
- 29.12%
- 5Y*
- 22.64%
- 10Y*
- 5.94%
NAK vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | -0.00% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -67.84% | -14.49% |
PAA Plains All American Pipeline, L.P. | 32.09% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | -50.79% | -2.28% | 2.31% | -31.34% |
Correlation
The correlation between NAK and PAA is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2003 | 0.19 |
The correlation between NAK and PAA shifts across timeframes, from -0.22 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NAK:
$1.08B
PAA:
$16.10B
NAK:
-$0.19
PAA:
$2.19
NAK:
61.12
PAA:
1.26
NAK:
$0.00
PAA:
$45.25B
NAK:
-$85.85K
PAA:
$1.55B
NAK:
-$99.80M
PAA:
$2.54B
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Return for Risk
NAK vs. PAA — Risk / Return Rank
NAK
PAA
NAK vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and Plains All American Pipeline, L.P. (PAA). 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 | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.91 | -2.12 |
| Martin ratioReturn relative to average drawdown | 1.34 | 8.41 | -7.07 |
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 | PAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 2.29 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.85 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.14 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.31 | -0.32 |
Drawdowns
NAK vs. PAA - Drawdown Comparison
The maximum NAK drawdown since its inception was -99.01%, which is greater than PAA's maximum drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for NAK and PAA.
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Drawdown Indicators
| NAK | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -91.99% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -67.68% | -14.53% | -53.15% |
Max Drawdown (3Y)Largest decline over 3 years | -67.68% | -22.26% | -45.42% |
Max Drawdown (5Y)Largest decline over 5 years | -67.68% | -26.11% | -41.57% |
Max Drawdown (10Y)Largest decline over 10 years | -93.79% | -87.92% | -5.87% |
Current DrawdownCurrent decline from peak | -90.65% | -8.58% | -82.07% |
Average DrawdownAverage peak-to-trough decline | -73.92% | -25.77% | -48.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.43% | 5.01% | +34.42% |
Volatility
NAK vs. PAA - Volatility Comparison
Northern Dynasty Minerals Ltd. (NAK) has a higher volatility of 25.23% compared to Plains All American Pipeline, L.P. (PAA) at 7.29%. This indicates that NAK's price experiences larger fluctuations and is considered to be riskier than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAK | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.23% | 7.29% | +17.94% |
Volatility (6M)Calculated over the trailing 6-month period | 77.05% | 14.05% | +63.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.40% | 18.45% | +96.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.77% | 26.80% | +56.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.95% | 41.83% | +56.12% |
Dividends
NAK vs. PAA - Dividend Comparison
NAK has not paid dividends to shareholders, while PAA's dividend yield for the trailing twelve months is around 7.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAA Plains All American Pipeline, L.P. | 7.00% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
Financials
NAK vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between Northern Dynasty Minerals Ltd. and Plains All American Pipeline, L.P.. 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 PAA 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.
NAK has higher volatility (25.23%) compared to PAA (7.29%). In terms of maximum drawdown, NAK dropped -99.01% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (2.29 vs 0.46), 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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