NAK vs. SVM

Last updated Jun 13, 2026

NAK (Northern Dynasty Minerals Ltd.) and SVM (Silvercorp Metals Inc.) are both stocks. Both are in the Basic Materials sector — NAK in Other Industrial Metals & Mining, SVM in Silver. Over the past 10 years, NAK returned 20.01%/yr vs 19.41%/yr for SVM. At a 0.33 correlation, their price movements are largely independent.

Performance

NAK vs. SVM - Performance Comparison

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

Returns By Period

In the year-to-date period, NAK achieves a 3.55% return, which is significantly lower than SVM's 35.63% return. Both investments have delivered pretty close results over the past 10 years, with NAK having a 20.01% annualized return and SVM not far behind at 19.41%.

NAK

• 1D: 4.62%
• 1M: -9.33%
• YTD: 3.55%
• 6M: -5.12%
• 1Y: 65.85%
• 3Y*: 109.20%
• 5Y*: 29.51%
• 10Y*: 20.01%

SVM

• 1D: 7.52%
• 1M: -28.00%
• YTD: 35.63%
• 6M: 39.13%
• 1Y: 166.61%
• 3Y*: 57.23%
• 5Y*: 13.01%
• 10Y*: 19.41%

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

NAK vs. SVM - 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%
SVM Silvercorp Metals Inc.	35.63%	179.29%	14.88%	-10.33%	-20.60%	-43.52%	18.54%	172.27%	-18.96%	12.52%

Correlation

The correlation between NAK and SVM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 2, 2005	0.33

The correlation between NAK and SVM shifts across timeframes, from 0.27 (10 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NAK : $1.12B SVM : $2.50B
EPS NAK : -CA$0.19 SVM : -$0.05
PB Ratio NAK : 88.47 SVM : 2.65
Total Revenue (TTM) NAK : CA$0.00 SVM : $437.11M
Gross Profit (TTM) NAK : -CA$85.85K SVM : $254.02M
EBITDA (TTM) NAK : -CA$99.80M SVM : $185.32M

Return for Risk

NAK vs. SVM — Risk / Return Rank

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

NAK

NAK Risk / Return Rank: 65
NAK Sharpe Ratio Rank: 62
NAK Sortino Ratio Rank: 67
NAK Omega Ratio Rank: 71
NAK Calmar Ratio Rank: 63
NAK Martin Ratio Rank: 60

SVM

SVM Risk / Return Rank: 89
SVM Sharpe Ratio Rank: 93
SVM Sortino Ratio Rank: 85
SVM Omega Ratio Rank: 85
SVM Calmar Ratio Rank: 90
SVM Martin Ratio Rank: 92

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. SVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and Silvercorp Metals Inc. (SVM). 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	SVM	Difference
Sharpe ratio: Return per unit of total volatility	0.57	2.42	-1.84
Sortino ratio: Return per unit of downside risk	1.49	2.59	-1.09
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	0.98	4.30	-3.32
Martin ratio: Return relative to average drawdown	1.67	12.58	-10.91

NAK vs. SVM - Sharpe Ratio Comparison

The current NAK Sharpe Ratio is 0.57, which is lower than the SVM Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of NAK and SVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NAK vs. SVM - Drawdown Comparison

The maximum NAK drawdown since its inception was -99.01%, roughly equal to the maximum SVM drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for NAK and SVM.

Drawdown Indicators

	NAK	SVM	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-98.00%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-67.68%	-39.02%	-28.66%
Max Drawdown (3Y) Largest decline over 3 years	-67.68%	-42.86%	-24.82%
Max Drawdown (5Y) Largest decline over 5 years	-67.68%	-67.44%	-0.24%
Max Drawdown (10Y) Largest decline over 10 years	-93.79%	-76.19%	-17.60%
Current Drawdown Current decline from peak	-90.32%	-42.85%	-47.47%
Average Drawdown Average peak-to-trough decline	-73.93%	-71.64%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.60%	13.30%	+26.30%

Volatility

NAK vs. SVM - Volatility Comparison

Northern Dynasty Minerals Ltd. (NAK) and Silvercorp Metals Inc. (SVM) have volatilities of 26.03% and 26.97%, 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.

Volatility by Period

	NAK	SVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.03%	26.97%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	77.41%	56.61%	+20.80%
Volatility (1Y) Calculated over the trailing 1-year period	115.33%	69.31%	+46.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.81%	55.63%	+28.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.90%	61.77%	+36.13%

Dividends

NAK vs. SVM - Dividend Comparison

NAK has not paid dividends to shareholders, while SVM's dividend yield for the trailing twelve months is around 0.22%.

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%
SVM Silvercorp Metals Inc.	0.22%	0.30%	0.83%	0.95%	0.84%	0.66%	0.37%	0.44%	1.19%	0.76%	0.43%	2.13%

Financials

Frequently Asked Questions

Can I hold both NAK and SVM in my portfolio?

NAK and SVM have a correlation of 0.41, 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 SVM?

SVM has higher volatility (26.97%) compared to NAK (26.03%). In terms of maximum drawdown, NAK dropped -99.01% vs SVM's -98.00%.

Which has better risk-adjusted returns?

SVM currently has the higher Sharpe Ratio (2.42 vs 0.57), 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.