NAK vs. TMC

Last updated Apr 2, 2026

Compare and contrast key facts about Northern Dynasty Minerals Ltd. (NAK) and TMC the metals company Inc. (TMC).

Performance

NAK vs. TMC - Performance Comparison

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

NAK vs. TMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NAK Northern Dynasty Minerals Ltd.	-24.87%	238.78%	79.86%	46.42%	-32.31%	-35.55%
TMC TMC the metals company Inc.	-26.90%	450.89%	1.82%	42.86%	-62.98%	-77.90%

Fundamentals

Market Cap NAK : $814.03M TMC : $1.73B
EPS NAK : -$0.15 TMC : -$0.83
Total Revenue (TTM) NAK : $0.00 TMC : $0.00
Gross Profit (TTM) NAK : -$85.85K TMC : -$57.00K
EBITDA (TTM) NAK : -$78.62M TMC : -$293.79M

Returns By Period

In the year-to-date period, NAK achieves a -24.87% return, which is significantly higher than TMC's -26.90% return.

NAK

• 1D: 5.71%
• 1M: 0.00%
• YTD: -24.87%
• 6M: 25.42%
• 1Y: 33.33%
• 3Y*: 83.69%
• 5Y*: 17.83%
• 10Y*: 15.69%

TMC

• 1D: -3.43%
• 1M: -29.31%
• YTD: -26.90%
• 6M: -35.01%
• 1Y: 171.69%
• 3Y*: 75.88%
• 5Y*: —
• 10Y*: —

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

Return for Risk

NAK vs. TMC — Risk / Return Rank

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

NAK

NAK Risk / Return Rank: 55
NAK Sharpe Ratio Rank: 51
NAK Sortino Ratio Rank: 61
NAK Omega Ratio Rank: 63
NAK Calmar Ratio Rank: 51
NAK Martin Ratio Rank: 49

TMC

TMC Risk / Return Rank: 81
TMC Sharpe Ratio Rank: 81
TMC Sortino Ratio Rank: 87
TMC Omega Ratio Rank: 80
TMC Calmar Ratio Rank: 82
TMC Martin Ratio Rank: 77

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. TMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and TMC the metals company Inc. (TMC). 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	TMC	Difference
Sharpe ratio Return per unit of total volatility	0.28	1.36	-1.08
Sortino ratio Return per unit of downside risk	1.24	2.59	-1.35
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	0.42	2.63	-2.21
Martin ratio Return relative to average drawdown	0.75	5.24	-4.48
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. TMC - Sharpe Ratio Comparison

The current NAK Sharpe Ratio is 0.28, which is lower than the TMC Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of NAK and TMC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NAK	TMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	1.36	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.13	+0.10

Correlation

The correlation between NAK and TMC is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NAK vs. TMC - Dividend Comparison

Neither NAK nor TMC has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NAK vs. TMC - Drawdown Comparison

The maximum NAK drawdown since its inception was -99.01%, roughly equal to the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for NAK and TMC.

Drawdown Indicators

	NAK	TMC	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-95.58%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-67.68%	-61.65%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-68.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-93.79%	—	—
Current Drawdown Current decline from peak	-92.98%	-63.78%	-29.20%
Average Drawdown Average peak-to-trough decline	-73.79%	-80.46%	+6.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.12%	30.98%	+7.14%

Volatility

NAK vs. TMC - Volatility Comparison

Northern Dynasty Minerals Ltd. (NAK) and TMC the metals company Inc. (TMC) have volatilities of 24.50% and 23.88%, 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	TMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.50%	23.88%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	85.95%	76.51%	+9.44%
Volatility (1Y) Calculated over the trailing 1-year period	119.61%	126.75%	-7.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.28%	114.11%	-30.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.15%	114.11%	-15.96%

Financials