NAK vs. TMQ
NAK (Northern Dynasty Minerals Ltd.) and TMQ (Trilogy Metals Inc.) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 10 years, NAK returned 8.87%/yr vs 18.67%/yr for TMQ. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
NAK vs. TMQ - Performance Comparison
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Returns By Period
In the year-to-date period, NAK achieves a -28.93% return, which is significantly lower than TMQ's -27.38% return. Over the past 10 years, NAK has underperformed TMQ with an annualized return of 8.87%, while TMQ has yielded a comparatively higher 18.67% annualized return.
NAK
- 1D
- 0.72%
- 1M
- -24.73%
- 6M
- -31.37%
- YTD
- -28.93%
- 1Y
- 86.67%
- 3Y*
- 67.11%
- 5Y*
- 26.49%
- 10Y*
- 8.87%
- ALL TIME*
- -3.04%
TMQ
- 1D
- -1.57%
- 1M
- -8.21%
- 6M
- -37.90%
- YTD
- -27.38%
- 1Y
- 96.86%
- 3Y*
- 81.33%
- 5Y*
- 6.92%
- 10Y*
- 18.67%
- ALL TIME*
- -0.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $8.10M | $13.18M | |
| $3.44M | $4.89M | $8.46M |
NAK vs. TMQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | -28.93% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -67.84% | -14.49% |
TMQ Trilogy Metals Inc. | -27.38% | 271.55% | 169.77% | -21.82% | -66.67% | -17.50% | -23.08% | 50.29% | 58.72% | 114.95% |
Correlation
The correlation between NAK and TMQ is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2012 | 0.18 |
Over the past year, NAK and TMQ have become more correlated (0.55) than their long-term average of 0.18, meaning their price movements have been converging.
Fundamentals
NAK:
$784.44M
TMQ:
$540.69M
NAK:
-CA$0.19
TMQ:
-$0.30
NAK:
60.87
TMQ:
4.66
NAK:
CA$0.00
TMQ:
$0.00
NAK:
-CA$85.85K
TMQ:
$0.00
NAK:
-CA$99.80M
TMQ:
-$49.85M
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Return for Risk
NAK vs. TMQ — Risk / Return Rank
NAK
TMQ
NAK vs. TMQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NAK) and Trilogy Metals Inc. (TMQ). 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 | TMQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.38 | -0.06 |
| Martin ratioReturn relative to average drawdown | 2.54 | 1.87 | +0.68 |
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Drawdowns
NAK vs. TMQ - Drawdown Comparison
The maximum NAK drawdown since its inception was -99.01%, roughly equal to the maximum TMQ drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for NAK and TMQ.
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Drawdown Indicators
| NAK | TMQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -96.55% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -59.06% | -72.45% | +13.39% |
Max Drawdown (3Y)Largest decline over 3 years | -67.68% | -72.45% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -67.68% | -83.79% | +16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -93.79% | -88.01% | -5.78% |
Current DrawdownCurrent decline from peak | -93.36% | -70.47% | -22.89% |
Average DrawdownAverage peak-to-trough decline | -74.03% | -71.89% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.55% | 53.41% | -22.86% |
Volatility
NAK vs. TMQ - Volatility Comparison
Northern Dynasty Minerals Ltd. (NAK) has a higher volatility of 21.79% compared to Trilogy Metals Inc. (TMQ) at 16.25%. This indicates that NAK's price experiences larger fluctuations and is considered to be riskier than TMQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAK | TMQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.79% | 16.25% | +5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 77.20% | 57.47% | +19.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.66% | 235.30% | -137.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.34% | 128.49% | -44.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.03% | 101.14% | -4.11% |
Dividends
NAK vs. TMQ - Dividend Comparison
Neither NAK nor TMQ has paid dividends to shareholders.
Financials
NAK vs. TMQ - Financials Comparison
This section allows you to compare key financial metrics between Northern Dynasty Minerals Ltd. and Trilogy Metals Inc.. 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 TMQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAK has higher volatility (21.79%) compared to TMQ (16.25%). In terms of maximum drawdown, NAK dropped -99.01% vs TMQ's -96.55%.
NAK currently has the higher Sharpe Ratio (0.80 vs 0.42), 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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