NB vs. ARRNF
NB (NioCorp Developments Ltd. Common Stock) and ARRNF (American Rare Earths Limited) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, NB returned 0.98%/yr vs 39.17%/yr for ARRNF. At a 0.15 correlation, their price movements are largely independent.
Performance
NB vs. ARRNF - Performance Comparison
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Returns By Period
In the year-to-date period, NB achieves a -1.89% return, which is significantly lower than ARRNF's 23.86% return.
NB
- 1D
- -2.07%
- 1M
- -3.70%
- YTD
- -1.89%
- 6M
- -8.61%
- 1Y
- 100.00%
- 3Y*
- 0.98%
- 5Y*
- —
- 10Y*
- —
ARRNF
- 1D
- -3.67%
- 1M
- -13.33%
- YTD
- 23.86%
- 6M
- 0.89%
- 1Y
- 45.71%
- 3Y*
- 39.17%
- 5Y*
- 67.04%
- 10Y*
- —
NB vs. ARRNF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NB NioCorp Developments Ltd. Common Stock | -1.89% | 241.94% | -51.41% | -57.47% |
ARRNF American Rare Earths Limited | 23.86% | 23.89% | 41.25% | -18.87% |
Correlation
The correlation between NB and ARRNF is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.15 |
The correlation between NB and ARRNF shifts across timeframes, from 0.15 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NB:
$707.98M
ARRNF:
$144.96M
NB:
-$0.52
ARRNF:
-A$0.02
NB:
1.63
ARRNF:
4.29
NB:
$0.00
ARRNF:
-A$128.85K
NB:
-$1.00K
ARRNF:
-A$385.87K
NB:
-$54.65M
ARRNF:
-A$12.72M
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Return for Risk
NB vs. ARRNF — Risk / Return Rank
NB
ARRNF
NB vs. ARRNF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NioCorp Developments Ltd. Common Stock (NB) and American Rare Earths Limited (ARRNF). 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.
| NB | ARRNF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.66 | +0.90 |
| Martin ratioReturn relative to average drawdown | 2.39 | 0.91 | +1.49 |
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Drawdowns
NB vs. ARRNF - Drawdown Comparison
The maximum NB drawdown since its inception was -82.83%, roughly equal to the maximum ARRNF drawdown of -83.01%. Use the drawdown chart below to compare losses from any high point for NB and ARRNF.
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Drawdown Indicators
| NB | ARRNF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.83% | -83.01% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -64.10% | -69.13% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -75.00% | -69.13% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -83.01% | — |
Current DrawdownCurrent decline from peak | -55.44% | -61.77% | +6.33% |
Average DrawdownAverage peak-to-trough decline | -55.95% | -46.32% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.94% | 50.62% | -8.68% |
Volatility
NB vs. ARRNF - Volatility Comparison
NioCorp Developments Ltd. Common Stock (NB) has a higher volatility of 24.34% compared to American Rare Earths Limited (ARRNF) at 20.66%. This indicates that NB's price experiences larger fluctuations and is considered to be riskier than ARRNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NB | ARRNF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.34% | 20.66% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 65.65% | 51.13% | +14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.87% | 127.16% | -18.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.58% | 314.80% | -223.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.58% | 289.31% | -197.73% |
Dividends
NB vs. ARRNF - Dividend Comparison
Neither NB nor ARRNF has paid dividends to shareholders.
Financials
NB vs. ARRNF - Financials Comparison
This section allows you to compare key financial metrics between NioCorp Developments Ltd. Common Stock and American Rare Earths Limited. 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
NB and ARRNF have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NB has higher volatility (24.34%) compared to ARRNF (20.66%). In terms of maximum drawdown, NB dropped -82.83% vs ARRNF's -83.01%.
NB currently has the higher Sharpe Ratio (0.93 vs 0.36), 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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