NB vs. CGAU

Last updated Aug 1, 2026

NB (NioCorp Developments Ltd. Common Stock) and CGAU (Centerra Gold Inc) are both stocks. Both are in the Basic Materials sector — NB in Other Industrial Metals & Mining, CGAU in Gold. Over the past 3 years, NB returned -2.28%/yr vs 46.41%/yr for CGAU. Their 0.26 correlation means their historical movements had little consistent relationship.

Performance

NB vs. CGAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NioCorp Developments Ltd. Common Stock (NB) and Centerra Gold Inc (CGAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NB achieves a -19.72% return, which is significantly lower than CGAU's 20.32% return.

NB

• 1D: -1.05%
• 1M: -10.23%
• 6M: -27.88%
• YTD: -19.72%
• 1Y: 34.65%
• 3Y*: -2.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -15.51%

CGAU

• 1D: -6.17%
• 1M: 3.68%
• 6M: 3.16%
• YTD: 20.32%
• 1Y: 151.89%
• 3Y*: 46.41%
• 5Y*: 18.80%
• 10Y*: —
• ALL TIME*: 15.24%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGAU Centerra Gold Inc	$26.01M	$24.30M	$25.95M
NB NioCorp Developments Ltd. Common Stock	$10.70M	$12.76M	$17.89M

NB vs. CGAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NB NioCorp Developments Ltd. Common Stock	-19.72%	241.94%	-51.41%	-57.47%
CGAU Centerra Gold Inc	20.32%	159.49%	-1.45%	-3.61%

Correlation

The correlation between NB and CGAU is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023	0.26

Fundamentals

Market Cap NB : $619.47M CGAU : $3.36B
EPS NB : -$0.45 CGAU : $3.13
PB Ratio NB : 1.33 CGAU : 1.60
Total Revenue (TTM) NB : $0.00 CGAU : $1.70B
Gross Profit (TTM) NB : -$1.00K CGAU : $611.06M
EBITDA (TTM) NB : -$54.65M CGAU : $1.02B

Return for Risk

NB vs. CGAU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NB

NB Risk / Return Rank: 63
NB Sharpe Ratio Rank: 63
NB Sortino Ratio Rank: 68
NB Omega Ratio Rank: 65
NB Calmar Ratio Rank: 63
NB Martin Ratio Rank: 58

CGAU

CGAU Risk / Return Rank: 94
CGAU Sharpe Ratio Rank: 97
CGAU Sortino Ratio Rank: 92
CGAU Omega Ratio Rank: 92
CGAU Calmar Ratio Rank: 96
CGAU Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NB vs. CGAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NioCorp Developments Ltd. Common Stock (NB) and Centerra Gold Inc (CGAU). 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	CGAU	Difference
Sharpe ratio: Return per unit of total volatility	0.51	2.95	-2.44
Sortino ratio: Return per unit of downside risk	1.38	2.95	-1.57
Omega ratio: Gain probability vs. loss probability	1.16	1.40	-0.24
Calmar ratio: Return relative to maximum drawdown	0.76	5.36	-4.59
Martin ratio: Return relative to average drawdown	1.11	12.46	-11.35

NB vs. CGAU - Sharpe Ratio Comparison

The current NB Sharpe Ratio is 0.51, which is lower than the CGAU Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of NB and CGAU, 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

NB vs. CGAU - Drawdown Comparison

The maximum NB drawdown since its inception was -82.83%, which is greater than CGAU's maximum drawdown of -63.47%. Use the drawdown chart below to compare losses from any high point for NB and CGAU.

Drawdown Indicators

	NB	CGAU	Difference
Max Drawdown Largest peak-to-trough decline	-82.83%	-63.47%	-19.36%
Max Drawdown (1Y) Largest decline over 1 year	-66.92%	-29.50%	-37.42%
Max Drawdown (3Y) Largest decline over 3 years	-74.71%	-29.50%	-45.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.47%	—
Current Drawdown Current decline from peak	-63.54%	-17.78%	-45.76%
Average Drawdown Average peak-to-trough decline	-56.14%	-29.41%	-26.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.17%	12.66%	+33.51%

Volatility

NB vs. CGAU - Volatility Comparison

NioCorp Developments Ltd. Common Stock (NB) has a higher volatility of 24.00% compared to Centerra Gold Inc (CGAU) at 17.09%. This indicates that NB's price experiences larger fluctuations and is considered to be riskier than CGAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NB	CGAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.00%	17.09%	+6.91%
Volatility (6M) Calculated over the trailing 6-month period	61.96%	43.21%	+18.75%
Volatility (1Y) Calculated over the trailing 1-year period	100.66%	53.61%	+47.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.17%	47.52%	+43.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.17%	48.98%	+42.19%

Dividends

NB vs. CGAU - Dividend Comparison

NB has not paid dividends to shareholders, while CGAU's dividend yield for the trailing twelve months is around 1.18%.

Position	TTM	2025	2024	2023
CGAU Centerra Gold Inc	1.18%	1.39%	3.59%	3.45%
NB NioCorp Developments Ltd. Common Stock	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NB and CGAU in my portfolio?

NB and CGAU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NB or CGAU?

NB has higher volatility (24.00%) compared to CGAU (17.09%). In terms of maximum drawdown, NB dropped -82.83% vs CGAU's -63.47%.

Which has better risk-adjusted returns?

CGAU currently has the higher Sharpe Ratio (2.95 vs 0.51), 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.