NB vs. NIOBW

Last updated Apr 1, 2026

Compare and contrast key facts about NioCorp Developments Ltd. Common Stock (NB) and NioCorp Developments Ltd. Warrant (NIOBW).

Performance

NB vs. NIOBW - Performance Comparison

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

NB vs. NIOBW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NB NioCorp Developments Ltd. Common Stock	-15.85%	241.94%	-51.41%	-57.86%
NIOBW NioCorp Developments Ltd. Warrant	-8.06%	1,900.00%	-82.45%	-28.85%

Returns By Period

In the year-to-date period, NB achieves a -15.85% return, which is significantly lower than NIOBW's -8.06% return.

NB

• 1D: 6.44%
• 1M: -15.85%
• YTD: -15.85%
• 6M: -33.23%
• 1Y: 126.40%
• 3Y*: -11.16%
• 5Y*: —
• 10Y*: —

NIOBW

• 1D: 10.32%
• 1M: -14.50%
• YTD: -8.06%
• 6M: -7.07%
• 1Y: 968.75%
• 3Y*: 34.68%
• 5Y*: —
• 10Y*: —

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

Return for Risk

NB vs. NIOBW — Risk / Return Rank

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

NB

NB Risk / Return Rank: 75
NB Sharpe Ratio Rank: 77
NB Sortino Ratio Rank: 79
NB Omega Ratio Rank: 75
NB Calmar Ratio Rank: 75
NB Martin Ratio Rank: 68

NIOBW

NIOBW Risk / Return Rank: 96
NIOBW Sharpe Ratio Rank: 99
NIOBW Sortino Ratio Rank: 96
NIOBW Omega Ratio Rank: 95
NIOBW Calmar Ratio Rank: 98
NIOBW Martin Ratio Rank: 94

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.

NB vs. NIOBW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NioCorp Developments Ltd. Common Stock (NB) and NioCorp Developments Ltd. Warrant (NIOBW). 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.

	NB	NIOBW	Difference
Sharpe ratio Return per unit of total volatility	1.10	5.26	-4.16
Sortino ratio Return per unit of downside risk	2.02	3.89	-1.87
Omega ratio Gain probability vs. loss probability	1.25	1.49	-0.25
Calmar ratio Return relative to maximum drawdown	1.80	8.91	-7.10
Martin ratio Return relative to average drawdown	3.09	14.94	-11.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NB vs. NIOBW - Sharpe Ratio Comparison

The current NB Sharpe Ratio is 1.10, which is lower than the NIOBW Sharpe Ratio of 5.26. The chart below compares the historical Sharpe Ratios of NB and NIOBW, 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

	NB	NIOBW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	5.26	-4.16
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	0.16	-0.34

Correlation

The correlation between NB and NIOBW is 0.33, 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

NB vs. NIOBW - Dividend Comparison

Neither NB nor NIOBW has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NB vs. NIOBW - Drawdown Comparison

The maximum NB drawdown since its inception was -82.83%, smaller than the maximum NIOBW drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for NB and NIOBW.

Drawdown Indicators

	NB	NIOBW	Difference
Max Drawdown Largest peak-to-trough decline	-82.83%	-90.00%	+7.17%
Max Drawdown (1Y) Largest decline over 1 year	-64.10%	-70.48%	+6.38%
Current Drawdown Current decline from peak	-61.78%	-67.12%	+5.34%
Average Drawdown Average peak-to-trough decline	-56.29%	-49.27%	-7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.31%	42.01%	-4.70%

Volatility

NB vs. NIOBW - Volatility Comparison

The current volatility for NioCorp Developments Ltd. Common Stock (NB) is 19.72%, while NioCorp Developments Ltd. Warrant (NIOBW) has a volatility of 24.86%. This indicates that NB experiences smaller price fluctuations and is considered to be less risky than NIOBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NB	NIOBW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.72%	24.86%	-5.14%
Volatility (6M) Calculated over the trailing 6-month period	78.03%	108.99%	-30.96%
Volatility (1Y) Calculated over the trailing 1-year period	115.82%	189.26%	-73.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.94%	195.33%	-103.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.94%	195.33%	-103.39%

Financials