NDM.TO vs. DLCG.TO

Last updated Jun 4, 2026

NDM.TO (Northern Dynasty Minerals Ltd.) and DLCG.TO (Dominion Lending Centres Inc.) are both stocks. NDM.TO operates in Other Industrial Metals & Mining (Basic Materials), while DLCG.TO operates in Mortgage Finance (Financial Services). Over the past 10 years, NDM.TO returned 21.60%/yr vs 6.25%/yr for DLCG.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

NDM.TO vs. DLCG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Northern Dynasty Minerals Ltd. (NDM.TO) and Dominion Lending Centres Inc. (DLCG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDM.TO achieves a 15.19% return, which is significantly higher than DLCG.TO's -13.26% return. Over the past 10 years, NDM.TO has outperformed DLCG.TO with an annualized return of 21.60%, while DLCG.TO has yielded a comparatively lower 6.25% annualized return.

NDM.TO

• 1D: -5.47%
• 1M: 10.28%
• YTD: 15.19%
• 6M: 16.92%
• 1Y: 80.81%
• 3Y*: 118.05%
• 5Y*: 35.14%
• 10Y*: 21.60%

DLCG.TO

• 1D: 1.55%
• 1M: -9.67%
• YTD: -13.26%
• 6M: -11.30%
• 1Y: -8.17%
• 3Y*: 58.57%
• 5Y*: 20.20%
• 10Y*: 6.25%

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

NDM.TO vs. DLCG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDM.TO Northern Dynasty Minerals Ltd.	15.19%	225.30%	93.02%	43.33%	-26.83%	-0.00%	-26.79%	-26.32%	-66.07%	-19.13%
DLCG.TO Dominion Lending Centres Inc.	-13.26%	29.71%	187.28%	-8.13%	-12.34%	22.15%	136.15%	4.00%	-45.11%	-38.57%

Correlation

The correlation between NDM.TO and DLCG.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 20, 2002	0.05

The correlation between NDM.TO and DLCG.TO shifts across timeframes, from 0.02 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NDM.TO : CA$1.88B DLCG.TO : CA$663.87M
EPS NDM.TO : -CA$0.08 DLCG.TO : CA$0.28
PB Ratio NDM.TO : 44.35 DLCG.TO : 4.90
Total Revenue (TTM) NDM.TO : CA$0.00 DLCG.TO : CA$97.50M
Gross Profit (TTM) NDM.TO : -CA$96.00K DLCG.TO : CA$83.85M
EBITDA (TTM) NDM.TO : -CA$68.94M DLCG.TO : CA$42.41M

Return for Risk

NDM.TO vs. DLCG.TO — Risk / Return Rank

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

NDM.TO

NDM.TO Risk / Return Rank: 66
NDM.TO Sharpe Ratio Rank: 64
NDM.TO Sortino Ratio Rank: 67
NDM.TO Omega Ratio Rank: 73
NDM.TO Calmar Ratio Rank: 65
NDM.TO Martin Ratio Rank: 61

DLCG.TO

DLCG.TO Risk / Return Rank: 29
DLCG.TO Sharpe Ratio Rank: 31
DLCG.TO Sortino Ratio Rank: 27
DLCG.TO Omega Ratio Rank: 28
DLCG.TO Calmar Ratio Rank: 31
DLCG.TO Martin Ratio Rank: 29

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.

NDM.TO vs. DLCG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NDM.TO) and Dominion Lending Centres Inc. (DLCG.TO). 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.

	NDM.TO	DLCG.TO	Difference
Sharpe ratio Return per unit of total volatility	0.71	-0.23	+0.94
Sortino ratio Return per unit of downside risk	1.60	-0.12	+1.72
Omega ratio Gain probability vs. loss probability	1.24	0.99	+0.26
Calmar ratio Return relative to maximum drawdown	1.21	-0.29	+1.51
Martin ratio Return relative to average drawdown	2.05	-0.65	+2.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDM.TO vs. DLCG.TO - Sharpe Ratio Comparison

The current NDM.TO Sharpe Ratio is 0.71, which is higher than the DLCG.TO Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of NDM.TO and DLCG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NDM.TO	DLCG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	-0.23	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.41	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.10	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.06	+0.01

Drawdowns

NDM.TO vs. DLCG.TO - Drawdown Comparison

The maximum NDM.TO drawdown since its inception was -98.66%, roughly equal to the maximum DLCG.TO drawdown of -98.79%. Use the drawdown chart below to compare losses from any high point for NDM.TO and DLCG.TO.

Drawdown Indicators

	NDM.TO	DLCG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	-98.79%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-66.88%	-28.19%	-38.69%
Max Drawdown (3Y) Largest decline over 3 years	-66.88%	-28.19%	-38.69%
Max Drawdown (5Y) Largest decline over 5 years	-66.88%	-57.19%	-9.69%
Max Drawdown (10Y) Largest decline over 10 years	-93.65%	-87.29%	-6.36%
Current Drawdown Current decline from peak	-85.11%	-21.21%	-63.90%
Average Drawdown Average peak-to-trough decline	-71.47%	-62.06%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.64%	12.62%	+27.02%

Volatility

NDM.TO vs. DLCG.TO - Volatility Comparison

Northern Dynasty Minerals Ltd. (NDM.TO) has a higher volatility of 20.97% compared to Dominion Lending Centres Inc. (DLCG.TO) at 11.63%. This indicates that NDM.TO's price experiences larger fluctuations and is considered to be riskier than DLCG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDM.TO	DLCG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.97%	11.63%	+9.34%
Volatility (6M) Calculated over the trailing 6-month period	75.30%	28.54%	+46.76%
Volatility (1Y) Calculated over the trailing 1-year period	114.90%	35.71%	+79.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.43%	49.29%	+34.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.78%	60.69%	+37.09%

Dividends

NDM.TO vs. DLCG.TO - Dividend Comparison

NDM.TO has not paid dividends to shareholders, while DLCG.TO's dividend yield for the trailing twelve months is around 1.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLCG.TO Dominion Lending Centres Inc.	1.99%	1.51%	1.54%	4.29%	2.81%	0.00%	0.00%	0.00%	4.16%	2.21%	0.00%	116.00%
NDM.TO Northern Dynasty Minerals Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NDM.TO and DLCG.TO in my portfolio?

NDM.TO and DLCG.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.