NDM.TO vs. FTG.TO

Last updated Jun 4, 2026

NDM.TO (Northern Dynasty Minerals Ltd.) and FTG.TO (Firan Technology Group Corporation) are both stocks. NDM.TO operates in Other Industrial Metals & Mining (Basic Materials), while FTG.TO operates in Aerospace & Defense (Industrials). Over the past 10 years, NDM.TO returned 21.60%/yr vs 24.71%/yr for FTG.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

NDM.TO vs. FTG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Northern Dynasty Minerals Ltd. (NDM.TO) and Firan Technology Group Corporation (FTG.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 lower than FTG.TO's 111.08% return. Over the past 10 years, NDM.TO has underperformed FTG.TO with an annualized return of 21.60%, while FTG.TO has yielded a comparatively higher 24.71% 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%

FTG.TO

• 1D: -0.97%
• 1M: 18.46%
• YTD: 111.08%
• 6M: 117.68%
• 1Y: 130.00%
• 3Y*: 94.57%
• 5Y*: 52.56%
• 10Y*: 24.71%

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

NDM.TO vs. FTG.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%
FTG.TO Firan Technology Group Corporation	111.08%	58.44%	71.53%	80.85%	-11.32%	29.27%	-49.63%	92.89%	-41.55%	-6.23%

Correlation

The correlation between NDM.TO and FTG.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Dec 21, 1994	0.04

The correlation between NDM.TO and FTG.TO shifts across timeframes, from 0.04 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NDM.TO : CA$1.88B FTG.TO : CA$620.33M
EPS NDM.TO : -CA$0.08 FTG.TO : CA$0.53
PB Ratio NDM.TO : 44.35 FTG.TO : 6.31
Total Revenue (TTM) NDM.TO : CA$0.00 FTG.TO : CA$195.62M
Gross Profit (TTM) NDM.TO : -CA$96.00K FTG.TO : CA$62.70M
EBITDA (TTM) NDM.TO : -CA$68.94M FTG.TO : CA$31.24M

Return for Risk

NDM.TO vs. FTG.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

FTG.TO

FTG.TO Risk / Return Rank: 90
FTG.TO Sharpe Ratio Rank: 93
FTG.TO Sortino Ratio Rank: 89
FTG.TO Omega Ratio Rank: 87
FTG.TO Calmar Ratio Rank: 93
FTG.TO Martin Ratio Rank: 91

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. FTG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Dynasty Minerals Ltd. (NDM.TO) and Firan Technology Group Corporation (FTG.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	FTG.TO	Difference
Sharpe ratio Return per unit of total volatility	0.71	2.64	-1.93
Sortino ratio Return per unit of downside risk	1.60	3.11	-1.51
Omega ratio Gain probability vs. loss probability	1.24	1.39	-0.14
Calmar ratio Return relative to maximum drawdown	1.21	5.79	-4.58
Martin ratio Return relative to average drawdown	2.05	13.37	-11.32
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. FTG.TO - Sharpe Ratio Comparison

The current NDM.TO Sharpe Ratio is 0.71, which is lower than the FTG.TO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of NDM.TO and FTG.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	FTG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	2.64	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	1.26	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.55	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.04	+0.12

Drawdowns

NDM.TO vs. FTG.TO - Drawdown Comparison

The maximum NDM.TO drawdown since its inception was -98.66%, roughly equal to the maximum FTG.TO drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for NDM.TO and FTG.TO.

Drawdown Indicators

	NDM.TO	FTG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	-99.96%	+1.30%
Max Drawdown (1Y) Largest decline over 1 year	-66.88%	-22.58%	-44.30%
Max Drawdown (3Y) Largest decline over 3 years	-66.88%	-24.88%	-42.00%
Max Drawdown (5Y) Largest decline over 5 years	-66.88%	-47.21%	-19.67%
Max Drawdown (10Y) Largest decline over 10 years	-93.65%	-68.78%	-24.87%
Current Drawdown Current decline from peak	-85.11%	-94.70%	+9.59%
Average Drawdown Average peak-to-trough decline	-71.47%	-91.08%	+19.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.64%	9.76%	+29.88%

Volatility

NDM.TO vs. FTG.TO - Volatility Comparison

Northern Dynasty Minerals Ltd. (NDM.TO) has a higher volatility of 20.97% compared to Firan Technology Group Corporation (FTG.TO) at 16.86%. This indicates that NDM.TO's price experiences larger fluctuations and is considered to be riskier than FTG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDM.TO	FTG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.97%	16.86%	+4.11%
Volatility (6M) Calculated over the trailing 6-month period	75.30%	39.45%	+35.85%
Volatility (1Y) Calculated over the trailing 1-year period	114.90%	49.64%	+65.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.43%	42.34%	+41.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.78%	45.18%	+52.60%

Dividends

NDM.TO vs. FTG.TO - Dividend Comparison

Neither NDM.TO nor FTG.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

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

NDM.TO and FTG.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.