NEXA vs. NAK
NEXA (Nexa Resources S.A.) and NAK (Northern Dynasty Minerals Ltd.) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 5 years, NEXA returned 11.00%/yr vs 26.49%/yr for NAK. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
NEXA vs. NAK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NEXA achieves a 46.70% return, which is significantly higher than NAK's -28.93% return.
NEXA
- 1D
- -2.36%
- 1M
- -0.44%
- 6M
- 2.96%
- YTD
- 46.70%
- 1Y
- 178.01%
- 3Y*
- 38.96%
- 5Y*
- 11.00%
- 10Y*
- —
- ALL TIME*
- 0.43%
NAK
- 1D
- 0.72%
- 1M
- -24.73%
- 6M
- -31.37%
- YTD
- -28.93%
- 1Y
- 86.67%
- 3Y*
- 67.11%
- 5Y*
- 26.49%
- 10Y*
- 8.87%
- ALL TIME*
- -3.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $8.10M | $13.18M | |
| $5.98M | $7.95M | $12.57M |
NEXA vs. NAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXA Nexa Resources S.A. | 46.70% | 2.67% | 23.25% | 22.07% | -20.07% | -16.38% | 28.63% | -28.32% | -37.43% | 18.85% |
NAK Northern Dynasty Minerals Ltd. | -28.93% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -25.12% | -24.46% | -67.84% | -5.85% |
Correlation
The correlation between NEXA and NAK is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.21 |
Over the past year, NEXA and NAK have become more correlated (0.47) than their long-term average of 0.21, meaning their price movements have been converging.
Fundamentals
NEXA:
$1.70B
NAK:
$784.44M
NEXA:
$1.59
NAK:
-CA$0.19
NEXA:
1.49
NAK:
60.87
NEXA:
$3.24B
NAK:
CA$0.00
NEXA:
$733.72M
NAK:
-CA$85.85K
NEXA:
$1.10B
NAK:
-CA$99.80M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEXA vs. NAK — Risk / Return Rank
NEXA
NAK
NEXA vs. NAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexa Resources S.A. (NEXA) and Northern Dynasty Minerals Ltd. (NAK). 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.
| NEXA | NAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 1.32 | +3.22 |
| Martin ratioReturn relative to average drawdown | 11.97 | 2.54 | +9.43 |
Loading charts...
Drawdowns
NEXA vs. NAK - Drawdown Comparison
The maximum NEXA drawdown since its inception was -85.01%, smaller than the maximum NAK drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for NEXA and NAK.
Loading charts...
Drawdown Indicators
| NEXA | NAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.01% | -99.01% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -37.31% | -59.06% | +21.75% |
Max Drawdown (3Y)Largest decline over 3 years | -47.02% | -67.68% | +20.66% |
Max Drawdown (5Y)Largest decline over 5 years | -62.86% | -67.68% | +4.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.79% | — |
Current DrawdownCurrent decline from peak | -22.35% | -93.36% | +71.01% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -74.03% | +23.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.11% | 30.55% | -16.44% |
Volatility
NEXA vs. NAK - Volatility Comparison
Nexa Resources S.A. (NEXA) has a higher volatility of 24.72% compared to Northern Dynasty Minerals Ltd. (NAK) at 21.79%. This indicates that NEXA's price experiences larger fluctuations and is considered to be riskier than NAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NEXA | NAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.72% | 21.79% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 60.72% | 77.20% | -16.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.23% | 97.66% | -27.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.43% | 84.34% | -25.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.20% | 97.03% | -36.83% |
Dividends
NEXA vs. NAK - Dividend Comparison
NEXA's dividend yield for the trailing twelve months is around 1.03%, while NAK has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NAK Northern Dynasty Minerals Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEXA Nexa Resources S.A. | 1.03% | 1.14% | 0.00% | 2.64% | 6.26% | 3.36% | 3.92% | 6.46% | 5.04% |
Financials
NEXA vs. NAK - Financials Comparison
This section allows you to compare key financial metrics between Nexa Resources S.A. and Northern Dynasty Minerals Ltd.. 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
NEXA and NAK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXA has higher volatility (24.72%) compared to NAK (21.79%). In terms of maximum drawdown, NEXA dropped -85.01% vs NAK's -99.01%.
NEXA currently has the higher Sharpe Ratio (2.41 vs 0.80), 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.
Find the right allocation for NEXA and NAK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer