NEXT.TO vs. CHE-UN.TO

Last updated Jun 5, 2026

NEXT.TO (NextSource Materials Inc.) and CHE-UN.TO (Chemtrade Logistics Income Fund) are both stocks. Both are in the Basic Materials sector — NEXT.TO in Other Industrial Metals & Mining, CHE-UN.TO in Chemicals. Over the past 10 years, NEXT.TO returned -7.17%/yr vs 7.48%/yr for CHE-UN.TO. At a 0.07 correlation, their price movements are largely independent.

Performance

NEXT.TO vs. CHE-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NextSource Materials Inc. (NEXT.TO) and Chemtrade Logistics Income Fund (CHE-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEXT.TO achieves a 11.76% return, which is significantly lower than CHE-UN.TO's 15.34% return. Over the past 10 years, NEXT.TO has underperformed CHE-UN.TO with an annualized return of -7.17%, while CHE-UN.TO has yielded a comparatively higher 7.48% annualized return.

NEXT.TO

• 1D: -5.00%
• 1M: 15.15%
• YTD: 11.76%
• 6M: -7.32%
• 1Y: 46.15%
• 3Y*: -42.51%
• 5Y*: -35.56%
• 10Y*: -7.17%

CHE-UN.TO

• 1D: 1.33%
• 1M: -4.56%
• YTD: 15.34%
• 6M: 21.31%
• 1Y: 58.29%
• 3Y*: 33.16%
• 5Y*: 25.74%
• 10Y*: 7.48%

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

NEXT.TO vs. CHE-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEXT.TO NextSource Materials Inc.	11.76%	-53.42%	-39.17%	-56.04%	-16.26%	262.22%	100.00%	-50.00%	38.46%	-0.00%
CHE-UN.TO Chemtrade Logistics Income Fund	15.34%	43.14%	37.53%	1.90%	30.66%	37.93%	-40.45%	18.66%	-41.30%	9.25%

Correlation

The correlation between NEXT.TO and CHE-UN.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since May 6, 2010	0.07

Fundamentals

Market Cap NEXT.TO : CA$70.32M CHE-UN.TO : CA$1.88B
EPS NEXT.TO : -CA$0.22 CHE-UN.TO : CA$1.02
PS Ratio NEXT.TO : 61.16 CHE-UN.TO : 0.93
PB Ratio NEXT.TO : 1.85 CHE-UN.TO : 2.49
Total Revenue (TTM) NEXT.TO : CA$1.15M CHE-UN.TO : CA$2.03B
Gross Profit (TTM) NEXT.TO : -CA$10.68M CHE-UN.TO : CA$452.05M
EBITDA (TTM) NEXT.TO : -CA$37.40M CHE-UN.TO : CA$505.08M

Return for Risk

NEXT.TO vs. CHE-UN.TO — Risk / Return Rank

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

NEXT.TO

NEXT.TO Risk / Return Rank: 59
NEXT.TO Sharpe Ratio Rank: 57
NEXT.TO Sortino Ratio Rank: 63
NEXT.TO Omega Ratio Rank: 61
NEXT.TO Calmar Ratio Rank: 60
NEXT.TO Martin Ratio Rank: 55

CHE-UN.TO

CHE-UN.TO Risk / Return Rank: 85
CHE-UN.TO Sharpe Ratio Rank: 86
CHE-UN.TO Sortino Ratio Rank: 77
CHE-UN.TO Omega Ratio Rank: 89
CHE-UN.TO Calmar Ratio Rank: 84
CHE-UN.TO Martin Ratio Rank: 90

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.

NEXT.TO vs. CHE-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NextSource Materials Inc. (NEXT.TO) and Chemtrade Logistics Income Fund (CHE-UN.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.

	NEXT.TO	CHE-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.79	-1.33
Sortino ratio: Return per unit of downside risk	1.39	2.09	-0.70
Omega ratio: Gain probability vs. loss probability	1.17	1.42	-0.25
Calmar ratio: Return relative to maximum drawdown	0.80	3.19	-2.39
Martin ratio: Return relative to average drawdown	1.38	12.49	-11.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEXT.TO vs. CHE-UN.TO - Sharpe Ratio Comparison

The current NEXT.TO Sharpe Ratio is 0.46, which is lower than the CHE-UN.TO Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of NEXT.TO and CHE-UN.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

	NEXT.TO	CHE-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	1.79	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.89	-1.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	0.22	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.37	-0.51

Drawdowns

NEXT.TO vs. CHE-UN.TO - Drawdown Comparison

The maximum NEXT.TO drawdown since its inception was -97.46%, which is greater than CHE-UN.TO's maximum drawdown of -77.56%. Use the drawdown chart below to compare losses from any high point for NEXT.TO and CHE-UN.TO.

Drawdown Indicators

	NEXT.TO	CHE-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-97.46%	-77.56%	-19.90%
Max Drawdown (1Y) Largest decline over 1 year	-58.06%	-18.36%	-39.70%
Max Drawdown (3Y) Largest decline over 3 years	-92.49%	-26.10%	-66.39%
Max Drawdown (5Y) Largest decline over 5 years	-96.47%	-28.06%	-68.41%
Max Drawdown (10Y) Largest decline over 10 years	-96.67%	-77.56%	-19.11%
Current Drawdown Current decline from peak	-93.97%	-8.92%	-85.05%
Average Drawdown Average peak-to-trough decline	-74.54%	-19.19%	-55.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.69%	4.68%	+29.01%

Volatility

NEXT.TO vs. CHE-UN.TO - Volatility Comparison

NextSource Materials Inc. (NEXT.TO) has a higher volatility of 17.84% compared to Chemtrade Logistics Income Fund (CHE-UN.TO) at 13.00%. This indicates that NEXT.TO's price experiences larger fluctuations and is considered to be riskier than CHE-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEXT.TO	CHE-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.84%	13.00%	+4.84%
Volatility (6M) Calculated over the trailing 6-month period	59.86%	29.66%	+30.20%
Volatility (1Y) Calculated over the trailing 1-year period	101.28%	32.73%	+68.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.02%	29.04%	+51.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.12%	34.79%	+69.33%

Dividends

NEXT.TO vs. CHE-UN.TO - Dividend Comparison

NEXT.TO has not paid dividends to shareholders, while CHE-UN.TO's dividend yield for the trailing twelve months is around 4.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHE-UN.TO Chemtrade Logistics Income Fund	4.21%	4.68%	6.03%	7.04%	6.69%	8.11%	12.01%	10.88%	11.45%	6.19%	6.34%	6.72%
NEXT.TO NextSource Materials Inc.	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 NEXT.TO and CHE-UN.TO in my portfolio?

NEXT.TO and CHE-UN.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.