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NEXT.TO vs. HLF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

NEXT.TO vs. HLF.TO

Last updated Jun 5, 2026

NEXT.TO (NextSource Materials Inc.) and HLF.TO (High Liner Foods Incorporated) are both stocks. NEXT.TO operates in Other Industrial Metals & Mining (Basic Materials), while HLF.TO operates in Packaged Foods (Consumer Defensive). Over the past 10 years, NEXT.TO returned -7.17%/yr vs 1.14%/yr for HLF.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

NEXT.TO vs. HLF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NextSource Materials Inc. (NEXT.TO) and High Liner Foods Incorporated (HLF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NEXT.TO achieves a 11.76% return, which is significantly higher than HLF.TO's -0.48% return. Over the past 10 years, NEXT.TO has underperformed HLF.TO with an annualized return of -7.17%, while HLF.TO has yielded a comparatively higher 1.14% 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%

HLF.TO

1D
-0.35%
1M
5.61%
YTD
-0.48%
6M
8.62%
1Y
-14.90%
3Y*
4.15%
5Y*
5.70%
10Y*
1.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NEXT.TO vs. HLF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
HLF.TO
High Liner Foods Incorporated		-0.48%-3.18%41.40%-10.45%-4.56%37.44%38.46%11.24%-44.74%-22.97%

Correlation

The correlation between NEXT.TO and HLF.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since May 6, 2010

0.03

Fundamentals

Market Cap

NEXT.TO:

CA$70.32M

HLF.TO:

CA$419.52M

EPS

NEXT.TO:

-CA$0.22

HLF.TO:

CA$0.99

PS Ratio

NEXT.TO:

61.16

HLF.TO:

0.39

PB Ratio

NEXT.TO:

1.85

HLF.TO:

1.02

Total Revenue (TTM)

NEXT.TO:

CA$1.15M

HLF.TO:

CA$1.09B

Gross Profit (TTM)

NEXT.TO:

-CA$10.68M

HLF.TO:

CA$206.83M

EBITDA (TTM)

NEXT.TO:

-CA$37.40M

HLF.TO:

CA$83.65M

Compare stocks, funds, or ETFs

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NextSource Materials Inc.

High Liner Foods Incorporated

Often compared with NEXT.TO:
NEXT.TO vs. EDT.TONEXT.TO vs. BRK.TONEXT.TO vs. BNS.TONEXT.TO vs. LIF.TONEXT.TO vs. MFC.TONEXT.TO vs. T.TONEXT.TO vs. CHE-UN.TO
Often compared with HLF.TO:
HLF.TO vs. MFI.TOHLF.TO vs. CHE-UN.TOHLF.TO vs. EDT.TOHLF.TO vs. LIF.TOHLF.TO vs. BRK.TOHLF.TO vs. BNS.TOHLF.TO vs. T.TO

Return for Risk

NEXT.TO vs. HLF.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: 5959
Overall Rank
NEXT.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
NEXT.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
NEXT.TO Omega Ratio Rank: 6161
Omega Ratio Rank
NEXT.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
NEXT.TO Martin Ratio Rank: 5555
Martin Ratio Rank
HLF.TO
HLF.TO Risk / Return Rank: 1919
Overall Rank
HLF.TO Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
HLF.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
HLF.TO Omega Ratio Rank: 1515
Omega Ratio Rank
HLF.TO Calmar Ratio Rank: 2424
Calmar Ratio Rank
HLF.TO Martin Ratio Rank: 2525
Martin Ratio Rank
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. HLF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NextSource Materials Inc. (NEXT.TO) and High Liner Foods Incorporated (HLF.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.TOHLF.TODifference
Sharpe ratioReturn per unit of total volatility
0.46
-0.58

+1.04

Sortino ratioReturn per unit of downside risk
1.39
-0.66

+2.05

Omega ratioGain probability vs. loss probability

1.17

0.90

+0.27

Calmar ratioReturn relative to maximum drawdown

0.80

-0.50

+1.30

Martin ratioReturn relative to average drawdown

1.38

-0.86

+2.23

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. HLF.TO - Sharpe Ratio Comparison

The current NEXT.TO Sharpe Ratio is 0.46, which is higher than the HLF.TO Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of NEXT.TO and HLF.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.

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Sharpe Ratios by Period

NEXT.TOHLF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.46

-0.58

+1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.44

0.20

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.07

0.03

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.13

0.05

-0.19

Drawdowns

NEXT.TO vs. HLF.TO - Drawdown Comparison

The maximum NEXT.TO drawdown since its inception was -97.46%, roughly equal to the maximum HLF.TO drawdown of -97.14%. Use the drawdown chart below to compare losses from any high point for NEXT.TO and HLF.TO.

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Drawdown Indicators

NEXT.TOHLF.TODifference

Max Drawdown

Largest peak-to-trough decline

-97.46%

-97.14%

-0.32%

Max Drawdown (1Y)

Largest decline over 1 year

-58.06%

-29.71%

-28.35%

Max Drawdown (3Y)

Largest decline over 3 years

-92.49%

-29.96%

-62.53%

Max Drawdown (5Y)

Largest decline over 5 years

-96.47%

-34.69%

-61.78%

Max Drawdown (10Y)

Largest decline over 10 years

-96.67%

-76.96%

-19.71%

Current Drawdown

Current decline from peak

-93.97%

-22.59%

-71.38%

Average Drawdown

Average peak-to-trough decline

-74.54%

-54.03%

-20.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

33.69%

17.43%

+16.26%

Volatility

NEXT.TO vs. HLF.TO - Volatility Comparison

NextSource Materials Inc. (NEXT.TO) has a higher volatility of 17.84% compared to High Liner Foods Incorporated (HLF.TO) at 4.92%. This indicates that NEXT.TO's price experiences larger fluctuations and is considered to be riskier than HLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NEXT.TOHLF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.84%

4.92%

+12.92%

Volatility (6M)

Calculated over the trailing 6-month period

59.86%

13.16%

+46.70%

Volatility (1Y)

Calculated over the trailing 1-year period

101.28%

25.60%

+75.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

81.02%

28.36%

+52.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

104.12%

36.11%

+68.01%

Dividends

NEXT.TO vs. HLF.TO - Dividend Comparison

NEXT.TO has not paid dividends to shareholders, while HLF.TO's dividend yield for the trailing twelve months is around 4.83%.

PositionTTM20252024202320222021202020192018201720162015
HLF.TO
High Liner Foods Incorporated		4.83%4.63%3.88%4.57%3.12%2.08%1.98%3.58%7.57%3.81%2.61%2.99%
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

NEXT.TO vs. HLF.TO - Financials Comparison

This section allows you to compare key financial metrics between NextSource Materials Inc. and High Liner Foods Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0050.00M100.00M150.00M200.00M250.00M300.00M350.00M20222023202420252026
138.70K
329.43M
(NEXT.TO) Total Revenue
(HLF.TO) Total Revenue
Values in CAD except per share items

Frequently Asked Questions

NEXT.TO and HLF.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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