NG.TO vs. NA.TO
Compare and contrast key facts about NovaGold Resources Inc. (NG.TO) and National Bank of Canada (NA.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NG.TO or NA.TO.
Correlation
The correlation between NG.TO and NA.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NG.TO vs. NA.TO - Performance Comparison
Key characteristics
NG.TO:
0.62
NA.TO:
1.68
NG.TO:
1.16
NA.TO:
2.29
NG.TO:
1.14
NA.TO:
1.34
NG.TO:
0.38
NA.TO:
2.21
NG.TO:
1.82
NA.TO:
6.13
NG.TO:
18.44%
NA.TO:
4.16%
NG.TO:
53.98%
NA.TO:
15.18%
NG.TO:
-99.60%
NA.TO:
-61.53%
NG.TO:
-85.39%
NA.TO:
-10.83%
Fundamentals
NG.TO:
CA$1.51B
NA.TO:
CA$48.46B
NG.TO:
-CA$0.20
NA.TO:
CA$10.68
NG.TO:
0.00
NA.TO:
5.87
NG.TO:
CA$0.00
NA.TO:
CA$12.71B
NG.TO:
-CA$22.00K
NA.TO:
CA$14.21B
NG.TO:
-CA$22.41M
NA.TO:
CA$264.00M
Returns By Period
In the year-to-date period, NG.TO achieves a -9.98% return, which is significantly lower than NA.TO's -5.04% return. Over the past 10 years, NG.TO has underperformed NA.TO with an annualized return of -0.69%, while NA.TO has yielded a comparatively higher 15.10% annualized return.
NG.TO
-9.98%
-5.87%
-27.59%
34.89%
-19.15%
-0.69%
NA.TO
-5.04%
-4.32%
5.53%
24.21%
15.48%
15.10%
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Risk-Adjusted Performance
NG.TO vs. NA.TO — Risk-Adjusted Performance Rank
NG.TO
NA.TO
NG.TO vs. NA.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG.TO) and National Bank of Canada (NA.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.
Dividends
NG.TO vs. NA.TO - Dividend Comparison
NG.TO has not paid dividends to shareholders, while NA.TO's dividend yield for the trailing twelve months is around 4.39%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NG.TO NovaGold Resources 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% |
NA.TO National Bank of Canada | 4.39% | 4.17% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% | 3.88% |
Drawdowns
NG.TO vs. NA.TO - Drawdown Comparison
The maximum NG.TO drawdown since its inception was -99.60%, which is greater than NA.TO's maximum drawdown of -61.53%. Use the drawdown chart below to compare losses from any high point for NG.TO and NA.TO. For additional features, visit the drawdowns tool.
Volatility
NG.TO vs. NA.TO - Volatility Comparison
NovaGold Resources Inc. (NG.TO) has a higher volatility of 14.11% compared to National Bank of Canada (NA.TO) at 3.49%. This indicates that NG.TO's price experiences larger fluctuations and is considered to be riskier than NA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NG.TO vs. NA.TO - Financials Comparison
This section allows you to compare key financial metrics between NovaGold Resources Inc. and National Bank of Canada. 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