NG.TO vs. TLT
Compare and contrast key facts about NovaGold Resources Inc. (NG.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NG.TO or TLT.
Correlation
The correlation between NG.TO and TLT is 0.06, 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. TLT - Performance Comparison
Key characteristics
NG.TO:
0.67
TLT:
0.04
NG.TO:
1.22
TLT:
0.15
NG.TO:
1.15
TLT:
1.02
NG.TO:
0.41
TLT:
0.01
NG.TO:
2.01
TLT:
0.08
NG.TO:
18.02%
TLT:
6.71%
NG.TO:
53.95%
TLT:
13.73%
NG.TO:
-99.60%
TLT:
-48.35%
NG.TO:
-84.92%
TLT:
-41.30%
Returns By Period
In the year-to-date period, NG.TO achieves a -7.07% return, which is significantly lower than TLT's 2.45% return. Over the past 10 years, NG.TO has outperformed TLT with an annualized return of -0.37%, while TLT has yielded a comparatively lower -0.94% annualized return.
NG.TO
-7.07%
-6.29%
-28.71%
32.25%
-17.89%
-0.37%
TLT
2.45%
3.12%
-6.59%
-0.49%
-6.84%
-0.94%
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Risk-Adjusted Performance
NG.TO vs. TLT — Risk-Adjusted Performance Rank
NG.TO
TLT
NG.TO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG.TO) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
NG.TO has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.21%.
| 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.21% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
NG.TO vs. TLT - Drawdown Comparison
The maximum NG.TO drawdown since its inception was -99.60%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for NG.TO and TLT. For additional features, visit the drawdowns tool.
Volatility
NG.TO vs. TLT - Volatility Comparison
NovaGold Resources Inc. (NG.TO) has a higher volatility of 12.94% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.66%. This indicates that NG.TO's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.