NG vs. ^TNX
Compare and contrast key facts about NovaGold Resources Inc. (NG) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NG or ^TNX.
Correlation
The correlation between NG and ^TNX is 0.26, 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 vs. ^TNX - Performance Comparison
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Key characteristics
NG:
0.41
^TNX:
-0.08
NG:
1.08
^TNX:
0.03
NG:
1.13
^TNX:
1.00
NG:
0.27
^TNX:
-0.04
NG:
0.99
^TNX:
-0.19
NG:
24.26%
^TNX:
10.59%
NG:
71.19%
^TNX:
22.01%
NG:
-97.85%
^TNX:
-93.78%
NG:
-80.03%
^TNX:
-45.47%
Returns By Period
In the year-to-date period, NG achieves a 13.51% return, which is significantly higher than ^TNX's -4.33% return. Over the past 10 years, NG has underperformed ^TNX with an annualized return of -0.88%, while ^TNX has yielded a comparatively higher 6.75% annualized return.
NG
13.51%
50.60%
9.88%
33.10%
-19.07%
-0.88%
^TNX
-4.33%
-0.43%
1.60%
-2.86%
43.39%
6.75%
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Risk-Adjusted Performance
NG vs. ^TNX — Risk-Adjusted Performance Rank
NG
^TNX
NG vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and Treasury Yield 10 Years (^TNX). 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.
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Drawdowns
NG vs. ^TNX - Drawdown Comparison
The maximum NG drawdown since its inception was -97.85%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for NG and ^TNX. For additional features, visit the drawdowns tool.
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Volatility
NG vs. ^TNX - Volatility Comparison
NovaGold Resources Inc. (NG) has a higher volatility of 40.05% compared to Treasury Yield 10 Years (^TNX) at 6.44%. This indicates that NG's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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