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NG vs. GC=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between NG and GC=F is 0.03, 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.

NG vs. GC=F

Last updated May 31, 2025

Compare and contrast key facts about NovaGold Resources Inc. (NG) and Gold (GC=F).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NG or GC=F.

Performance

NG vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NovaGold Resources Inc. (NG) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NG:

-0.17

GC=F:

2.26

Sortino Ratio

NG:

0.39

GC=F:

2.98

Omega Ratio

NG:

1.05

GC=F:

1.40

Calmar Ratio

NG:

-0.07

GC=F:

5.34

Martin Ratio

NG:

-0.26

GC=F:

14.56

Ulcer Index

NG:

25.16%

GC=F:

2.93%

Daily Std Dev

NG:

70.66%

GC=F:

18.17%

Max Drawdown

NG:

-97.85%

GC=F:

-44.36%

Current Drawdown

NG:

-81.09%

GC=F:

-2.88%

Returns By Period

In the year-to-date period, NG achieves a 7.51% return, which is significantly lower than GC=F's 26.01% return. Over the past 10 years, NG has underperformed GC=F with an annualized return of -1.49%, while GC=F has yielded a comparatively higher 10.74% annualized return.

NG

YTD

7.51%

1M

-15.37%

6M

-2.19%

1Y

-12.04%

3Y*

-13.80%

5Y*

-17.84%

10Y*

-1.49%

GC=F

YTD

26.01%

1M

0.25%

6M

24.69%

1Y

41.41%

3Y*

21.60%

5Y*

13.79%

10Y*

10.74%

*Annualized

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NovaGold Resources Inc.

Gold

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

NG vs. GC=F — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NG
The Risk-Adjusted Performance Rank of NG is 4545
Overall Rank
The Sharpe Ratio Rank of NG is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of NG is 4747
Sortino Ratio Rank
The Omega Ratio Rank of NG is 4646
Omega Ratio Rank
The Calmar Ratio Rank of NG is 4646
Calmar Ratio Rank
The Martin Ratio Rank of NG is 4646
Martin Ratio Rank
GC=F
The Risk-Adjusted Performance Rank of GC=F is 9898
Overall Rank
The Sharpe Ratio Rank of GC=F is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 100100
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 100100
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 100100
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NG vs. GC=F - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and Gold (GC=F). 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.

The current NG Sharpe Ratio is -0.17, which is lower than the GC=F Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of NG and GC=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

NG vs. GC=F - Drawdown Comparison

The maximum NG drawdown since its inception was -97.85%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for NG and GC=F.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

NG vs. GC=F - Volatility Comparison

NovaGold Resources Inc. (NG) has a higher volatility of 13.29% compared to Gold (GC=F) at 7.29%. This indicates that NG's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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