NG vs. GC=F
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.
Correlation
The correlation between NG and GC=F is 0.22, 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. GC=F - Performance Comparison
Key characteristics
NG:
0.46
GC=F:
2.47
NG:
0.99
GC=F:
3.04
NG:
1.12
GC=F:
1.44
NG:
0.29
GC=F:
4.65
NG:
1.35
GC=F:
11.69
NG:
19.03%
GC=F:
3.18%
NG:
55.36%
GC=F:
14.80%
NG:
-97.85%
GC=F:
-44.36%
NG:
-83.20%
GC=F:
0.00%
Returns By Period
In the year-to-date period, NG achieves a -4.50% return, which is significantly lower than GC=F's 12.59% return. Over the past 10 years, NG has underperformed GC=F with an annualized return of -1.53%, while GC=F has yielded a comparatively higher 8.27% annualized return.
NG
-4.50%
-3.05%
-30.72%
33.05%
-19.57%
-1.53%
GC=F
12.59%
8.42%
18.01%
46.00%
11.00%
8.27%
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Risk-Adjusted Performance
NG vs. GC=F — Risk-Adjusted Performance Rank
NG
GC=F
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.
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. For additional features, visit the drawdowns tool.
Volatility
NG vs. GC=F - Volatility Comparison
NovaGold Resources Inc. (NG) has a higher volatility of 12.94% compared to Gold (GC=F) at 4.11%. 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.