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

Correlation

The correlation between NG and GC=F is 0.21, 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.


-0.50.00.51.00.2

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.

0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
2.15%
12.70%
NG
GC=F

Key characteristics

Sharpe Ratio

NG:

-0.08

GC=F:

2.14

Sortino Ratio

NG:

0.30

GC=F:

2.68

Omega Ratio

NG:

1.04

GC=F:

1.39

Calmar Ratio

NG:

-0.05

GC=F:

3.90

Martin Ratio

NG:

-0.20

GC=F:

10.90

Ulcer Index

NG:

21.43%

GC=F:

2.86%

Daily Std Dev

NG:

57.44%

GC=F:

14.39%

Max Drawdown

NG:

-97.85%

GC=F:

-44.36%

Current Drawdown

NG:

-82.52%

GC=F:

-5.82%

Returns By Period

In the year-to-date period, NG achieves a -11.50% return, which is significantly lower than GC=F's 27.34% return. Over the past 10 years, NG has underperformed GC=F with an annualized return of 0.59%, while GC=F has yielded a comparatively higher 7.21% annualized return.


NG

YTD

-11.50%

1M

-5.70%

6M

2.16%

1Y

-8.82%

5Y*

-14.93%

10Y*

0.59%

GC=F

YTD

27.34%

1M

0.60%

6M

12.70%

1Y

28.84%

5Y*

10.82%

10Y*

7.21%

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Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for NG, currently valued at -0.11, compared to the broader market-4.00-2.000.002.00-0.112.14
The chart of Sortino ratio for NG, currently valued at 0.25, compared to the broader market-4.00-2.000.002.004.000.252.68
The chart of Omega ratio for NG, currently valued at 1.03, compared to the broader market0.501.001.502.001.031.39
The chart of Calmar ratio for NG, currently valued at -0.07, compared to the broader market0.002.004.006.00-0.073.90
The chart of Martin ratio for NG, currently valued at -0.30, compared to the broader market0.0010.0020.00-0.3010.90
NG
GC=F

The current NG Sharpe Ratio is -0.08, which is lower than the GC=F Sharpe Ratio of 2.14. 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.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
-0.11
2.14
NG
GC=F

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.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-82.52%
-5.82%
NG
GC=F

Volatility

NG vs. GC=F - Volatility Comparison

NovaGold Resources Inc. (NG) has a higher volatility of 15.66% compared to Gold (GC=F) at 5.24%. 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.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
15.66%
5.24%
NG
GC=F
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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