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 0.21, 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.
Performance
NG vs. GC=F - Performance Comparison
Key characteristics
NG:
-0.08
GC=F:
2.14
NG:
0.30
GC=F:
2.68
NG:
1.04
GC=F:
1.39
NG:
-0.05
GC=F:
3.90
NG:
-0.20
GC=F:
10.90
NG:
21.43%
GC=F:
2.86%
NG:
57.44%
GC=F:
14.39%
NG:
-97.85%
GC=F:
-44.36%
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
-11.50%
-5.70%
2.16%
-8.82%
-14.93%
0.59%
GC=F
27.34%
0.60%
12.70%
28.84%
10.82%
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.
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 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.