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NG vs. KOLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NG and KOLD is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.0

Performance

NG vs. KOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NovaGold Resources Inc. (NG) and ProShares UltraShort Bloomberg Natural Gas (KOLD). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
-0.90%
26.50%
NG
KOLD

Key characteristics

Sharpe Ratio

NG:

-0.16

KOLD:

0.06

Sortino Ratio

NG:

0.16

KOLD:

0.83

Omega Ratio

NG:

1.02

KOLD:

1.09

Calmar Ratio

NG:

-0.11

KOLD:

0.07

Martin Ratio

NG:

-0.44

KOLD:

0.24

Ulcer Index

NG:

21.52%

KOLD:

26.97%

Daily Std Dev

NG:

57.24%

KOLD:

102.42%

Max Drawdown

NG:

-97.85%

KOLD:

-99.45%

Current Drawdown

NG:

-82.62%

KOLD:

-93.81%

Returns By Period

In the year-to-date period, NG achieves a -12.03% return, which is significantly lower than KOLD's 10.84% return. Over the past 10 years, NG has outperformed KOLD with an annualized return of 1.70%, while KOLD has yielded a comparatively lower -13.73% annualized return.


NG

YTD

-12.03%

1M

-10.11%

6M

-0.90%

1Y

-6.27%

5Y*

-15.02%

10Y*

1.70%

KOLD

YTD

10.84%

1M

-19.96%

6M

26.52%

1Y

-2.80%

5Y*

-31.78%

10Y*

-13.73%

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Risk-Adjusted Performance

NG vs. KOLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and ProShares UltraShort Bloomberg Natural Gas (KOLD). 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 -0.16, compared to the broader market-4.00-2.000.002.00-0.160.06
The chart of Sortino ratio for NG, currently valued at 0.16, compared to the broader market-4.00-2.000.002.004.000.160.83
The chart of Omega ratio for NG, currently valued at 1.02, compared to the broader market0.501.001.502.001.021.09
The chart of Calmar ratio for NG, currently valued at -0.12, compared to the broader market0.002.004.006.00-0.120.07
The chart of Martin ratio for NG, currently valued at -0.44, compared to the broader market0.0010.0020.00-0.440.24
NG
KOLD

The current NG Sharpe Ratio is -0.16, which is lower than the KOLD Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of NG and KOLD, 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-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.16
0.06
NG
KOLD

Dividends

NG vs. KOLD - Dividend Comparison

Neither NG nor KOLD has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

NG vs. KOLD - Drawdown Comparison

The maximum NG drawdown since its inception was -97.85%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for NG and KOLD. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%JulyAugustSeptemberOctoberNovemberDecember
-72.90%
-93.81%
NG
KOLD

Volatility

NG vs. KOLD - Volatility Comparison

The current volatility for NovaGold Resources Inc. (NG) is 15.78%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 33.77%. This indicates that NG experiences smaller price fluctuations and is considered to be less risky than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
15.78%
33.77%
NG
KOLD
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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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