NG vs. KOLD

In the year-to-date period, NG achieves a 7.51% return, which is significantly higher than KOLD's -37.55% return. Over the past 10 years, NG has outperformed KOLD with an annualized return of -1.49%, while KOLD has yielded a comparatively lower -20.92% annualized return.

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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.

The current NG Sharpe Ratio is -0.17, which is higher than the KOLD Sharpe Ratio of -0.47. 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.

Neither NG nor KOLD has paid dividends to shareholders.

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.

The current volatility for NovaGold Resources Inc. (NG) is 13.29%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 33.81%. 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.