NG vs. NGG
NG (NovaGold Resources Inc.) and NGG (National Grid plc) are both stocks. NG operates in Gold (Basic Materials), while NGG operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, NG returned 1.68%/yr vs 7.62%/yr for NGG. At a 0.19 correlation, their price movements are largely independent.
Performance
NG vs. NGG - Performance Comparison
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Returns By Period
In the year-to-date period, NG achieves a -18.88% return, which is significantly lower than NGG's 7.43% return. Over the past 10 years, NG has underperformed NGG with an annualized return of 1.68%, while NGG has yielded a comparatively higher 7.62% annualized return.
NG
- 1D
- -3.08%
- 1M
- -2.20%
- YTD
- -18.88%
- 6M
- -25.00%
- 1Y
- 82.61%
- 3Y*
- 18.18%
- 5Y*
- -1.83%
- 10Y*
- 1.68%
NGG
- 1D
- 1.93%
- 1M
- -4.05%
- YTD
- 7.43%
- 6M
- 8.75%
- 1Y
- 18.94%
- 3Y*
- 14.45%
- 5Y*
- 11.21%
- 10Y*
- 7.62%
NG vs. NGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NG NovaGold Resources Inc. | -18.88% | 179.88% | -10.96% | -37.46% | -12.83% | -29.06% | 7.92% | 126.84% | 0.51% | -13.82% |
NGG National Grid plc | 7.43% | 35.88% | -1.26% | 18.82% | -12.68% | 29.02% | -0.75% | 38.53% | -13.76% | 4.94% |
Correlation
The correlation between NG and NGG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2003 | 0.19 |
Fundamentals
NG:
$3.14B
NGG:
$80.58B
NG:
-$0.25
NGG:
£6.16
NG:
$0.00
NGG:
£35.68B
NG:
-$19.45K
NGG:
£10.47B
NG:
-$56.72M
NGG:
£15.03B
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Return for Risk
NG vs. NGG — Risk / Return Rank
NG
NGG
NG vs. NGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and National Grid plc (NGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NG | NGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.34 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.61 | 3.49 | +0.12 |
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Drawdowns
NG vs. NGG - Drawdown Comparison
The maximum NG drawdown since its inception was -97.85%, which is greater than NGG's maximum drawdown of -54.85%. Use the drawdown chart below to compare losses from any high point for NG and NGG.
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Drawdown Indicators
| NG | NGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -54.85% | -43.00% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -14.15% | -37.96% |
Max Drawdown (3Y)Largest decline over 3 years | -52.30% | -20.76% | -31.54% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | -39.20% | -34.13% |
Max Drawdown (10Y)Largest decline over 10 years | -81.22% | -39.20% | -42.02% |
Current DrawdownCurrent decline from peak | -55.75% | -11.53% | -44.22% |
Average DrawdownAverage peak-to-trough decline | -58.02% | -13.40% | -44.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.98% | 5.44% | +17.54% |
Volatility
NG vs. NGG - Volatility Comparison
NovaGold Resources Inc. (NG) has a higher volatility of 21.07% compared to National Grid plc (NGG) at 6.43%. This indicates that NG's price experiences larger fluctuations and is considered to be riskier than NGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NG | NGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.07% | 6.43% | +14.64% |
Volatility (6M)Calculated over the trailing 6-month period | 61.86% | 17.55% | +44.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.33% | 21.75% | +52.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.81% | 22.14% | +37.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.05% | 23.12% | +32.93% |
Dividends
NG vs. NGG - Dividend Comparison
NG has not paid dividends to shareholders, while NGG's dividend yield for the trailing twelve months is around 4.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NG NovaGold Resources Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NGG National Grid plc | 4.00% | 4.03% | 11.81% | 5.20% | 5.18% | 4.75% | 5.32% | 4.94% | 6.51% | 14.95% | 5.07% | 4.73% |
Financials
NG vs. NGG - Financials Comparison
This section allows you to compare key financial metrics between NovaGold Resources Inc. and National Grid plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NG and NGG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NG has higher volatility (21.07%) compared to NGG (6.43%). In terms of maximum drawdown, NG dropped -97.85% vs NGG's -54.85%.
NG currently has the higher Sharpe Ratio (1.12 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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