NG vs. RY
NG (NovaGold Resources Inc.) and RY (Royal Bank of Canada) are both stocks. NG operates in Gold (Basic Materials), while RY operates in Banks - Diversified (Financial Services). Over the past 10 years, NG returned 3.33%/yr vs 16.55%/yr for RY. At a 0.19 correlation, their price movements are largely independent.
Performance
NG vs. RY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NG achieves a -12.12% return, which is significantly lower than RY's 15.96% return. Over the past 10 years, NG has underperformed RY with an annualized return of 3.33%, while RY has yielded a comparatively higher 16.55% annualized return.
NG
- 1D
- 1.74%
- 1M
- 3.28%
- YTD
- -12.12%
- 6M
- -17.69%
- 1Y
- 74.63%
- 3Y*
- 15.90%
- 5Y*
- -4.33%
- 10Y*
- 3.33%
RY
- 1D
- 2.04%
- 1M
- 9.24%
- YTD
- 15.96%
- 6M
- 23.13%
- 1Y
- 57.71%
- 3Y*
- 33.63%
- 5Y*
- 17.60%
- 10Y*
- 16.55%
NG vs. RY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NG NovaGold Resources Inc. | -12.12% | 179.88% | -10.96% | -37.46% | -12.83% | -29.06% | 7.92% | 126.84% | 0.51% | -13.82% |
RY Royal Bank of Canada | 15.96% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
Correlation
The correlation between NG and RY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | 0.19 |
The correlation between NG and RY shifts across timeframes, from 0.18 (10 years) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NG:
$3.40B
RY:
$200.32B
NG:
-$0.25
RY:
$18.17
NG:
$0.00
RY:
$138.99B
NG:
-$19.45K
RY:
$65.64B
NG:
-$56.72M
RY:
$30.01B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NG vs. RY — Risk / Return Rank
NG
RY
NG vs. RY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and Royal Bank of Canada (RY). 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.
| NG | RY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.68 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 5.78 | -4.13 |
| Martin ratioReturn relative to average drawdown | 3.59 | 21.51 | -17.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NG | RY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 3.85 | -2.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.98 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.84 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.65 | -0.61 |
Drawdowns
NG vs. RY - Drawdown Comparison
The maximum NG drawdown since its inception was -97.85%, which is greater than RY's maximum drawdown of -62.90%. Use the drawdown chart below to compare losses from any high point for NG and RY.
Loading charts...
Drawdown Indicators
| NG | RY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -62.90% | -34.95% |
Max Drawdown (1Y)Largest decline over 1 year | -45.56% | -10.04% | -35.52% |
Max Drawdown (3Y)Largest decline over 3 years | -57.38% | -19.88% | -37.50% |
Max Drawdown (5Y)Largest decline over 5 years | -77.69% | -28.36% | -49.33% |
Max Drawdown (10Y)Largest decline over 10 years | -81.22% | -39.95% | -41.27% |
Current DrawdownCurrent decline from peak | -52.06% | 0.00% | -52.06% |
Average DrawdownAverage peak-to-trough decline | -58.04% | -9.33% | -48.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.97% | 2.69% | +18.28% |
Volatility
NG vs. RY - Volatility Comparison
NovaGold Resources Inc. (NG) has a higher volatility of 21.94% compared to Royal Bank of Canada (RY) at 4.50%. This indicates that NG's price experiences larger fluctuations and is considered to be riskier than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NG | RY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.94% | 4.50% | +17.44% |
Volatility (6M)Calculated over the trailing 6-month period | 59.49% | 11.63% | +47.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.75% | 15.05% | +61.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.45% | 17.99% | +41.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.80% | 19.77% | +36.03% |
Dividends
NG vs. RY - Dividend Comparison
NG has not paid dividends to shareholders, while RY's dividend yield for the trailing twelve months is around 2.38%.
| 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% |
RY Royal Bank of Canada | 2.38% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
NG vs. RY - Financials Comparison
This section allows you to compare key financial metrics between NovaGold Resources Inc. and Royal Bank of Canada. 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 RY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NG has higher volatility (21.94%) compared to RY (4.50%). In terms of maximum drawdown, NG dropped -97.85% vs RY's -62.90%.
RY currently has the higher Sharpe Ratio (3.85 vs 1.03), 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.
Find the right allocation for NG and RY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer