NG vs. SCCO
NG (NovaGold Resources Inc.) and SCCO (Southern Copper Corporation) are both stocks. Both are in the Basic Materials sector — NG in Gold, SCCO in Copper. Over the past 10 years, NG returned 1.68%/yr vs 27.52%/yr for SCCO. At a 0.34 correlation, their price movements are largely independent.
Performance
NG vs. SCCO - 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 SCCO's 36.12% return. Over the past 10 years, NG has underperformed SCCO with an annualized return of 1.68%, while SCCO has yielded a comparatively higher 27.52% 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%
SCCO
- 1D
- -1.57%
- 1M
- 5.70%
- YTD
- 36.12%
- 6M
- 32.69%
- 1Y
- 115.90%
- 3Y*
- 45.44%
- 5Y*
- 31.42%
- 10Y*
- 27.52%
NG vs. SCCO - 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% |
SCCO Southern Copper Corporation | 36.12% | 66.62% | 9.45% | 50.12% | 4.25% | -0.62% | 58.79% | 46.59% | -33.11% | 50.79% |
Correlation
The correlation between NG and SCCO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2003 | 0.34 |
The correlation between NG and SCCO shifts across timeframes, from 0.31 (10 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NG:
$3.14B
SCCO:
$156.05B
NG:
-$0.25
SCCO:
$6.04
NG:
$0.00
SCCO:
$14.55B
NG:
-$19.45K
SCCO:
$6.04B
NG:
-$56.72M
SCCO:
$8.80B
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Return for Risk
NG vs. SCCO — Risk / Return Rank
NG
SCCO
NG vs. SCCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and Southern Copper Corporation (SCCO). 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 | SCCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.86 | -2.26 |
| Martin ratioReturn relative to average drawdown | 3.61 | 10.88 | -7.27 |
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Drawdowns
NG vs. SCCO - Drawdown Comparison
The maximum NG drawdown since its inception was -97.85%, which is greater than SCCO's maximum drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for NG and SCCO.
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Drawdown Indicators
| NG | SCCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -78.60% | -19.25% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -30.22% | -21.89% |
Max Drawdown (3Y)Largest decline over 3 years | -52.30% | -39.69% | -12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -73.33% | -43.07% | -30.26% |
Max Drawdown (10Y)Largest decline over 10 years | -81.22% | -54.83% | -26.39% |
Current DrawdownCurrent decline from peak | -55.75% | -11.90% | -43.85% |
Average DrawdownAverage peak-to-trough decline | -58.02% | -22.03% | -35.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.98% | 10.69% | +12.29% |
Volatility
NG vs. SCCO - Volatility Comparison
NovaGold Resources Inc. (NG) has a higher volatility of 21.07% compared to Southern Copper Corporation (SCCO) at 18.62%. This indicates that NG's price experiences larger fluctuations and is considered to be riskier than SCCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NG | SCCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.07% | 18.62% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 61.86% | 41.41% | +20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.33% | 49.73% | +24.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.81% | 39.86% | +19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.05% | 37.55% | +18.50% |
Dividends
NG vs. SCCO - Dividend Comparison
NG has not paid dividends to shareholders, while SCCO's dividend yield for the trailing twelve months is around 1.92%.
| 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% |
SCCO Southern Copper Corporation | 1.92% | 2.13% | 2.29% | 4.65% | 5.80% | 5.19% | 2.30% | 4.81% | 4.55% | 1.24% | 0.56% | 1.30% |
Financials
NG vs. SCCO - Financials Comparison
This section allows you to compare key financial metrics between NovaGold Resources Inc. and Southern Copper Corporation. 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 SCCO have a correlation of 0.49, 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 SCCO (18.62%). In terms of maximum drawdown, NG dropped -97.85% vs SCCO's -78.60%.
SCCO currently has the higher Sharpe Ratio (2.35 vs 1.12), 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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