NG vs. TLT
Compare and contrast key facts about NovaGold Resources Inc. (NG) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NG or TLT.
Key characteristics
| NG | TLT | |
|---|---|---|
| YTD Return | -18.98% | -7.93% |
| 1Y Return | -46.65% | -11.39% |
| 3Y Return (Ann) | -30.87% | -11.29% |
| 5Y Return (Ann) | -4.98% | -4.01% |
| 10Y Return (Ann) | -1.24% | 0.20% |
| Sharpe Ratio | -0.86 | -0.73 |
| Daily Std Dev | 52.50% | 16.71% |
| Max Drawdown | -97.85% | -48.35% |
| Current Drawdown | -85.53% | -42.63% |
Correlation
The correlation between NG and TLT is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NG vs. TLT - Performance Comparison
In the year-to-date period, NG achieves a -18.98% return, which is significantly lower than TLT's -7.93% return. Over the past 10 years, NG has underperformed TLT with an annualized return of -1.24%, while TLT has yielded a comparatively higher 0.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NG vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
NG vs. TLT - Dividend Comparison
NG has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 3.90%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLT iShares 20+ Year Treasury Bond ETF | 3.90% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
NG vs. TLT - Drawdown Comparison
The maximum NG drawdown since its inception was -97.85%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for NG and TLT. For additional features, visit the drawdowns tool.
Volatility
NG vs. TLT - Volatility Comparison
NovaGold Resources Inc. (NG) has a higher volatility of 16.16% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.20%. This indicates that NG's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.