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.
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
Key characteristics
NG:
-0.08
TLT:
-0.54
NG:
0.29
TLT:
-0.66
NG:
1.03
TLT:
0.93
NG:
-0.05
TLT:
-0.17
NG:
-0.21
TLT:
-1.13
NG:
21.60%
TLT:
6.75%
NG:
57.17%
TLT:
14.28%
NG:
-97.85%
TLT:
-48.35%
NG:
-82.30%
TLT:
-42.06%
Returns By Period
In the year-to-date period, NG achieves a -10.43% return, which is significantly lower than TLT's -7.02% return. Over the past 10 years, NG has outperformed TLT with an annualized return of 2.11%, while TLT has yielded a comparatively lower -0.87% annualized return.
NG
-10.43%
-6.42%
0.00%
-6.42%
-14.70%
2.11%
TLT
-7.02%
-1.53%
-3.76%
-6.64%
-5.98%
-0.87%
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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 4.25%.
| 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 | 4.25% | 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 15.84% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.47%. 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.