NGD vs. AVAV

Last updated Jun 13, 2026

NGD (New Gold Inc.) and AVAV (AeroVironment, Inc.) are both stocks. NGD operates in Gold (Basic Materials), while AVAV operates in Aerospace & Defense (Industrials). At a 0.12 correlation, their price movements are largely independent.

Performance

NGD vs. AVAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Gold Inc. (NGD) and AeroVironment, Inc. (AVAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVAV

• 1D: -7.14%
• 1M: 7.96%
• YTD: -29.48%
• 6M: -28.63%
• 1Y: -12.57%
• 3Y*: 20.96%
• 5Y*: 8.68%
• 10Y*: 18.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NGD vs. AVAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%
AVAV AeroVironment, Inc.	-29.48%	57.18%	22.10%	47.14%	38.09%	-28.62%	40.75%	-9.14%	20.99%	109.32%

Correlation

The correlation between NGD and AVAV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007	0.12

Fundamentals

EPS NGD : $1.61 AVAV : -$4.63
PS Ratio NGD : 3.30 AVAV : 6.94
Total Revenue (TTM) NGD : $1.46B AVAV : $1.19B
Gross Profit (TTM) NGD : $758.26M AVAV : $104.63M
EBITDA (TTM) NGD : $1.19B AVAV : -$242.06M

Return for Risk

NGD vs. AVAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVAV

AVAV Risk / Return Rank: 38
AVAV Sharpe Ratio Rank: 37
AVAV Sortino Ratio Rank: 40
AVAV Omega Ratio Rank: 39
AVAV Calmar Ratio Rank: 37
AVAV Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NGD vs. AVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and AeroVironment, Inc. (AVAV). 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.

	NGD	AVAV	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.14	—
Sortino ratio: Return per unit of downside risk	—	0.33	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	-0.17	—
Martin ratio: Return relative to average drawdown	—	-0.30	—

Drawdowns

Drawdown Indicators

	NGD	AVAV	Difference
Max Drawdown Largest peak-to-trough decline	—	-61.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-61.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-61.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.45%	—
Current Drawdown Current decline from peak	—	-58.38%	—
Average Drawdown Average peak-to-trough decline	—	-28.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.44%	—

Volatility

Volatility by Period

	NGD	AVAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	57.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	74.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	56.01%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	52.05%	—

Dividends

NGD vs. AVAV - Dividend Comparison

Neither NGD nor AVAV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NGD and AVAV in my portfolio?

NGD and AVAV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.