NGD vs. NUE

Last updated Jun 9, 2026

NGD (New Gold Inc.) and NUE (Nucor Corporation) are both stocks. Both are in the Basic Materials sector — NGD in Gold, NUE in Steel. At a 0.19 correlation, their price movements are largely independent.

Performance

NGD vs. NUE - Performance Comparison

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

Returns By Period

NGD

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

NUE

• 1D: -0.39%
• 1M: 11.38%
• YTD: 55.89%
• 6M: 60.16%
• 1Y: 111.60%
• 3Y*: 22.06%
• 5Y*: 20.51%
• 10Y*: 20.15%

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

NGD vs. NUE - 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%
NUE Nucor Corporation	55.89%	42.03%	-31.95%	33.75%	17.39%	118.45%	-1.77%	11.84%	-16.36%	9.60%

Correlation

The correlation between NGD and NUE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.12
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 Nov 19, 2004	0.19

The correlation between NGD and NUE shifts across timeframes, from 0.04 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS NGD : $1.61 NUE : $10.12
PE Ratio NGD : 5.64 NUE : 25.03
PS Ratio NGD : 3.30 NUE : 1.71
Total Revenue (TTM) NGD : $1.46B NUE : $34.16B
Gross Profit (TTM) NGD : $758.26M NUE : $4.77B
EBITDA (TTM) NGD : $1.19B NUE : $3.49B

Return for Risk

NGD vs. NUE — Risk / Return Rank

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

NUE

NUE Risk / Return Rank: 96
NUE Sharpe Ratio Rank: 97
NUE Sortino Ratio Rank: 96
NUE Omega Ratio Rank: 95
NUE Calmar Ratio Rank: 94
NUE Martin Ratio Rank: 95

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. NUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Nucor Corporation (NUE). 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.

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

Sharpe Ratios by Period

	NGD	NUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	NGD	NUE	Difference
Max Drawdown Largest peak-to-trough decline	—	-68.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-47.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.21%	—
Current Drawdown Current decline from peak	—	-3.39%	—
Average Drawdown Average peak-to-trough decline	—	-21.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.12%	—

Volatility

Volatility by Period

	NGD	NUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	29.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	37.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.97%	—

Dividends

NGD vs. NUE - Dividend Comparison

NGD has not paid dividends to shareholders, while NUE's dividend yield for the trailing twelve months is around 0.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NGD New Gold 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%
NUE Nucor Corporation	0.88%	1.35%	1.86%	1.19%	1.52%	1.50%	3.03%	2.85%	2.97%	2.38%	2.52%	3.70%

Financials

Frequently Asked Questions

Can I hold both NGD and NUE in my portfolio?

NGD and NUE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.