NGG vs. NG
Compare and contrast key facts about National Grid plc (NGG) and NovaGold Resources Inc. (NG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGG or NG.
Correlation
The correlation between NGG and NG is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NGG vs. NG - Performance Comparison
Key characteristics
NGG:
0.77
NG:
0.57
NGG:
1.09
NG:
1.39
NGG:
1.17
NG:
1.17
NGG:
1.00
NG:
0.46
NGG:
2.20
NG:
1.67
NGG:
9.47%
NG:
24.13%
NGG:
27.04%
NG:
70.72%
NGG:
-54.85%
NG:
-97.85%
NGG:
-2.76%
NG:
-77.76%
Fundamentals
NGG:
$70.21B
NG:
$1.38B
NGG:
$2.72
NG:
-$0.14
NGG:
2.15
NG:
0.00
NGG:
3.64
NG:
0.00
NGG:
1.47
NG:
25.84K
NGG:
$7.96B
NG:
$0.00
NGG:
$7.96B
NG:
-$22.00K
NGG:
$2.42B
NG:
-$29.07M
Returns By Period
In the year-to-date period, NGG achieves a 21.68% return, which is significantly lower than NG's 26.43% return. Over the past 10 years, NGG has outperformed NG with an annualized return of 7.05%, while NG has yielded a comparatively lower 0.72% annualized return.
NGG
21.68%
9.66%
12.25%
18.98%
12.09%
7.05%
NG
26.43%
61.30%
19.94%
37.58%
-18.69%
0.72%
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Risk-Adjusted Performance
NGG vs. NG — Risk-Adjusted Performance Rank
NGG
NG
NGG vs. NG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for National Grid plc (NGG) and NovaGold Resources Inc. (NG). 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
NGG vs. NG - Dividend Comparison
NGG's dividend yield for the trailing twelve months is around 9.71%, while NG has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGG National Grid plc | 9.71% | 11.81% | 5.20% | 5.13% | 4.71% | 5.29% | 4.90% | 6.44% | 24.15% | 5.07% | 4.73% | 7.86% |
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% |
Drawdowns
NGG vs. NG - Drawdown Comparison
The maximum NGG drawdown since its inception was -54.85%, smaller than the maximum NG drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for NGG and NG. For additional features, visit the drawdowns tool.
Volatility
NGG vs. NG - Volatility Comparison
The current volatility for National Grid plc (NGG) is 9.24%, while NovaGold Resources Inc. (NG) has a volatility of 41.94%. This indicates that NGG experiences smaller price fluctuations and is considered to be less risky than NG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NGG vs. NG - Financials Comparison
This section allows you to compare key financial metrics between National Grid plc and NovaGold Resources Inc.. 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