NIOBW vs. LAC
NIOBW (NioCorp Developments Ltd. Warrant) and LAC (Lithium Americas Corp.) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past year, NIOBW returned 49.33% vs 12.55% for LAC. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
NIOBW vs. LAC - Performance Comparison
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Returns By Period
In the year-to-date period, NIOBW achieves a -39.78% return, which is significantly lower than LAC's -34.17% return.
NIOBW
- 1D
- 1.82%
- 1M
- -19.99%
- 6M
- -53.91%
- YTD
- -39.78%
- 1Y
- 49.33%
- 3Y*
- 22.45%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.53%
LAC
- 1D
- -0.69%
- 1M
- -23.67%
- 6M
- -41.07%
- YTD
- -34.17%
- 1Y
- 12.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -32.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.24M | $30.56M | $47.54M | |
| $5.85K | $11.89K | $21.18K |
NIOBW vs. LAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NIOBW NioCorp Developments Ltd. Warrant | -39.78% | 1,900.00% | -82.45% | -3.64% |
LAC Lithium Americas Corp. | -34.17% | 46.80% | -53.59% | -27.19% |
Correlation
The correlation between NIOBW and LAC is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.18 |
Over the past year, NIOBW and LAC have become more correlated (0.57) than their long-term average of 0.18, meaning their price movements have been converging.
Fundamentals
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Return for Risk
NIOBW vs. LAC — Risk / Return Rank
NIOBW
LAC
NIOBW vs. LAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NioCorp Developments Ltd. Warrant (NIOBW) and Lithium Americas Corp. (LAC). 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.
| NIOBW | LAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.16 | +0.48 |
| Martin ratioReturn relative to average drawdown | 0.90 | 0.25 | +0.66 |
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Drawdowns
NIOBW vs. LAC - Drawdown Comparison
The maximum NIOBW drawdown since its inception was -90.00%, which is greater than LAC's maximum drawdown of -81.83%. Use the drawdown chart below to compare losses from any high point for NIOBW and LAC.
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Drawdown Indicators
| NIOBW | LAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.00% | -81.83% | -8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -79.23% | -73.03% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -88.53% | — | — |
Current DrawdownCurrent decline from peak | -78.46% | -75.51% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -51.15% | -63.46% | +12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.80% | 47.39% | +8.41% |
Volatility
NIOBW vs. LAC - Volatility Comparison
NioCorp Developments Ltd. Warrant (NIOBW) has a higher volatility of 38.03% compared to Lithium Americas Corp. (LAC) at 16.02%. This indicates that NIOBW's price experiences larger fluctuations and is considered to be riskier than LAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIOBW | LAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.03% | 16.02% | +22.01% |
Volatility (6M)Calculated over the trailing 6-month period | 85.03% | 49.65% | +35.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.14% | 131.45% | +12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.65% | 99.78% | +89.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 189.65% | 99.78% | +89.87% |
Dividends
NIOBW vs. LAC - Dividend Comparison
Neither NIOBW nor LAC has paid dividends to shareholders.
Financials
NIOBW vs. LAC - Financials Comparison
This section allows you to compare key financial metrics between NioCorp Developments Ltd. Warrant and Lithium Americas Corp.. 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
Frequently Asked Questions
NIOBW and LAC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NIOBW has higher volatility (38.03%) compared to LAC (16.02%). In terms of maximum drawdown, NIOBW dropped -90.00% vs LAC's -81.83%.
NIOBW currently has the higher Sharpe Ratio (0.35 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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