NIOBW vs. LYSDY

Last updated Jun 4, 2026

NIOBW (NioCorp Developments Ltd. Warrant) and LYSDY (Lynas Rare Earths Ltd ADR) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, NIOBW returned 34.72%/yr vs 38.77%/yr for LYSDY. At a 0.17 correlation, their price movements are largely independent.

Performance

NIOBW vs. LYSDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NioCorp Developments Ltd. Warrant (NIOBW) and Lynas Rare Earths Ltd ADR (LYSDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIOBW achieves a -6.99% return, which is significantly lower than LYSDY's 65.78% return.

NIOBW

• 1D: -10.37%
• 1M: -8.95%
• YTD: -6.99%
• 6M: -19.16%
• 1Y: 302.33%
• 3Y*: 34.72%
• 5Y*: —
• 10Y*: —

LYSDY

• 1D: -0.51%
• 1M: 2.85%
• YTD: 65.78%
• 6M: 42.66%
• 1Y: 160.65%
• 3Y*: 38.77%
• 5Y*: 26.57%
• 10Y*: 77.85%

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

NIOBW vs. LYSDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NIOBW NioCorp Developments Ltd. Warrant	-6.99%	1,900.00%	-82.45%	-28.85%
LYSDY Lynas Rare Earths Ltd ADR	65.78%	109.37%	-18.22%	12.80%

Correlation

The correlation between NIOBW and LYSDY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.17

The correlation between NIOBW and LYSDY shifts across timeframes, from 0.16 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NIOBW vs. LYSDY — Risk / Return Rank

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

NIOBW

NIOBW Risk / Return Rank: 85
NIOBW Sharpe Ratio Rank: 89
NIOBW Sortino Ratio Rank: 86
NIOBW Omega Ratio Rank: 83
NIOBW Calmar Ratio Rank: 89
NIOBW Martin Ratio Rank: 79

LYSDY

LYSDY Risk / Return Rank: 85
LYSDY Sharpe Ratio Rank: 91
LYSDY Sortino Ratio Rank: 85
LYSDY Omega Ratio Rank: 83
LYSDY Calmar Ratio Rank: 85
LYSDY Martin Ratio Rank: 81

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.

NIOBW vs. LYSDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NioCorp Developments Ltd. Warrant (NIOBW) and Lynas Rare Earths Ltd ADR (LYSDY). 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.

	NIOBW	LYSDY	Difference
Sharpe ratio Return per unit of total volatility	2.10	2.46	-0.37
Sortino ratio Return per unit of downside risk	2.77	2.70	+0.07
Omega ratio Gain probability vs. loss probability	1.33	1.35	-0.02
Calmar ratio Return relative to maximum drawdown	4.22	3.48	+0.74
Martin ratio Return relative to average drawdown	6.36	7.34	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NIOBW vs. LYSDY - Sharpe Ratio Comparison

The current NIOBW Sharpe Ratio is 2.10, which is comparable to the LYSDY Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of NIOBW and LYSDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NIOBW	LYSDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.46	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.03	+0.13

Drawdowns

NIOBW vs. LYSDY - Drawdown Comparison

The maximum NIOBW drawdown since its inception was -90.00%, smaller than the maximum LYSDY drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for NIOBW and LYSDY.

Drawdown Indicators

	NIOBW	LYSDY	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-99.93%	+9.93%
Max Drawdown (1Y) Largest decline over 1 year	-72.12%	-46.39%	-25.73%
Max Drawdown (3Y) Largest decline over 3 years	-89.30%	-46.39%	-42.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-58.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.35%	—
Current Drawdown Current decline from peak	-66.73%	-50.42%	-16.31%
Average Drawdown Average peak-to-trough decline	-50.11%	-84.54%	+34.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.79%	21.98%	+25.81%

Volatility

NIOBW vs. LYSDY - Volatility Comparison

NioCorp Developments Ltd. Warrant (NIOBW) has a higher volatility of 36.63% compared to Lynas Rare Earths Ltd ADR (LYSDY) at 15.31%. This indicates that NIOBW's price experiences larger fluctuations and is considered to be riskier than LYSDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIOBW	LYSDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.63%	15.31%	+21.32%
Volatility (6M) Calculated over the trailing 6-month period	83.52%	43.02%	+40.50%
Volatility (1Y) Calculated over the trailing 1-year period	145.26%	65.65%	+79.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.87%	50.49%	+141.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.87%	278.64%	-86.77%

Dividends

NIOBW vs. LYSDY - Dividend Comparison

Neither NIOBW nor LYSDY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NIOBW and LYSDY in my portfolio?

NIOBW and LYSDY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NIOBW or LYSDY?

NIOBW has higher volatility (36.63%) compared to LYSDY (15.31%). In terms of maximum drawdown, NIOBW dropped -90.00% vs LYSDY's -99.93%.

Which has better risk-adjusted returns?

LYSDY currently has the higher Sharpe Ratio (2.46 vs 2.10), 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.