NIOBW vs. NB

Last updated Apr 1, 2026

Compare and contrast key facts about NioCorp Developments Ltd. Warrant (NIOBW) and NioCorp Developments Ltd. Common Stock (NB).

Performance

NIOBW vs. NB - Performance Comparison

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

NIOBW vs. NB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NIOBW NioCorp Developments Ltd. Warrant	-8.06%	1,900.00%	-82.45%	-28.85%
NB NioCorp Developments Ltd. Common Stock	-15.85%	241.94%	-51.41%	-57.86%

Returns By Period

In the year-to-date period, NIOBW achieves a -8.06% return, which is significantly higher than NB's -15.85% return.

NIOBW

• 1D: 10.32%
• 1M: -14.50%
• YTD: -8.06%
• 6M: -7.07%
• 1Y: 968.75%
• 3Y*: 34.68%
• 5Y*: —
• 10Y*: —

NB

• 1D: 6.44%
• 1M: -15.85%
• YTD: -15.85%
• 6M: -33.23%
• 1Y: 126.40%
• 3Y*: -11.16%
• 5Y*: —
• 10Y*: —

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

Return for Risk

NIOBW vs. NB — Risk / Return Rank

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

NIOBW

NIOBW Risk / Return Rank: 96
NIOBW Sharpe Ratio Rank: 99
NIOBW Sortino Ratio Rank: 96
NIOBW Omega Ratio Rank: 95
NIOBW Calmar Ratio Rank: 98
NIOBW Martin Ratio Rank: 94

NB

NB Risk / Return Rank: 75
NB Sharpe Ratio Rank: 77
NB Sortino Ratio Rank: 79
NB Omega Ratio Rank: 75
NB Calmar Ratio Rank: 75
NB Martin Ratio Rank: 68

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. NB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NioCorp Developments Ltd. Warrant (NIOBW) and NioCorp Developments Ltd. Common Stock (NB). 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	NB	Difference
Sharpe ratio Return per unit of total volatility	5.26	1.10	+4.16
Sortino ratio Return per unit of downside risk	3.89	2.02	+1.87
Omega ratio Gain probability vs. loss probability	1.49	1.25	+0.25
Calmar ratio Return relative to maximum drawdown	8.91	1.80	+7.10
Martin ratio Return relative to average drawdown	14.94	3.09	+11.85
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. NB - Sharpe Ratio Comparison

The current NIOBW Sharpe Ratio is 5.26, which is higher than the NB Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of NIOBW and NB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NIOBW	NB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.26	1.10	+4.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.18	+0.34

Correlation

The correlation between NIOBW and NB is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NIOBW vs. NB - Dividend Comparison

Neither NIOBW nor NB has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NIOBW vs. NB - Drawdown Comparison

The maximum NIOBW drawdown since its inception was -90.00%, which is greater than NB's maximum drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for NIOBW and NB.

Drawdown Indicators

	NIOBW	NB	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-82.83%	-7.17%
Max Drawdown (1Y) Largest decline over 1 year	-70.48%	-64.10%	-6.38%
Current Drawdown Current decline from peak	-67.12%	-61.78%	-5.34%
Average Drawdown Average peak-to-trough decline	-49.27%	-56.29%	+7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.01%	37.31%	+4.70%

Volatility

NIOBW vs. NB - Volatility Comparison

NioCorp Developments Ltd. Warrant (NIOBW) has a higher volatility of 24.86% compared to NioCorp Developments Ltd. Common Stock (NB) at 19.72%. This indicates that NIOBW's price experiences larger fluctuations and is considered to be riskier than NB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIOBW	NB	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.86%	19.72%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	108.99%	78.03%	+30.96%
Volatility (1Y) Calculated over the trailing 1-year period	189.26%	115.82%	+73.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.33%	91.94%	+103.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.33%	91.94%	+103.39%

Financials