NUE vs. NGD

Last updated Jun 9, 2026

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

Performance

NUE vs. NGD - Performance Comparison

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

Returns By Period

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%

NGD

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

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

NUE vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUE Nucor Corporation	55.89%	42.03%	-31.95%	33.75%	17.39%	118.45%	-1.77%	11.84%	-16.36%	9.60%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

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

Fundamentals

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

Return for Risk

NUE vs. NGD — 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.

NUE vs. NGD - Risk-Adjusted Trends Comparison

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

	NUE	NGD	Difference
Sharpe ratio: Return per unit of total volatility	3.80	—	—
Sortino ratio: Return per unit of downside risk	4.36	—	—
Omega ratio: Gain probability vs. loss probability	1.54	—	—
Calmar ratio: Return relative to maximum drawdown	6.09	—	—
Martin ratio: Return relative to average drawdown	18.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NUE	NGD	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

	NUE	NGD	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

	NUE	NGD	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

NUE vs. NGD - Dividend Comparison

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

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 NUE and NGD in my portfolio?

NUE and NGD 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.