NXE vs. AMAT

Last updated Aug 1, 2026

NXE (NexGen Energy Ltd.) and AMAT (Applied Materials, Inc.) are both stocks. NXE operates in Uranium (Energy), while AMAT operates in Semiconductor Equipment & Materials (Technology). Over the past 5 years, NXE returned 16.63%/yr vs 30.49%/yr for AMAT. Their 0.29 correlation means their historical movements had little consistent relationship.

Performance

NXE vs. AMAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NexGen Energy Ltd. (NXE) and Applied Materials, Inc. (AMAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXE achieves a -0.54% return, which is significantly lower than AMAT's 98.04% return.

NXE

• 1D: -1.82%
• 1M: -4.98%
• 6M: -27.21%
• YTD: -0.54%
• 1Y: 41.20%
• 3Y*: 23.48%
• 5Y*: 16.63%
• 10Y*: —
• ALL TIME*: 15.29%

AMAT

• 1D: 1.18%
• 1M: -15.81%
• 6M: 57.90%
• YTD: 98.04%
• 1Y: 184.12%
• 3Y*: 50.50%
• 5Y*: 30.49%
• 10Y*: 36.10%
• ALL TIME*: 20.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMAT Applied Materials, Inc.	$4.02B	$4.81B	$5.25B
NXE NexGen Energy Ltd.	$47.87M	$44.12M	$61.33M

NXE vs. AMAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NXE NexGen Energy Ltd.	-0.54%	39.39%	-5.71%	58.01%	1.37%	58.33%	115.63%	-28.09%	-30.47%	3.64%
AMAT Applied Materials, Inc.	98.04%	59.60%	1.13%	67.97%	-37.54%	83.64%	43.29%	89.86%	-34.92%	14.13%

Correlation

The correlation between NXE and AMAT is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (5Y) Shows whether the relationship held over a longer period.	0.37
Correlation (All Time) Calculated using the full available price history since May 17, 2017	0.29

Fundamentals

Market Cap NXE : $6.06B AMAT : $403.07B
EPS NXE : -CA$0.67 AMAT : $10.65
PB Ratio NXE : 4.98 AMAT : 16.97
Total Revenue (TTM) NXE : CA$0.00 AMAT : $29.02B
Gross Profit (TTM) NXE : -CA$992.64K AMAT : $14.21B
EBITDA (TTM) NXE : -CA$247.46M AMAT : $9.92B

Return for Risk

NXE vs. AMAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NXE

NXE Risk / Return Rank: 65
NXE Sharpe Ratio Rank: 67
NXE Sortino Ratio Rank: 65
NXE Omega Ratio Rank: 61
NXE Calmar Ratio Rank: 66
NXE Martin Ratio Rank: 67

AMAT

AMAT Risk / Return Rank: 95
AMAT Sharpe Ratio Rank: 98
AMAT Sortino Ratio Rank: 93
AMAT Omega Ratio Rank: 94
AMAT Calmar Ratio Rank: 94
AMAT Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NXE vs. AMAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) and Applied Materials, Inc. (AMAT). 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.

	NXE	AMAT	Difference
Sharpe ratio: Return per unit of total volatility	0.64	3.11	-2.47
Sortino ratio: Return per unit of downside risk	1.25	3.15	-1.90
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.28
Calmar ratio: Return relative to maximum drawdown	0.98	4.67	-3.69
Martin ratio: Return relative to average drawdown	2.27	19.21	-16.94

NXE vs. AMAT - Sharpe Ratio Comparison

The current NXE Sharpe Ratio is 0.64, which is lower than the AMAT Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of NXE and AMAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NXE vs. AMAT - Drawdown Comparison

The maximum NXE drawdown since its inception was -80.60%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for NXE and AMAT.

Drawdown Indicators

	NXE	AMAT	Difference
Max Drawdown Largest peak-to-trough decline	-80.60%	-85.22%	+4.62%
Max Drawdown (1Y) Largest decline over 1 year	-37.28%	-39.63%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-54.28%	-49.88%	-4.40%
Max Drawdown (5Y) Largest decline over 5 years	-54.28%	-55.14%	+0.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.14%	—
Current Drawdown Current decline from peak	-34.27%	-29.78%	-4.49%
Average Drawdown Average peak-to-trough decline	-26.69%	-38.71%	+12.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.06%	9.62%	+6.44%

Volatility

NXE vs. AMAT - Volatility Comparison

The current volatility for NexGen Energy Ltd. (NXE) is 15.14%, while Applied Materials, Inc. (AMAT) has a volatility of 25.47%. This indicates that NXE experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXE	AMAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.14%	25.47%	-10.33%
Volatility (6M) Calculated over the trailing 6-month period	39.08%	50.11%	-11.03%
Volatility (1Y) Calculated over the trailing 1-year period	56.75%	59.77%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.07%	46.71%	+11.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.32%	44.28%	+17.04%

Dividends

NXE vs. AMAT - Dividend Comparison

NXE has not paid dividends to shareholders, while AMAT's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAT Applied Materials, Inc.	0.38%	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%	0.78%	1.24%	2.14%
NXE NexGen Energy Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NXE and AMAT in my portfolio?

NXE and AMAT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXE or AMAT?

AMAT has higher volatility (25.47%) compared to NXE (15.14%). In terms of maximum drawdown, NXE dropped -80.60% vs AMAT's -85.22%.

Which has better risk-adjusted returns?

AMAT currently has the higher Sharpe Ratio (3.11 vs 0.64), 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.