PNP.TO vs. NDM.TO
PNP.TO (Pinetree Capital Ltd.) and NDM.TO (Northern Dynasty Minerals Ltd.) are both stocks. PNP.TO operates in Capital Markets (Financial Services), while NDM.TO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, PNP.TO returned 3.90%/yr vs 21.60%/yr for NDM.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
PNP.TO vs. NDM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PNP.TO achieves a -20.36% return, which is significantly lower than NDM.TO's 15.19% return. Over the past 10 years, PNP.TO has underperformed NDM.TO with an annualized return of 3.90%, while NDM.TO has yielded a comparatively higher 21.60% annualized return.
PNP.TO
- 1D
- -1.68%
- 1M
- -4.14%
- YTD
- -20.36%
- 6M
- -29.88%
- 1Y
- -57.51%
- 3Y*
- 32.30%
- 5Y*
- 17.43%
- 10Y*
- 3.90%
NDM.TO
- 1D
- -5.47%
- 1M
- 10.28%
- YTD
- 15.19%
- 6M
- 16.92%
- 1Y
- 80.81%
- 3Y*
- 118.05%
- 5Y*
- 35.14%
- 10Y*
- 21.60%
PNP.TO vs. NDM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNP.TO Pinetree Capital Ltd. | -20.36% | 0.45% | 205.56% | -9.77% | -26.79% | 79.28% | -1.30% | 22.22% | -51.54% | 16.59% |
NDM.TO Northern Dynasty Minerals Ltd. | 15.19% | 225.30% | 93.02% | 43.33% | -26.83% | -0.00% | -26.79% | -26.32% | -66.07% | -19.13% |
Correlation
The correlation between PNP.TO and NDM.TO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 1999 | 0.12 |
The correlation between PNP.TO and NDM.TO shifts across timeframes, from -0.07 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PNP.TO:
CA$82.61M
NDM.TO:
CA$1.88B
PNP.TO:
-CA$2.11
NDM.TO:
-CA$0.08
PNP.TO:
1.20
NDM.TO:
44.35
PNP.TO:
CA$5.57M
NDM.TO:
CA$0.00
PNP.TO:
CA$5.51M
NDM.TO:
-CA$96.00K
PNP.TO:
-CA$19.16M
NDM.TO:
-CA$68.94M
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Return for Risk
PNP.TO vs. NDM.TO — Risk / Return Rank
PNP.TO
NDM.TO
PNP.TO vs. NDM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinetree Capital Ltd. (PNP.TO) and Northern Dynasty Minerals Ltd. (NDM.TO). 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.
| PNP.TO | NDM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.24 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.21 | -2.17 |
| Martin ratioReturn relative to average drawdown | -1.30 | 2.05 | -3.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PNP.TO | NDM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.20 | 0.71 | -1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.42 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.22 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.08 | -0.19 |
Drawdowns
PNP.TO vs. NDM.TO - Drawdown Comparison
The maximum PNP.TO drawdown since its inception was -99.94%, roughly equal to the maximum NDM.TO drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for PNP.TO and NDM.TO.
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Drawdown Indicators
| PNP.TO | NDM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -98.66% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -60.39% | -66.88% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -63.77% | -66.88% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -63.77% | -66.88% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -83.00% | -93.65% | +10.65% |
Current DrawdownCurrent decline from peak | -99.71% | -85.11% | -14.60% |
Average DrawdownAverage peak-to-trough decline | -89.66% | -71.47% | -18.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.43% | 39.64% | +4.79% |
Volatility
PNP.TO vs. NDM.TO - Volatility Comparison
The current volatility for Pinetree Capital Ltd. (PNP.TO) is 13.92%, while Northern Dynasty Minerals Ltd. (NDM.TO) has a volatility of 20.97%. This indicates that PNP.TO experiences smaller price fluctuations and is considered to be less risky than NDM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNP.TO | NDM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.92% | 20.97% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 31.52% | 75.30% | -43.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.03% | 114.90% | -66.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.75% | 83.43% | -31.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.31% | 97.78% | -29.47% |
Dividends
PNP.TO vs. NDM.TO - Dividend Comparison
Neither PNP.TO nor NDM.TO has paid dividends to shareholders.
Financials
PNP.TO vs. NDM.TO - Financials Comparison
This section allows you to compare key financial metrics between Pinetree Capital Ltd. and Northern Dynasty Minerals Ltd.. 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
PNP.TO and NDM.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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