QS vs. NAK
QS (QuantumScape Corporation) and NAK (Northern Dynasty Minerals Ltd.) are both stocks. QS operates in Auto Parts (Consumer Cyclical), while NAK operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, QS returned -23.97%/yr vs 29.51%/yr for NAK. At a 0.23 correlation, their price movements are largely independent.
Performance
QS vs. NAK - Performance Comparison
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Returns By Period
In the year-to-date period, QS achieves a -31.96% return, which is significantly lower than NAK's 3.55% return.
QS
- 1D
- -1.94%
- 1M
- -18.13%
- YTD
- -31.96%
- 6M
- -39.92%
- 1Y
- 57.91%
- 3Y*
- -1.86%
- 5Y*
- -23.97%
- 10Y*
- —
NAK
- 1D
- 4.62%
- 1M
- -9.33%
- YTD
- 3.55%
- 6M
- -5.12%
- 1Y
- 65.85%
- 3Y*
- 109.20%
- 5Y*
- 29.51%
- 10Y*
- 20.01%
QS vs. NAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QS QuantumScape Corporation | -31.96% | 100.77% | -25.32% | 22.57% | -74.45% | -73.72% | 757.36% |
NAK Northern Dynasty Minerals Ltd. | 3.55% | 238.78% | 79.86% | 46.42% | -32.31% | 1.30% | -78.68% |
Correlation
The correlation between QS and NAK is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.23 |
The correlation between QS and NAK shifts across timeframes, from 0.20 (3 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
QS:
$4.33B
NAK:
$1.12B
QS:
-$0.72
NAK:
-CA$0.19
QS:
3.90
NAK:
88.47
QS:
$0.00
NAK:
CA$0.00
QS:
-$49.03M
NAK:
-CA$85.85K
QS:
-$378.92M
NAK:
-CA$99.80M
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Return for Risk
QS vs. NAK — Risk / Return Rank
QS
NAK
QS vs. NAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QuantumScape Corporation (QS) and Northern Dynasty Minerals Ltd. (NAK). 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.
| QS | NAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.98 | -0.12 |
| Martin ratioReturn relative to average drawdown | 1.33 | 1.67 | -0.34 |
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Drawdowns
QS vs. NAK - Drawdown Comparison
The maximum QS drawdown since its inception was -97.36%, roughly equal to the maximum NAK drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for QS and NAK.
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Drawdown Indicators
| QS | NAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.36% | -99.01% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -67.68% | -67.68% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -73.93% | -67.68% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -91.45% | -67.68% | -23.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.79% | — |
Current DrawdownCurrent decline from peak | -94.62% | -90.32% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -85.52% | -73.93% | -11.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.64% | 39.60% | +4.04% |
Volatility
QS vs. NAK - Volatility Comparison
QuantumScape Corporation (QS) and Northern Dynasty Minerals Ltd. (NAK) have volatilities of 25.60% and 26.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QS | NAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.60% | 26.03% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 48.92% | 77.41% | -28.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.22% | 115.33% | -12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.76% | 83.81% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.87% | 97.90% | +7.97% |
Dividends
QS vs. NAK - Dividend Comparison
Neither QS nor NAK has paid dividends to shareholders.
Financials
QS vs. NAK - Financials Comparison
This section allows you to compare key financial metrics between QuantumScape Corporation 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
QS and NAK have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAK has higher volatility (26.03%) compared to QS (25.60%). In terms of maximum drawdown, QS dropped -97.36% vs NAK's -99.01%.
NAK currently has the higher Sharpe Ratio (0.57 vs 0.56), 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.
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