SAABY vs. NGD.TO

Last updated Jun 13, 2026

SAABY (Saab AB (publ)) and NGD.TO (New Gold Inc.) are both stocks. SAABY operates in Aerospace & Defense (Industrials), while NGD.TO operates in Gold (Basic Materials). At a 0.11 correlation, their price movements are largely independent.

Performance

SAABY vs. NGD.TO - Performance Comparison

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

Different Trading Currencies

SAABY is traded in USD, while NGD.TO is traded in CAD. To make them comparable, the NGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

SAABY

• 1D: -3.70%
• 1M: 4.75%
• YTD: -4.59%
• 6M: 0.99%
• 1Y: 14.85%
• 3Y*: 60.00%
• 5Y*: 50.73%
• 10Y*: —

NGD.TO

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

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

SAABY vs. NGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SAABY Saab AB (publ)	-4.59%	177.56%	39.85%	47.07%	67.28%	-48.79%	82.51%
NGD.TO New Gold Inc.	1.41%	249.08%	72.38%	47.88%	-33.82%	-32.47%	187.40%

Correlation

The correlation between SAABY and NGD.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Apr 15, 2020	0.11

The correlation between SAABY and NGD.TO shifts across timeframes, from 0.11 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SAABY : $29.87B NGD.TO : CA$9.63B
EPS SAABY : SEK 5.98 NGD.TO : $1.09
PE Ratio SAABY : 43.63 NGD.TO : 7.99
PEG Ratio SAABY : 1.33 NGD.TO : 0.01
PS Ratio SAABY : 3.43 NGD.TO : 4.65
PB Ratio SAABY : 6.32 NGD.TO : 3.61
Total Revenue (TTM) SAABY : SEK 82.29B NGD.TO : $1.49B
Gross Profit (TTM) SAABY : SEK 17.87B NGD.TO : $767.09M
EBITDA (TTM) SAABY : SEK 9.44B NGD.TO : $810.05M

Return for Risk

SAABY vs. NGD.TO — Risk / Return Rank

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

SAABY

SAABY Risk / Return Rank: 54
SAABY Sharpe Ratio Rank: 56
SAABY Sortino Ratio Rank: 53
SAABY Omega Ratio Rank: 50
SAABY Calmar Ratio Rank: 54
SAABY Martin Ratio Rank: 56

NGD.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SAABY vs. NGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saab AB (publ) (SAABY) and New Gold Inc. (NGD.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.

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.

	SAABY	NGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.36	—	—
Sortino ratio: Return per unit of downside risk	0.87	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.46	—	—
Martin ratio: Return relative to average drawdown	1.14	—	—

Drawdowns

Drawdown Indicators

	SAABY	NGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-52.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-37.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-37.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.04%	—	—
Current Drawdown Current decline from peak	-31.92%	—	—
Average Drawdown Average peak-to-trough decline	-16.96%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.01%	—	—

Volatility

Volatility by Period

	SAABY	NGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.86%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.50%	—	—

Dividends

SAABY vs. NGD.TO - Dividend Comparison

SAABY's dividend yield for the trailing twelve months is around 0.43%, while NGD.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
NGD.TO New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SAABY Saab AB (publ)	0.43%	0.36%	0.73%	0.84%	1.24%	2.19%

Financials

Frequently Asked Questions

Can I hold both SAABY and NGD.TO in my portfolio?

SAABY and NGD.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.