USAR vs. NB

Last updated Apr 1, 2026

Compare and contrast key facts about USA Rare Earth, Inc (USAR) and NioCorp Developments Ltd. Common Stock (NB).

Performance

USAR vs. NB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USA Rare Earth, Inc (USAR) and NioCorp Developments Ltd. Common Stock (NB). The values are adjusted to include any dividend payments, if applicable.

USAR vs. NB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USAR USA Rare Earth, Inc	27.18%	3.66%	11.13%	2.58%
NB NioCorp Developments Ltd. Common Stock	-15.85%	241.94%	-51.41%	-34.63%

Fundamentals

EPS USAR : -$4.57 NB : -$0.69
Total Revenue (TTM) USAR : $314.13M NB : $0.00
Gross Profit (TTM) USAR : $254.80M NB : -$1.00K
EBITDA (TTM) USAR : -$50.51M NB : -$58.87M

Returns By Period

In the year-to-date period, USAR achieves a 27.18% return, which is significantly higher than NB's -15.85% return.

USAR

• 1D: 6.36%
• 1M: -19.92%
• YTD: 27.18%
• 6M: -11.95%
• 1Y: 154.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NB

• 1D: 6.44%
• 1M: -15.85%
• YTD: -15.85%
• 6M: -33.23%
• 1Y: 126.40%
• 3Y*: -11.16%
• 5Y*: —
• 10Y*: —

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

Return for Risk

USAR vs. NB — Risk / Return Rank

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

USAR

USAR Risk / Return Rank: 79
USAR Sharpe Ratio Rank: 78
USAR Sortino Ratio Rank: 85
USAR Omega Ratio Rank: 77
USAR Calmar Ratio Rank: 80
USAR Martin Ratio Rank: 73

NB

NB Risk / Return Rank: 75
NB Sharpe Ratio Rank: 77
NB Sortino Ratio Rank: 79
NB Omega Ratio Rank: 75
NB Calmar Ratio Rank: 75
NB Martin Ratio Rank: 68

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.

USAR vs. NB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USA Rare Earth, Inc (USAR) and NioCorp Developments Ltd. Common Stock (NB). 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.

	USAR	NB	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.10	+0.03
Sortino ratio Return per unit of downside risk	2.35	2.02	+0.33
Omega ratio Gain probability vs. loss probability	1.25	1.25	+0.01
Calmar ratio Return relative to maximum drawdown	2.23	1.80	+0.43
Martin ratio Return relative to average drawdown	3.82	3.09	+0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAR vs. NB - Sharpe Ratio Comparison

The current USAR Sharpe Ratio is 1.13, which is comparable to the NB Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of USAR and NB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USAR	NB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.10	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.18	+0.33

Correlation

The correlation between USAR and NB is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

USAR vs. NB - Dividend Comparison

Neither USAR nor NB has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

USAR vs. NB - Drawdown Comparison

The maximum USAR drawdown since its inception was -69.23%, smaller than the maximum NB drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for USAR and NB.

Drawdown Indicators

	USAR	NB	Difference
Max Drawdown Largest peak-to-trough decline	-69.23%	-82.83%	+13.60%
Max Drawdown (1Y) Largest decline over 1 year	-69.23%	-64.10%	-5.13%
Current Drawdown Current decline from peak	-60.87%	-61.78%	+0.91%
Average Drawdown Average peak-to-trough decline	-17.18%	-56.29%	+39.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.38%	37.31%	+3.07%

Volatility

USAR vs. NB - Volatility Comparison

USA Rare Earth, Inc (USAR) has a higher volatility of 25.45% compared to NioCorp Developments Ltd. Common Stock (NB) at 19.72%. This indicates that USAR's price experiences larger fluctuations and is considered to be riskier than NB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USAR	NB	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.45%	19.72%	+5.73%
Volatility (6M) Calculated over the trailing 6-month period	88.99%	78.03%	+10.96%
Volatility (1Y) Calculated over the trailing 1-year period	137.64%	115.82%	+21.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.05%	91.94%	+12.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.05%	91.94%	+12.11%

Financials