AME vs. NFG
AME (AMETEK, Inc.) and NFG (National Fuel Gas Company) are both stocks. AME operates in Specialty Industrial Machinery (Industrials), while NFG operates in Oil & Gas Integrated (Energy). Over the past 10 years, AME returned 17.46%/yr vs 6.57%/yr for NFG. At a 0.29 correlation, their price movements are largely independent.
Performance
AME vs. NFG - Performance Comparison
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Returns By Period
In the year-to-date period, AME achieves a 10.23% return, which is significantly higher than NFG's -4.09% return. Over the past 10 years, AME has outperformed NFG with an annualized return of 17.46%, while NFG has yielded a comparatively lower 6.57% annualized return.
AME
- 1D
- -0.26%
- 1M
- -2.78%
- YTD
- 10.23%
- 6M
- 13.57%
- 1Y
- 27.52%
- 3Y*
- 15.24%
- 5Y*
- 11.46%
- 10Y*
- 17.46%
NFG
- 1D
- -1.38%
- 1M
- -3.99%
- YTD
- -4.09%
- 6M
- -5.13%
- 1Y
- -5.21%
- 3Y*
- 16.94%
- 5Y*
- 10.37%
- 10Y*
- 6.57%
AME vs. NFG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 10.23% | 14.66% | 10.01% | 18.81% | -4.33% | 22.32% | 22.19% | 48.27% | -5.89% | 49.98% |
NFG National Fuel Gas Company | -4.09% | 35.31% | 25.38% | -17.71% | 1.87% | 60.66% | -7.58% | -5.94% | -3.74% | -0.20% |
Correlation
The correlation between AME and NFG is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 1987 | 0.29 |
The correlation between AME and NFG shifts across timeframes, from -0.01 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AME:
$51.93B
NFG:
$7.16B
AME:
$6.62
NFG:
$7.46
AME:
34.14
NFG:
10.23
AME:
3.19
NFG:
0.08
AME:
6.86
NFG:
7.11
AME:
4.33
NFG:
1.87
AME:
$7.60B
NFG:
$988.24M
AME:
$2.06B
NFG:
$576.67M
AME:
$2.15B
NFG:
$1.41B
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Return for Risk
AME vs. NFG — Risk / Return Rank
AME
NFG
AME vs. NFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) and National Fuel Gas Company (NFG). 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.
| AME | NFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.97 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.26 | +2.29 |
| Martin ratioReturn relative to average drawdown | 6.57 | -0.56 | +7.13 |
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
| AME | NFG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | -0.26 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.47 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.27 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.39 | +0.10 |
Drawdowns
AME vs. NFG - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, roughly equal to the maximum NFG drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for AME and NFG.
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Drawdown Indicators
| AME | NFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -55.49% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -20.45% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -20.45% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -35.74% | +8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -44.28% | +1.56% |
Current DrawdownCurrent decline from peak | -6.39% | -20.45% | +14.06% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -14.30% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 9.35% | -5.15% |
Volatility
AME vs. NFG - Volatility Comparison
The current volatility for AMETEK, Inc. (AME) is 5.10%, while National Fuel Gas Company (NFG) has a volatility of 5.75%. This indicates that AME experiences smaller price fluctuations and is considered to be less risky than NFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AME | NFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 5.75% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 14.13% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 19.83% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 22.24% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 24.05% | +0.37% |
Dividends
AME vs. NFG - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.56%, less than NFG's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.56% | 0.60% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% |
NFG National Fuel Gas Company | 2.80% | 2.65% | 3.36% | 3.91% | 2.97% | 2.83% | 4.30% | 3.72% | 3.30% | 3.00% | 2.84% | 3.67% |
Financials
AME vs. NFG - Financials Comparison
This section allows you to compare key financial metrics between AMETEK, Inc. and National Fuel Gas Company. 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
AME vs. NFG - Profitability Comparison
AME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a gross profit of 0.00 and revenue of 1.93B. Therefore, the gross margin over that period was 0.0%.
NFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported a gross profit of -300.89M and revenue of -651.51M. Therefore, the gross margin over that period was 46.2%.
AME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported an operating income of 514.94M and revenue of 1.93B, resulting in an operating margin of 26.7%.
NFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported an operating income of 347.14M and revenue of -651.51M, resulting in an operating margin of -53.3%.
AME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a net income of 399.36M and revenue of 1.93B, resulting in a net margin of 20.7%.
NFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported a net income of 247.67M and revenue of -651.51M, resulting in a net margin of -38.0%.
Frequently Asked Questions
AME and NFG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFG has higher volatility (5.75%) compared to AME (5.10%). In terms of maximum drawdown, AME dropped -53.31% vs NFG's -55.49%.
AME currently has the higher Sharpe Ratio (1.27 vs -0.26), 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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