CRC vs. NOG
CRC (California Resources Corporation) and NOG (Northern Oil and Gas, Inc.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 5 years, CRC returned 14.04%/yr vs 5.51%/yr for NOG. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
CRC vs. NOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRC achieves a 28.87% return, which is significantly higher than NOG's -3.48% return.
CRC
- 1D
- -3.41%
- 1M
- -4.09%
- YTD
- 28.87%
- 6M
- 22.22%
- 1Y
- 26.74%
- 3Y*
- 14.50%
- 5Y*
- 14.04%
- 10Y*
- —
NOG
- 1D
- -4.36%
- 1M
- -14.45%
- YTD
- -3.48%
- 6M
- -9.31%
- 1Y
- -29.75%
- 3Y*
- -9.64%
- 5Y*
- 5.51%
- 10Y*
- -5.15%
CRC vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRC California Resources Corporation | 28.87% | -10.78% | -2.57% | 28.85% | 3.69% | 81.82% | 18.25% |
NOG Northern Oil and Gas, Inc. | -3.48% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | 112.11% |
Correlation
The correlation between CRC and NOG is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.65 |
The correlation between CRC and NOG has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
Fundamentals
CRC:
$4.17
NOG:
-$6.32
CRC:
1.42
NOG:
1.32
CRC:
$3.48B
NOG:
$1.52B
CRC:
$1.30B
NOG:
$450.66M
CRC:
$1.34B
NOG:
$73.21M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRC vs. NOG — Risk / Return Rank
CRC
NOG
CRC vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for California Resources Corporation (CRC) and Northern Oil and Gas, Inc. (NOG). 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.
| CRC | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.91 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.87 | +1.99 |
| Martin ratioReturn relative to average drawdown | 2.32 | -1.43 | +3.75 |
Loading charts...
Drawdowns
CRC vs. NOG - Drawdown Comparison
The maximum CRC drawdown since its inception was -44.75%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for CRC and NOG.
Loading charts...
Drawdown Indicators
| CRC | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -98.96% | +54.21% |
Max Drawdown (1Y)Largest decline over 1 year | -24.04% | -34.26% | +10.22% |
Max Drawdown (3Y)Largest decline over 3 years | -44.75% | -51.36% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -44.75% | -51.36% | +6.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.06% | — |
Current DrawdownCurrent decline from peak | -18.38% | -92.31% | +73.93% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -69.73% | +57.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.55% | 20.88% | -9.33% |
Volatility
CRC vs. NOG - Volatility Comparison
The current volatility for California Resources Corporation (CRC) is 9.92%, while Northern Oil and Gas, Inc. (NOG) has a volatility of 13.29%. This indicates that CRC experiences smaller price fluctuations and is considered to be less risky than NOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRC | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 13.29% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 27.69% | 31.99% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 44.90% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.42% | 49.16% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.70% | 70.62% | -25.92% |
Dividends
CRC vs. NOG - Dividend Comparison
CRC's dividend yield for the trailing twelve months is around 2.82%, less than NOG's 8.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CRC California Resources Corporation | 2.82% | 3.51% | 2.69% | 2.12% | 1.82% | 0.40% |
NOG Northern Oil and Gas, Inc. | 8.81% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
Financials
CRC vs. NOG - Financials Comparison
This section allows you to compare key financial metrics between California Resources Corporation and Northern Oil and Gas, Inc.. 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
CRC and NOG have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (13.29%) compared to CRC (9.92%). In terms of maximum drawdown, CRC dropped -44.75% vs NOG's -98.96%.
CRC currently has the higher Sharpe Ratio (0.76 vs -0.67), 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.
Find the right allocation for CRC and NOG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer