DNN vs. NOG
DNN (Denison Mines Corp) and NOG (Northern Oil and Gas, Inc.) are both stocks. Both are in the Energy sector — DNN in Uranium, NOG in Oil & Gas E&P. Over the past 10 years, DNN returned 19.36%/yr vs -6.56%/yr for NOG. At a 0.28 correlation, their price movements are largely independent.
Performance
DNN vs. NOG - Performance Comparison
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Returns By Period
In the year-to-date period, DNN achieves a 19.17% return, which is significantly higher than NOG's -7.88% return. Over the past 10 years, DNN has outperformed NOG with an annualized return of 19.36%, while NOG has yielded a comparatively lower -6.56% annualized return.
DNN
- 1D
- -3.06%
- 1M
- -1.86%
- YTD
- 19.17%
- 6M
- 14.44%
- 1Y
- 76.11%
- 3Y*
- 39.01%
- 5Y*
- 19.15%
- 10Y*
- 19.36%
NOG
- 1D
- 0.36%
- 1M
- -17.94%
- YTD
- -7.88%
- 6M
- -5.86%
- 1Y
- -28.46%
- 3Y*
- -10.71%
- 5Y*
- 3.17%
- 10Y*
- -6.56%
DNN vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNN Denison Mines Corp | 19.17% | 47.78% | 1.69% | 53.91% | -16.06% | 111.75% | 54.05% | -9.48% | -15.64% | 6.86% |
NOG Northern Oil and Gas, Inc. | -7.88% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
Correlation
The correlation between DNN and NOG is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.28 |
The correlation between DNN and NOG shifts across timeframes, from -0.04 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DNN:
$2.86B
NOG:
$1.92B
DNN:
-CA$0.28
NOG:
-$6.32
DNN:
935.78
NOG:
1.26
DNN:
15.60
NOG:
1.08
DNN:
CA$4.34M
NOG:
$1.52B
DNN:
-CA$12.87M
NOG:
$450.66M
DNN:
-CA$155.36M
NOG:
$73.21M
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Return for Risk
DNN vs. NOG — Risk / Return Rank
DNN
NOG
DNN vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp (DNN) 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.
| DNN | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.92 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.78 | +2.96 |
| Martin ratioReturn relative to average drawdown | 5.33 | -1.37 | +6.70 |
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Drawdowns
DNN vs. NOG - Drawdown Comparison
The maximum DNN drawdown since its inception was -98.96%, roughly equal to the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for DNN and NOG.
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Drawdown Indicators
| DNN | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -98.96% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -35.24% | -36.42% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -52.48% | -51.36% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -55.66% | -51.36% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -75.90% | -93.00% | +17.10% |
Current DrawdownCurrent decline from peak | -83.56% | -92.66% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -85.05% | -69.77% | -15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.33% | 20.76% | -6.43% |
Volatility
DNN vs. NOG - Volatility Comparison
Denison Mines Corp (DNN) has a higher volatility of 20.71% compared to Northern Oil and Gas, Inc. (NOG) at 12.36%. This indicates that DNN's price experiences larger fluctuations and is considered to be riskier than NOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNN | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.71% | 12.36% | +8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 46.23% | 31.00% | +15.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.36% | 44.69% | +15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.45% | 49.19% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.32% | 70.57% | -6.25% |
Dividends
DNN vs. NOG - Dividend Comparison
DNN has not paid dividends to shareholders, while NOG's dividend yield for the trailing twelve months is around 9.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DNN Denison Mines Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 9.24% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
Financials
DNN vs. NOG - Financials Comparison
This section allows you to compare key financial metrics between Denison Mines Corp 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
DNN and NOG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNN has higher volatility (20.71%) compared to NOG (12.36%). In terms of maximum drawdown, DNN dropped -98.96% vs NOG's -98.96%.
DNN currently has the higher Sharpe Ratio (1.27 vs -0.64), 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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