DNOW vs. CHRD
DNOW (NOW Inc.) and CHRD (Chord Energy Corp) are both stocks. Both are in the Energy sector — DNOW in Oil & Gas Equipment & Services, CHRD in Oil & Gas E&P. Over the past 5 years, DNOW returned 3.55%/yr vs 20.23%/yr for CHRD. At a 0.47 correlation, their price movements are largely independent.
Performance
DNOW vs. CHRD - Performance Comparison
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Returns By Period
In the year-to-date period, DNOW achieves a -0.15% return, which is significantly lower than CHRD's 54.63% return.
DNOW
- 1D
- -0.53%
- 1M
- -1.42%
- YTD
- -0.15%
- 6M
- -6.70%
- 1Y
- -10.18%
- 3Y*
- 11.17%
- 5Y*
- 3.55%
- 10Y*
- -2.87%
CHRD
- 1D
- 1.91%
- 1M
- -4.96%
- YTD
- 54.63%
- 6M
- 49.52%
- 1Y
- 53.83%
- 3Y*
- 3.69%
- 5Y*
- 20.23%
- 10Y*
- —
DNOW vs. CHRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DNOW NOW Inc. | -0.15% | 1.84% | 14.93% | -10.87% | 48.71% | 18.94% | 27.99% |
CHRD Chord Energy Corp | 54.63% | -16.37% | -24.26% | 31.74% | 34.13% | 260.89% | 19.55% |
Correlation
The correlation between DNOW and CHRD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.47 |
The correlation between DNOW and CHRD shifts across timeframes, from 0.30 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DNOW:
$2.46B
CHRD:
$7.98B
DNOW:
-$1.02
CHRD:
-$1.17
DNOW:
0.54
CHRD:
1.51
DNOW:
1.15
CHRD:
0.99
DNOW:
$3.40B
CHRD:
$5.33B
DNOW:
$532.00M
CHRD:
$488.13M
DNOW:
-$121.00M
CHRD:
$1.62B
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Return for Risk
DNOW vs. CHRD — Risk / Return Rank
DNOW
CHRD
DNOW vs. CHRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NOW Inc. (DNOW) and Chord Energy Corp (CHRD). 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.
| DNOW | CHRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.20 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.61 | 4.81 | -5.42 |
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
| DNOW | CHRD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.44 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.51 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 1.10 | -1.24 |
Drawdowns
DNOW vs. CHRD - Drawdown Comparison
The maximum DNOW drawdown since its inception was -89.06%, which is greater than CHRD's maximum drawdown of -53.91%. Use the drawdown chart below to compare losses from any high point for DNOW and CHRD.
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Drawdown Indicators
| DNOW | CHRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.06% | -53.91% | -35.15% |
Max Drawdown (1Y)Largest decline over 1 year | -34.08% | -24.58% | -9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -36.78% | -53.91% | +17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -53.91% | +14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -82.46% | — | — |
Current DrawdownCurrent decline from peak | -64.43% | -16.11% | -48.32% |
Average DrawdownAverage peak-to-trough decline | -61.61% | -16.55% | -45.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.81% | 11.22% | +5.59% |
Volatility
DNOW vs. CHRD - Volatility Comparison
The current volatility for NOW Inc. (DNOW) is 7.85%, while Chord Energy Corp (CHRD) has a volatility of 11.49%. This indicates that DNOW experiences smaller price fluctuations and is considered to be less risky than CHRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNOW | CHRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 11.49% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 31.79% | 28.92% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.03% | 37.76% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.71% | 39.53% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.53% | 40.20% | +8.33% |
Dividends
DNOW vs. CHRD - Dividend Comparison
DNOW has not paid dividends to shareholders, while CHRD's dividend yield for the trailing twelve months is around 3.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CHRD Chord Energy Corp | 3.70% | 5.61% | 10.13% | 7.15% | 19.76% | 4.46% |
DNOW NOW Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
DNOW vs. CHRD - Financials Comparison
This section allows you to compare key financial metrics between NOW Inc. and Chord Energy Corp. 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
DNOW vs. CHRD - Profitability Comparison
DNOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NOW Inc. reported a gross profit of 193.00M and revenue of 1.18B. Therefore, the gross margin over that period was 16.3%.
CHRD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chord Energy Corp reported a gross profit of 0.00 and revenue of 1.67B. Therefore, the gross margin over that period was 0.0%.
DNOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NOW Inc. reported an operating income of -50.00M and revenue of 1.18B, resulting in an operating margin of -4.2%.
CHRD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chord Energy Corp reported an operating income of 333.22M and revenue of 1.67B, resulting in an operating margin of 20.0%.
DNOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NOW Inc. reported a net income of -44.00M and revenue of 1.18B, resulting in a net margin of -3.7%.
CHRD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chord Energy Corp reported a net income of 108.61M and revenue of 1.67B, resulting in a net margin of 6.5%.
Frequently Asked Questions
DNOW and CHRD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHRD has higher volatility (11.49%) compared to DNOW (7.85%). In terms of maximum drawdown, DNOW dropped -89.06% vs CHRD's -53.91%.
CHRD currently has the higher Sharpe Ratio (1.44 vs -0.25), 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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