ETN vs. NOG
ETN (Eaton Corporation plc) and NOG (Northern Oil and Gas, Inc.) are both stocks. ETN operates in Specialty Industrial Machinery (Industrials), while NOG operates in Oil & Gas E&P (Energy). Over the past 10 years, ETN returned 23.41%/yr vs -5.15%/yr for NOG. At a 0.32 correlation, their price movements are largely independent.
Performance
ETN vs. NOG - Performance Comparison
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Returns By Period
In the year-to-date period, ETN achieves a 24.32% return, which is significantly higher than NOG's -3.48% return. Over the past 10 years, ETN has outperformed NOG with an annualized return of 23.41%, while NOG has yielded a comparatively lower -5.15% annualized return.
ETN
- 1D
- 4.84%
- 1M
- -1.96%
- YTD
- 24.32%
- 6M
- 13.01%
- 1Y
- 22.25%
- 3Y*
- 29.25%
- 5Y*
- 23.79%
- 10Y*
- 23.41%
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%
ETN vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 24.32% | -2.79% | 39.51% | 56.22% | -7.18% | 46.70% | 29.88% | 42.76% | -10.04% | 21.54% |
NOG Northern Oil and Gas, Inc. | -3.48% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
Correlation
The correlation between ETN and NOG is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.32 |
The correlation between ETN and NOG shifts across timeframes, from -0.02 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ETN:
$153.20B
NOG:
$2.01B
ETN:
$10.22
NOG:
-$6.32
ETN:
5.39
NOG:
1.32
ETN:
7.75
NOG:
1.13
ETN:
$28.52B
NOG:
$1.52B
ETN:
$7.87B
NOG:
$450.66M
ETN:
$4.75B
NOG:
$73.21M
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Return for Risk
ETN vs. NOG — Risk / Return Rank
ETN
NOG
ETN vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) 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.
| ETN | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.91 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.87 | +2.04 |
| Martin ratioReturn relative to average drawdown | 2.52 | -1.43 | +3.95 |
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Drawdowns
ETN vs. NOG - Drawdown Comparison
The maximum ETN drawdown since its inception was -68.95%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for ETN and NOG.
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Drawdown Indicators
| ETN | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.95% | -98.96% | +30.01% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -34.26% | +15.12% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -51.36% | +16.90% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -51.36% | +16.90% |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | -93.06% | +48.51% |
Current DrawdownCurrent decline from peak | -8.84% | -92.31% | +83.47% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -69.73% | +54.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.84% | 20.88% | -12.04% |
Volatility
ETN vs. NOG - Volatility Comparison
Eaton Corporation plc (ETN) and Northern Oil and Gas, Inc. (NOG) have volatilities of 13.64% and 13.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETN | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.64% | 13.29% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 26.97% | 31.99% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.47% | 44.90% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.25% | 49.16% | -18.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 70.62% | -40.52% |
Dividends
ETN vs. NOG - Dividend Comparison
ETN's dividend yield for the trailing twelve months is around 1.09%, less than NOG's 8.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.09% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
NOG Northern Oil and Gas, Inc. | 8.81% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ETN vs. NOG - Financials Comparison
This section allows you to compare key financial metrics between Eaton Corporation plc 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
ETN and NOG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETN has higher volatility (13.64%) compared to NOG (13.29%). In terms of maximum drawdown, ETN dropped -68.95% vs NOG's -98.96%.
ETN currently has the higher Sharpe Ratio (0.67 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.
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