IXC vs. NOG
IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while NOG (Northern Oil and Gas, Inc.) is a stock. Over the past 10 years, IXC returned 8.83%/yr vs -7.03%/yr for NOG. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
IXC vs. NOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IXC achieves a 23.35% return, which is significantly higher than NOG's -10.36% return. Over the past 10 years, IXC has outperformed NOG with an annualized return of 8.83%, while NOG has yielded a comparatively lower -7.03% annualized return.
IXC
- 1D
- 0.51%
- 1M
- -4.24%
- 6M
- 20.68%
- YTD
- 23.35%
- 1Y
- 29.02%
- 3Y*
- 14.69%
- 5Y*
- 18.91%
- 10Y*
- 8.83%
NOG
- 1D
- -1.44%
- 1M
- -7.12%
- 6M
- -12.00%
- YTD
- -10.36%
- 1Y
- -35.02%
- 3Y*
- -14.51%
- 5Y*
- 3.47%
- 10Y*
- -7.03%
IXC vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
NOG Northern Oil and Gas, Inc. | -10.36% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
Correlation
The correlation between IXC and NOG is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.61 |
The correlation between IXC and NOG shifts across timeframes, from 0.61 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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
IXC vs. NOG — Risk / Return Rank
IXC
NOG
IXC vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.
| IXC | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.89 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.85 | +2.80 |
| Martin ratioReturn relative to average drawdown | 6.26 | -1.62 | +7.88 |
Loading charts...
Drawdowns
IXC vs. NOG - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for IXC and NOG.
Loading charts...
Drawdown Indicators
| IXC | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -98.96% | +31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -41.43% | +26.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -55.08% | +36.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -55.08% | +30.15% |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | -92.98% | +28.82% |
Current DrawdownCurrent decline from peak | -11.22% | -92.85% | +81.63% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -69.82% | +52.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 21.78% | -17.00% |
Volatility
IXC vs. NOG - Volatility Comparison
The current volatility for iShares Global Energy ETF (IXC) is 6.59%, while Northern Oil and Gas, Inc. (NOG) has a volatility of 14.14%. This indicates that IXC 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
| IXC | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 14.14% | -7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 32.39% | -16.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 45.38% | -26.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 49.25% | -25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.81% | 70.57% | -43.76% |
Dividends
IXC vs. NOG - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.08%, less than NOG's 9.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.08% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
NOG Northern Oil and Gas, Inc. | 9.72% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IXC and NOG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (14.14%) compared to IXC (6.59%). In terms of maximum drawdown, IXC dropped -67.88% vs NOG's -98.96%.
IXC currently has the higher Sharpe Ratio (1.56 vs -0.78), 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 IXC 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