NFG vs. FUL
NFG (National Fuel Gas Company) and FUL (H.B. Fuller Company) are both stocks. NFG operates in Oil & Gas Integrated (Energy), while FUL operates in Specialty Chemicals (Basic Materials). Over the past 10 years, NFG returned 7.52%/yr vs 3.18%/yr for FUL. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
NFG vs. FUL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFG achieves a 4.13% return, which is significantly higher than FUL's -5.87% return. Over the past 10 years, NFG has outperformed FUL with an annualized return of 7.52%, while FUL has yielded a comparatively lower 3.18% annualized return.
NFG
- 1D
- -0.19%
- 1M
- 6.21%
- 6M
- -0.46%
- YTD
- 4.13%
- 1Y
- -2.75%
- 3Y*
- 19.99%
- 5Y*
- 13.33%
- 10Y*
- 7.52%
- ALL TIME*
- 9.48%
FUL
- 1D
- -0.14%
- 1M
- -3.03%
- 6M
- -6.87%
- YTD
- -5.87%
- 1Y
- -0.01%
- 3Y*
- -7.92%
- 5Y*
- -1.81%
- 10Y*
- 3.18%
- ALL TIME*
- 9.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.21M | $42.96M | $45.53M | |
| $58.89M | $56.86M | $61.39M |
NFG vs. FUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFG National Fuel Gas Company | 4.13% | 35.31% | 25.38% | -17.71% | 1.87% | 60.66% | -7.58% | -5.94% | -3.74% | -0.20% |
FUL H.B. Fuller Company | -5.87% | -10.46% | -16.19% | 14.97% | -10.59% | 57.84% | 2.15% | 22.42% | -19.84% | 12.79% |
Correlation
The correlation between NFG and FUL is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.29 |
Over the past year, the correlation between NFG and FUL has dropped to 0.00 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
NFG:
$7.82B
FUL:
$2.97B
NFG:
$7.24
FUL:
$3.36
NFG:
11.38
FUL:
16.47
NFG:
3.07
FUL:
0.87
NFG:
1.98
FUL:
1.46
NFG:
$2.50B
FUL:
$3.51B
NFG:
$1.23B
FUL:
$1.14B
NFG:
$1.52B
FUL:
$511.88M
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
NFG vs. FUL — Risk / Return Rank
NFG
FUL
NFG vs. FUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Fuel Gas Company (NFG) and H.B. Fuller Company (FUL). 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.
| NFG | FUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.00 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.24 | -0.00 | -0.24 |
Loading charts...
Drawdowns
NFG vs. FUL - Drawdown Comparison
The maximum NFG drawdown since its inception was -55.49%, smaller than the maximum FUL drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for NFG and FUL.
Loading charts...
Drawdown Indicators
| NFG | FUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -68.25% | +12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -26.97% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.93% | -43.45% | +22.52% |
Max Drawdown (5Y)Largest decline over 5 years | -35.74% | -43.45% | +7.71% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | -56.29% | +12.01% |
Current DrawdownCurrent decline from peak | -13.63% | -33.83% | +20.20% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -18.80% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.43% | 9.52% | +1.91% |
Volatility
NFG vs. FUL - Volatility Comparison
The current volatility for National Fuel Gas Company (NFG) is 6.54%, while H.B. Fuller Company (FUL) has a volatility of 8.05%. This indicates that NFG experiences smaller price fluctuations and is considered to be less risky than FUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NFG | FUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 8.05% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 27.24% | -12.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.62% | 33.78% | -14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 29.76% | -7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 31.21% | -7.16% |
Dividends
NFG vs. FUL - Dividend Comparison
NFG's dividend yield for the trailing twelve months is around 2.62%, more than FUL's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUL H.B. Fuller Company | 1.74% | 1.56% | 1.29% | 0.99% | 1.03% | 0.82% | 1.25% | 1.23% | 1.44% | 1.10% | 1.14% | 1.40% |
NFG National Fuel Gas Company | 2.62% | 2.65% | 3.36% | 3.91% | 2.97% | 2.83% | 4.30% | 3.72% | 3.30% | 3.00% | 2.84% | 3.67% |
Financials
NFG vs. FUL - Financials Comparison
This section allows you to compare key financial metrics between National Fuel Gas Company and H.B. Fuller Company. 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
NFG vs. FUL - Profitability Comparison
NFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, National Fuel Gas Company reported a gross profit of 231.42M and revenue of 537.50M. Therefore, the gross margin over that period was 43.1%.
FUL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, H.B. Fuller Company reported a gross profit of 322.24M and revenue of 950.27M. Therefore, the gross margin over that period was 33.9%.
NFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, National Fuel Gas Company reported an operating income of 208.94M and revenue of 537.50M, resulting in an operating margin of 38.9%.
FUL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, H.B. Fuller Company reported an operating income of 122.83M and revenue of 950.27M, resulting in an operating margin of 12.9%.
NFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, National Fuel Gas Company reported a net income of 138.62M and revenue of 537.50M, resulting in a net margin of 25.8%.
FUL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, H.B. Fuller Company reported a net income of 67.81M and revenue of 950.27M, resulting in a net margin of 7.1%.
Frequently Asked Questions
NFG and FUL have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUL has higher volatility (8.05%) compared to NFG (6.54%). In terms of maximum drawdown, NFG dropped -55.49% vs FUL's -68.25%.
FUL currently has the higher Sharpe Ratio (-0.00 vs -0.14), 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 NFG and FUL
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