NFG vs. MOD
NFG (National Fuel Gas Company) and MOD (Modine Manufacturing Company) are both stocks. NFG operates in Oil & Gas Integrated (Energy), while MOD operates in Auto Parts (Consumer Cyclical). Over the past 10 years, NFG returned 6.57%/yr vs 39.33%/yr for MOD. At a 0.27 correlation, their price movements are largely independent.
Performance
NFG vs. MOD - Performance Comparison
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Returns By Period
In the year-to-date period, NFG achieves a -4.09% return, which is significantly lower than MOD's 106.15% return. Over the past 10 years, NFG has underperformed MOD with an annualized return of 6.57%, while MOD has yielded a comparatively higher 39.33% annualized return.
NFG
- 1D
- -1.38%
- 1M
- -3.99%
- YTD
- -4.09%
- 6M
- -5.13%
- 1Y
- -5.21%
- 3Y*
- 16.94%
- 5Y*
- 10.37%
- 10Y*
- 6.57%
MOD
- 1D
- -0.46%
- 1M
- 0.82%
- YTD
- 106.15%
- 6M
- 78.85%
- 1Y
- 193.99%
- 3Y*
- 104.57%
- 5Y*
- 73.77%
- 10Y*
- 39.33%
NFG vs. MOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFG National Fuel Gas Company | -4.09% | 35.31% | 25.38% | -17.71% | 1.87% | 60.66% | -7.58% | -5.94% | -3.74% | -0.20% |
MOD Modine Manufacturing Company | 106.15% | 15.16% | 94.19% | 200.60% | 96.83% | -19.67% | 63.12% | -28.77% | -46.49% | 35.57% |
Correlation
The correlation between NFG and MOD is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
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 Mar 26, 1990 | 0.27 |
The correlation between NFG and MOD shifts across timeframes, from -0.07 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NFG:
$7.16B
MOD:
$14.86B
NFG:
$7.46
MOD:
$4.66
NFG:
10.23
MOD:
59.05
NFG:
0.08
MOD:
3.81
NFG:
7.11
MOD:
4.64
NFG:
1.87
MOD:
12.36
NFG:
$988.24M
MOD:
$3.18B
NFG:
$576.67M
MOD:
$731.10M
NFG:
$1.41B
MOD:
$276.90M
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Return for Risk
NFG vs. MOD — Risk / Return Rank
NFG
MOD
NFG vs. MOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Fuel Gas Company (NFG) and Modine Manufacturing Company (MOD). 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.
| NFG | MOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.42 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 7.09 | -7.34 |
| Martin ratioReturn relative to average drawdown | -0.56 | 20.47 | -21.03 |
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
| NFG | MOD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 2.94 | -3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 1.23 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.67 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.21 | +0.17 |
Drawdowns
NFG vs. MOD - Drawdown Comparison
The maximum NFG drawdown since its inception was -55.49%, smaller than the maximum MOD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for NFG and MOD.
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Drawdown Indicators
| NFG | MOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -97.53% | +42.04% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -27.55% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.45% | -51.61% | +31.16% |
Max Drawdown (5Y)Largest decline over 5 years | -35.74% | -56.14% | +20.40% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | -88.13% | +43.85% |
Current DrawdownCurrent decline from peak | -20.45% | -10.32% | -10.13% |
Average DrawdownAverage peak-to-trough decline | -14.30% | -37.67% | +23.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 9.52% | -0.17% |
Volatility
NFG vs. MOD - Volatility Comparison
The current volatility for National Fuel Gas Company (NFG) is 5.75%, while Modine Manufacturing Company (MOD) has a volatility of 24.73%. This indicates that NFG experiences smaller price fluctuations and is considered to be less risky than MOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFG | MOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 24.73% | -18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.13% | 52.64% | -38.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 66.47% | -46.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 60.28% | -38.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 58.81% | -34.76% |
Dividends
NFG vs. MOD - Dividend Comparison
NFG's dividend yield for the trailing twelve months is around 2.80%, while MOD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFG National Fuel Gas Company | 2.80% | 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. MOD - Financials Comparison
This section allows you to compare key financial metrics between National Fuel Gas Company and Modine Manufacturing 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. MOD - Profitability Comparison
NFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported a gross profit of -300.89M and revenue of -651.51M. Therefore, the gross margin over that period was 46.2%.
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
NFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported an operating income of 347.14M and revenue of -651.51M, resulting in an operating margin of -53.3%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
NFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported a net income of 247.67M and revenue of -651.51M, resulting in a net margin of -38.0%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
Frequently Asked Questions
NFG and MOD have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOD has higher volatility (24.73%) compared to NFG (5.75%). In terms of maximum drawdown, NFG dropped -55.49% vs MOD's -97.53%.
MOD currently has the higher Sharpe Ratio (2.94 vs -0.26), 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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