NFG vs. PEP
NFG (National Fuel Gas Company) and PEP (PepsiCo, Inc.) are both stocks. NFG operates in Oil & Gas Integrated (Energy), while PEP operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, NFG returned 6.84%/yr vs 6.62%/yr for PEP. At a 0.22 correlation, their price movements are largely independent.
Performance
NFG vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, NFG achieves a -2.59% return, which is significantly lower than PEP's 2.49% return. Both investments have delivered pretty close results over the past 10 years, with NFG having a 6.84% annualized return and PEP not far behind at 6.62%.
NFG
- 1D
- 0.98%
- 1M
- -4.53%
- YTD
- -2.59%
- 6M
- -4.55%
- 1Y
- -5.57%
- 3Y*
- 18.18%
- 5Y*
- 10.46%
- 10Y*
- 6.84%
PEP
- 1D
- 0.38%
- 1M
- -2.23%
- YTD
- 2.49%
- 6M
- -2.36%
- 1Y
- 14.62%
- 3Y*
- -4.09%
- 5Y*
- 2.73%
- 10Y*
- 6.62%
NFG vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFG National Fuel Gas Company | -2.59% | 35.31% | 25.38% | -17.71% | 1.87% | 60.66% | -7.58% | -5.94% | -3.74% | -0.20% |
PEP PepsiCo, Inc. | 2.49% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between NFG and PEP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 1987 | 0.22 |
Fundamentals
NFG:
$7.27B
PEP:
$197.79B
NFG:
$7.46
PEP:
$6.37
NFG:
10.40
PEP:
22.64
NFG:
0.08
PEP:
7.83
NFG:
7.22
PEP:
2.07
NFG:
1.90
PEP:
9.25
NFG:
$988.24M
PEP:
$95.45B
NFG:
$576.67M
PEP:
$51.60B
NFG:
$1.41B
PEP:
$15.08B
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Return for Risk
NFG vs. PEP — Risk / Return Rank
NFG
PEP
NFG vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Fuel Gas Company (NFG) and PepsiCo, Inc. (PEP). 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 | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.12 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.83 | -1.10 |
| Martin ratioReturn relative to average drawdown | -0.58 | 2.11 | -2.68 |
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Drawdowns
NFG vs. PEP - Drawdown Comparison
The maximum NFG drawdown since its inception was -55.49%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for NFG and PEP.
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Drawdown Indicators
| NFG | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -73.92% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -16.25% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.45% | -29.17% | +8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.74% | -30.32% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | -30.32% | -13.96% |
Current DrawdownCurrent decline from peak | -19.20% | -17.75% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -13.65% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.67% | 6.37% | +3.30% |
Volatility
NFG vs. PEP - Volatility Comparison
National Fuel Gas Company (NFG) has a higher volatility of 5.73% compared to PepsiCo, Inc. (PEP) at 5.39%. This indicates that NFG's price experiences larger fluctuations and is considered to be riskier than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFG | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.39% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 14.62% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 21.71% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 18.39% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 19.67% | +4.36% |
Dividends
NFG vs. PEP - Dividend Comparison
NFG's dividend yield for the trailing twelve months is around 2.76%, less than PEP's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFG National Fuel Gas Company | 2.76% | 2.65% | 3.36% | 3.91% | 2.97% | 2.83% | 4.30% | 3.72% | 3.30% | 3.00% | 2.84% | 3.67% |
PEP PepsiCo, Inc. | 3.98% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
NFG vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between National Fuel Gas Company and PepsiCo, 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
NFG vs. PEP - 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%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.
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%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, resulting in an operating margin of 16.5%.
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%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.
Frequently Asked Questions
NFG and PEP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFG has higher volatility (5.73%) compared to PEP (5.39%). In terms of maximum drawdown, NFG dropped -55.49% vs PEP's -73.92%.
PEP currently has the higher Sharpe Ratio (0.62 vs -0.29), 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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