NOA vs. USAC
NOA (North American Construction Group Ltd) and USAC (USA Compression Partners, LP) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, NOA returned 18.36%/yr vs 19.00%/yr for USAC. At a 0.27 correlation, their price movements are largely independent.
Performance
NOA vs. USAC - Performance Comparison
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Returns By Period
In the year-to-date period, NOA achieves a -4.32% return, which is significantly lower than USAC's 15.71% return. Both investments have delivered pretty close results over the past 10 years, with NOA having a 18.36% annualized return and USAC not far ahead at 19.00%.
NOA
- 1D
- 0.44%
- 1M
- -7.67%
- YTD
- -4.32%
- 6M
- -0.73%
- 1Y
- -20.67%
- 3Y*
- -10.21%
- 5Y*
- -2.31%
- 10Y*
- 18.36%
USAC
- 1D
- 2.00%
- 1M
- -12.13%
- YTD
- 15.71%
- 6M
- 16.06%
- 1Y
- 11.72%
- 3Y*
- 19.60%
- 5Y*
- 20.56%
- 10Y*
- 19.00%
NOA vs. USAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | -4.32% | -31.98% | 5.16% | 58.49% | -9.78% | 54.32% | -17.24% | 37.27% | 81.63% | 30.91% |
USAC USA Compression Partners, LP | 15.71% | 6.38% | 12.67% | 28.80% | 25.91% | 45.90% | -10.09% | 57.91% | -11.29% | 8.05% |
Correlation
The correlation between NOA and USAC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2013 | 0.27 |
Fundamentals
NOA:
$387.09M
USAC:
$3.66B
NOA:
CA$1.09
USAC:
$1.01
NOA:
17.59
USAC:
25.23
NOA:
0.46
USAC:
3.01
NOA:
CA$1.26B
USAC:
$1.08B
NOA:
CA$166.23M
USAC:
$433.32M
NOA:
CA$324.24M
USAC:
$537.51M
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Return for Risk
NOA vs. USAC — Risk / Return Rank
NOA
USAC
NOA vs. USAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North American Construction Group Ltd (NOA) and USA Compression Partners, LP (USAC). 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.
| NOA | USAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.10 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 0.68 | -1.41 |
| Martin ratioReturn relative to average drawdown | -1.46 | 2.52 | -3.98 |
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Drawdowns
NOA vs. USAC - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.59%, which is greater than USAC's maximum drawdown of -78.96%. Use the drawdown chart below to compare losses from any high point for NOA and USAC.
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Drawdown Indicators
| NOA | USAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -78.96% | -14.63% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -17.29% | -11.03% |
Max Drawdown (3Y)Largest decline over 3 years | -50.67% | -24.35% | -26.32% |
Max Drawdown (5Y)Largest decline over 5 years | -50.67% | -24.39% | -26.28% |
Max Drawdown (10Y)Largest decline over 10 years | -68.41% | -78.96% | +10.55% |
Current DrawdownCurrent decline from peak | -43.94% | -15.64% | -28.30% |
Average DrawdownAverage peak-to-trough decline | -55.65% | -12.71% | -42.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.00% | 4.67% | +12.33% |
Volatility
NOA vs. USAC - Volatility Comparison
North American Construction Group Ltd (NOA) and USA Compression Partners, LP (USAC) have volatilities of 9.92% and 9.61%, 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
| NOA | USAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 9.61% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 41.39% | 19.00% | +22.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.30% | 25.79% | +25.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 28.48% | +13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.91% | 42.80% | +3.11% |
Dividends
NOA vs. USAC - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 2.55%, less than USAC's 8.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | 2.55% | 2.39% | 1.42% | 1.54% | 1.84% | 0.85% | 1.21% | 0.74% | 0.73% | 1.62% | 2.08% | 4.62% |
USAC USA Compression Partners, LP | 8.22% | 9.13% | 8.91% | 9.20% | 10.75% | 12.03% | 15.44% | 11.58% | 16.18% | 12.70% | 12.14% | 18.06% |
Financials
NOA vs. USAC - Financials Comparison
This section allows you to compare key financial metrics between North American Construction Group Ltd and USA Compression Partners, LP. 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
NOA vs. USAC - Profitability Comparison
NOA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported a gross profit of 42.36M and revenue of 320.04M. Therefore, the gross margin over that period was 13.2%.
USAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, USA Compression Partners, LP reported a gross profit of 0.00 and revenue of 331.28M. Therefore, the gross margin over that period was 0.0%.
NOA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported an operating income of 21.87M and revenue of 320.04M, resulting in an operating margin of 6.8%.
USAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, USA Compression Partners, LP reported an operating income of 91.41M and revenue of 331.28M, resulting in an operating margin of 27.6%.
NOA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported a net income of 5.57M and revenue of 320.04M, resulting in a net margin of 1.7%.
USAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, USA Compression Partners, LP reported a net income of 38.34M and revenue of 331.28M, resulting in a net margin of 11.6%.
Frequently Asked Questions
NOA and USAC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOA has higher volatility (9.92%) compared to USAC (9.61%). In terms of maximum drawdown, NOA dropped -93.59% vs USAC's -78.96%.
USAC currently has the higher Sharpe Ratio (0.46 vs -0.41), 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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