NOG vs. AZZ
NOG (Northern Oil and Gas, Inc.) and AZZ (AZZ Inc.) are both stocks. NOG operates in Oil & Gas E&P (Energy), while AZZ operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, NOG returned -5.15%/yr vs 11.24%/yr for AZZ. At a 0.32 correlation, their price movements are largely independent.
Performance
NOG vs. AZZ - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a -3.48% return, which is significantly lower than AZZ's 40.52% return. Over the past 10 years, NOG has underperformed AZZ with an annualized return of -5.15%, while AZZ has yielded a comparatively higher 11.24% annualized return.
NOG
- 1D
- -4.36%
- 1M
- -14.45%
- YTD
- -3.48%
- 6M
- -9.31%
- 1Y
- -29.75%
- 3Y*
- -9.64%
- 5Y*
- 5.51%
- 10Y*
- -5.15%
AZZ
- 1D
- 7.05%
- 1M
- 1.38%
- YTD
- 40.52%
- 6M
- 37.23%
- 1Y
- 63.58%
- 3Y*
- 56.52%
- 5Y*
- 24.16%
- 10Y*
- 11.24%
NOG vs. AZZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | -3.48% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
AZZ AZZ Inc. | 40.52% | 31.89% | 42.35% | 46.82% | -26.09% | 18.10% | 5.34% | 15.65% | -19.88% | -19.00% |
Correlation
The correlation between NOG and AZZ is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.32 |
Over the past year, the correlation between NOG and AZZ has dropped to 0.02 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
NOG:
$2.01B
AZZ:
$4.53B
NOG:
-$6.32
AZZ:
$10.51
NOG:
1.32
AZZ:
2.75
NOG:
1.13
AZZ:
3.38
NOG:
$1.52B
AZZ:
$1.65B
NOG:
$450.66M
AZZ:
$394.96M
NOG:
$73.21M
AZZ:
$564.26M
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Return for Risk
NOG vs. AZZ — Risk / Return Rank
NOG
AZZ
NOG vs. AZZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and AZZ Inc. (AZZ). 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.
| NOG | AZZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.35 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.52 | -4.39 |
| Martin ratioReturn relative to average drawdown | -1.43 | 7.73 | -9.16 |
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Drawdowns
NOG vs. AZZ - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than AZZ's maximum drawdown of -77.87%. Use the drawdown chart below to compare losses from any high point for NOG and AZZ.
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Drawdown Indicators
| NOG | AZZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -77.87% | -21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -34.26% | -18.16% | -16.10% |
Max Drawdown (3Y)Largest decline over 3 years | -51.36% | -23.66% | -27.70% |
Max Drawdown (5Y)Largest decline over 5 years | -51.36% | -46.23% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -93.06% | -68.02% | -25.04% |
Current DrawdownCurrent decline from peak | -92.31% | 0.00% | -92.31% |
Average DrawdownAverage peak-to-trough decline | -69.73% | -31.96% | -37.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.88% | 8.26% | +12.62% |
Volatility
NOG vs. AZZ - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 13.29% compared to AZZ Inc. (AZZ) at 12.23%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than AZZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | AZZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 12.23% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 31.99% | 23.90% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 30.85% | +14.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 33.77% | +15.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.62% | 35.71% | +34.91% |
Dividends
NOG vs. AZZ - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.81%, more than AZZ's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZZ AZZ Inc. | 0.53% | 0.69% | 0.83% | 1.17% | 1.69% | 1.23% | 1.43% | 1.48% | 1.68% | 1.33% | 0.97% | 1.08% |
NOG Northern Oil and Gas, Inc. | 8.81% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NOG vs. AZZ - Financials Comparison
This section allows you to compare key financial metrics between Northern Oil and Gas, Inc. and AZZ 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
Frequently Asked Questions
NOG and AZZ have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (13.29%) compared to AZZ (12.23%). In terms of maximum drawdown, NOG dropped -98.96% vs AZZ's -77.87%.
AZZ currently has the higher Sharpe Ratio (2.07 vs -0.67), 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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