NOG vs. COMT
NOG (Northern Oil and Gas, Inc.) is a stock, while COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) is Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Over the past 10 years, NOG returned -7.03%/yr vs 7.87%/yr for COMT. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
NOG vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a -10.36% return, which is significantly lower than COMT's 26.00% return. Over the past 10 years, NOG has underperformed COMT with an annualized return of -7.03%, while COMT has yielded a comparatively higher 7.87% annualized return.
NOG
- 1D
- -1.44%
- 1M
- -7.12%
- 6M
- -12.00%
- YTD
- -10.36%
- 1Y
- -35.02%
- 3Y*
- -14.51%
- 5Y*
- 3.47%
- 10Y*
- -7.03%
COMT
- 1D
- -0.17%
- 1M
- -4.70%
- 6M
- 23.49%
- YTD
- 26.00%
- 1Y
- 27.75%
- 3Y*
- 11.57%
- 5Y*
- 11.09%
- 10Y*
- 7.87%
NOG vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | -10.36% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 26.00% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between NOG and COMT is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.55 |
The correlation between NOG and COMT has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
NOG vs. COMT — Risk / Return Rank
NOG
COMT
NOG vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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 | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.24 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.66 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.62 | 5.78 | -7.40 |
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Drawdowns
NOG vs. COMT - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for NOG and COMT.
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Drawdown Indicators
| NOG | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -51.89% | -47.07% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -17.57% | -23.86% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | -17.57% | -37.51% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | -29.00% | -26.08% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -39.22% | -53.76% |
Current DrawdownCurrent decline from peak | -92.85% | -14.13% | -78.72% |
Average DrawdownAverage peak-to-trough decline | -69.82% | -23.97% | -45.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 5.05% | +16.73% |
Volatility
NOG vs. COMT - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 14.14% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.68%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 5.68% | +8.46% |
Volatility (6M)Calculated over the trailing 6-month period | 32.39% | 19.60% | +12.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.38% | 21.45% | +23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.25% | 21.17% | +28.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 18.84% | +51.73% |
Dividends
NOG vs. COMT - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 9.72%, more than COMT's 6.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.14% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
NOG Northern Oil and Gas, Inc. | 9.72% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NOG and COMT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (14.14%) compared to COMT (5.68%). In terms of maximum drawdown, NOG dropped -98.96% vs COMT's -51.89%.
COMT currently has the higher Sharpe Ratio (1.36 vs -0.78), 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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