NOG vs. CVX
NOG (Northern Oil and Gas, Inc.) and CVX (Chevron Corporation) are both stocks. Both are in the Energy sector — NOG in Oil & Gas E&P, CVX in Oil & Gas Integrated. Over the past 10 years, NOG returned -2.51%/yr vs 11.68%/yr for CVX. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
NOG vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a 2.37% return, which is significantly lower than CVX's 31.60% return. Over the past 10 years, NOG has underperformed CVX with an annualized return of -2.51%, while CVX has yielded a comparatively higher 11.68% annualized return.
NOG
- 1D
- 1.49%
- 1M
- 20.44%
- 6M
- -12.08%
- YTD
- 2.37%
- 1Y
- -18.99%
- 3Y*
- -13.95%
- 5Y*
- 9.05%
- 10Y*
- -2.51%
- ALL TIME*
- -2.08%
CVX
- 1D
- 2.35%
- 1M
- 18.79%
- 6M
- 13.38%
- YTD
- 31.60%
- 1Y
- 35.24%
- 3Y*
- 11.23%
- 5Y*
- 18.87%
- 10Y*
- 11.68%
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.44B | $1.41B | $1.67B | |
| $54.84M | $61.54M | $65.18M |
NOG vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 2.37% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
CVX Chevron Corporation | 31.60% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between NOG and CVX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.51 |
The correlation between NOG and CVX shifts across timeframes, from 0.51 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NOG:
$2.30B
CVX:
$392.09B
NOG:
-$6.34
CVX:
$10.42
NOG:
1.37
CVX:
1.86
NOG:
1.17
CVX:
2.05
NOG:
$1.52B
CVX:
$208.71B
NOG:
$450.66M
CVX:
$64.69B
NOG:
$73.21M
CVX:
$55.77B
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Return for Risk
NOG vs. CVX — Risk / Return Rank
NOG
CVX
NOG vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and Chevron Corporation (CVX). 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 | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.70 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.03 | 4.61 | -5.64 |
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Drawdowns
NOG vs. CVX - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for NOG and CVX.
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Drawdown Indicators
| NOG | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -55.77% | -43.19% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -20.81% | -20.62% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | -20.81% | -34.27% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | -24.95% | -30.13% |
Max Drawdown (10Y)Largest decline over 10 years | -92.15% | -55.77% | -36.38% |
Current DrawdownCurrent decline from peak | -91.84% | -5.93% | -85.91% |
Average DrawdownAverage peak-to-trough decline | -69.89% | -11.40% | -58.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.41% | 7.66% | +11.75% |
Volatility
NOG vs. CVX - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 16.52% compared to Chevron Corporation (CVX) at 6.84%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 6.84% | +9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 33.58% | 18.21% | +15.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.31% | 22.82% | +23.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 25.15% | +24.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.52% | 29.24% | +41.28% |
Dividends
NOG vs. CVX - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.51%, more than CVX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.55% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
NOG Northern Oil and Gas, Inc. | 8.51% | 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. CVX - Financials Comparison
This section allows you to compare key financial metrics between Northern Oil and Gas, Inc. and Chevron Corporation. 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 CVX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (16.52%) compared to CVX (6.84%). In terms of maximum drawdown, NOG dropped -98.96% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.55 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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