NOG vs. DNN
NOG (Northern Oil and Gas, Inc.) and DNN (Denison Mines Corp) are both stocks. Both are in the Energy sector — NOG in Oil & Gas E&P, DNN in Uranium. Over the past 10 years, NOG returned -4.75%/yr vs 20.73%/yr for DNN. At a 0.28 correlation, their price movements are largely independent.
Performance
NOG vs. DNN - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a 4.51% return, which is significantly lower than DNN's 28.57% return. Over the past 10 years, NOG has underperformed DNN with an annualized return of -4.75%, while DNN has yielded a comparatively higher 20.73% annualized return.
NOG
- 1D
- 0.32%
- 1M
- -17.50%
- YTD
- 4.51%
- 6M
- -4.15%
- 1Y
- -17.97%
- 3Y*
- -6.21%
- 5Y*
- 7.63%
- 10Y*
- -4.75%
DNN
- 1D
- -6.81%
- 1M
- -9.04%
- YTD
- 28.57%
- 6M
- 26.67%
- 1Y
- 102.37%
- 3Y*
- 42.98%
- 5Y*
- 20.08%
- 10Y*
- 20.73%
NOG vs. DNN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 4.51% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
DNN Denison Mines Corp | 28.57% | 47.78% | 1.69% | 53.91% | -16.06% | 111.75% | 54.05% | -9.48% | -15.64% | 6.86% |
Correlation
The correlation between NOG and DNN is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2007 | 0.28 |
The correlation between NOG and DNN shifts across timeframes, from -0.03 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NOG:
$2.18B
DNN:
$3.09B
NOG:
-$6.32
DNN:
-$0.28
NOG:
1.43
DNN:
710.40
NOG:
1.22
DNN:
11.84
NOG:
$1.52B
DNN:
$4.34M
NOG:
$450.66M
DNN:
-$12.87M
NOG:
$73.21M
DNN:
-$155.36M
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Return for Risk
NOG vs. DNN — Risk / Return Rank
NOG
DNN
NOG vs. DNN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and Denison Mines Corp (DNN). 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.
| NOG | DNN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.49 | -4.02 |
| Martin ratioReturn relative to average drawdown | -0.88 | 8.03 | -8.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOG | DNN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 1.70 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.32 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.32 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.07 | +0.04 |
Drawdowns
NOG vs. DNN - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, roughly equal to the maximum DNN drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for NOG and DNN.
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Drawdown Indicators
| NOG | DNN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -98.96% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -34.26% | -29.50% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -51.36% | -52.48% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -51.36% | -55.66% | +4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -93.06% | -75.90% | -17.16% |
Current DrawdownCurrent decline from peak | -91.67% | -82.26% | -9.41% |
Average DrawdownAverage peak-to-trough decline | -69.72% | -85.07% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.34% | 12.80% | +7.54% |
Volatility
NOG vs. DNN - Volatility Comparison
The current volatility for Northern Oil and Gas, Inc. (NOG) is 13.35%, while Denison Mines Corp (DNN) has a volatility of 17.16%. This indicates that NOG experiences smaller price fluctuations and is considered to be less risky than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | DNN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.35% | 17.16% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 45.08% | -13.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.11% | 61.44% | -16.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.10% | 63.44% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.67% | 64.19% | +6.48% |
Dividends
NOG vs. DNN - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.14%, while DNN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DNN Denison Mines Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 8.14% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
Financials
NOG vs. DNN - Financials Comparison
This section allows you to compare key financial metrics between Northern Oil and Gas, Inc. and Denison Mines Corp. 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 DNN have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNN has higher volatility (17.16%) compared to NOG (13.35%). In terms of maximum drawdown, NOG dropped -98.96% vs DNN's -98.96%.
DNN currently has the higher Sharpe Ratio (1.70 vs -0.40), 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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