NOG vs. EME
NOG (Northern Oil and Gas, Inc.) and EME (EMCOR Group, Inc.) are both stocks. NOG operates in Oil & Gas E&P (Energy), while EME operates in Engineering & Construction (Industrials). Over the past 10 years, NOG returned -5.15%/yr vs 33.42%/yr for EME. At a 0.31 correlation, their price movements are largely independent.
Performance
NOG vs. EME - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NOG achieves a -3.48% return, which is significantly lower than EME's 32.79% return. Over the past 10 years, NOG has underperformed EME with an annualized return of -5.15%, while EME has yielded a comparatively higher 33.42% 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%
EME
- 1D
- 4.48%
- 1M
- -12.26%
- YTD
- 32.79%
- 6M
- 27.02%
- 1Y
- 72.30%
- 3Y*
- 67.28%
- 5Y*
- 45.46%
- 10Y*
- 33.42%
NOG vs. EME - 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% |
EME EMCOR Group, Inc. | 32.79% | 35.05% | 111.27% | 46.03% | 16.81% | 39.93% | 6.47% | 45.18% | -26.68% | 16.09% |
Correlation
The correlation between NOG and EME 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.31 |
Over the past year, the correlation between NOG and EME has dropped to 0.02 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
NOG:
$2.01B
EME:
$36.56B
NOG:
-$6.32
EME:
$29.65
NOG:
1.32
EME:
2.06
NOG:
1.13
EME:
9.46
NOG:
$1.52B
EME:
$17.75B
NOG:
$450.66M
EME:
$3.47B
NOG:
$73.21M
EME:
$2.03B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NOG vs. EME — Risk / Return Rank
NOG
EME
NOG vs. EME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and EMCOR Group, Inc. (EME). 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 | EME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.34 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.89 | -3.76 |
| Martin ratioReturn relative to average drawdown | -1.43 | 7.15 | -8.58 |
Loading charts...
Drawdowns
NOG vs. EME - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than EME's maximum drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for NOG and EME.
Loading charts...
Drawdown Indicators
| NOG | EME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -70.56% | -28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -34.26% | -25.15% | -9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -51.36% | -36.19% | -15.17% |
Max Drawdown (5Y)Largest decline over 5 years | -51.36% | -36.19% | -15.17% |
Max Drawdown (10Y)Largest decline over 10 years | -93.06% | -48.00% | -45.06% |
Current DrawdownCurrent decline from peak | -92.31% | -14.01% | -78.30% |
Average DrawdownAverage peak-to-trough decline | -69.73% | -15.36% | -54.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.88% | 10.14% | +10.74% |
Volatility
NOG vs. EME - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 13.29% compared to EMCOR Group, Inc. (EME) at 10.46%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than EME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NOG | EME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 10.46% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 31.99% | 26.52% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 38.61% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 33.45% | +15.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.62% | 33.04% | +37.58% |
Dividends
NOG vs. EME - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.81%, more than EME's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EME EMCOR Group, Inc. | 0.16% | 0.16% | 0.20% | 0.32% | 0.36% | 0.41% | 0.35% | 0.37% | 0.54% | 0.39% | 0.45% | 0.67% |
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. EME - Financials Comparison
This section allows you to compare key financial metrics between Northern Oil and Gas, Inc. and EMCOR Group, 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 EME 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 EME (10.46%). In terms of maximum drawdown, NOG dropped -98.96% vs EME's -70.56%.
EME currently has the higher Sharpe Ratio (1.88 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.
Find the right allocation for NOG and EME
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer