NOG vs. EMEQ
NOG (Northern Oil and Gas, Inc.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, NOG returned -28.56% vs 112.52% for EMEQ. At a 0.08 correlation, their price movements are largely independent.
Performance
NOG vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a -1.45% return, which is significantly lower than EMEQ's 58.76% return.
NOG
- 1D
- 9.94%
- 1M
- 0.29%
- 6M
- -2.54%
- YTD
- -1.45%
- 1Y
- -28.56%
- 3Y*
- -11.20%
- 5Y*
- 7.71%
- 10Y*
- -5.72%
EMEQ
- 1D
- -6.63%
- 1M
- -6.68%
- 6M
- 46.07%
- YTD
- 58.76%
- 1Y
- 112.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOG vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NOG Northern Oil and Gas, Inc. | -1.45% | -38.20% | 3.69% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 58.76% | 69.78% | -0.73% |
Correlation
The correlation between NOG and EMEQ 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 (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.08 |
The correlation between NOG and EMEQ shifts across timeframes, from -0.02 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOG vs. EMEQ — Risk / Return Rank
NOG
EMEQ
NOG vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and Nomura Focused Emerging Markets Equity ETF (EMEQ). 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 | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.47 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 6.19 | -6.88 |
| Martin ratioReturn relative to average drawdown | -1.41 | 20.60 | -22.01 |
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Drawdowns
NOG vs. EMEQ - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for NOG and EMEQ.
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Drawdown Indicators
| NOG | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -19.99% | -78.97% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -18.29% | -23.14% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.66% | — | — |
Current DrawdownCurrent decline from peak | -92.14% | -18.29% | -73.85% |
Average DrawdownAverage peak-to-trough decline | -69.83% | -4.22% | -65.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.82% | 5.48% | +16.34% |
Volatility
NOG vs. EMEQ - Volatility Comparison
The current volatility for Northern Oil and Gas, Inc. (NOG) is 17.00%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 19.40%. This indicates that NOG experiences smaller price fluctuations and is considered to be less risky than EMEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.00% | 19.40% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 33.20% | 36.21% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.58% | 38.86% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.46% | 33.59% | +15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.62% | 33.59% | +37.03% |
Dividends
NOG vs. EMEQ - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.84%, more than EMEQ's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.74% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 8.84% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
Frequently Asked Questions
NOG and EMEQ 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.
EMEQ has higher volatility (19.40%) compared to NOG (17.00%). In terms of maximum drawdown, NOG dropped -98.96% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (2.92 vs -0.62), 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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