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 -29.94% vs 148.00% 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 -8.21% return, which is significantly lower than EMEQ's 77.86% return.
NOG
- 1D
- 0.57%
- 1M
- -18.23%
- YTD
- -8.21%
- 6M
- -7.06%
- 1Y
- -29.94%
- 3Y*
- -10.82%
- 5Y*
- 3.76%
- 10Y*
- -6.59%
EMEQ
- 1D
- -8.46%
- 1M
- 12.67%
- YTD
- 77.86%
- 6M
- 84.70%
- 1Y
- 148.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOG vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NOG Northern Oil and Gas, Inc. | -8.21% | -38.20% | 3.69% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 77.86% | 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 | -4.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.76 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.61 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 8.31 | -9.14 |
| Martin ratioReturn relative to average drawdown | -1.45 | 30.81 | -32.27 |
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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 | -36.42% | -17.91% | -18.51% |
Max Drawdown (3Y)Largest decline over 3 years | -51.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.00% | — | — |
Current DrawdownCurrent decline from peak | -92.68% | -8.46% | -84.22% |
Average DrawdownAverage peak-to-trough decline | -69.76% | -4.03% | -65.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.64% | 4.82% | +15.82% |
Volatility
NOG vs. EMEQ - Volatility Comparison
The current volatility for Northern Oil and Gas, Inc. (NOG) is 12.38%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 21.89%. 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 | 12.38% | 21.89% | -9.51% |
Volatility (6M)Calculated over the trailing 6-month period | 31.02% | 34.54% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.97% | 37.38% | +7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.19% | 32.96% | +16.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.58% | 32.96% | +37.62% |
Dividends
NOG vs. EMEQ - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 9.27%, more than EMEQ's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.55% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 9.27% | 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 (21.89%) compared to NOG (12.38%). In terms of maximum drawdown, NOG dropped -98.96% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (3.98 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.
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