NOG vs. EMEQ
NOG (Northern Oil and Gas, Inc.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Equities fund actively managed by Nomura. Over the past year, NOG returned -10.93% vs 113.64% for EMEQ. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
NOG vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a 0.05% return, which is significantly lower than EMEQ's 55.77% return.
NOG
- 1D
- -2.27%
- 1M
- 15.15%
- 6M
- -10.24%
- YTD
- 0.05%
- 1Y
- -10.93%
- 3Y*
- -16.60%
- 5Y*
- 10.39%
- 10Y*
- -3.85%
- ALL TIME*
- -2.19%
EMEQ
- 1D
- 1.31%
- 1M
- -7.03%
- 6M
- 33.20%
- YTD
- 55.77%
- 1Y
- 113.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 65.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.80M | $8.80M | $11.41M | |
| $53.50M | $60.69M | $65.20M |
NOG vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 0.05% | -38.20% | 3.69% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 55.77% | 69.78% | -0.73% |
Correlation
The correlation between NOG and EMEQ is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -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 | -3.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 4.35 | -4.62 |
| Martin ratioReturn relative to average drawdown | -0.59 | 15.65 | -16.24 |
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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 -26.25%. 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% | -26.25% | -72.71% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -26.25% | -15.18% |
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 | -92.15% | — | — |
Current DrawdownCurrent decline from peak | -92.02% | -19.83% | -72.19% |
Average DrawdownAverage peak-to-trough decline | -69.89% | -4.70% | -65.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.63% | 7.29% | +11.34% |
Volatility
NOG vs. EMEQ - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 16.76% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 14.69%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier 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 | 16.76% | 14.69% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 33.64% | 37.55% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.08% | 40.45% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.13% | 34.13% | +15.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.52% | 34.13% | +36.39% |
Dividends
NOG vs. EMEQ - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.71%, more than EMEQ's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.77% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 8.71% | 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.
NOG has higher volatility (16.76%) compared to EMEQ (14.69%). In terms of maximum drawdown, NOG dropped -98.96% vs EMEQ's -26.25%.
EMEQ currently has the higher Sharpe Ratio (2.83 vs -0.24), 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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