NOG vs. IXC
NOG (Northern Oil and Gas, Inc.) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, NOG returned -7.03%/yr vs 8.83%/yr for IXC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
NOG vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a -10.36% return, which is significantly lower than IXC's 23.35% return. Over the past 10 years, NOG has underperformed IXC with an annualized return of -7.03%, while IXC has yielded a comparatively higher 8.83% annualized return.
NOG
- 1D
- -1.44%
- 1M
- -7.12%
- 6M
- -12.00%
- YTD
- -10.36%
- 1Y
- -35.02%
- 3Y*
- -14.51%
- 5Y*
- 3.47%
- 10Y*
- -7.03%
IXC
- 1D
- 0.51%
- 1M
- -4.24%
- 6M
- 20.68%
- YTD
- 23.35%
- 1Y
- 29.02%
- 3Y*
- 14.69%
- 5Y*
- 18.91%
- 10Y*
- 8.83%
NOG vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | -10.36% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between NOG and IXC is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.61 |
The correlation between NOG and IXC shifts across timeframes, from 0.61 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NOG vs. IXC — Risk / Return Rank
NOG
IXC
NOG vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.26 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.95 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.62 | 6.26 | -7.88 |
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Drawdowns
NOG vs. IXC - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for NOG and IXC.
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Drawdown Indicators
| NOG | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -67.88% | -31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -15.36% | -26.07% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | -19.06% | -36.02% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | -24.93% | -30.15% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -64.16% | -28.82% |
Current DrawdownCurrent decline from peak | -92.85% | -11.22% | -81.63% |
Average DrawdownAverage peak-to-trough decline | -69.82% | -17.45% | -52.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 4.78% | +17.00% |
Volatility
NOG vs. IXC - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 14.14% compared to iShares Global Energy ETF (IXC) at 6.59%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 6.59% | +7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 32.39% | 15.86% | +16.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.38% | 19.18% | +26.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.25% | 23.45% | +25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 26.81% | +43.76% |
Dividends
NOG vs. IXC - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 9.72%, more than IXC's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.08% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
NOG Northern Oil and Gas, Inc. | 9.72% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NOG and IXC have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (14.14%) compared to IXC (6.59%). In terms of maximum drawdown, NOG dropped -98.96% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (1.56 vs -0.78), 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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