NOG vs. PIT
NOG (Northern Oil and Gas, Inc.) is a stock, while PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck. Over the past 3 years, NOG returned -14.51%/yr vs 19.03%/yr for PIT. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
NOG vs. PIT - 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 PIT's 29.50% 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%
PIT
- 1D
- -0.32%
- 1M
- -3.23%
- 6M
- 25.36%
- YTD
- 29.50%
- 1Y
- 40.55%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
NOG vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | -10.36% | -38.20% | 4.84% | 25.54% | -1.70% |
PIT VanEck Commodity Strategy ETF | 29.50% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between NOG and PIT is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.54 |
The correlation between NOG and PIT has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
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Return for Risk
NOG vs. PIT — Risk / Return Rank
NOG
PIT
NOG vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.34 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.48 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.62 | 8.70 | -10.32 |
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Drawdowns
NOG vs. PIT - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for NOG and PIT.
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Drawdown Indicators
| NOG | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -17.20% | -81.76% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -17.20% | -24.23% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | -17.20% | -37.88% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | — | — |
Current DrawdownCurrent decline from peak | -92.85% | -12.57% | -80.28% |
Average DrawdownAverage peak-to-trough decline | -69.82% | -4.23% | -65.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 4.88% | +16.90% |
Volatility
NOG vs. PIT - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 14.14% compared to VanEck Commodity Strategy ETF (PIT) at 5.78%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 5.78% | +8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 32.39% | 19.58% | +12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.38% | 21.84% | +23.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.25% | 17.58% | +31.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 17.58% | +52.99% |
Dividends
NOG vs. PIT - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 9.72%, more than PIT's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 9.72% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
PIT VanEck Commodity Strategy ETF | 6.88% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% |
Frequently Asked Questions
NOG and PIT have a correlation of 0.51, 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 PIT (5.78%). In terms of maximum drawdown, NOG dropped -98.96% vs PIT's -17.20%.
PIT currently has the higher Sharpe Ratio (1.95 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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