NOG vs. SHEL
NOG (Northern Oil and Gas, Inc.) and SHEL (Shell plc) are both stocks. Both are in the Energy sector — NOG in Oil & Gas E&P, SHEL in Oil & Gas Integrated. Over the past 10 years, NOG returned -4.75%/yr vs 10.57%/yr for SHEL. At a 0.47 correlation, their price movements are largely independent.
Performance
NOG vs. SHEL - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a 4.51% return, which is significantly lower than SHEL's 20.27% return. Over the past 10 years, NOG has underperformed SHEL with an annualized return of -4.75%, while SHEL has yielded a comparatively higher 10.57% annualized return.
NOG
- 1D
- 0.32%
- 1M
- -17.50%
- YTD
- 4.51%
- 6M
- -4.15%
- 1Y
- -17.97%
- 3Y*
- -6.21%
- 5Y*
- 7.63%
- 10Y*
- -4.75%
SHEL
- 1D
- -0.06%
- 1M
- -1.91%
- YTD
- 20.27%
- 6M
- 17.64%
- 1Y
- 32.84%
- 3Y*
- 18.86%
- 5Y*
- 22.88%
- 10Y*
- 10.57%
NOG vs. SHEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 4.51% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
SHEL Shell plc | 20.27% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
Correlation
The correlation between NOG and SHEL is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2007 | 0.47 |
The correlation between NOG and SHEL shifts across timeframes, from 0.47 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NOG:
$2.18B
SHEL:
$247.46B
NOG:
-$6.32
SHEL:
$6.39
NOG:
1.43
SHEL:
0.95
NOG:
1.22
SHEL:
1.43
NOG:
$1.52B
SHEL:
$266.82B
NOG:
$450.66M
SHEL:
$41.65B
NOG:
$73.21M
SHEL:
$57.44B
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Return for Risk
NOG vs. SHEL — Risk / Return Rank
NOG
SHEL
NOG vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and Shell plc (SHEL). 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.
| NOG | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.05 | -3.58 |
| Martin ratioReturn relative to average drawdown | -0.88 | 8.75 | -9.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOG | SHEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 1.57 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.91 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.34 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.22 | -0.25 |
Drawdowns
NOG vs. SHEL - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than SHEL's maximum drawdown of -71.57%. Use the drawdown chart below to compare losses from any high point for NOG and SHEL.
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Drawdown Indicators
| NOG | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -71.57% | -27.39% |
Max Drawdown (1Y)Largest decline over 1 year | -34.26% | -10.81% | -23.45% |
Max Drawdown (3Y)Largest decline over 3 years | -51.36% | -18.47% | -32.89% |
Max Drawdown (5Y)Largest decline over 5 years | -51.36% | -25.04% | -26.32% |
Max Drawdown (10Y)Largest decline over 10 years | -93.06% | -71.57% | -21.49% |
Current DrawdownCurrent decline from peak | -91.67% | -7.00% | -84.67% |
Average DrawdownAverage peak-to-trough decline | -69.72% | -16.74% | -52.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.34% | 3.76% | +16.58% |
Volatility
NOG vs. SHEL - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 13.35% compared to Shell plc (SHEL) at 7.27%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.35% | 7.27% | +6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 17.46% | +14.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.11% | 21.03% | +24.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.10% | 25.20% | +23.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.67% | 30.86% | +39.81% |
Dividends
NOG vs. SHEL - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.14%, more than SHEL's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 8.14% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHEL Shell plc | 3.41% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
NOG vs. SHEL - Financials Comparison
This section allows you to compare key financial metrics between Northern Oil and Gas, Inc. and Shell plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NOG and SHEL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (13.35%) compared to SHEL (7.27%). In terms of maximum drawdown, NOG dropped -98.96% vs SHEL's -71.57%.
SHEL currently has the higher Sharpe Ratio (1.57 vs -0.40), 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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