NOG vs. TDW
NOG (Northern Oil and Gas, Inc.) and TDW (Tidewater Inc.) are both stocks. Both are in the Energy sector — NOG in Oil & Gas E&P, TDW in Oil & Gas Equipment & Services. Over the past 10 years, NOG returned -2.51%/yr vs -4.85%/yr for TDW. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
NOG vs. TDW - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a 2.37% return, which is significantly lower than TDW's 48.60% return. Over the past 10 years, NOG has outperformed TDW with an annualized return of -2.51%, while TDW has yielded a comparatively lower -4.85% annualized return.
NOG
- 1D
- 1.49%
- 1M
- 20.44%
- 6M
- -12.08%
- YTD
- 2.37%
- 1Y
- -18.99%
- 3Y*
- -13.95%
- 5Y*
- 9.05%
- 10Y*
- -2.51%
- ALL TIME*
- -2.08%
TDW
- 1D
- 2.15%
- 1M
- 11.98%
- 6M
- 20.12%
- YTD
- 48.60%
- 1Y
- 50.09%
- 3Y*
- 6.38%
- 5Y*
- 45.99%
- 10Y*
- -4.85%
- ALL TIME*
- -0.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.84M | $61.54M | $65.18M | |
| $41.43M | $47.11M | $55.89M |
NOG vs. TDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 2.37% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
TDW Tidewater Inc. | 48.60% | -7.68% | -24.13% | 95.69% | 244.07% | 23.96% | -55.14% | 0.78% | -21.60% | -77.81% |
Correlation
The correlation between NOG and TDW is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.44 |
The correlation between NOG and TDW shifts across timeframes, from 0.42 (10 years) to 0.52 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NOG:
$2.30B
TDW:
$3.73B
NOG:
-$6.34
TDW:
$6.02
NOG:
1.37
TDW:
2.76
NOG:
1.17
TDW:
2.72
NOG:
$1.52B
TDW:
$1.35B
NOG:
$450.66M
TDW:
$314.74M
NOG:
$73.21M
TDW:
$489.31M
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Return for Risk
NOG vs. TDW — Risk / Return Rank
NOG
TDW
NOG vs. TDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and Tidewater Inc. (TDW). 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 | TDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.73 | -2.19 |
| Martin ratioReturn relative to average drawdown | -1.03 | 3.60 | -4.63 |
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Drawdowns
NOG vs. TDW - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, roughly equal to the maximum TDW drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for NOG and TDW.
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Drawdown Indicators
| NOG | TDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -99.80% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -29.10% | -12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | -70.35% | +15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | -70.35% | +15.27% |
Max Drawdown (10Y)Largest decline over 10 years | -92.15% | -97.27% | +5.12% |
Current DrawdownCurrent decline from peak | -91.84% | -96.37% | +4.53% |
Average DrawdownAverage peak-to-trough decline | -69.89% | -49.15% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.41% | 13.96% | +5.45% |
Volatility
NOG vs. TDW - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 16.52% compared to Tidewater Inc. (TDW) at 11.22%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than TDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | TDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 11.22% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 33.58% | 30.87% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.31% | 54.11% | -7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 53.29% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.52% | 66.15% | +4.37% |
Dividends
NOG vs. TDW - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.51%, while TDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 8.51% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDW Tidewater Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.04% | 0.00% | 14.37% |
Financials
NOG vs. TDW - Financials Comparison
This section allows you to compare key financial metrics between Northern Oil and Gas, Inc. and Tidewater Inc.. 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 TDW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (16.52%) compared to TDW (11.22%). In terms of maximum drawdown, NOG dropped -98.96% vs TDW's -99.80%.
TDW currently has the higher Sharpe Ratio (0.93 vs -0.41), 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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