NWN vs. FCG
NWN (Northwest Natural Holding Company) is a stock, while FCG (First Trust Natural Gas ETF) is Energy Equities fund tracking the ISE-Revere Natural Gas Index. Over the past 10 years, NWN returned 1.63%/yr vs 3.91%/yr for FCG. At a 0.24 correlation, their price movements are largely independent.
Performance
NWN vs. FCG - Performance Comparison
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Returns By Period
In the year-to-date period, NWN achieves a 8.92% return, which is significantly lower than FCG's 17.54% return. Over the past 10 years, NWN has underperformed FCG with an annualized return of 1.63%, while FCG has yielded a comparatively higher 3.91% annualized return.
NWN
- 1D
- 2.48%
- 1M
- -0.04%
- YTD
- 8.92%
- 6M
- 8.53%
- 1Y
- 28.20%
- 3Y*
- 10.96%
- 5Y*
- 3.63%
- 10Y*
- 1.63%
FCG
- 1D
- 0.26%
- 1M
- -9.72%
- YTD
- 17.54%
- 6M
- 17.54%
- 1Y
- 16.99%
- 3Y*
- 10.20%
- 5Y*
- 13.77%
- 10Y*
- 3.91%
NWN vs. FCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWN Northwest Natural Holding Company | 8.92% | 23.75% | 6.77% | -14.45% | 1.49% | 10.26% | -35.52% | 25.46% | 4.48% | 2.82% |
FCG First Trust Natural Gas ETF | 17.54% | -2.28% | 4.16% | 2.55% | 47.24% | 98.49% | -23.20% | -15.76% | -34.81% | -11.38% |
Correlation
The correlation between NWN and FCG is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 11, 2007 | 0.24 |
Over the past year, the correlation between NWN and FCG has dropped to 0.02 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
NWN vs. FCG — Risk / Return Rank
NWN
FCG
NWN vs. FCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Natural Holding Company (NWN) and First Trust Natural Gas ETF (FCG). 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.
| NWN | FCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 0.95 | +1.15 |
| Martin ratioReturn relative to average drawdown | 5.83 | 2.77 | +3.06 |
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Drawdowns
NWN vs. FCG - Drawdown Comparison
The maximum NWN drawdown since its inception was -46.27%, smaller than the maximum FCG drawdown of -97.20%. Use the drawdown chart below to compare losses from any high point for NWN and FCG.
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Drawdown Indicators
| NWN | FCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.27% | -97.20% | +50.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -17.90% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -29.44% | +11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.09% | -33.33% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -46.27% | -85.04% | +38.77% |
Current DrawdownCurrent decline from peak | -15.36% | -76.30% | +60.94% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -65.39% | +53.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 6.16% | -1.31% |
Volatility
NWN vs. FCG - Volatility Comparison
The current volatility for Northwest Natural Holding Company (NWN) is 6.05%, while First Trust Natural Gas ETF (FCG) has a volatility of 9.31%. This indicates that NWN experiences smaller price fluctuations and is considered to be less risky than FCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWN | FCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 9.31% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 20.32% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.21% | 27.29% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.79% | 33.43% | -10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.17% | 38.29% | -10.12% |
Dividends
NWN vs. FCG - Dividend Comparison
NWN's dividend yield for the trailing twelve months is around 3.94%, more than FCG's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 2.33% | 2.86% | 2.76% | 3.25% | 3.04% | 1.73% | 3.82% | 2.87% | 1.46% | 1.56% | 1.70% | 4.79% |
NWN Northwest Natural Holding Company | 3.94% | 4.20% | 4.94% | 4.99% | 4.06% | 3.94% | 4.16% | 2.58% | 3.13% | 3.16% | 3.13% | 3.68% |
Frequently Asked Questions
NWN and FCG 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.
FCG has higher volatility (9.31%) compared to NWN (6.05%). In terms of maximum drawdown, NWN dropped -46.27% vs FCG's -97.20%.
NWN currently has the higher Sharpe Ratio (1.41 vs 0.63), 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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