OGS vs. NXST
OGS (ONE Gas, Inc.) and NXST (Nexstar Media Group, Inc.) are both stocks. OGS operates in Utilities - Regulated Gas (Utilities), while NXST operates in Broadcasting (Communication Services). Over the past 10 years, OGS returned 5.08%/yr vs 16.32%/yr for NXST. At a 0.21 correlation, their price movements are largely independent.
Performance
OGS vs. NXST - Performance Comparison
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Returns By Period
In the year-to-date period, OGS achieves a 0.56% return, which is significantly higher than NXST's -17.81% return. Over the past 10 years, OGS has underperformed NXST with an annualized return of 5.08%, while NXST has yielded a comparatively higher 16.32% annualized return.
OGS
- 1D
- -0.43%
- 1M
- -7.36%
- YTD
- 0.56%
- 6M
- 0.11%
- 1Y
- 9.63%
- 3Y*
- 3.79%
- 5Y*
- 4.34%
- 10Y*
- 5.08%
NXST
- 1D
- -0.09%
- 1M
- -13.07%
- YTD
- -17.81%
- 6M
- -16.67%
- 1Y
- -1.04%
- 3Y*
- 5.24%
- 5Y*
- 5.63%
- 10Y*
- 16.32%
OGS vs. NXST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OGS ONE Gas, Inc. | 0.56% | 15.57% | 13.08% | -12.77% | 0.63% | 4.36% | -15.74% | 20.26% | 11.40% | 17.30% |
NXST Nexstar Media Group, Inc. | -17.81% | 33.95% | 5.04% | -7.52% | 18.37% | 40.95% | -4.42% | 51.93% | 2.65% | 25.89% |
Correlation
The correlation between OGS and NXST is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2014 | 0.21 |
The correlation between OGS and NXST shifts across timeframes, from 0.05 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OGS:
$6.02
NXST:
$5.37
OGS:
12.69
NXST:
30.54
OGS:
3.58
NXST:
7.46K
OGS:
1.49
NXST:
0.99
OGS:
$2.32B
NXST:
$5.11B
OGS:
$1.58B
NXST:
$1.65B
OGS:
$718.37M
NXST:
$1.42B
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Return for Risk
OGS vs. NXST — Risk / Return Rank
OGS
NXST
OGS vs. NXST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ONE Gas, Inc. (OGS) and Nexstar Media Group, Inc. (NXST). 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.
| OGS | NXST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.03 | +0.66 |
| Martin ratioReturn relative to average drawdown | 1.84 | -0.08 | +1.92 |
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Drawdowns
OGS vs. NXST - Drawdown Comparison
The maximum OGS drawdown since its inception was -33.50%, smaller than the maximum NXST drawdown of -96.66%. Use the drawdown chart below to compare losses from any high point for OGS and NXST.
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Drawdown Indicators
| OGS | NXST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -96.66% | +63.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -34.72% | +19.27% |
Max Drawdown (3Y)Largest decline over 3 years | -27.78% | -34.72% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -35.73% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -33.50% | -64.56% | +31.06% |
Current DrawdownCurrent decline from peak | -14.98% | -34.72% | +19.74% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -30.29% | +20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 13.11% | -7.87% |
Volatility
OGS vs. NXST - Volatility Comparison
The current volatility for ONE Gas, Inc. (OGS) is 6.47%, while Nexstar Media Group, Inc. (NXST) has a volatility of 8.00%. This indicates that OGS experiences smaller price fluctuations and is considered to be less risky than NXST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OGS | NXST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 8.00% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 27.09% | -14.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.17% | 33.63% | -16.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.53% | 34.54% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.93% | 39.74% | -13.81% |
Dividends
OGS vs. NXST - Dividend Comparison
OGS's dividend yield for the trailing twelve months is around 3.53%, less than NXST's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXST Nexstar Media Group, Inc. | 4.54% | 3.66% | 4.28% | 3.44% | 2.06% | 1.85% | 2.05% | 1.54% | 1.91% | 1.53% | 1.52% | 1.29% |
OGS ONE Gas, Inc. | 3.53% | 3.47% | 3.81% | 4.08% | 3.28% | 2.99% | 2.81% | 2.14% | 2.31% | 2.29% | 2.19% | 2.39% |
Financials
OGS vs. NXST - Financials Comparison
This section allows you to compare key financial metrics between ONE Gas, Inc. and Nexstar Media Group, 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
OGS vs. NXST - Profitability Comparison
OGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ONE Gas, Inc. reported a gross profit of 438.14M and revenue of 831.71M. Therefore, the gross margin over that period was 52.7%.
NXST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported a gross profit of 0.00 and revenue of 1.40B. Therefore, the gross margin over that period was 0.0%.
OGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ONE Gas, Inc. reported an operating income of 189.59M and revenue of 831.71M, resulting in an operating margin of 22.8%.
NXST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported an operating income of 265.00M and revenue of 1.40B, resulting in an operating margin of 19.0%.
OGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ONE Gas, Inc. reported a net income of 128.67M and revenue of 831.71M, resulting in a net margin of 15.5%.
NXST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported a net income of 164.00M and revenue of 1.40B, resulting in a net margin of 11.8%.
Frequently Asked Questions
OGS and NXST have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXST has higher volatility (8.00%) compared to OGS (6.47%). In terms of maximum drawdown, OGS dropped -33.50% vs NXST's -96.66%.
OGS currently has the higher Sharpe Ratio (0.56 vs -0.03), 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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