PII vs. NFG
PII (Polaris Industries Inc.) and NFG (National Fuel Gas Company) are both stocks. PII operates in Recreational Vehicles (Consumer Cyclical), while NFG operates in Oil & Gas Integrated (Energy). Over the past 10 years, PII returned 0.86%/yr vs 6.82%/yr for NFG. At a 0.25 correlation, their price movements are largely independent.
Performance
PII vs. NFG - Performance Comparison
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Returns By Period
In the year-to-date period, PII achieves a 10.30% return, which is significantly higher than NFG's -2.71% return. Over the past 10 years, PII has underperformed NFG with an annualized return of 0.86%, while NFG has yielded a comparatively higher 6.82% annualized return.
PII
- 1D
- 0.10%
- 1M
- 10.18%
- YTD
- 10.30%
- 6M
- 4.61%
- 1Y
- 75.63%
- 3Y*
- -12.69%
- 5Y*
- -8.47%
- 10Y*
- 0.86%
NFG
- 1D
- 1.32%
- 1M
- -6.71%
- YTD
- -2.71%
- 6M
- -5.03%
- 1Y
- -5.14%
- 3Y*
- 17.64%
- 5Y*
- 11.07%
- 10Y*
- 6.82%
PII vs. NFG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PII Polaris Industries Inc. | 10.30% | 15.90% | -37.19% | -3.79% | -6.01% | 17.75% | -3.78% | 36.37% | -36.76% | 54.19% |
NFG National Fuel Gas Company | -2.71% | 35.31% | 25.38% | -17.71% | 1.87% | 60.66% | -7.58% | -5.94% | -3.74% | -0.20% |
Correlation
The correlation between PII and NFG is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 1987 | 0.25 |
The correlation between PII and NFG shifts across timeframes, from -0.11 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PII:
$3.92B
NFG:
$7.27B
PII:
-$7.82
NFG:
$7.46
PII:
0.54
NFG:
7.21
PII:
5.23
NFG:
1.90
PII:
$7.27B
NFG:
$988.24M
PII:
$1.43B
NFG:
$576.67M
PII:
-$206.10M
NFG:
$1.41B
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Return for Risk
PII vs. NFG — Risk / Return Rank
PII
NFG
PII vs. NFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polaris Industries Inc. (PII) and National Fuel Gas Company (NFG). 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.
| PII | NFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.25 | +2.48 |
| Martin ratioReturn relative to average drawdown | 6.47 | -0.57 | +7.04 |
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
| PII | NFG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | -0.26 | +1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.50 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.28 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.39 | +0.02 |
Drawdowns
PII vs. NFG - Drawdown Comparison
The maximum PII drawdown since its inception was -77.57%, which is greater than NFG's maximum drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for PII and NFG.
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Drawdown Indicators
| PII | NFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -55.49% | -22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -34.21% | -20.36% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -75.23% | -20.36% | -54.87% |
Max Drawdown (5Y)Largest decline over 5 years | -75.23% | -35.74% | -39.49% |
Max Drawdown (10Y)Largest decline over 10 years | -75.62% | -44.28% | -31.34% |
Current DrawdownCurrent decline from peak | -44.66% | -19.31% | -25.35% |
Average DrawdownAverage peak-to-trough decline | -19.73% | -14.30% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 9.10% | +2.62% |
Volatility
PII vs. NFG - Volatility Comparison
Polaris Industries Inc. (PII) has a higher volatility of 13.54% compared to National Fuel Gas Company (NFG) at 5.86%. This indicates that PII's price experiences larger fluctuations and is considered to be riskier than NFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PII | NFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.54% | 5.86% | +7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 37.61% | 14.23% | +23.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.09% | 19.90% | +36.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.68% | 22.24% | +20.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.77% | 24.04% | +18.73% |
Dividends
PII vs. NFG - Dividend Comparison
PII's dividend yield for the trailing twelve months is around 3.95%, more than NFG's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFG National Fuel Gas Company | 2.76% | 2.65% | 3.36% | 3.91% | 2.97% | 2.83% | 4.30% | 3.72% | 3.30% | 3.00% | 2.84% | 3.67% |
PII Polaris Industries Inc. | 3.95% | 4.24% | 4.58% | 2.74% | 2.53% | 2.29% | 2.60% | 2.40% | 3.13% | 1.87% | 2.67% | 2.47% |
Financials
PII vs. NFG - Financials Comparison
This section allows you to compare key financial metrics between Polaris Industries Inc. and National Fuel Gas Company. 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
PII vs. NFG - Profitability Comparison
PII - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Polaris Industries Inc. reported a gross profit of 334.80M and revenue of 1.66B. Therefore, the gross margin over that period was 20.2%.
NFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported a gross profit of -300.89M and revenue of -651.51M. Therefore, the gross margin over that period was 46.2%.
PII - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Polaris Industries Inc. reported an operating income of -55.20M and revenue of 1.66B, resulting in an operating margin of -3.3%.
NFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported an operating income of 347.14M and revenue of -651.51M, resulting in an operating margin of -53.3%.
PII - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Polaris Industries Inc. reported a net income of -47.40M and revenue of 1.66B, resulting in a net margin of -2.9%.
NFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Fuel Gas Company reported a net income of 247.67M and revenue of -651.51M, resulting in a net margin of -38.0%.
Frequently Asked Questions
PII and NFG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PII has higher volatility (13.54%) compared to NFG (5.86%). In terms of maximum drawdown, PII dropped -77.57% vs NFG's -55.49%.
PII currently has the higher Sharpe Ratio (1.37 vs -0.26), 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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