PIT vs. NOG
PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck, while NOG (Northern Oil and Gas, Inc.) is a stock. Over the past 3 years, PIT returned 19.64%/yr vs -13.95%/yr for NOG. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
PIT vs. NOG - Performance Comparison
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Returns By Period
In the year-to-date period, PIT achieves a 39.56% return, which is significantly higher than NOG's 2.37% return.
PIT
- 1D
- -0.05%
- 1M
- 12.38%
- 6M
- 25.04%
- YTD
- 39.56%
- 1Y
- 54.64%
- 3Y*
- 19.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.95%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.84M | $61.54M | $65.18M | |
| $1.38M | $2.80M | $3.76M |
PIT vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 39.56% | 21.63% | 6.77% | -4.54% | 1.67% |
NOG Northern Oil and Gas, Inc. | 2.37% | -38.20% | 4.84% | 25.54% | -1.70% |
Correlation
The correlation between PIT and NOG is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.54 |
The correlation between PIT and NOG has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
PIT vs. NOG — Risk / Return Rank
PIT
NOG
PIT vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and Northern Oil and Gas, Inc. (NOG). 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.
| PIT | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.88 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.96 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.46 | +3.65 |
| Martin ratioReturn relative to average drawdown | 10.87 | -1.03 | +11.90 |
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Drawdowns
PIT vs. NOG - Drawdown Comparison
The maximum PIT drawdown since its inception was -17.20%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for PIT and NOG.
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Drawdown Indicators
| PIT | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -98.96% | +81.76% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -41.43% | +24.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -55.08% | +37.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.15% | — |
Current DrawdownCurrent decline from peak | -5.78% | -91.84% | +86.06% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -69.89% | +65.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 19.41% | -14.36% |
Volatility
PIT vs. NOG - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 6.47%, while Northern Oil and Gas, Inc. (NOG) has a volatility of 16.52%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than NOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 16.52% | -10.05% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 33.58% | -13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 46.31% | -24.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 49.16% | -31.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 70.52% | -52.82% |
Dividends
PIT vs. NOG - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.39%, less than NOG's 8.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 8.51% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
PIT VanEck Commodity Strategy ETF | 6.39% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% |
Frequently Asked Questions
PIT and NOG have a correlation of 0.54, 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 PIT (6.47%). In terms of maximum drawdown, PIT dropped -17.20% vs NOG's -98.96%.
PIT currently has the higher Sharpe Ratio (2.47 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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