XOM vs. NOG
XOM (Exxon Mobil Corporation) and NOG (Northern Oil and Gas, Inc.) are both stocks. Both are in the Energy sector — XOM in Oil & Gas Integrated, NOG in Oil & Gas E&P. Over the past 10 years, XOM returned 8.48%/yr vs -7.03%/yr for NOG. At a 0.49 correlation, their price movements are largely independent.
Performance
XOM vs. NOG - Performance Comparison
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Returns By Period
In the year-to-date period, XOM achieves a 16.96% return, which is significantly higher than NOG's -10.36% return. Over the past 10 years, XOM has outperformed NOG with an annualized return of 8.48%, while NOG has yielded a comparatively lower -7.03% annualized return.
XOM
- 1D
- 1.03%
- 1M
- -5.27%
- 6M
- 12.96%
- YTD
- 16.96%
- 1Y
- 24.15%
- 3Y*
- 13.15%
- 5Y*
- 22.21%
- 10Y*
- 8.48%
NOG
- 1D
- -1.44%
- 1M
- -7.12%
- 6M
- -12.00%
- YTD
- -10.36%
- 1Y
- -35.02%
- 3Y*
- -14.51%
- 5Y*
- 3.47%
- 10Y*
- -7.03%
XOM vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XOM Exxon Mobil Corporation | 16.96% | 15.98% | 11.26% | -6.26% | 87.41% | 57.58% | -36.21% | 7.23% | -15.09% | -3.81% |
NOG Northern Oil and Gas, Inc. | -10.36% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
Correlation
The correlation between XOM and NOG is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2007 | 0.49 |
The correlation between XOM and NOG shifts across timeframes, from 0.49 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
XOM:
$575.42B
NOG:
$2.01B
XOM:
$5.96
NOG:
-$6.34
XOM:
1.81
NOG:
1.20
XOM:
2.28
NOG:
1.02
XOM:
$326.01B
NOG:
$1.52B
XOM:
$83.11B
NOG:
$450.66M
XOM:
$60.44B
NOG:
$73.21M
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Return for Risk
XOM vs. NOG — Risk / Return Rank
XOM
NOG
XOM vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Exxon Mobil Corporation (XOM) 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.
| XOM | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.89 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.85 | +2.08 |
| Martin ratioReturn relative to average drawdown | 3.24 | -1.62 | +4.85 |
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Drawdowns
XOM vs. NOG - Drawdown Comparison
The maximum XOM drawdown since its inception was -62.40%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for XOM and NOG.
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Drawdown Indicators
| XOM | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -98.96% | +36.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.11% | -41.43% | +21.32% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -55.08% | +34.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -55.08% | +34.57% |
Max Drawdown (10Y)Largest decline over 10 years | -61.34% | -92.98% | +31.64% |
Current DrawdownCurrent decline from peak | -18.46% | -92.85% | +74.39% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -69.82% | +59.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 21.78% | -14.13% |
Volatility
XOM vs. NOG - Volatility Comparison
The current volatility for Exxon Mobil Corporation (XOM) is 7.89%, while Northern Oil and Gas, Inc. (NOG) has a volatility of 14.14%. This indicates that XOM 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
| XOM | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 14.14% | -6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 32.39% | -11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.73% | 45.38% | -20.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.71% | 49.25% | -22.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.25% | 70.57% | -42.32% |
Dividends
XOM vs. NOG - Dividend Comparison
XOM's dividend yield for the trailing twelve months is around 2.94%, less than NOG's 9.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 9.72% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XOM Exxon Mobil Corporation | 2.94% | 3.32% | 3.57% | 3.68% | 3.22% | 5.70% | 8.44% | 4.92% | 4.74% | 3.66% | 3.30% | 3.69% |
Financials
XOM vs. NOG - Financials Comparison
This section allows you to compare key financial metrics between Exxon Mobil Corporation and Northern Oil and Gas, 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
XOM and NOG have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (14.14%) compared to XOM (7.89%). In terms of maximum drawdown, XOM dropped -62.40% vs NOG's -98.96%.
XOM currently has the higher Sharpe Ratio (1.00 vs -0.78), 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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