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NOG correlations (Northern Oil and Gas, Inc.)

Which assets move with NOG and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

42.6%

3y weekly

Beta vs S&P 500

0.55

3y weekly

1-year return

+9.2%

price, adjusted

5-year return

+105.5%

price, adjusted

Market cap

$2.8B

latest

Dividend yield

6.92%

trailing

Max drawdown

-55.1%

3y, daily closes

NOG over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NOG

Asset		Correlation (3Y)
MTDR	Matador Resources Company	0.85
SM	SM Energy Company	0.82
MGY	Magnolia Oil & Gas Corporation	0.82
PR	Permian Resources Corporation	0.82
XLE	Energy Select Sector SPDR Fund	0.81

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from NOG.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.27
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.26
SHY	iShares 1-3 Year Treasury Bond ETF	-0.21

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/nog.json

Correlations, diversifiers, beta and volatility for NOG, plus one endpoint per pair. API documentation.

ETF		NOG weight
IWM	iShares Russell 2000 ETF	0.09%