Tax-loss harvesting alternatives for NOG

Among the 24 Oil & Gas Exploration & Production peers screened, CHRD (Chord Energy) has tracked NOG most closely over the past year, with a return correlation of 0.80. The strongest fund stand-in is XOP (SPDR S&P Oil & Gas E&P ETF) at 0.83 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
CHRD	Chord Energy	Oil & Gas Exploration & Production	0.80	0.84	0.80	0.01
MGY	Magnolia Oil & Gas, Corp.	Oil & Gas Exploration & Production	0.79	0.84	0.82	0.62
SM	SM Energy Company	Oil & Gas Exploration & Production	0.79	0.84	0.81	0.61
MTDR	Matador Resources	Oil & Gas Exploration & Production	0.79	0.85	0.82	0.62
PR	Permian Resources	Oil & Gas Exploration & Production	0.79	0.82	0.79	0.55
CRGY	Crescent Energy Company	Oil & Gas Exploration & Production	0.78	0.79	0.75	—
TALO	Talos Energy, Inc.	Oil & Gas Exploration & Production	0.77	0.78	0.74	0.65
OVV	Ovintiv	Oil & Gas Exploration & Production	0.77	0.81	0.80	0.60
DVN	Devon Energy	Oil & Gas Exploration & Production	0.77	0.82	0.78	0.63
COP	ConocoPhillips	Oil & Gas Exploration & Production	0.75	0.78	0.77	0.60
EOG	EOG Resources	Oil & Gas Exploration & Production	0.74	0.77	0.76	0.62
FANG	Diamondback Energy	Oil & Gas Exploration & Production	0.74	0.80	0.79	0.62
APA	APA Corporation	Oil & Gas Exploration & Production	0.74	0.79	0.78	0.59
OXY	Occidental Petroleum	Oil & Gas Exploration & Production	0.73	0.78	0.71	0.56
MUR	Murphy Oil	Oil & Gas Exploration & Production	0.71	0.80	0.79	0.61
CRC	California Resources Corporation	Oil & Gas Exploration & Production	0.66	0.69	0.67	—
AR	Antero Resources	Oil & Gas Exploration & Production	0.59	0.56	0.61	0.43
RRC	Range Resources	Oil & Gas Exploration & Production	0.56	0.59	0.61	0.44
CRK	Comstock Resources, Inc.	Oil & Gas Exploration & Production	0.48	0.46	0.53	0.37
CNX	CNX Resources	Oil & Gas Exploration & Production	0.46	0.44	0.55	0.35
GPOR	Gulfport Energy Corporation	Oil & Gas Exploration & Production	0.45	0.52	0.57	—
EXE	Expand Energy	Oil & Gas Exploration & Production	0.41	0.44	0.54	—
EQT	EQT Corporation	Oil & Gas Exploration & Production	0.41	0.42	0.50	0.32
TPL	Texas Pacific Land Corporation	Oil & Gas Exploration & Production	0.37	0.49	0.55	0.46

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
XOP	SPDR S&P Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.83	0.87	0.86	0.69
IEO	iShares US Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.80	0.85	0.84	0.66
FENY	Fidelity MSCI Energy ETF	Energy Sector	SECTOR	0.77	0.82	0.81	0.65
VDE	Vanguard Energy ETF	Energy Sector	SECTOR	0.77	0.82	0.81	0.64
IYE	iShares US Energy ETF	Energy Sector	SECTOR	0.76	0.81	0.80	0.64
XLE	Energy Select Sector SPDR	Energy Sector	SECTOR	0.76	0.80	0.79	0.63
OIH	VanEck Oil Services ETF	Oil Services	SUB-IND	0.56	0.74	0.75	0.63
IEZ	iShares US Oil Equipment & Services	Oil Services	SUB-IND	0.54	0.73	0.74	0.62
CRAK	VanEck Oil Refiners ETF	Oil Refiners	SUB-IND	0.48	0.57	0.61	0.48
AMLP	Alerian MLP ETF	Energy Infrastructure	INDUSTRY	0.47	0.53	0.62	0.52
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	-0.09	0.34	0.37	0.35
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	-0.09	0.35	0.38	0.35

NEXT STEPS

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Replacement research for NOG's peers

CHRD MGY SM MTDR PR CRGY TALO OVV DVN COP EOG FANG APA OXY MUR CRC AR RRC CRK CNX GPOR EXE EQT TPL

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.