AR vs. BTU

Last updated Jun 4, 2026

AR (Antero Resources Corporation) and BTU (Peabody Energy Corporation) are both stocks. Both are in the Energy sector — AR in Oil & Gas E&P, BTU in Thermal Coal. Over the past 5 years, AR returned 22.88%/yr vs 30.55%/yr for BTU. At a 0.32 correlation, their price movements are largely independent.

Performance

AR vs. BTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Antero Resources Corporation (AR) and Peabody Energy Corporation (BTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AR achieves a 6.01% return, which is significantly higher than BTU's 1.93% return.

AR

• 1D: 0.74%
• 1M: -7.59%
• YTD: 6.01%
• 6M: 0.36%
• 1Y: -4.77%
• 3Y*: 19.66%
• 5Y*: 22.88%
• 10Y*: 2.38%

BTU

• 1D: 1.65%
• 1M: 13.90%
• YTD: 1.93%
• 6M: 2.86%
• 1Y: 132.08%
• 3Y*: 18.57%
• 5Y*: 30.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AR vs. BTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AR Antero Resources Corporation	6.01%	-1.68%	54.54%	-26.82%	77.09%	221.10%	91.23%	-69.65%	-50.58%	-16.45%
BTU Peabody Energy Corporation	1.93%	44.18%	-12.80%	-7.03%	162.36%	317.84%	-73.57%	-67.32%	-21.62%	27.00%

Correlation

The correlation between AR and BTU is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.32

The correlation between AR and BTU shifts across timeframes, from 0.19 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS AR : $3.08 BTU : -$0.44
PS Ratio AR : 1.98 BTU : 0.95
Total Revenue (TTM) AR : $5.76B BTU : $3.86B
Gross Profit (TTM) AR : $2.60B BTU : $318.50M
EBITDA (TTM) AR : $1.82B BTU : $401.20M

Return for Risk

AR vs. BTU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AR

AR Risk / Return Rank: 34
AR Sharpe Ratio Rank: 35
AR Sortino Ratio Rank: 32
AR Omega Ratio Rank: 32
AR Calmar Ratio Rank: 35
AR Martin Ratio Rank: 36

BTU

BTU Risk / Return Rank: 85
BTU Sharpe Ratio Rank: 90
BTU Sortino Ratio Rank: 85
BTU Omega Ratio Rank: 81
BTU Calmar Ratio Rank: 84
BTU Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AR vs. BTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Antero Resources Corporation (AR) and Peabody Energy Corporation (BTU). 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.

	AR	BTU	Difference
Sharpe ratio Return per unit of total volatility	-0.12	2.24	-2.36
Sortino ratio Return per unit of downside risk	0.09	2.78	-2.69
Omega ratio Gain probability vs. loss probability	1.01	1.32	-0.31
Calmar ratio Return relative to maximum drawdown	-0.15	3.27	-3.42
Martin ratio Return relative to average drawdown	-0.23	7.92	-8.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AR vs. BTU - Sharpe Ratio Comparison

The current AR Sharpe Ratio is -0.12, which is lower than the BTU Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of AR and BTU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AR	BTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	2.24	-2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.46	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.02	-0.06

Drawdowns

AR vs. BTU - Drawdown Comparison

The maximum AR drawdown since its inception was -99.01%, roughly equal to the maximum BTU drawdown of -98.07%. Use the drawdown chart below to compare losses from any high point for AR and BTU.

Drawdown Indicators

	AR	BTU	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-98.07%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-31.77%	-40.67%	+8.90%
Max Drawdown (3Y) Largest decline over 3 years	-33.19%	-65.14%	+31.95%
Max Drawdown (5Y) Largest decline over 5 years	-58.39%	-67.44%	+9.05%
Max Drawdown (10Y) Largest decline over 10 years	-97.78%	—	—
Current Drawdown Current decline from peak	-45.81%	-27.07%	-18.74%
Average Drawdown Average peak-to-trough decline	-61.37%	-48.13%	-13.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.50%	16.74%	+3.76%

Volatility

AR vs. BTU - Volatility Comparison

The current volatility for Antero Resources Corporation (AR) is 9.93%, while Peabody Energy Corporation (BTU) has a volatility of 18.95%. This indicates that AR experiences smaller price fluctuations and is considered to be less risky than BTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AR	BTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	18.95%	-9.02%
Volatility (6M) Calculated over the trailing 6-month period	27.11%	40.94%	-13.83%
Volatility (1Y) Calculated over the trailing 1-year period	38.68%	59.43%	-20.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.25%	66.59%	-18.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.72%	77.80%	-17.08%

Dividends

AR vs. BTU - Dividend Comparison

AR has not paid dividends to shareholders, while BTU's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AR Antero Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BTU Peabody Energy Corporation	1.00%	1.01%	1.43%	0.93%	0.00%	0.00%	0.00%	26.43%	1.59%

Financials

AR vs. BTU - Profitability Comparison

The chart below illustrates the profitability comparison between Antero Resources Corporation and Peabody Energy Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Antero Resources Corporation reported a gross profit of 1.82B and revenue of 1.95B. Therefore, the gross margin over that period was 93.6%.

BTU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Peabody Energy Corporation reported a gross profit of 49.70M and revenue of 1.02B. Therefore, the gross margin over that period was 4.9%.

AR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Antero Resources Corporation reported an operating income of 729.45M and revenue of 1.95B, resulting in an operating margin of 37.5%.

BTU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Peabody Energy Corporation reported an operating income of 19.20M and revenue of 1.02B, resulting in an operating margin of 1.9%.

AR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Antero Resources Corporation reported a net income of 535.22M and revenue of 1.95B, resulting in a net margin of 27.5%.

BTU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Peabody Energy Corporation reported a net income of 10.40M and revenue of 1.02B, resulting in a net margin of 1.0%.

Frequently Asked Questions

Can I hold both AR and BTU in my portfolio?

AR and BTU have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AR or BTU?

BTU has higher volatility (18.95%) compared to AR (9.93%). In terms of maximum drawdown, AR dropped -99.01% vs BTU's -98.07%.

Which has better risk-adjusted returns?

BTU currently has the higher Sharpe Ratio (2.24 vs -0.12), 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.