AR vs. EQT

Last updated Jun 3, 2026

AR (Antero Resources Corporation) and EQT (EQT Corporation) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, AR returned 2.31%/yr vs 4.06%/yr for EQT. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

AR vs. EQT - Performance Comparison

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

Returns By Period

In the year-to-date period, AR achieves a 5.22% return, which is significantly higher than EQT's 2.59% return. Over the past 10 years, AR has underperformed EQT with an annualized return of 2.31%, while EQT has yielded a comparatively higher 4.06% annualized return.

AR

• 1D: -1.36%
• 1M: -6.76%
• YTD: 5.22%
• 6M: 4.44%
• 1Y: -6.18%
• 3Y*: 19.37%
• 5Y*: 22.66%
• 10Y*: 2.31%

EQT

• 1D: -1.05%
• 1M: -6.52%
• YTD: 2.59%
• 6M: -6.16%
• 1Y: -2.36%
• 3Y*: 16.00%
• 5Y*: 22.28%
• 10Y*: 4.06%

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

AR vs. EQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AR Antero Resources Corporation	5.22%	-1.68%	54.54%	-26.82%	77.09%	221.10%	91.23%	-69.65%	-50.58%	-19.66%
EQT EQT Corporation	2.59%	17.64%	21.41%	16.20%	57.64%	71.60%	17.27%	-41.82%	-38.82%	-12.80%

Correlation

The correlation between AR and EQT is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 11, 2013	0.70

The correlation between AR and EQT has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.

Fundamentals

Market Cap AR : $11.29B EQT : $34.18B
EPS AR : $3.08 EQT : $5.40
PE Ratio AR : 11.76 EQT : 10.12
PEG Ratio AR : 0.04 EQT : 0.08
PS Ratio AR : 1.97 EQT : 3.38
PB Ratio AR : 1.40 EQT : 1.36
Total Revenue (TTM) AR : $5.76B EQT : $10.03B
Gross Profit (TTM) AR : $2.60B EQT : $6.43B
EBITDA (TTM) AR : $1.82B EQT : $7.48B

Return for Risk

AR vs. EQT — 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: 34
AR Sortino Ratio Rank: 30
AR Omega Ratio Rank: 30
AR Calmar Ratio Rank: 37
AR Martin Ratio Rank: 37

EQT

EQT Risk / Return Rank: 36
EQT Sharpe Ratio Rank: 37
EQT Sortino Ratio Rank: 32
EQT Omega Ratio Rank: 32
EQT Calmar Ratio Rank: 40
EQT Martin Ratio Rank: 40

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. EQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Antero Resources Corporation (AR) and EQT Corporation (EQT). 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	EQT	Difference
Sharpe ratio Return per unit of total volatility	-0.16	-0.07	-0.09
Sortino ratio Return per unit of downside risk	0.04	0.12	-0.08
Omega ratio Gain probability vs. loss probability	1.00	1.02	-0.01
Calmar ratio Return relative to maximum drawdown	-0.10	0.02	-0.12
Martin ratio Return relative to average drawdown	-0.16	0.03	-0.19
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. EQT - Sharpe Ratio Comparison

The current AR Sharpe Ratio is -0.16, which is lower than the EQT Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of AR and EQT, 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	EQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.16	-0.07	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.52	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.08	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.30	-0.35

Drawdowns

AR vs. EQT - Drawdown Comparison

The maximum AR drawdown since its inception was -99.01%, which is greater than EQT's maximum drawdown of -91.51%. Use the drawdown chart below to compare losses from any high point for AR and EQT.

Drawdown Indicators

	AR	EQT	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-91.51%	-7.50%
Max Drawdown (1Y) Largest decline over 1 year	-31.77%	-19.28%	-12.49%
Max Drawdown (3Y) Largest decline over 3 years	-33.19%	-31.62%	-1.57%
Max Drawdown (5Y) Largest decline over 5 years	-58.39%	-42.56%	-15.83%
Max Drawdown (10Y) Largest decline over 10 years	-97.78%	-88.28%	-9.50%
Current Drawdown Current decline from peak	-46.21%	-19.28%	-26.93%
Average Drawdown Average peak-to-trough decline	-61.38%	-23.34%	-38.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.46%	10.81%	+9.65%

Volatility

AR vs. EQT - Volatility Comparison

Antero Resources Corporation (AR) has a higher volatility of 10.07% compared to EQT Corporation (EQT) at 7.75%. This indicates that AR's price experiences larger fluctuations and is considered to be riskier than EQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AR	EQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.07%	7.75%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	27.17%	21.76%	+5.41%
Volatility (1Y) Calculated over the trailing 1-year period	38.81%	32.65%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.25%	42.80%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.73%	48.93%	+11.80%

Dividends

AR vs. EQT - Dividend Comparison

AR has not paid dividends to shareholders, while EQT's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AR Antero Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EQT EQT Corporation	1.19%	1.19%	1.37%	1.57%	1.63%	0.00%	0.24%	1.10%	0.42%	0.21%	0.18%	0.23%

Financials

AR vs. EQT - Profitability Comparison

The chart below illustrates the profitability comparison between Antero Resources Corporation and EQT 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%.

EQT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a gross profit of 3.32B and revenue of 3.38B. Therefore, the gross margin over that period was 98.4%.

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%.

EQT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported an operating income of 2.04B and revenue of 3.38B, resulting in an operating margin of 60.3%.

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%.

EQT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a net income of 1.55B and revenue of 3.38B, resulting in a net margin of 46.0%.

Frequently Asked Questions

Can I hold both AR and EQT in my portfolio?

AR and EQT have a correlation of 0.74, 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 EQT?

AR has higher volatility (10.07%) compared to EQT (7.75%). In terms of maximum drawdown, AR dropped -99.01% vs EQT's -91.51%.

Which has better risk-adjusted returns?

EQT currently has the higher Sharpe Ratio (-0.07 vs -0.16), 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.