BKR vs. HAL

Last updated Jun 3, 2026

BKR (Baker Hughes Company) and HAL (Halliburton Company) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 5 years, BKR returned 22.98%/yr vs 12.22%/yr for HAL. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

BKR vs. HAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baker Hughes Company (BKR) and Halliburton Company (HAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BKR having a 42.73% return and HAL slightly lower at 42.69%.

BKR

• 1D: 2.49%
• 1M: -6.31%
• YTD: 42.73%
• 6M: 31.37%
• 1Y: 75.92%
• 3Y*: 32.54%
• 5Y*: 22.98%
• 10Y*: —

HAL

• 1D: 1.98%
• 1M: -3.67%
• YTD: 42.69%
• 6M: 50.80%
• 1Y: 106.05%
• 3Y*: 10.75%
• 5Y*: 12.22%
• 10Y*: 1.24%

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

BKR vs. HAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKR Baker Hughes Company	42.73%	13.39%	23.11%	18.58%	25.96%	19.03%	-15.15%	23.01%	-30.43%	-14.15%
HAL Halliburton Company	42.69%	7.02%	-23.19%	-6.47%	74.45%	21.99%	-21.23%	-4.90%	-44.63%	15.03%

Correlation

The correlation between BKR and HAL is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017	0.70

The correlation between BKR and HAL has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

Fundamentals

Market Cap BKR : $64.28B HAL : $33.67B
EPS BKR : $3.14 HAL : $1.82
PE Ratio BKR : 20.57 HAL : 22.09
PEG Ratio BKR : 0.11 HAL : 3.52
PS Ratio BKR : 2.30 HAL : 1.53
PB Ratio BKR : 2.91 HAL : 3.11
Total Revenue (TTM) BKR : $27.89B HAL : $22.17B
Gross Profit (TTM) BKR : $6.57B HAL : $3.40B
EBITDA (TTM) BKR : $4.20B HAL : $3.83B

Return for Risk

BKR vs. HAL — Risk / Return Rank

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

BKR

BKR Risk / Return Rank: 89
BKR Sharpe Ratio Rank: 90
BKR Sortino Ratio Rank: 88
BKR Omega Ratio Rank: 87
BKR Calmar Ratio Rank: 90
BKR Martin Ratio Rank: 92

HAL

HAL Risk / Return Rank: 94
HAL Sharpe Ratio Rank: 94
HAL Sortino Ratio Rank: 93
HAL Omega Ratio Rank: 90
HAL Calmar Ratio Rank: 96
HAL Martin Ratio Rank: 96

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.

BKR vs. HAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baker Hughes Company (BKR) and Halliburton Company (HAL). 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.

	BKR	HAL	Difference
Sharpe ratio Return per unit of total volatility	2.36	2.92	-0.57
Sortino ratio Return per unit of downside risk	3.07	3.65	-0.57
Omega ratio Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio Return relative to maximum drawdown	4.58	8.43	-3.85
Martin ratio Return relative to average drawdown	14.16	22.07	-7.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKR vs. HAL - Sharpe Ratio Comparison

The current BKR Sharpe Ratio is 2.36, which is comparable to the HAL Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of BKR and HAL, 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

	BKR	HAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.92	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.31	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.14	+0.09

Drawdowns

BKR vs. HAL - Drawdown Comparison

The maximum BKR drawdown since its inception was -73.51%, smaller than the maximum HAL drawdown of -92.99%. Use the drawdown chart below to compare losses from any high point for BKR and HAL.

Drawdown Indicators

	BKR	HAL	Difference
Max Drawdown Largest peak-to-trough decline	-73.51%	-92.99%	+19.48%
Max Drawdown (1Y) Largest decline over 1 year	-16.86%	-13.10%	-3.76%
Max Drawdown (3Y) Largest decline over 3 years	-28.00%	-54.01%	+26.01%
Max Drawdown (5Y) Largest decline over 5 years	-46.53%	-54.01%	+7.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-91.45%	—
Current Drawdown Current decline from peak	-7.05%	-32.28%	+25.23%
Average Drawdown Average peak-to-trough decline	-22.13%	-39.13%	+17.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	5.01%	+0.44%

Volatility

BKR vs. HAL - Volatility Comparison

Baker Hughes Company (BKR) has a higher volatility of 9.97% compared to Halliburton Company (HAL) at 8.85%. This indicates that BKR's price experiences larger fluctuations and is considered to be riskier than HAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKR	HAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	8.85%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	24.30%	23.45%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	32.41%	36.54%	-4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.97%	40.10%	-5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.10%	45.97%	-5.87%

Dividends

BKR vs. HAL - Dividend Comparison

BKR's dividend yield for the trailing twelve months is around 1.43%, less than HAL's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKR Baker Hughes Company	1.43%	2.02%	2.05%	2.28%	2.47%	2.99%	3.45%	2.81%	3.35%	56.42%	0.00%	0.00%
HAL Halliburton Company	1.69%	2.41%	2.50%	1.77%	1.22%	0.79%	1.67%	2.94%	2.71%	1.47%	1.33%	2.12%

Financials

BKR vs. HAL - Profitability Comparison

The chart below illustrates the profitability comparison between Baker Hughes Company and Halliburton Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BKR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Baker Hughes Company reported a gross profit of 1.50B and revenue of 6.59B. Therefore, the gross margin over that period was 22.8%.

HAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported a gross profit of 790.00M and revenue of 5.40B. Therefore, the gross margin over that period was 14.6%.

BKR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Baker Hughes Company reported an operating income of 809.00M and revenue of 6.59B, resulting in an operating margin of 12.3%.

HAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported an operating income of 679.00M and revenue of 5.40B, resulting in an operating margin of 12.6%.

BKR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Baker Hughes Company reported a net income of 930.00M and revenue of 6.59B, resulting in a net margin of 14.1%.

HAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Halliburton Company reported a net income of 461.00M and revenue of 5.40B, resulting in a net margin of 8.5%.

Frequently Asked Questions

Can I hold both BKR and HAL in my portfolio?

BKR and HAL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKR or HAL?

BKR has higher volatility (9.97%) compared to HAL (8.85%). In terms of maximum drawdown, BKR dropped -73.51% vs HAL's -92.99%.

Which has better risk-adjusted returns?

HAL currently has the higher Sharpe Ratio (2.92 vs 2.36), 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.