BTU vs. AR

Last updated Jun 3, 2026

BTU (Peabody Energy Corporation) and AR (Antero Resources Corporation) are both stocks. Both are in the Energy sector — BTU in Thermal Coal, AR in Oil & Gas E&P. Over the past 5 years, BTU returned 31.68%/yr vs 22.66%/yr for AR. At a 0.32 correlation, their price movements are largely independent.

Performance

BTU vs. AR - Performance Comparison

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

Returns By Period

In the year-to-date period, BTU achieves a 0.27% return, which is significantly lower than AR's 5.22% return.

BTU

• 1D: 1.93%
• 1M: 12.00%
• YTD: 0.27%
• 6M: 7.98%
• 1Y: 129.53%
• 3Y*: 17.93%
• 5Y*: 31.68%
• 10Y*: —

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%

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

BTU vs. AR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTU Peabody Energy Corporation	0.27%	44.18%	-12.80%	-7.03%	162.36%	317.84%	-73.57%	-67.32%	-21.62%	27.00%
AR Antero Resources Corporation	5.22%	-1.68%	54.54%	-26.82%	77.09%	221.10%	91.23%	-69.65%	-50.58%	-16.45%

Correlation

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

Fundamentals

EPS BTU : -$0.44 AR : $3.08
PS Ratio BTU : 0.93 AR : 1.97
Total Revenue (TTM) BTU : $3.86B AR : $5.76B
Gross Profit (TTM) BTU : $318.50M AR : $2.60B
EBITDA (TTM) BTU : $401.20M AR : $1.82B

Return for Risk

BTU vs. AR — Risk / Return Rank

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

BTU

BTU Risk / Return Rank: 84
BTU Sharpe Ratio Rank: 89
BTU Sortino Ratio Rank: 85
BTU Omega Ratio Rank: 81
BTU Calmar Ratio Rank: 83
BTU Martin Ratio Rank: 82

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

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.

BTU vs. AR - Risk-Adjusted Trends Comparison

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

	BTU	AR	Difference
Sharpe ratio Return per unit of total volatility	2.19	-0.16	+2.35
Sortino ratio Return per unit of downside risk	2.75	0.04	+2.71
Omega ratio Gain probability vs. loss probability	1.32	1.00	+0.32
Calmar ratio Return relative to maximum drawdown	3.14	-0.10	+3.24
Martin ratio Return relative to average drawdown	7.66	-0.16	+7.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTU vs. AR - Sharpe Ratio Comparison

The current BTU Sharpe Ratio is 2.19, which is higher than the AR Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of BTU and AR, 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

	BTU	AR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	-0.16	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.47	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.05	+0.06

Drawdowns

BTU vs. AR - Drawdown Comparison

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

Drawdown Indicators

	BTU	AR	Difference
Max Drawdown Largest peak-to-trough decline	-98.07%	-99.01%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	-40.67%	-31.77%	-8.90%
Max Drawdown (3Y) Largest decline over 3 years	-65.14%	-33.19%	-31.95%
Max Drawdown (5Y) Largest decline over 5 years	-67.44%	-58.39%	-9.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-97.78%	—
Current Drawdown Current decline from peak	-28.25%	-46.21%	+17.96%
Average Drawdown Average peak-to-trough decline	-48.14%	-61.38%	+13.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.68%	20.46%	-3.78%

Volatility

BTU vs. AR - Volatility Comparison

Peabody Energy Corporation (BTU) has a higher volatility of 18.93% compared to Antero Resources Corporation (AR) at 10.07%. This indicates that BTU's price experiences larger fluctuations and is considered to be riskier than AR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTU	AR	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.93%	10.07%	+8.86%
Volatility (6M) Calculated over the trailing 6-month period	40.95%	27.17%	+13.78%
Volatility (1Y) Calculated over the trailing 1-year period	59.43%	38.81%	+20.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.61%	48.25%	+18.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.81%	60.73%	+17.08%

Dividends

BTU vs. AR - Dividend Comparison

BTU's dividend yield for the trailing twelve months is around 1.01%, while AR has not paid dividends to shareholders.

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	1.01%	1.01%	1.43%	0.93%	0.00%	0.00%	0.00%	26.43%	1.59%

Financials

BTU vs. AR - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.

Frequently Asked Questions

Can I hold both BTU and AR in my portfolio?

BTU and AR 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, BTU or AR?

BTU has higher volatility (18.93%) compared to AR (10.07%). In terms of maximum drawdown, BTU dropped -98.07% vs AR's -99.01%.

Which has better risk-adjusted returns?

BTU currently has the higher Sharpe Ratio (2.19 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.