CNDT vs. EQT
CNDT (Conduent Incorporated) and EQT (EQT Corporation) are both stocks. CNDT operates in Information Technology Services (Technology), while EQT operates in Oil & Gas E&P (Energy). Over the past 5 years, CNDT returned -26.89%/yr vs 22.14%/yr for EQT. At a 0.21 correlation, their price movements are largely independent.
Performance
CNDT vs. EQT - Performance Comparison
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Returns By Period
In the year-to-date period, CNDT achieves a -16.15% return, which is significantly lower than EQT's 2.20% return.
CNDT
- 1D
- -5.85%
- 1M
- -5.29%
- YTD
- -16.15%
- 6M
- -19.50%
- 1Y
- -34.29%
- 3Y*
- -20.87%
- 5Y*
- -26.89%
- 10Y*
- —
EQT
- 1D
- -0.38%
- 1M
- -7.54%
- YTD
- 2.20%
- 6M
- -10.45%
- 1Y
- -2.72%
- 3Y*
- 15.86%
- 5Y*
- 22.14%
- 10Y*
- 4.02%
CNDT vs. EQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDT Conduent Incorporated | -16.15% | -52.48% | 10.68% | -9.88% | -24.16% | 11.25% | -22.58% | -41.67% | -34.22% | 17.78% |
EQT EQT Corporation | 2.20% | 17.64% | 21.41% | 16.20% | 57.64% | 71.60% | 17.27% | -41.82% | -38.82% | -10.99% |
Correlation
The correlation between CNDT and EQT is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017 | 0.21 |
The correlation between CNDT and EQT shifts across timeframes, from -0.06 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNDT:
-$1.28
EQT:
$5.40
CNDT:
0.06
EQT:
3.37
CNDT:
$3.01B
EQT:
$10.03B
CNDT:
$419.00M
EQT:
$6.43B
CNDT:
$122.00M
EQT:
$7.48B
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Return for Risk
CNDT vs. EQT — Risk / Return Rank
CNDT
EQT
CNDT vs. EQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conduent Incorporated (CNDT) 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.
| CNDT | EQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.14 | -0.43 |
| Martin ratioReturn relative to average drawdown | -1.01 | -0.25 | -0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNDT | EQT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | -0.08 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | 0.52 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.30 | -0.62 |
Drawdowns
CNDT vs. EQT - Drawdown Comparison
The maximum CNDT drawdown since its inception was -95.02%, roughly equal to the maximum EQT drawdown of -91.51%. Use the drawdown chart below to compare losses from any high point for CNDT and EQT.
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Drawdown Indicators
| CNDT | EQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.02% | -91.51% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -60.81% | -19.59% | -41.22% |
Max Drawdown (3Y)Largest decline over 3 years | -73.76% | -31.62% | -42.14% |
Max Drawdown (5Y)Largest decline over 5 years | -86.04% | -42.56% | -43.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.28% | — |
Current DrawdownCurrent decline from peak | -93.08% | -19.59% | -73.49% |
Average DrawdownAverage peak-to-trough decline | -65.26% | -23.34% | -41.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.13% | 10.88% | +23.25% |
Volatility
CNDT vs. EQT - Volatility Comparison
Conduent Incorporated (CNDT) has a higher volatility of 29.30% compared to EQT Corporation (EQT) at 7.67%. This indicates that CNDT'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.
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Volatility by Period
| CNDT | EQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.30% | 7.67% | +21.63% |
Volatility (6M)Calculated over the trailing 6-month period | 52.51% | 21.75% | +30.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.76% | 32.54% | +32.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.00% | 42.80% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.45% | 48.92% | +14.53% |
Dividends
CNDT vs. EQT - Dividend Comparison
CNDT has not paid dividends to shareholders, while EQT's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDT Conduent Incorporated | 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 | 1.20% | 1.19% | 1.37% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% |
Financials
CNDT vs. EQT - Financials Comparison
This section allows you to compare key financial metrics between Conduent Incorporated and EQT Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CNDT vs. EQT - Profitability Comparison
CNDT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Conduent Incorporated reported a gross profit of 0.00 and revenue of 723.00M. Therefore, the gross margin over that period was 0.0%.
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%.
CNDT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Conduent Incorporated reported an operating income of 0.00 and revenue of 723.00M, resulting in an operating margin of 0.0%.
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%.
CNDT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Conduent Incorporated reported a net income of -33.00M and revenue of 723.00M, resulting in a net margin of -4.6%.
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
CNDT and EQT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNDT has higher volatility (29.30%) compared to EQT (7.67%). In terms of maximum drawdown, CNDT dropped -95.02% vs EQT's -91.51%.
EQT currently has the higher Sharpe Ratio (-0.08 vs -0.53), 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.
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