CQP vs. DKL
CQP (Cheniere Energy Partners, L.P.) and DKL (Delek Logistics Partners, LP) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, CQP returned 14.69%/yr vs 18.34%/yr for DKL. At a 0.31 correlation, their price movements are largely independent.
Performance
CQP vs. DKL - Performance Comparison
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Returns By Period
In the year-to-date period, CQP achieves a 21.40% return, which is significantly lower than DKL's 24.01% return. Over the past 10 years, CQP has underperformed DKL with an annualized return of 14.69%, while DKL has yielded a comparatively higher 18.34% annualized return.
CQP
- 1D
- -3.81%
- 1M
- 0.64%
- YTD
- 21.40%
- 6M
- 22.64%
- 1Y
- 15.22%
- 3Y*
- 19.41%
- 5Y*
- 15.15%
- 10Y*
- 14.69%
DKL
- 1D
- -1.47%
- 1M
- 3.96%
- YTD
- 24.01%
- 6M
- 23.65%
- 1Y
- 34.22%
- 3Y*
- 11.57%
- 5Y*
- 13.82%
- 10Y*
- 18.34%
CQP vs. DKL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 21.40% | 6.80% | 12.59% | -5.09% | 44.79% | 27.83% | -4.97% | 16.60% | 30.13% | 8.91% |
DKL Delek Logistics Partners, LP | 24.01% | 17.18% | 9.40% | 4.36% | 14.39% | 45.88% | 14.34% | 21.52% | 2.07% | 20.80% |
Correlation
The correlation between CQP and DKL is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2012 | 0.31 |
Fundamentals
CQP:
$30.58B
DKL:
$2.84B
CQP:
$5.21
DKL:
$3.17
CQP:
12.13
DKL:
16.72
CQP:
2.69
DKL:
2.68
CQP:
$11.37B
DKL:
$1.06B
CQP:
$3.20B
DKL:
$158.42M
CQP:
$3.96B
DKL:
$449.11M
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Return for Risk
CQP vs. DKL — Risk / Return Rank
CQP
DKL
CQP vs. DKL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy Partners, L.P. (CQP) and Delek Logistics Partners, LP (DKL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CQP | DKL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.97 | -1.93 |
| Martin ratioReturn relative to average drawdown | 2.51 | 8.54 | -6.03 |
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Drawdowns
CQP vs. DKL - Drawdown Comparison
The maximum CQP drawdown since its inception was -78.70%, roughly equal to the maximum DKL drawdown of -82.68%. Use the drawdown chart below to compare losses from any high point for CQP and DKL.
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Drawdown Indicators
| CQP | DKL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -82.68% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.72% | -11.58% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -35.26% | +10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -36.61% | +7.49% |
Max Drawdown (10Y)Largest decline over 10 years | -60.31% | -82.68% | +22.37% |
Current DrawdownCurrent decline from peak | -8.77% | -1.47% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -15.24% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 4.02% | +2.39% |
Volatility
CQP vs. DKL - Volatility Comparison
Cheniere Energy Partners, L.P. (CQP) has a higher volatility of 9.30% compared to Delek Logistics Partners, LP (DKL) at 7.59%. This indicates that CQP's price experiences larger fluctuations and is considered to be riskier than DKL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQP | DKL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 7.59% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 20.18% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.21% | 24.37% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.44% | 31.04% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.14% | 43.91% | -11.77% |
Dividends
CQP vs. DKL - Dividend Comparison
CQP's dividend yield for the trailing twelve months is around 5.17%, less than DKL's 8.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 5.17% | 6.15% | 5.06% | 8.36% | 6.82% | 6.30% | 7.28% | 6.08% | 6.07% | 5.79% | 5.90% | 6.52% |
DKL Delek Logistics Partners, LP | 8.47% | 9.97% | 10.79% | 9.56% | 8.69% | 8.71% | 11.19% | 10.51% | 10.38% | 8.80% | 8.70% | 6.05% |
Financials
CQP vs. DKL - Financials Comparison
This section allows you to compare key financial metrics between Cheniere Energy Partners, L.P. and Delek Logistics Partners, LP. 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
CQP vs. DKL - Profitability Comparison
CQP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a gross profit of 0.00 and revenue of 3.60B. Therefore, the gross margin over that period was 0.0%.
DKL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Delek Logistics Partners, LP reported a gross profit of 0.00 and revenue of 297.47M. Therefore, the gross margin over that period was 0.0%.
CQP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported an operating income of 361.00M and revenue of 3.60B, resulting in an operating margin of 10.0%.
DKL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Delek Logistics Partners, LP reported an operating income of 40.01M and revenue of 297.47M, resulting in an operating margin of 13.5%.
CQP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a net income of 186.00M and revenue of 3.60B, resulting in a net margin of 5.2%.
DKL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Delek Logistics Partners, LP reported a net income of 32.35M and revenue of 297.47M, resulting in a net margin of 10.9%.
Frequently Asked Questions
CQP and DKL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CQP has higher volatility (9.30%) compared to DKL (7.59%). In terms of maximum drawdown, CQP dropped -78.70% vs DKL's -82.68%.
DKL currently has the higher Sharpe Ratio (1.41 vs 0.58), 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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