CQP vs. LNG
CQP (Cheniere Energy Partners, L.P.) and LNG (Cheniere Energy, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, CQP returned 14.84%/yr vs 21.58%/yr for LNG. At a 0.40 correlation, their price movements are largely independent.
Performance
CQP vs. LNG - Performance Comparison
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Returns By Period
In the year-to-date period, CQP achieves a 17.23% return, which is significantly lower than LNG's 21.09% return. Over the past 10 years, CQP has underperformed LNG with an annualized return of 14.84%, while LNG has yielded a comparatively higher 21.58% annualized return.
CQP
- 1D
- 2.21%
- 1M
- -3.74%
- YTD
- 17.23%
- 6M
- 15.63%
- 1Y
- 16.01%
- 3Y*
- 16.61%
- 5Y*
- 14.08%
- 10Y*
- 14.84%
LNG
- 1D
- 1.46%
- 1M
- -2.75%
- YTD
- 21.09%
- 6M
- 22.79%
- 1Y
- 1.71%
- 3Y*
- 17.54%
- 5Y*
- 22.93%
- 10Y*
- 21.58%
CQP vs. LNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 17.23% | 6.80% | 12.59% | -5.09% | 44.79% | 27.83% | -4.97% | 16.60% | 30.13% | 8.91% |
LNG Cheniere Energy, Inc. | 21.09% | -8.70% | 27.18% | 15.02% | 49.30% | 69.48% | -1.70% | 3.18% | 9.94% | 29.95% |
Correlation
The correlation between CQP and LNG is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2007 | 0.40 |
Over the past year, CQP and LNG have become more correlated (0.61) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
CQP:
$29.53B
LNG:
$49.30B
CQP:
$5.21
LNG:
$6.80
CQP:
11.71
LNG:
34.44
CQP:
0.37
LNG:
0.18
CQP:
2.60
LNG:
2.51
CQP:
378.64
LNG:
13.13
CQP:
$11.37B
LNG:
$20.28B
CQP:
$3.20B
LNG:
$5.52B
CQP:
$3.96B
LNG:
$5.81B
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Return for Risk
CQP vs. LNG — Risk / Return Rank
CQP
LNG
CQP vs. LNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy Partners, L.P. (CQP) and Cheniere Energy, Inc. (LNG). 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 | LNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.03 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.07 | +0.92 |
| Martin ratioReturn relative to average drawdown | 2.55 | 0.14 | +2.41 |
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Drawdowns
CQP vs. LNG - Drawdown Comparison
The maximum CQP drawdown since its inception was -78.70%, smaller than the maximum LNG drawdown of -97.84%. Use the drawdown chart below to compare losses from any high point for CQP and LNG.
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Drawdown Indicators
| CQP | LNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -97.84% | +19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -24.09% | +7.90% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -24.87% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -24.87% | -4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -60.31% | -57.53% | -2.78% |
Current DrawdownCurrent decline from peak | -11.90% | -20.93% | +9.03% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -43.13% | +28.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 12.35% | -6.05% |
Volatility
CQP vs. LNG - Volatility Comparison
Cheniere Energy Partners, L.P. (CQP) has a higher volatility of 11.48% compared to Cheniere Energy, Inc. (LNG) at 7.77%. This indicates that CQP's price experiences larger fluctuations and is considered to be riskier than LNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQP | LNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.48% | 7.77% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 21.88% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 27.23% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.58% | 30.26% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.21% | 32.35% | -0.14% |
Dividends
CQP vs. LNG - Dividend Comparison
CQP's dividend yield for the trailing twelve months is around 5.36%, more than LNG's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 5.36% | 6.15% | 5.06% | 8.36% | 6.82% | 6.30% | 7.28% | 6.08% | 6.07% | 5.79% | 5.90% | 6.52% |
LNG Cheniere Energy, Inc. | 0.92% | 1.06% | 0.84% | 0.95% | 0.92% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CQP vs. LNG - Financials Comparison
This section allows you to compare key financial metrics between Cheniere Energy Partners, L.P. and Cheniere Energy, Inc.. 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. LNG - 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%.
LNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cheniere Energy, Inc. reported a gross profit of 0.00 and revenue of 5.87B. 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%.
LNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy, Inc. reported an operating income of -3.49B and revenue of 5.87B, resulting in an operating margin of -59.4%.
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%.
LNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy, Inc. reported a net income of -3.50B and revenue of 5.87B, resulting in a net margin of -59.7%.
Frequently Asked Questions
CQP and LNG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CQP has higher volatility (11.48%) compared to LNG (7.77%). In terms of maximum drawdown, CQP dropped -78.70% vs LNG's -97.84%.
CQP currently has the higher Sharpe Ratio (0.59 vs 0.06), 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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