CQP vs. NNN
CQP (Cheniere Energy Partners, L.P.) and NNN (NNN REIT, Inc.) are both stocks. CQP operates in Oil & Gas Midstream (Energy), while NNN operates in REIT - Retail (Real Estate). Over the past 10 years, CQP returned 15.16%/yr vs 3.97%/yr for NNN. At a 0.15 correlation, their price movements are largely independent.
Performance
CQP vs. NNN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CQP having a 21.30% return and NNN slightly higher at 21.41%. Over the past 10 years, CQP has outperformed NNN with an annualized return of 15.16%, while NNN has yielded a comparatively lower 3.97% annualized return.
CQP
- 1D
- -2.68%
- 1M
- -0.08%
- 6M
- 21.28%
- YTD
- 21.30%
- 1Y
- 23.79%
- 3Y*
- 16.92%
- 5Y*
- 14.13%
- 10Y*
- 15.16%
NNN
- 1D
- 0.56%
- 1M
- 0.39%
- 6M
- 17.24%
- YTD
- 21.41%
- 1Y
- 14.78%
- 3Y*
- 8.61%
- 5Y*
- 5.04%
- 10Y*
- 3.97%
CQP vs. NNN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 21.30% | 6.80% | 12.59% | -5.09% | 44.79% | 27.83% | -4.97% | 16.60% | 30.13% | 8.91% |
NNN NNN REIT, Inc. | 21.41% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
Correlation
The correlation between CQP and NNN is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2007 | 0.15 |
Fundamentals
CQP:
$30.56B
NNN:
$8.90B
CQP:
$5.21
NNN:
$2.05
CQP:
12.12
NNN:
22.83
CQP:
0.38
NNN:
2.59
CQP:
2.69
NNN:
9.45
CQP:
391.79
NNN:
2.02
CQP:
$11.37B
NNN:
$935.78M
CQP:
$3.20B
NNN:
$761.54M
CQP:
$3.96B
NNN:
$870.06M
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Return for Risk
CQP vs. NNN — Risk / Return Rank
CQP
NNN
CQP vs. NNN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy Partners, L.P. (CQP) and NNN REIT, Inc. (NNN). 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 | NNN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.69 | -0.42 |
| Martin ratioReturn relative to average drawdown | 3.33 | 3.87 | -0.54 |
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Drawdowns
CQP vs. NNN - Drawdown Comparison
The maximum CQP drawdown since its inception was -78.70%, which is greater than NNN's maximum drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for CQP and NNN.
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Drawdown Indicators
| CQP | NNN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -56.17% | -22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -8.83% | -8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -22.03% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -25.22% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -60.31% | -54.99% | -5.32% |
Current DrawdownCurrent decline from peak | -8.84% | -1.60% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -9.79% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 3.85% | +2.86% |
Volatility
CQP vs. NNN - Volatility Comparison
Cheniere Energy Partners, L.P. (CQP) has a higher volatility of 13.22% compared to NNN REIT, Inc. (NNN) at 5.73%. This indicates that CQP's price experiences larger fluctuations and is considered to be riskier than NNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CQP | NNN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.22% | 5.73% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.67% | 12.15% | +10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 17.10% | +11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.79% | 19.72% | +13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 28.10% | +4.19% |
Dividends
CQP vs. NNN - Dividend Comparison
CQP's dividend yield for the trailing twelve months is around 5.18%, which matches NNN's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 5.18% | 6.15% | 5.06% | 8.36% | 6.82% | 6.30% | 7.28% | 6.08% | 6.07% | 5.79% | 5.90% | 6.52% |
NNN NNN REIT, Inc. | 5.13% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
Financials
CQP vs. NNN - Financials Comparison
This section allows you to compare key financial metrics between Cheniere Energy Partners, L.P. and NNN REIT, 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. NNN - Profitability Comparison
CQP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
NNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.
CQP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
NNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.
CQP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
NNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.
Frequently Asked Questions
CQP and NNN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CQP has higher volatility (13.22%) compared to NNN (5.73%). In terms of maximum drawdown, CQP dropped -78.70% vs NNN's -56.17%.
NNN currently has the higher Sharpe Ratio (0.87 vs 0.79), 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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