EOG vs. COP
EOG (EOG Resources, Inc.) and COP (ConocoPhillips Company) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, EOG returned 8.45%/yr vs 13.23%/yr for COP. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
EOG vs. COP - Performance Comparison
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Returns By Period
In the year-to-date period, EOG achieves a 28.69% return, which is significantly higher than COP's 18.98% return. Over the past 10 years, EOG has underperformed COP with an annualized return of 8.45%, while COP has yielded a comparatively higher 13.23% annualized return.
EOG
- 1D
- 2.19%
- 1M
- -5.94%
- YTD
- 28.69%
- 6M
- 30.67%
- 1Y
- 9.77%
- 3Y*
- 11.39%
- 5Y*
- 14.68%
- 10Y*
- 8.45%
COP
- 1D
- 1.82%
- 1M
- -8.93%
- YTD
- 18.98%
- 6M
- 19.36%
- 1Y
- 19.69%
- 3Y*
- 6.42%
- 5Y*
- 16.67%
- 10Y*
- 13.23%
EOG vs. COP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOG EOG Resources, Inc. | 28.69% | -11.37% | 4.30% | -2.03% | 56.88% | 88.62% | -38.64% | -2.82% | -18.66% | 7.47% |
COP ConocoPhillips Company | 18.98% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
Correlation
The correlation between EOG and COP is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1989 | 0.60 |
Over the past year, EOG and COP have become more correlated (0.84) than their long-term average of 0.60, meaning their price movements have been converging.
Fundamentals
EOG:
$71.06B
COP:
$134.38B
EOG:
$10.16
COP:
$5.90
EOG:
13.07
COP:
18.60
EOG:
1.66
COP:
1.07
EOG:
3.06
COP:
2.34
EOG:
2.30
COP:
2.08
EOG:
$23.48B
COP:
$58.31B
EOG:
$11.38B
COP:
$17.02B
EOG:
$14.73B
COP:
$22.44B
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Return for Risk
EOG vs. COP — Risk / Return Rank
EOG
COP
EOG vs. COP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EOG Resources, Inc. (EOG) and ConocoPhillips Company (COP). 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.
| EOG | COP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.05 | -0.52 |
| Martin ratioReturn relative to average drawdown | 1.02 | 2.79 | -1.77 |
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Drawdowns
EOG vs. COP - Drawdown Comparison
The maximum EOG drawdown since its inception was -77.13%, smaller than the maximum COP drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for EOG and COP.
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Drawdown Indicators
| EOG | COP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.13% | -84.55% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.51% | -18.88% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -36.19% | +12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -33.42% | -36.19% | +2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -77.13% | -70.66% | -6.47% |
Current DrawdownCurrent decline from peak | -10.69% | -17.40% | +6.71% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -25.48% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 7.11% | +2.57% |
Volatility
EOG vs. COP - Volatility Comparison
EOG Resources, Inc. (EOG) and ConocoPhillips Company (COP) have volatilities of 8.94% and 9.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOG | COP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 9.15% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 20.84% | 22.91% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.27% | 29.65% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.82% | 32.77% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.15% | 37.66% | +1.49% |
Dividends
EOG vs. COP - Dividend Comparison
EOG's dividend yield for the trailing twelve months is around 3.04%, which matches COP's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 3.01% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
EOG EOG Resources, Inc. | 3.04% | 3.76% | 2.97% | 4.80% | 6.79% | 5.19% | 2.83% | 1.21% | 0.87% | 0.62% | 0.66% | 0.95% |
Financials
EOG vs. COP - Financials Comparison
This section allows you to compare key financial metrics between EOG Resources, Inc. and ConocoPhillips Company. 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
EOG vs. COP - Profitability Comparison
EOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported a gross profit of 0.00 and revenue of 6.76B. Therefore, the gross margin over that period was 0.0%.
COP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a gross profit of 7.50B and revenue of 16.05B. Therefore, the gross margin over that period was 46.7%.
EOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported an operating income of 2.60B and revenue of 6.76B, resulting in an operating margin of 38.4%.
COP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported an operating income of 3.36B and revenue of 16.05B, resulting in an operating margin of 21.0%.
EOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported a net income of 1.98B and revenue of 6.76B, resulting in a net margin of 29.3%.
COP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a net income of 2.18B and revenue of 16.05B, resulting in a net margin of 13.6%.
Frequently Asked Questions
EOG and COP have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COP has higher volatility (9.15%) compared to EOG (8.94%). In terms of maximum drawdown, EOG dropped -77.13% vs COP's -84.55%.
COP currently has the higher Sharpe Ratio (0.67 vs 0.37), 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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