EOG vs. HES

Last updated Jun 3, 2026

EOG (EOG Resources, Inc.) and HES (Hess Corporation) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

EOG vs. HES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EOG Resources, Inc. (EOG) and Hess Corporation (HES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EOG

• 1D: 1.43%
• 1M: -0.27%
• YTD: 34.26%
• 6M: 29.27%
• 1Y: 28.90%
• 3Y*: 11.23%
• 5Y*: 15.36%
• 10Y*: 9.09%

HES

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EOG vs. HES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EOG EOG Resources, Inc.	34.26%	-11.37%	4.30%	-2.03%	56.88%	88.62%	-38.64%	-2.82%	-18.66%	7.47%
HES Hess Corporation	0.00%	12.77%	-6.49%	2.90%	94.02%	42.08%	-19.14%	67.71%	-13.14%	-22.06%

Correlation

The correlation between EOG and HES is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 5, 1989	0.61

Over the past year, the correlation between EOG and HES has dropped to 0.30 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Fundamentals

Total Revenue (TTM) EOG : $23.48B HES : $12.47B
Gross Profit (TTM) EOG : $11.38B HES : $7.43B
EBITDA (TTM) EOG : $14.73B HES : $6.60B

Return for Risk

EOG vs. HES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EOG

EOG Risk / Return Rank: 69
EOG Sharpe Ratio Rank: 74
EOG Sortino Ratio Rank: 67
EOG Omega Ratio Rank: 64
EOG Calmar Ratio Rank: 71
EOG Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EOG vs. HES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EOG Resources, Inc. (EOG) and Hess Corporation (HES). 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.

	EOG	HES	Difference
Sharpe ratio Return per unit of total volatility	1.11	—	—
Sortino ratio Return per unit of downside risk	1.62	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.74	—	—
Martin ratio Return relative to average drawdown	3.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EOG	HES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	—	—

Drawdowns

Drawdown Indicators

	EOG	HES	Difference
Max Drawdown Largest peak-to-trough decline	-77.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-18.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.13%	—	—
Current Drawdown Current decline from peak	-6.83%	—	—
Average Drawdown Average peak-to-trough decline	-21.98%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.47%	—	—

Volatility

Volatility by Period

	EOG	HES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.19%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.17%	—	—

Dividends

EOG vs. HES - Dividend Comparison

EOG's dividend yield for the trailing twelve months is around 2.91%, more than HES's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EOG EOG Resources, Inc.	2.91%	3.76%	2.97%	4.80%	6.79%	5.19%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%
HES Hess Corporation	0.34%	0.67%	1.41%	1.21%	1.06%	1.35%	1.89%	1.50%	2.47%	2.11%	1.61%	2.06%

Financials

Frequently Asked Questions

Can I hold both EOG and HES in my portfolio?

EOG and HES have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.