EPD vs. DX

Last updated Jun 9, 2026

EPD (Enterprise Products Partners L.P.) and DX (Dynex Capital, Inc.) are both stocks. EPD operates in Oil & Gas Midstream (Energy), while DX operates in REIT - Mortgage (Real Estate). Over the past 10 years, EPD returned 10.45%/yr vs 7.34%/yr for DX. At a 0.19 correlation, their price movements are largely independent.

Performance

EPD vs. DX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enterprise Products Partners L.P. (EPD) and Dynex Capital, Inc. (DX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPD achieves a 20.66% return, which is significantly higher than DX's -2.00% return. Over the past 10 years, EPD has outperformed DX with an annualized return of 10.45%, while DX has yielded a comparatively lower 7.34% annualized return.

EPD

• 1D: -0.77%
• 1M: 0.89%
• YTD: 20.66%
• 6M: 18.26%
• 1Y: 27.33%
• 3Y*: 21.14%
• 5Y*: 16.72%
• 10Y*: 10.45%

DX

• 1D: -1.09%
• 1M: -3.80%
• YTD: -2.00%
• 6M: -1.37%
• 1Y: 22.41%
• 3Y*: 17.30%
• 5Y*: 3.34%
• 10Y*: 7.34%

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

EPD vs. DX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPD Enterprise Products Partners L.P.	20.66%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%
DX Dynex Capital, Inc.	-2.00%	29.48%	13.64%	11.91%	-15.39%	2.25%	17.09%	11.12%	-8.46%	13.80%

Correlation

The correlation between EPD and DX is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jul 29, 1998	0.19

The correlation between EPD and DX shifts across timeframes, from 0.09 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EPD : $82.06B DX : $2.55B
EPS EPD : $2.69 DX : $1.59
PE Ratio EPD : 13.93 DX : 8.00
PS Ratio EPD : 1.59 DX : 2.78
Total Revenue (TTM) EPD : $51.57B DX : $695.85M
Gross Profit (TTM) EPD : $7.31B DX : $695.85M
EBITDA (TTM) EPD : $10.11B DX : $900.29M

Return for Risk

EPD vs. DX — Risk / Return Rank

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

EPD

EPD Risk / Return Rank: 85
EPD Sharpe Ratio Rank: 86
EPD Sortino Ratio Rank: 83
EPD Omega Ratio Rank: 82
EPD Calmar Ratio Rank: 87
EPD Martin Ratio Rank: 89

DX

DX Risk / Return Rank: 73
DX Sharpe Ratio Rank: 79
DX Sortino Ratio Rank: 73
DX Omega Ratio Rank: 71
DX Calmar Ratio Rank: 70
DX Martin Ratio Rank: 75

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.

EPD vs. DX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) and Dynex Capital, Inc. (DX). 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.

	EPD	DX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.28	+0.46
Sortino ratio: Return per unit of downside risk	2.49	1.83	+0.66
Omega ratio: Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio: Return relative to maximum drawdown	3.63	1.47	+2.16
Martin ratio: Return relative to average drawdown	11.00	4.60	+6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPD vs. DX - Sharpe Ratio Comparison

The current EPD Sharpe Ratio is 1.74, which is higher than the DX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of EPD and DX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EPD	DX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.28	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.14	+0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.25	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.17	+0.36

Drawdowns

EPD vs. DX - Drawdown Comparison

The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for EPD and DX.

Drawdown Indicators

	EPD	DX	Difference
Max Drawdown Largest peak-to-trough decline	-58.78%	-99.12%	+40.34%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-15.27%	+7.71%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	-25.81%	+10.41%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-38.63%	+20.57%
Max Drawdown (10Y) Largest decline over 10 years	-58.04%	-56.76%	-1.28%
Current Drawdown Current decline from peak	-5.73%	-32.93%	+27.20%
Average Drawdown Average peak-to-trough decline	-10.13%	-56.81%	+46.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	4.89%	-2.40%

Volatility

EPD vs. DX - Volatility Comparison

Enterprise Products Partners L.P. (EPD) has a higher volatility of 6.17% compared to Dynex Capital, Inc. (DX) at 4.62%. This indicates that EPD's price experiences larger fluctuations and is considered to be riskier than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPD	DX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	4.62%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	13.63%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	17.57%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	23.87%	-6.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.16%	29.89%	-5.73%

Dividends

EPD vs. DX - Dividend Comparison

EPD's dividend yield for the trailing twelve months is around 5.84%, less than DX's 16.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DX Dynex Capital, Inc.	16.03%	14.13%	11.46%	12.46%	12.26%	9.34%	9.33%	11.87%	12.59%	10.27%	12.32%	15.12%
EPD Enterprise Products Partners L.P.	5.84%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%

Financials

EPD vs. DX - Profitability Comparison

The chart below illustrates the profitability comparison between Enterprise Products Partners L.P. and Dynex Capital, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.

DX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a gross profit of 257.39M and revenue of 257.39M. Therefore, the gross margin over that period was 100.0%.

EPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.

DX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported an operating income of 236.91M and revenue of 257.39M, resulting in an operating margin of 92.0%.

EPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.

DX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a net income of -80.36M and revenue of 257.39M, resulting in a net margin of -31.2%.

Frequently Asked Questions

Can I hold both EPD and DX in my portfolio?

EPD and DX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPD or DX?

EPD has higher volatility (6.17%) compared to DX (4.62%). In terms of maximum drawdown, EPD dropped -58.78% vs DX's -99.12%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.74 vs 1.28), 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.