EPD vs. ET
EPD (Enterprise Products Partners L.P.) and ET (Energy Transfer LP) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, EPD returned 10.45%/yr vs 13.08%/yr for ET. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
EPD vs. ET - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EPD having a 20.66% return and ET slightly higher at 21.54%. Over the past 10 years, EPD has underperformed ET with an annualized return of 10.45%, while ET has yielded a comparatively higher 13.08% 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%
ET
- 1D
- -0.26%
- 1M
- -0.00%
- YTD
- 21.54%
- 6M
- 19.30%
- 1Y
- 16.21%
- 3Y*
- 24.40%
- 5Y*
- 21.43%
- 10Y*
- 13.08%
EPD vs. ET - 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% |
ET Energy Transfer LP | 21.54% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between EPD and ET is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.57 |
The correlation between EPD and ET shifts across timeframes, from 0.53 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EPD:
$82.06B
ET:
$66.87B
EPD:
$2.69
ET:
$1.36
EPD:
13.93
ET:
14.21
EPD:
1.59
ET:
0.77
EPD:
$51.57B
ET:
$89.38B
EPD:
$7.31B
ET:
$20.48B
EPD:
$10.11B
ET:
$13.02B
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Return for Risk
EPD vs. ET — Risk / Return Rank
EPD
ET
EPD vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) and Energy Transfer LP (ET). 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 | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 1.62 | +2.01 |
| Martin ratioReturn relative to average drawdown | 11.00 | 3.55 | +7.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EPD | ET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.01 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.87 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.38 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.36 | +0.18 |
Drawdowns
EPD vs. ET - Drawdown Comparison
The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for EPD and ET.
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Drawdown Indicators
| EPD | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -87.81% | +29.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -10.02% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -24.56% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -25.82% | +7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -58.04% | -72.82% | +14.78% |
Current DrawdownCurrent decline from peak | -5.73% | -5.15% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -25.74% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 4.57% | -2.08% |
Volatility
EPD vs. ET - Volatility Comparison
Enterprise Products Partners L.P. (EPD) has a higher volatility of 6.17% compared to Energy Transfer LP (ET) at 5.27%. This indicates that EPD's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPD | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 5.27% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 11.84% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 16.12% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 24.87% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 35.02% | -10.86% |
Dividends
EPD vs. ET - Dividend Comparison
EPD's dividend yield for the trailing twelve months is around 5.84%, less than ET's 6.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ET Energy Transfer LP | 6.90% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
Financials
EPD vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Enterprise Products Partners L.P. and Energy Transfer LP. 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
EPD vs. ET - Profitability Comparison
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%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
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%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
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%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
EPD and ET have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPD has higher volatility (6.17%) compared to ET (5.27%). In terms of maximum drawdown, EPD dropped -58.78% vs ET's -87.81%.
EPD currently has the higher Sharpe Ratio (1.74 vs 1.01), 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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