EPD vs. MPLX
EPD (Enterprise Products Partners L.P.) and MPLX (MPLX LP) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, EPD returned 10.55%/yr vs 14.99%/yr for MPLX. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
EPD vs. MPLX - Performance Comparison
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Returns By Period
In the year-to-date period, EPD achieves a 22.17% return, which is significantly higher than MPLX's 7.63% return. Over the past 10 years, EPD has underperformed MPLX with an annualized return of 10.55%, while MPLX has yielded a comparatively higher 14.99% annualized return.
EPD
- 1D
- 0.74%
- 1M
- -1.76%
- YTD
- 22.17%
- 6M
- 21.90%
- 1Y
- 28.84%
- 3Y*
- 21.77%
- 5Y*
- 17.36%
- 10Y*
- 10.55%
MPLX
- 1D
- -0.75%
- 1M
- -1.46%
- YTD
- 7.63%
- 6M
- 4.78%
- 1Y
- 15.40%
- 3Y*
- 27.99%
- 5Y*
- 24.22%
- 10Y*
- 14.99%
EPD vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 22.17% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
MPLX MPLX LP | 7.63% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
Correlation
The correlation between EPD and MPLX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2012 | 0.55 |
The correlation between EPD and MPLX shifts across timeframes, from 0.46 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EPD:
$2.69
MPLX:
$6.16
EPD:
14.11
MPLX:
8.97
EPD:
2.27
MPLX:
0.62
EPD:
1.61
MPLX:
3.37
EPD:
$51.57B
MPLX:
$12.54B
EPD:
$7.31B
MPLX:
$7.52B
EPD:
$10.11B
MPLX:
$6.90B
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Return for Risk
EPD vs. MPLX — Risk / Return Rank
EPD
MPLX
EPD vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) and MPLX LP (MPLX). 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 | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.01 | +1.82 |
| Martin ratioReturn relative to average drawdown | 11.90 | 4.73 | +7.17 |
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 | MPLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.99 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.26 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.49 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.39 | +0.15 |
Drawdowns
EPD vs. MPLX - Drawdown Comparison
The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for EPD and MPLX.
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Drawdown Indicators
| EPD | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -85.72% | +26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -7.71% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -14.58% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -18.46% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -58.04% | -75.21% | +17.17% |
Current DrawdownCurrent decline from peak | -4.55% | -4.79% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -30.01% | +19.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 3.27% | -0.84% |
Volatility
EPD vs. MPLX - Volatility Comparison
Enterprise Products Partners L.P. (EPD) has a higher volatility of 6.55% compared to MPLX LP (MPLX) at 5.51%. This indicates that EPD's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPD | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 5.51% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 11.65% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 15.59% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 19.40% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 30.66% | -6.50% |
Dividends
EPD vs. MPLX - Dividend Comparison
EPD's dividend yield for the trailing twelve months is around 5.76%, less than MPLX's 7.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.76% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
MPLX MPLX LP | 7.58% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Financials
EPD vs. MPLX - Financials Comparison
This section allows you to compare key financial metrics between Enterprise Products Partners L.P. and MPLX 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. MPLX - 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%.
MPLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MPLX LP reported a gross profit of 2.64B and revenue of 3.04B. Therefore, the gross margin over that period was 86.8%.
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%.
MPLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MPLX LP reported an operating income of 1.21B and revenue of 3.04B, resulting in an operating margin of 40.0%.
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%.
MPLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MPLX LP reported a net income of 922.00M and revenue of 3.04B, resulting in a net margin of 30.4%.
Frequently Asked Questions
EPD and MPLX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPD has higher volatility (6.55%) compared to MPLX (5.51%). In terms of maximum drawdown, EPD dropped -58.78% vs MPLX's -85.72%.
EPD currently has the higher Sharpe Ratio (1.82 vs 0.99), 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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