EQNR vs. HGRAF

Last updated Jun 10, 2026

EQNR (Equinor ASA) and HGRAF (HydroGraph Clean Power Inc) are both stocks. EQNR operates in Oil & Gas Integrated (Energy), while HGRAF operates in Specialty Chemicals (Basic Materials). Over the past 3 years, EQNR returned 18.01%/yr vs 291.76%/yr for HGRAF. At a 0.03 correlation, their price movements are largely independent.

Performance

EQNR vs. HGRAF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equinor ASA (EQNR) and HydroGraph Clean Power Inc (HGRAF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQNR achieves a 58.52% return, which is significantly lower than HGRAF's 153.16% return.

EQNR

• 1D: -2.69%
• 1M: 0.75%
• YTD: 58.52%
• 6M: 63.00%
• 1Y: 56.35%
• 3Y*: 18.01%
• 5Y*: 18.44%
• 10Y*: —

HGRAF

• 1D: -0.21%
• 1M: -5.69%
• YTD: 153.16%
• 6M: 127.96%
• 1Y: 2,815.15%
• 3Y*: 291.76%
• 5Y*: —
• 10Y*: —

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

EQNR vs. HGRAF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EQNR Equinor ASA	58.52%	7.70%	-15.98%	-0.78%	29.96%
HGRAF HydroGraph Clean Power Inc	153.16%	1,340.49%	85.77%	-36.80%	-45.57%

Correlation

The correlation between EQNR and HGRAF is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.03

Fundamentals

Market Cap EQNR : $91.58B HGRAF : $1.65B
EPS EQNR : $2.15 HGRAF : -$0.04
PS Ratio EQNR : 0.90 HGRAF : 16.52K
PB Ratio EQNR : 2.10 HGRAF : 34.05
Total Revenue (TTM) EQNR : $104.23B HGRAF : $90.39K
Gross Profit (TTM) EQNR : $36.46B HGRAF : -$5.70M
EBITDA (TTM) EQNR : $39.36B HGRAF : -$12.48M

Return for Risk

EQNR vs. HGRAF — Risk / Return Rank

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

EQNR

EQNR Risk / Return Rank: 81
EQNR Sharpe Ratio Rank: 84
EQNR Sortino Ratio Rank: 79
EQNR Omega Ratio Rank: 78
EQNR Calmar Ratio Rank: 85
EQNR Martin Ratio Rank: 79

HGRAF

HGRAF Risk / Return Rank: 99
HGRAF Sharpe Ratio Rank: 100
HGRAF Sortino Ratio Rank: 99
HGRAF Omega Ratio Rank: 98
HGRAF Calmar Ratio Rank: 100
HGRAF Martin Ratio Rank: 100

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.

EQNR vs. HGRAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinor ASA (EQNR) and HydroGraph Clean Power Inc (HGRAF). 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.

	EQNR	HGRAF	Difference
Sharpe ratio: Return per unit of total volatility	1.57	19.49	-17.92
Sortino ratio: Return per unit of downside risk	2.08	6.09	-4.02
Omega ratio: Gain probability vs. loss probability	1.27	1.75	-0.48
Calmar ratio: Return relative to maximum drawdown	3.20	57.30	-54.10
Martin ratio: Return relative to average drawdown	5.47	108.61	-103.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQNR vs. HGRAF - Sharpe Ratio Comparison

The current EQNR Sharpe Ratio is 1.57, which is lower than the HGRAF Sharpe Ratio of 19.49. The chart below compares the historical Sharpe Ratios of EQNR and HGRAF, 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

	EQNR	HGRAF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	19.49	-17.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.77	-0.48

Drawdowns

EQNR vs. HGRAF - Drawdown Comparison

The maximum EQNR drawdown since its inception was -66.77%, smaller than the maximum HGRAF drawdown of -74.81%. Use the drawdown chart below to compare losses from any high point for EQNR and HGRAF.

Drawdown Indicators

	EQNR	HGRAF	Difference
Max Drawdown Largest peak-to-trough decline	-66.77%	-74.81%	+8.04%
Max Drawdown (1Y) Largest decline over 1 year	-17.72%	-49.82%	+32.10%
Max Drawdown (3Y) Largest decline over 3 years	-27.58%	-51.71%	+24.13%
Max Drawdown (5Y) Largest decline over 5 years	-35.50%	—	—
Current Drawdown Current decline from peak	-12.82%	-41.70%	+28.88%
Average Drawdown Average peak-to-trough decline	-21.47%	-40.48%	+19.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.32%	26.23%	-15.91%

Volatility

EQNR vs. HGRAF - Volatility Comparison

The current volatility for Equinor ASA (EQNR) is 10.82%, while HydroGraph Clean Power Inc (HGRAF) has a volatility of 16.14%. This indicates that EQNR experiences smaller price fluctuations and is considered to be less risky than HGRAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQNR	HGRAF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	16.14%	-5.32%
Volatility (6M) Calculated over the trailing 6-month period	29.77%	77.26%	-47.49%
Volatility (1Y) Calculated over the trailing 1-year period	36.00%	146.72%	-110.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.88%	138.93%	-105.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.26%	138.93%	-102.67%

Dividends

EQNR vs. HGRAF - Dividend Comparison

EQNR's dividend yield for the trailing twelve months is around 4.10%, while HGRAF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQNR Equinor ASA	4.10%	7.66%	12.66%	11.38%	3.30%	2.13%	4.32%	5.07%	3.26%
HGRAF HydroGraph Clean Power Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both EQNR and HGRAF in my portfolio?

EQNR and HGRAF have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQNR or HGRAF?

HGRAF has higher volatility (16.14%) compared to EQNR (10.82%). In terms of maximum drawdown, EQNR dropped -66.77% vs HGRAF's -74.81%.

Which has better risk-adjusted returns?

HGRAF currently has the higher Sharpe Ratio (19.49 vs 1.57), 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.