EQNR vs. SMNEY

Last updated Jun 4, 2026

EQNR (Equinor ASA) and SMNEY (Siemens Energy AG) are both stocks. EQNR operates in Oil & Gas Integrated (Energy), while SMNEY operates in Specialty Industrial Machinery (Industrials). At a 0.13 correlation, their price movements are largely independent.

Performance

EQNR vs. SMNEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equinor ASA (EQNR) and Siemens Energy AG (SMNEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EQNR

• 1D: 0.34%
• 1M: -7.22%
• YTD: 64.41%
• 6M: 66.02%
• 1Y: 65.04%
• 3Y*: 22.79%
• 5Y*: 19.14%
• 10Y*: —

SMNEY

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

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

EQNR vs. SMNEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EQNR Equinor ASA	64.41%	7.70%	-15.98%	-0.78%	40.77%	64.55%	-0.97%
SMNEY Siemens Energy AG	25.32%	167.97%	298.17%	-29.76%	-27.66%	-31.90%	21.11%

Correlation

The correlation between EQNR and SMNEY is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Dec 15, 2020	0.13

The correlation between EQNR and SMNEY shifts across timeframes, from -0.07 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EQNR : $94.99B SMNEY : $152.45B
EPS EQNR : $2.15 SMNEY : $2.16
PE Ratio EQNR : 17.67 SMNEY : 81.35
PEG Ratio EQNR : 0.55 SMNEY : 0.76
PS Ratio EQNR : 0.94 SMNEY : 3.93
PB Ratio EQNR : 2.18 SMNEY : 13.51
Total Revenue (TTM) EQNR : $104.23B SMNEY : $39.81B
Gross Profit (TTM) EQNR : $36.46B SMNEY : $7.27B
EBITDA (TTM) EQNR : $39.36B SMNEY : $4.73B

Return for Risk

EQNR vs. SMNEY — Risk / Return Rank

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

EQNR

EQNR Risk / Return Rank: 82
EQNR Sharpe Ratio Rank: 85
EQNR Sortino Ratio Rank: 79
EQNR Omega Ratio Rank: 80
EQNR Calmar Ratio Rank: 86
EQNR Martin Ratio Rank: 79

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. SMNEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinor ASA (EQNR) and Siemens Energy AG (SMNEY). 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	SMNEY	Difference
Sharpe ratio Return per unit of total volatility	1.83	—	—
Sortino ratio Return per unit of downside risk	2.31	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	3.69	—	—
Martin ratio Return relative to average drawdown	6.38	—	—
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

	EQNR	SMNEY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	—	—

Drawdowns

Drawdown Indicators

	EQNR	SMNEY	Difference
Max Drawdown Largest peak-to-trough decline	-66.77%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.50%	—	—
Current Drawdown Current decline from peak	-9.58%	—	—
Average Drawdown Average peak-to-trough decline	-21.50%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	—	—

Volatility

Volatility by Period

	EQNR	SMNEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.28%	—	—

Dividends

EQNR vs. SMNEY - Dividend Comparison

EQNR's dividend yield for the trailing twelve months is around 3.95%, while SMNEY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQNR Equinor ASA	3.95%	7.66%	12.66%	11.38%	3.30%	2.13%	4.32%	5.07%	3.26%
SMNEY Siemens Energy AG	0.00%	0.00%	0.00%	0.00%	0.61%	0.00%	0.00%	0.00%	0.00%

Financials

EQNR vs. SMNEY - Profitability Comparison

The chart below illustrates the profitability comparison between Equinor ASA and Siemens Energy AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EQNR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinor ASA reported a gross profit of 12.33B and revenue of 27.82B. Therefore, the gross margin over that period was 44.3%.

SMNEY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Siemens Energy AG reported a gross profit of 2.09B and revenue of 9.68B. Therefore, the gross margin over that period was 21.6%.

EQNR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinor ASA reported an operating income of 8.80B and revenue of 27.82B, resulting in an operating margin of 31.7%.

SMNEY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Siemens Energy AG reported an operating income of 962.00M and revenue of 9.68B, resulting in an operating margin of 9.9%.

EQNR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinor ASA reported a net income of 3.11B and revenue of 27.82B, resulting in a net margin of 11.2%.

SMNEY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Siemens Energy AG reported a net income of 677.00M and revenue of 9.68B, resulting in a net margin of 7.0%.

Frequently Asked Questions

Can I hold both EQNR and SMNEY in my portfolio?

EQNR and SMNEY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.