EQT vs. ET
EQT (EQT Corporation) and ET (Energy Transfer LP) are both stocks. Both are in the Energy sector — EQT in Oil & Gas E&P, ET in Oil & Gas Midstream. Over the past 10 years, EQT returned 4.02%/yr vs 12.65%/yr for ET. At a 0.39 correlation, their price movements are largely independent.
Performance
EQT vs. ET - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EQT achieves a 2.20% return, which is significantly lower than ET's 22.86% return. Over the past 10 years, EQT has underperformed ET with an annualized return of 4.02%, while ET has yielded a comparatively higher 12.65% annualized return.
EQT
- 1D
- -0.38%
- 1M
- -7.54%
- YTD
- 2.20%
- 6M
- -10.45%
- 1Y
- -2.72%
- 3Y*
- 15.86%
- 5Y*
- 22.14%
- 10Y*
- 4.02%
ET
- 1D
- 0.05%
- 1M
- -0.96%
- YTD
- 22.86%
- 6M
- 21.25%
- 1Y
- 17.66%
- 3Y*
- 24.39%
- 5Y*
- 21.90%
- 10Y*
- 12.65%
EQT vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | 2.20% | 17.64% | 21.41% | 16.20% | 57.64% | 71.60% | 17.27% | -41.82% | -38.82% | -12.80% |
ET Energy Transfer LP | 22.86% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between EQT and ET is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.39 |
The correlation between EQT and ET shifts across timeframes, from 0.32 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EQT:
$34.05B
ET:
$67.59B
EQT:
$5.40
ET:
$1.36
EQT:
10.08
ET:
14.36
EQT:
3.37
ET:
0.78
EQT:
1.36
ET:
1.36
EQT:
$10.03B
ET:
$89.38B
EQT:
$6.43B
ET:
$20.48B
EQT:
$7.48B
ET:
$13.02B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EQT vs. ET — Risk / Return Rank
EQT
ET
EQT vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EQT Corporation (EQT) 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.
| EQT | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.77 | -1.91 |
| Martin ratioReturn relative to average drawdown | -0.25 | 3.90 | -4.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EQT | ET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 1.09 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.89 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.36 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.36 | -0.06 |
Drawdowns
EQT vs. ET - Drawdown Comparison
The maximum EQT drawdown since its inception was -91.51%, roughly equal to the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for EQT and ET.
Loading charts...
Drawdown Indicators
| EQT | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.51% | -87.81% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -19.59% | -10.02% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -24.56% | -7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -42.56% | -25.82% | -16.74% |
Max Drawdown (10Y)Largest decline over 10 years | -88.28% | -72.82% | -15.46% |
Current DrawdownCurrent decline from peak | -19.59% | -4.12% | -15.47% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -25.75% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.88% | 4.55% | +6.33% |
Volatility
EQT vs. ET - Volatility Comparison
EQT Corporation (EQT) has a higher volatility of 7.67% compared to Energy Transfer LP (ET) at 5.97%. This indicates that EQT'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.
Loading charts...
Volatility by Period
| EQT | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 5.97% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 11.89% | +9.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.54% | 16.42% | +16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.80% | 24.90% | +17.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.92% | 35.04% | +13.88% |
Dividends
EQT vs. ET - Dividend Comparison
EQT's dividend yield for the trailing twelve months is around 1.20%, less than ET's 6.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | 1.20% | 1.19% | 1.37% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% |
ET Energy Transfer LP | 6.83% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
Financials
EQT vs. ET - Financials Comparison
This section allows you to compare key financial metrics between EQT Corporation 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
EQT vs. ET - Profitability Comparison
EQT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a gross profit of 3.32B and revenue of 3.38B. Therefore, the gross margin over that period was 98.4%.
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%.
EQT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported an operating income of 2.04B and revenue of 3.38B, resulting in an operating margin of 60.3%.
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%.
EQT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a net income of 1.55B and revenue of 3.38B, resulting in a net margin of 46.0%.
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
EQT and ET have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQT has higher volatility (7.67%) compared to ET (5.97%). In terms of maximum drawdown, EQT dropped -91.51% vs ET's -87.81%.
ET currently has the higher Sharpe Ratio (1.09 vs -0.08), 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.
Find the right allocation for EQT and ET
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer