EQT vs. FCX
EQT (EQT Corporation) and FCX (Freeport-McMoRan Inc.) are both stocks. EQT operates in Oil & Gas E&P (Energy), while FCX operates in Copper (Basic Materials). Over the past 10 years, EQT returned 3.39%/yr vs 22.12%/yr for FCX. At a 0.32 correlation, their price movements are largely independent.
Performance
EQT vs. FCX - Performance Comparison
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Returns By Period
In the year-to-date period, EQT achieves a -2.55% return, which is significantly lower than FCX's 35.32% return. Over the past 10 years, EQT has underperformed FCX with an annualized return of 3.39%, while FCX has yielded a comparatively higher 22.12% annualized return.
EQT
- 1D
- 1.45%
- 1M
- -7.61%
- YTD
- -2.55%
- 6M
- -6.00%
- 1Y
- -7.55%
- 3Y*
- 11.65%
- 5Y*
- 19.29%
- 10Y*
- 3.39%
FCX
- 1D
- 3.12%
- 1M
- 8.57%
- YTD
- 35.32%
- 6M
- 45.06%
- 1Y
- 69.04%
- 3Y*
- 21.38%
- 5Y*
- 12.26%
- 10Y*
- 22.12%
EQT vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | -2.55% | 17.64% | 21.41% | 16.20% | 57.64% | 71.60% | 17.27% | -41.82% | -38.82% | -12.80% |
FCX Freeport-McMoRan Inc. | 35.32% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
Correlation
The correlation between EQT and FCX is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1995 | 0.32 |
The correlation between EQT and FCX shifts across timeframes, from -0.00 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EQT:
$32.47B
FCX:
$98.78B
EQT:
$5.40
FCX:
$1.89
EQT:
9.61
FCX:
36.13
EQT:
3.21
FCX:
3.74
EQT:
1.29
FCX:
5.06
EQT:
$10.03B
FCX:
$26.42B
EQT:
$6.43B
FCX:
$7.35B
EQT:
$7.48B
FCX:
$9.59B
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Return for Risk
EQT vs. FCX — Risk / Return Rank
EQT
FCX
EQT vs. FCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EQT Corporation (EQT) and Freeport-McMoRan Inc. (FCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EQT | FCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.75 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.47 | 6.85 | -7.32 |
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Drawdowns
EQT vs. FCX - Drawdown Comparison
The maximum EQT drawdown since its inception was -91.51%, roughly equal to the maximum FCX drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for EQT and FCX.
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Drawdown Indicators
| EQT | FCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.51% | -92.52% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.42% | -24.90% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -46.34% | +14.72% |
Max Drawdown (5Y)Largest decline over 5 years | -42.56% | -51.47% | +8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -88.28% | -72.59% | -15.69% |
Current DrawdownCurrent decline from peak | -23.32% | -4.62% | -18.70% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -39.62% | +16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 9.97% | +1.50% |
Volatility
EQT vs. FCX - Volatility Comparison
The current volatility for EQT Corporation (EQT) is 8.36%, while Freeport-McMoRan Inc. (FCX) has a volatility of 17.98%. This indicates that EQT experiences smaller price fluctuations and is considered to be less risky than FCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQT | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 17.98% | -9.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 37.53% | -16.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.56% | 48.88% | -16.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.79% | 45.14% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.90% | 48.65% | +0.25% |
Dividends
EQT vs. FCX - Dividend Comparison
EQT's dividend yield for the trailing twelve months is around 1.26%, more than FCX's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | 1.26% | 1.19% | 1.37% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% |
FCX Freeport-McMoRan Inc. | 0.88% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
Financials
EQT vs. FCX - Financials Comparison
This section allows you to compare key financial metrics between EQT Corporation and Freeport-McMoRan Inc.. 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. FCX - 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%.
FCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a gross profit of 1.66B and revenue of 6.23B. Therefore, the gross margin over that period was 26.6%.
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%.
FCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported an operating income of 2.14B and revenue of 6.23B, resulting in an operating margin of 34.3%.
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%.
FCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a net income of 881.00M and revenue of 6.23B, resulting in a net margin of 14.1%.
Frequently Asked Questions
EQT and FCX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (17.98%) compared to EQT (8.36%). In terms of maximum drawdown, EQT dropped -91.51% vs FCX's -92.52%.
FCX currently has the higher Sharpe Ratio (1.40 vs -0.17), 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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