EQT vs. LECO
EQT (EQT Corporation) and LECO (Lincoln Electric Holdings, Inc.) are both stocks. EQT operates in Oil & Gas E&P (Energy), while LECO operates in Tools & Accessories (Industrials). Over the past 10 years, EQT returned 3.39%/yr vs 17.79%/yr for LECO. At a 0.29 correlation, their price movements are largely independent.
Performance
EQT vs. LECO - 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 LECO's 8.12% return. Over the past 10 years, EQT has underperformed LECO with an annualized return of 3.39%, while LECO has yielded a comparatively higher 17.79% annualized return.
EQT
- 1D
- 1.45%
- 1M
- -7.13%
- YTD
- -2.55%
- 6M
- -6.00%
- 1Y
- -5.35%
- 3Y*
- 11.65%
- 5Y*
- 19.29%
- 10Y*
- 3.39%
LECO
- 1D
- 0.19%
- 1M
- -2.64%
- YTD
- 8.12%
- 6M
- 6.64%
- 1Y
- 28.05%
- 3Y*
- 11.30%
- 5Y*
- 16.64%
- 10Y*
- 17.79%
EQT vs. LECO - 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% |
LECO Lincoln Electric Holdings, Inc. | 8.12% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
Correlation
The correlation between EQT and LECO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 1995 | 0.29 |
The correlation between EQT and LECO shifts across timeframes, from -0.06 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
EQT:
$32.47B
LECO:
$14.29B
EQT:
$5.40
LECO:
$9.68
EQT:
9.61
LECO:
26.67
EQT:
0.08
LECO:
1.16
EQT:
3.21
LECO:
3.30
EQT:
1.29
LECO:
9.45
EQT:
$10.03B
LECO:
$4.35B
EQT:
$6.43B
LECO:
$1.57B
EQT:
$7.48B
LECO:
$807.88M
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Return for Risk
EQT vs. LECO — Risk / Return Rank
EQT
LECO
EQT vs. LECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EQT Corporation (EQT) and Lincoln Electric Holdings, Inc. (LECO). 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 | LECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.40 | -1.62 |
| Martin ratioReturn relative to average drawdown | -0.47 | 3.68 | -4.15 |
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Drawdowns
EQT vs. LECO - Drawdown Comparison
The maximum EQT drawdown since its inception was -91.51%, which is greater than LECO's maximum drawdown of -68.89%. Use the drawdown chart below to compare losses from any high point for EQT and LECO.
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Drawdown Indicators
| EQT | LECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.51% | -68.89% | -22.62% |
Max Drawdown (1Y)Largest decline over 1 year | -24.42% | -20.09% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -34.29% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -42.56% | -34.29% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -88.28% | -38.89% | -49.39% |
Current DrawdownCurrent decline from peak | -23.32% | -13.31% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -13.51% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 7.64% | +3.83% |
Volatility
EQT vs. LECO - Volatility Comparison
EQT Corporation (EQT) and Lincoln Electric Holdings, Inc. (LECO) have volatilities of 8.36% and 8.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQT | LECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 8.61% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 20.20% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.56% | 27.05% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.79% | 26.66% | +16.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.90% | 27.43% | +21.47% |
Dividends
EQT vs. LECO - Dividend Comparison
EQT's dividend yield for the trailing twelve months is around 1.26%, more than LECO's 1.19% 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% |
LECO Lincoln Electric Holdings, Inc. | 1.19% | 1.27% | 1.54% | 1.21% | 1.61% | 1.50% | 1.70% | 1.96% | 2.08% | 1.57% | 1.71% | 2.29% |
Financials
EQT vs. LECO - Financials Comparison
This section allows you to compare key financial metrics between EQT Corporation and Lincoln Electric Holdings, 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. LECO - 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%.
LECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 399.13M and revenue of 1.12B. Therefore, the gross margin over that period was 35.6%.
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%.
LECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported an operating income of 186.16M and revenue of 1.12B, resulting in an operating margin of 16.6%.
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%.
LECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a net income of 136.38M and revenue of 1.12B, resulting in a net margin of 12.2%.
Frequently Asked Questions
EQT and LECO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LECO has higher volatility (8.61%) compared to EQT (8.36%). In terms of maximum drawdown, EQT dropped -91.51% vs LECO's -68.89%.
LECO currently has the higher Sharpe Ratio (1.04 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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