EQT vs. STLD
EQT (EQT Corporation) and STLD (Steel Dynamics, Inc.) are both stocks. EQT operates in Oil & Gas E&P (Energy), while STLD operates in Steel (Basic Materials). Over the past 10 years, EQT returned 3.39%/yr vs 29.92%/yr for STLD. At a 0.32 correlation, their price movements are largely independent.
Performance
EQT vs. STLD - 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 STLD's 67.39% return. Over the past 10 years, EQT has underperformed STLD with an annualized return of 3.39%, while STLD has yielded a comparatively higher 29.92% 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%
STLD
- 1D
- 1.15%
- 1M
- 19.27%
- YTD
- 67.39%
- 6M
- 65.42%
- 1Y
- 117.36%
- 3Y*
- 40.23%
- 5Y*
- 36.27%
- 10Y*
- 29.92%
EQT vs. STLD - 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% |
STLD Steel Dynamics, Inc. | 67.39% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between EQT and STLD is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.32 |
The correlation between EQT and STLD shifts across timeframes, from -0.12 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
EQT:
$32.47B
STLD:
$40.94B
EQT:
$5.40
STLD:
$9.33
EQT:
9.61
STLD:
30.30
EQT:
3.21
STLD:
2.19
EQT:
1.29
STLD:
4.47
EQT:
$10.03B
STLD:
$19.01B
EQT:
$6.43B
STLD:
$2.66B
EQT:
$7.48B
STLD:
$2.23B
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Return for Risk
EQT vs. STLD — Risk / Return Rank
EQT
STLD
EQT vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EQT Corporation (EQT) and Steel Dynamics, Inc. (STLD). 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 | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.50 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 5.81 | -6.03 |
| Martin ratioReturn relative to average drawdown | -0.47 | 19.49 | -19.96 |
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Drawdowns
EQT vs. STLD - Drawdown Comparison
The maximum EQT drawdown since its inception was -91.51%, which is greater than STLD's maximum drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for EQT and STLD.
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Drawdown Indicators
| EQT | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.51% | -87.05% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -24.42% | -20.33% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -28.66% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -42.56% | -32.20% | -10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -88.28% | -68.46% | -19.82% |
Current DrawdownCurrent decline from peak | -23.32% | 0.00% | -23.32% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -33.27% | +9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 6.04% | +5.43% |
Volatility
EQT vs. STLD - Volatility Comparison
The current volatility for EQT Corporation (EQT) is 8.36%, while Steel Dynamics, Inc. (STLD) has a volatility of 9.70%. This indicates that EQT experiences smaller price fluctuations and is considered to be less risky than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQT | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 9.70% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 24.96% | -3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.56% | 33.38% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.79% | 38.03% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.90% | 39.31% | +9.59% |
Dividends
EQT vs. STLD - Dividend Comparison
EQT's dividend yield for the trailing twelve months is around 1.26%, more than STLD's 0.72% 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% |
STLD Steel Dynamics, Inc. | 0.72% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
EQT vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between EQT Corporation and Steel Dynamics, 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. STLD - 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%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a gross profit of 763.22M and revenue of 5.20B. Therefore, the gross margin over that period was 14.7%.
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%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
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%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a net income of 403.44M and revenue of 5.20B, resulting in a net margin of 7.8%.
Frequently Asked Questions
EQT and STLD have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STLD has higher volatility (9.70%) compared to EQT (8.36%). In terms of maximum drawdown, EQT dropped -91.51% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (3.54 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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