ET vs. RIOT

Last updated Jun 9, 2026

ET (Energy Transfer LP) and RIOT (Riot Platforms, Inc.) are both stocks. ET operates in Oil & Gas Midstream (Energy), while RIOT operates in Software - Application (Technology). Over the past 10 years, ET returned 13.08%/yr vs 23.47%/yr for RIOT. At a 0.16 correlation, their price movements are largely independent.

Performance

ET vs. RIOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Energy Transfer LP (ET) and Riot Platforms, Inc. (RIOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ET achieves a 21.54% return, which is significantly lower than RIOT's 102.76% return. Over the past 10 years, ET has underperformed RIOT with an annualized return of 13.08%, while RIOT has yielded a comparatively higher 23.47% annualized return.

ET

• 1D: -0.26%
• 1M: -0.00%
• YTD: 21.54%
• 6M: 19.30%
• 1Y: 16.21%
• 3Y*: 24.40%
• 5Y*: 21.43%
• 10Y*: 13.08%

RIOT

• 1D: 4.18%
• 1M: 6.69%
• YTD: 102.76%
• 6M: 71.72%
• 1Y: 160.81%
• 3Y*: 35.48%
• 5Y*: -3.94%
• 10Y*: 23.47%

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

ET vs. RIOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ET Energy Transfer LP	21.54%	-9.37%	53.87%	27.87%	55.74%	42.96%	-44.92%	5.88%	-17.74%	-4.66%
RIOT Riot Platforms, Inc.	102.76%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-94.68%	729.34%

Correlation

The correlation between ET and RIOT 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	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006	0.16

The correlation between ET and RIOT shifts across timeframes, from 0.07 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ET : $66.87B RIOT : $8.93B
EPS ET : $1.36 RIOT : -$2.35
PS Ratio ET : 0.77 RIOT : 14.49
PB Ratio ET : 1.34 RIOT : 3.73
Total Revenue (TTM) ET : $89.38B RIOT : $653.27M
Gross Profit (TTM) ET : $20.48B RIOT : $179.76M
EBITDA (TTM) ET : $13.02B RIOT : -$482.33M

Return for Risk

ET vs. RIOT — Risk / Return Rank

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

ET

ET Risk / Return Rank: 69
ET Sharpe Ratio Rank: 73
ET Sortino Ratio Rank: 68
ET Omega Ratio Rank: 63
ET Calmar Ratio Rank: 71
ET Martin Ratio Rank: 70

RIOT

RIOT Risk / Return Rank: 84
RIOT Sharpe Ratio Rank: 88
RIOT Sortino Ratio Rank: 83
RIOT Omega Ratio Rank: 80
RIOT Calmar Ratio Rank: 85
RIOT Martin Ratio Rank: 81

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.

ET vs. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) and Riot Platforms, Inc. (RIOT). 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.

	ET	RIOT	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.93	-0.92
Sortino ratio: Return per unit of downside risk	1.59	2.44	-0.85
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.12
Calmar ratio: Return relative to maximum drawdown	1.62	3.33	-1.71
Martin ratio: Return relative to average drawdown	3.55	6.59	-3.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ET vs. RIOT - Sharpe Ratio Comparison

The current ET Sharpe Ratio is 1.01, which is lower than the RIOT Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of ET and RIOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ET	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.93	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	-0.04	+0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.21	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	-0.13	+0.49

Drawdowns

ET vs. RIOT - Drawdown Comparison

The maximum ET drawdown since its inception was -87.81%, smaller than the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ET and RIOT.

Drawdown Indicators

	ET	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-87.81%	-99.98%	+12.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-48.57%	+38.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-69.00%	+44.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.82%	-92.55%	+66.73%
Max Drawdown (10Y) Largest decline over 10 years	-72.82%	-98.32%	+25.50%
Current Drawdown Current decline from peak	-5.15%	-99.20%	+94.05%
Average Drawdown Average peak-to-trough decline	-25.74%	-87.84%	+62.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	24.50%	-19.93%

Volatility

ET vs. RIOT - Volatility Comparison

The current volatility for Energy Transfer LP (ET) is 5.27%, while Riot Platforms, Inc. (RIOT) has a volatility of 18.52%. This indicates that ET experiences smaller price fluctuations and is considered to be less risky than RIOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ET	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	18.52%	-13.25%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	61.65%	-49.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	83.90%	-67.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.87%	93.91%	-69.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.02%	112.17%	-77.15%

Dividends

ET vs. RIOT - Dividend Comparison

ET's dividend yield for the trailing twelve months is around 6.90%, while RIOT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ET Energy Transfer LP	6.90%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%
RIOT Riot Platforms, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ET and RIOT in my portfolio?

ET and RIOT 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.

Which is riskier, ET or RIOT?

RIOT has higher volatility (18.52%) compared to ET (5.27%). In terms of maximum drawdown, ET dropped -87.81% vs RIOT's -99.98%.

Which has better risk-adjusted returns?

RIOT currently has the higher Sharpe Ratio (1.93 vs 1.01), 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.