FANG vs. VNOM
FANG (Diamondback Energy, Inc.) and VNOM (Viper Energy Partners LP) are both stocks. Both are in the Energy sector — FANG in Oil & Gas E&P, VNOM in Oil & Gas Midstream. Over the past 10 years, FANG returned 11.38%/yr vs 16.06%/yr for VNOM. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
FANG vs. VNOM - Performance Comparison
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Returns By Period
In the year-to-date period, FANG achieves a 36.19% return, which is significantly higher than VNOM's 22.25% return. Over the past 10 years, FANG has underperformed VNOM with an annualized return of 11.38%, while VNOM has yielded a comparatively higher 16.06% annualized return.
FANG
- 1D
- 1.69%
- 1M
- -1.99%
- YTD
- 36.19%
- 6M
- 31.25%
- 1Y
- 50.90%
- 3Y*
- 19.82%
- 5Y*
- 23.66%
- 10Y*
- 11.38%
VNOM
- 1D
- 0.90%
- 1M
- -6.46%
- YTD
- 22.25%
- 6M
- 25.04%
- 1Y
- 21.67%
- 3Y*
- 27.29%
- 5Y*
- 27.58%
- 10Y*
- 16.06%
FANG vs. VNOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 36.19% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
VNOM Viper Energy Partners LP | 22.25% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between FANG and VNOM is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2014 | 0.62 |
The correlation between FANG and VNOM shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FANG:
$57.24B
VNOM:
$8.34B
FANG:
$1.40
VNOM:
-$0.29
FANG:
3.83
VNOM:
4.50
FANG:
1.57
VNOM:
1.63
FANG:
$15.19B
VNOM:
$1.60B
FANG:
$7.30B
VNOM:
$740.00M
FANG:
$5.54B
VNOM:
$1.04B
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Return for Risk
FANG vs. VNOM — Risk / Return Rank
FANG
VNOM
FANG vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamondback Energy, Inc. (FANG) and Viper Energy Partners LP (VNOM). 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.
| FANG | VNOM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 0.74 | +0.92 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.16 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.14 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.60 | +2.74 |
Martin ratioReturn relative to average drawdown | 8.64 | 2.82 | +5.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FANG | VNOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 0.74 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.77 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.36 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.20 | +0.27 |
Drawdowns
FANG vs. VNOM - Drawdown Comparison
The maximum FANG drawdown since its inception was -88.72%, roughly equal to the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for FANG and VNOM.
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Drawdown Indicators
| FANG | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.72% | -86.96% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -14.09% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -42.10% | -34.46% | -7.64% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -34.46% | -7.64% |
Max Drawdown (10Y)Largest decline over 10 years | -88.72% | -86.96% | -1.76% |
Current DrawdownCurrent decline from peak | -4.76% | -11.50% | +6.74% |
Average DrawdownAverage peak-to-trough decline | -19.40% | -31.70% | +12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.28% | 7.99% | -1.71% |
Volatility
FANG vs. VNOM - Volatility Comparison
Diamondback Energy, Inc. (FANG) has a higher volatility of 11.04% compared to Viper Energy Partners LP (VNOM) at 8.08%. This indicates that FANG's price experiences larger fluctuations and is considered to be riskier than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FANG | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.04% | 8.08% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 22.59% | 20.52% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.83% | 29.45% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 35.91% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.02% | 45.22% | +3.80% |
Dividends
FANG vs. VNOM - Dividend Comparison
FANG's dividend yield for the trailing twelve months is around 2.05%, less than VNOM's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 2.05% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% |
VNOM Viper Energy Partners LP | 5.02% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
FANG vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between Diamondback Energy, Inc. and Viper Energy Partners 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
FANG vs. VNOM - Profitability Comparison
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported a gross profit of 3.85B and revenue of 4.24B. Therefore, the gross margin over that period was 90.9%.
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported an operating income of 30.00M and revenue of 4.24B, resulting in an operating margin of 0.7%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported a net income of 144.00M and revenue of 4.24B, resulting in a net margin of 3.4%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
Frequently Asked Questions
FANG and VNOM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (11.04%) compared to VNOM (8.08%). In terms of maximum drawdown, FANG dropped -88.72% vs VNOM's -86.96%.
FANG currently has the higher Sharpe Ratio (1.66 vs 0.74), 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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