GEL vs. EPD

Last updated Jun 4, 2026

GEL (Genesis Energy, L.P.) and EPD (Enterprise Products Partners L.P.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, GEL returned -2.23%/yr vs 10.55%/yr for EPD. At a 0.39 correlation, their price movements are largely independent.

Performance

GEL vs. EPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genesis Energy, L.P. (GEL) and Enterprise Products Partners L.P. (EPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEL achieves a -0.56% return, which is significantly lower than EPD's 22.17% return. Over the past 10 years, GEL has underperformed EPD with an annualized return of -2.23%, while EPD has yielded a comparatively higher 10.55% annualized return.

GEL

• 1D: -2.32%
• 1M: -10.17%
• YTD: -0.56%
• 6M: -2.32%
• 1Y: -0.25%
• 3Y*: 20.63%
• 5Y*: 13.65%
• 10Y*: -2.23%

EPD

• 1D: 0.74%
• 1M: -1.76%
• YTD: 22.17%
• 6M: 21.90%
• 1Y: 28.84%
• 3Y*: 21.77%
• 5Y*: 17.36%
• 10Y*: 10.55%

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

GEL vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEL Genesis Energy, L.P.	-0.56%	61.77%	-8.37%	19.90%	1.05%	84.99%	-66.17%	22.60%	-9.18%	-32.37%
EPD Enterprise Products Partners L.P.	22.17%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%

Correlation

The correlation between GEL and EPD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jul 29, 1998	0.39

The correlation between GEL and EPD shifts across timeframes, from 0.36 (1 year) to 0.55 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GEL : $1.86B EPD : $83.08B
EPS GEL : $0.39 EPD : $2.69
PE Ratio GEL : 38.72 EPD : 14.11
PEG Ratio GEL : 0.53 EPD : 2.27
PS Ratio GEL : 1.11 EPD : 1.61
Total Revenue (TTM) GEL : $1.68B EPD : $51.57B
Gross Profit (TTM) GEL : $281.95M EPD : $7.31B
EBITDA (TTM) GEL : $437.85M EPD : $10.11B

Return for Risk

GEL vs. EPD — Risk / Return Rank

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

GEL

GEL Risk / Return Rank: 38
GEL Sharpe Ratio Rank: 40
GEL Sortino Ratio Rank: 35
GEL Omega Ratio Rank: 34
GEL Calmar Ratio Rank: 40
GEL Martin Ratio Rank: 40

EPD

EPD Risk / Return Rank: 85
EPD Sharpe Ratio Rank: 85
EPD Sortino Ratio Rank: 83
EPD Omega Ratio Rank: 81
EPD Calmar Ratio Rank: 86
EPD Martin Ratio Rank: 89

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.

GEL vs. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genesis Energy, L.P. (GEL) and Enterprise Products Partners L.P. (EPD). 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.

	GEL	EPD	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	1.82	-1.83
Sortino ratio: Return per unit of downside risk	0.20	2.58	-2.38
Omega ratio: Gain probability vs. loss probability	1.02	1.32	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.01	3.83	-3.84
Martin ratio: Return relative to average drawdown	-0.04	11.90	-11.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEL vs. EPD - Sharpe Ratio Comparison

The current GEL Sharpe Ratio is -0.01, which is lower than the EPD Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of GEL and EPD, 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

	GEL	EPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	1.82	-1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	1.01	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	0.44	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.54	-0.40

Drawdowns

GEL vs. EPD - Drawdown Comparison

The maximum GEL drawdown since its inception was -91.63%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for GEL and EPD.

Drawdown Indicators

	GEL	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-91.63%	-58.78%	-32.85%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	-7.56%	-10.29%
Max Drawdown (3Y) Largest decline over 3 years	-31.46%	-15.40%	-16.06%
Max Drawdown (5Y) Largest decline over 5 years	-38.79%	-18.06%	-20.73%
Max Drawdown (10Y) Largest decline over 10 years	-89.61%	-58.04%	-31.57%
Current Drawdown Current decline from peak	-37.95%	-4.55%	-33.40%
Average Drawdown Average peak-to-trough decline	-34.14%	-10.13%	-24.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	2.43%	+4.57%

Volatility

GEL vs. EPD - Volatility Comparison

Genesis Energy, L.P. (GEL) has a higher volatility of 8.71% compared to Enterprise Products Partners L.P. (EPD) at 6.55%. This indicates that GEL's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEL	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	6.55%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	19.09%	13.28%	+5.81%
Volatility (1Y) Calculated over the trailing 1-year period	28.06%	15.98%	+12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.47%	17.23%	+24.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.18%	24.16%	+27.02%

Dividends

GEL vs. EPD - Dividend Comparison

GEL's dividend yield for the trailing twelve months is around 4.54%, less than EPD's 5.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPD Enterprise Products Partners L.P.	5.76%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
GEL Genesis Energy, L.P.	4.54%	4.23%	6.08%	5.18%	5.88%	5.60%	16.10%	10.74%	11.37%	11.87%	7.54%	6.72%

Financials

GEL vs. EPD - Profitability Comparison

The chart below illustrates the profitability comparison between Genesis Energy, L.P. and Enterprise Products Partners L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GEL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported a gross profit of 0.00 and revenue of 446.56M. Therefore, the gross margin over that period was 0.0%.

EPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.

GEL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported an operating income of 76.61M and revenue of 446.56M, resulting in an operating margin of 17.2%.

EPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.

GEL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported a net income of 19.37M and revenue of 446.56M, resulting in a net margin of 4.3%.

EPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.

Frequently Asked Questions

Can I hold both GEL and EPD in my portfolio?

GEL and EPD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEL or EPD?

GEL has higher volatility (8.71%) compared to EPD (6.55%). In terms of maximum drawdown, GEL dropped -91.63% vs EPD's -58.78%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.82 vs -0.01), 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.