GTE vs. EQNR
GTE (Gran Tierra Energy Inc.) and EQNR (Equinor ASA) are both stocks. Both are in the Energy sector — GTE in Oil & Gas E&P, EQNR in Oil & Gas Integrated. Over the past 5 years, GTE returned -2.36%/yr vs 17.18%/yr for EQNR. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
GTE vs. EQNR - Performance Comparison
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Returns By Period
In the year-to-date period, GTE achieves a 67.45% return, which is significantly higher than EQNR's 41.45% return.
GTE
- 1D
- -1.53%
- 1M
- -16.47%
- YTD
- 67.45%
- 6M
- 69.05%
- 1Y
- 29.56%
- 3Y*
- 13.70%
- 5Y*
- -2.36%
- 10Y*
- -14.08%
EQNR
- 1D
- -0.67%
- 1M
- -15.87%
- YTD
- 41.45%
- 6M
- 45.07%
- 1Y
- 30.09%
- 3Y*
- 14.71%
- 5Y*
- 17.18%
- 10Y*
- —
GTE vs. EQNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GTE Gran Tierra Energy Inc. | 67.45% | -41.36% | 28.19% | -43.03% | 30.07% | 109.21% | -71.80% | -40.55% | -34.64% |
EQNR Equinor ASA | 41.45% | 7.70% | -15.98% | -0.78% | 40.77% | 64.55% | -13.57% | -0.99% | -21.06% |
Correlation
The correlation between GTE and EQNR is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.54 |
The correlation between GTE and EQNR has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
Fundamentals
GTE:
$250.63M
EQNR:
$81.72B
GTE:
-$4.92
EQNR:
$2.15
GTE:
0.59
EQNR:
0.81
GTE:
2.30K
EQNR:
1.88
GTE:
$426.18M
EQNR:
$104.23B
GTE:
$28.46M
EQNR:
$36.46B
GTE:
$192.58M
EQNR:
$39.36B
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Return for Risk
GTE vs. EQNR — Risk / Return Rank
GTE
EQNR
GTE vs. EQNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gran Tierra Energy Inc. (GTE) and Equinor ASA (EQNR). 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.
| GTE | EQNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.32 | -0.44 |
| Martin ratioReturn relative to average drawdown | 1.85 | 3.40 | -1.55 |
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Drawdowns
GTE vs. EQNR - Drawdown Comparison
The maximum GTE drawdown since its inception was -98.11%, which is greater than EQNR's maximum drawdown of -66.77%. Use the drawdown chart below to compare losses from any high point for GTE and EQNR.
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Drawdown Indicators
| GTE | EQNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.11% | -66.77% | -31.34% |
Max Drawdown (1Y)Largest decline over 1 year | -33.78% | -22.85% | -10.93% |
Max Drawdown (3Y)Largest decline over 3 years | -66.86% | -27.58% | -39.28% |
Max Drawdown (5Y)Largest decline over 5 years | -83.67% | -35.50% | -48.17% |
Max Drawdown (10Y)Largest decline over 10 years | -95.40% | — | — |
Current DrawdownCurrent decline from peak | -92.56% | -22.21% | -70.35% |
Average DrawdownAverage peak-to-trough decline | -65.71% | -21.46% | -44.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.86% | 8.91% | +9.95% |
Volatility
GTE vs. EQNR - Volatility Comparison
Gran Tierra Energy Inc. (GTE) has a higher volatility of 16.76% compared to Equinor ASA (EQNR) at 10.32%. This indicates that GTE's price experiences larger fluctuations and is considered to be riskier than EQNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTE | EQNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.76% | 10.32% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 50.65% | 30.72% | +19.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.90% | 36.32% | +29.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.89% | 33.85% | +30.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.60% | 36.29% | +33.31% |
Dividends
GTE vs. EQNR - Dividend Comparison
GTE has not paid dividends to shareholders, while EQNR's dividend yield for the trailing twelve months is around 4.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 4.59% | 7.66% | 12.66% | 11.38% | 3.30% | 2.13% | 4.32% | 5.07% | 3.26% |
GTE Gran Tierra Energy Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GTE vs. EQNR - Financials Comparison
This section allows you to compare key financial metrics between Gran Tierra Energy Inc. and Equinor ASA. 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
Frequently Asked Questions
GTE and EQNR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTE has higher volatility (16.76%) compared to EQNR (10.32%). In terms of maximum drawdown, GTE dropped -98.11% vs EQNR's -66.77%.
EQNR currently has the higher Sharpe Ratio (0.84 vs 0.45), 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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