HCA vs. VNOM
HCA (HCA Healthcare, Inc.) and VNOM (Viper Energy Partners LP) are both stocks. HCA operates in Medical Care Facilities (Healthcare), while VNOM operates in Oil & Gas Midstream (Energy). Over the past 10 years, HCA returned 18.45%/yr vs 15.22%/yr for VNOM. At a 0.21 correlation, their price movements are largely independent.
Performance
HCA vs. VNOM - Performance Comparison
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Returns By Period
In the year-to-date period, HCA achieves a -16.35% return, which is significantly lower than VNOM's 16.06% return. Over the past 10 years, HCA has outperformed VNOM with an annualized return of 18.45%, while VNOM has yielded a comparatively lower 15.22% annualized return.
HCA
- 1D
- 0.72%
- 1M
- -7.81%
- YTD
- -16.35%
- 6M
- -18.12%
- 1Y
- 5.77%
- 3Y*
- 11.15%
- 5Y*
- 14.44%
- 10Y*
- 18.45%
VNOM
- 1D
- -1.55%
- 1M
- -10.80%
- YTD
- 16.06%
- 6M
- 13.71%
- 1Y
- 8.58%
- 3Y*
- 27.80%
- 5Y*
- 25.82%
- 10Y*
- 15.22%
HCA vs. VNOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | -16.35% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
VNOM Viper Energy Partners LP | 16.06% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between HCA and VNOM is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.21 |
The correlation between HCA and VNOM shifts across timeframes, from -0.19 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HCA:
$28.46
VNOM:
-$0.29
HCA:
1.23
VNOM:
4.27
HCA:
$75.60B
VNOM:
$1.60B
HCA:
$31.37B
VNOM:
$740.00M
HCA:
$15.60B
VNOM:
$1.04B
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Return for Risk
HCA vs. VNOM — Risk / Return Rank
HCA
VNOM
HCA vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) 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.
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.
| HCA | VNOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.66 | -0.49 |
| Martin ratioReturn relative to average drawdown | 0.51 | 1.20 | -0.69 |
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Drawdowns
HCA vs. VNOM - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, smaller than the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for HCA and VNOM.
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Drawdown Indicators
| HCA | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.74% | -86.96% | +32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -13.03% | -20.59% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -34.46% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -34.46% | -5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -54.74% | -86.96% | +32.22% |
Current DrawdownCurrent decline from peak | -28.36% | -15.99% | -12.37% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -31.64% | +20.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 8.22% | +3.07% |
Volatility
HCA vs. VNOM - Volatility Comparison
HCA Healthcare, Inc. (HCA) has a higher volatility of 8.89% compared to Viper Energy Partners LP (VNOM) at 7.25%. This indicates that HCA'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
| HCA | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 7.25% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 20.01% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 29.23% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.90% | 35.89% | -5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.64% | 45.22% | -12.58% |
Dividends
HCA vs. VNOM - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.75%, less than VNOM's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.75% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
VNOM Viper Energy Partners LP | 5.29% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
HCA vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between HCA Healthcare, 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
HCA vs. VNOM - Profitability Comparison
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
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%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
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%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
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
HCA and VNOM have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCA has higher volatility (8.89%) compared to VNOM (7.25%). In terms of maximum drawdown, HCA dropped -54.74% vs VNOM's -86.96%.
VNOM currently has the higher Sharpe Ratio (0.30 vs 0.21), 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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