HES vs. EOG

Last updated Jun 24, 2026

HES (Hess Corporation) and EOG (EOG Resources, Inc.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

HES vs. EOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hess Corporation (HES) and EOG Resources, Inc. (EOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HES

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EOG

• 1D: 1.56%
• 1M: -4.48%
• YTD: 30.70%
• 6M: 31.98%
• 1Y: 14.52%
• 3Y*: 11.96%
• 5Y*: 14.93%
• 10Y*: 8.62%

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

HES vs. EOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HES Hess Corporation	0.00%	12.77%	-6.49%	2.90%	94.02%	42.08%	-19.14%	67.71%	-13.14%	-22.06%
EOG EOG Resources, Inc.	30.70%	-11.37%	4.30%	-2.03%	56.88%	88.62%	-38.64%	-2.82%	-18.66%	7.47%

Correlation

The correlation between HES and EOG is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 4, 1989	0.61

Over the past year, the correlation between HES and EOG has dropped to 0.18 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Fundamentals

Total Revenue (TTM) HES : $12.47B EOG : $23.48B
Gross Profit (TTM) HES : $7.43B EOG : $11.38B
EBITDA (TTM) HES : $6.60B EOG : $14.73B

Return for Risk

HES vs. EOG — Risk / Return Rank

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

HES

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EOG

EOG Risk / Return Rank: 57
EOG Sharpe Ratio Rank: 61
EOG Sortino Ratio Rank: 54
EOG Omega Ratio Rank: 52
EOG Calmar Ratio Rank: 60
EOG Martin Ratio Rank: 58

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.

HES vs. EOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hess Corporation (HES) and EOG Resources, Inc. (EOG). 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.

	HES	EOG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.56	—
Sortino ratio: Return per unit of downside risk	—	0.92	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.79	—
Martin ratio: Return relative to average drawdown	—	1.51	—

Drawdowns

Drawdown Indicators

	HES	EOG	Difference
Max Drawdown Largest peak-to-trough decline	—	-77.13%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.13%	—
Current Drawdown Current decline from peak	—	-9.30%	—
Average Drawdown Average peak-to-trough decline	—	-21.96%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.62%	—

Volatility

Volatility by Period

	HES	EOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	32.83%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	39.13%	—

Dividends

HES vs. EOG - Dividend Comparison

HES has not paid dividends to shareholders, while EOG's dividend yield for the trailing twelve months is around 2.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EOG EOG Resources, Inc.	2.99%	3.76%	2.97%	4.80%	6.79%	5.19%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%
HES Hess Corporation	0.00%	0.67%	1.41%	1.21%	1.06%	1.35%	1.89%	1.50%	2.47%	2.11%	1.61%	2.06%

Financials

Frequently Asked Questions

Can I hold both HES and EOG in my portfolio?

HES and EOG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.