HES vs. EPD
HES (Hess Corporation) and EPD (Enterprise Products Partners L.P.) are both stocks. Both are in the Energy sector — HES in Oil & Gas E&P, EPD in Oil & Gas Midstream. At a 0.39 correlation, their price movements are largely independent.
Performance
HES vs. EPD - Performance Comparison
Loading charts...
Returns By Period
HES
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EPD
- 1D
- -0.08%
- 1M
- -5.05%
- YTD
- 19.79%
- 6M
- 19.53%
- 1Y
- 24.08%
- 3Y*
- 20.73%
- 5Y*
- 15.96%
- 10Y*
- 10.61%
HES vs. EPD - 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% |
EPD Enterprise Products Partners L.P. | 19.79% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
Correlation
The correlation between HES and EPD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1998 | 0.39 |
Over the past year, the correlation between HES and EPD has dropped to 0.14 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Fundamentals
HES:
$12.47B
EPD:
$51.57B
HES:
$7.43B
EPD:
$7.31B
HES:
$6.60B
EPD:
$10.11B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HES vs. EPD — Risk / Return Rank
HES
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EPD
HES vs. EPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hess Corporation (HES) 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.
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 | EPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.24 | — |
| Martin ratioReturn relative to average drawdown | — | 9.50 | — |
Loading charts...
Drawdowns
HES vs. EPD - Drawdown Comparison
Loading charts...
Drawdown Indicators
| HES | EPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -58.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.56% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.04% | — |
Current DrawdownCurrent decline from peak | — | -6.41% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.22% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.58% | — |
Volatility
HES vs. EPD - Volatility Comparison
Loading charts...
Volatility by Period
| HES | EPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 15.90% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 17.23% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 24.14% | — |
Dividends
HES vs. EPD - Dividend Comparison
HES has not paid dividends to shareholders, while EPD's dividend yield for the trailing twelve months is around 5.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.88% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
HES Hess Corporation | 0.34% | 0.67% | 1.41% | 1.21% | 1.06% | 1.35% | 1.89% | 1.50% | 2.47% | 2.11% | 1.61% | 2.06% |
Financials
HES vs. EPD - Financials Comparison
This section allows you to compare key financial metrics between Hess Corporation and Enterprise Products Partners L.P.. 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
HES and EPD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for HES and EPD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer