HES vs. LNG

Last updated Jun 13, 2026

HES (Hess Corporation) and LNG (Cheniere Energy, Inc.) are both stocks. Both are in the Energy sector — HES in Oil & Gas E&P, LNG in Oil & Gas Midstream. At a 0.33 correlation, their price movements are largely independent.

Performance

HES vs. LNG - Performance Comparison

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

Returns By Period

HES

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

LNG

• 1D: 0.47%
• 1M: 0.08%
• YTD: 24.74%
• 6M: 28.05%
• 1Y: 2.23%
• 3Y*: 19.57%
• 5Y*: 23.34%
• 10Y*: 22.78%

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

HES vs. LNG - 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%
LNG Cheniere Energy, Inc.	24.74%	-8.70%	27.18%	15.02%	49.30%	69.48%	-1.70%	3.18%	9.94%	29.95%

Correlation

The correlation between HES and LNG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 11, 1997	0.33

Over the past year, the correlation between HES and LNG has dropped to 0.07 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Fundamentals

Total Revenue (TTM) HES : $12.47B LNG : $20.28B
Gross Profit (TTM) HES : $7.43B LNG : $5.52B
EBITDA (TTM) HES : $6.60B LNG : $5.81B

Return for Risk

HES vs. LNG — 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.

LNG

LNG Risk / Return Rank: 44
LNG Sharpe Ratio Rank: 48
LNG Sortino Ratio Rank: 41
LNG Omega Ratio Rank: 41
LNG Calmar Ratio Rank: 47
LNG Martin Ratio Rank: 46

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. LNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hess Corporation (HES) and Cheniere Energy, Inc. (LNG). 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	LNG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.14	—
Sortino ratio: Return per unit of downside risk	—	0.39	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.15	—
Martin ratio: Return relative to average drawdown	—	0.31	—

Drawdowns

Drawdown Indicators

	HES	LNG	Difference
Max Drawdown Largest peak-to-trough decline	—	-97.84%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-24.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.53%	—
Current Drawdown Current decline from peak	—	-18.55%	—
Average Drawdown Average peak-to-trough decline	—	-43.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.88%	—

Volatility

Volatility by Period

	HES	LNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	27.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	30.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.50%	—

Dividends

HES vs. LNG - Dividend Comparison

HES has not paid dividends to shareholders, while LNG's dividend yield for the trailing twelve months is around 0.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LNG Cheniere Energy, Inc.	0.90%	1.06%	0.84%	0.95%	0.92%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HES and LNG in my portfolio?

HES and LNG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.