HES vs. XOM

Last updated Jun 5, 2026

HES (Hess Corporation) and XOM (Exxon Mobil Corporation) are both stocks. Both are in the Energy sector — HES in Oil & Gas E&P, XOM in Oil & Gas Integrated. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

HES vs. XOM - Performance Comparison

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

Returns By Period

HES

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

XOM

• 1D: -0.32%
• 1M: -1.17%
• YTD: 28.05%
• 6M: 31.55%
• 1Y: 53.36%
• 3Y*: 16.87%
• 5Y*: 24.35%
• 10Y*: 10.14%

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

HES vs. XOM - 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%
XOM Exxon Mobil Corporation	28.05%	15.98%	11.26%	-6.26%	87.41%	57.58%	-36.21%	7.23%	-15.09%	-3.81%

Correlation

The correlation between HES and XOM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 7, 1983	0.57

Over the past year, the correlation between HES and XOM has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Fundamentals

Total Revenue (TTM) HES : $12.47B XOM : $326.01B
Gross Profit (TTM) HES : $7.43B XOM : $83.11B
EBITDA (TTM) HES : $6.60B XOM : $60.44B

Return for Risk

HES vs. XOM — Risk / Return Rank

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

XOM

XOM Risk / Return Rank: 86
XOM Sharpe Ratio Rank: 90
XOM Sortino Ratio Rank: 86
XOM Omega Ratio Rank: 85
XOM Calmar Ratio Rank: 85
XOM Martin Ratio Rank: 87

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. XOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hess Corporation (HES) and Exxon Mobil Corporation (XOM). 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.

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

Sharpe Ratios by Period

	HES	XOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.48	—

Drawdowns

Drawdown Indicators

	HES	XOM	Difference
Max Drawdown Largest peak-to-trough decline	—	-62.40%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.51%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.34%	—
Current Drawdown Current decline from peak	—	-10.73%	—
Average Drawdown Average peak-to-trough decline	—	-10.20%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.52%	—

Volatility

Volatility by Period

	HES	XOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.49%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.18%	—

Dividends

HES vs. XOM - Dividend Comparison

HES's dividend yield for the trailing twelve months is around 0.34%, less than XOM's 2.68% yield.

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%
XOM Exxon Mobil Corporation	2.68%	3.32%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%

Financials

Frequently Asked Questions

Can I hold both HES and XOM in my portfolio?

HES and XOM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.