HESM vs. NVDA
HESM (Hess Midstream LP) and NVDA (NVIDIA Corporation) are both stocks. HESM operates in Oil & Gas Midstream (Energy), while NVDA operates in Semiconductors (Technology). Over the past 5 years, HESM returned 16.87%/yr vs 63.13%/yr for NVDA. At a 0.16 correlation, their price movements are largely independent.
Performance
HESM vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, HESM achieves a 16.35% return, which is significantly higher than NVDA's 10.16% return.
HESM
- 1D
- -0.36%
- 1M
- -1.89%
- YTD
- 16.35%
- 6M
- 15.25%
- 1Y
- 5.62%
- 3Y*
- 19.10%
- 5Y*
- 16.87%
- 10Y*
- —
NVDA
- 1D
- 0.16%
- 1M
- -12.86%
- YTD
- 10.16%
- 6M
- 17.38%
- 1Y
- 44.72%
- 3Y*
- 71.13%
- 5Y*
- 63.13%
- 10Y*
- 67.95%
HESM vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HESM Hess Midstream LP | 16.35% | 0.56% | 26.41% | 14.36% | 16.62% | 52.91% | -5.29% | 43.83% | -8.61% | -20.06% |
NVDA NVIDIA Corporation | 10.16% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 92.51% |
Correlation
The correlation between HESM and NVDA is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2017 | 0.16 |
The correlation between HESM and NVDA shifts across timeframes, from -0.04 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HESM:
$4.97B
NVDA:
$5.00T
HESM:
$2.89
NVDA:
$6.53
HESM:
13.32
NVDA:
31.44
HESM:
1.08
NVDA:
0.17
HESM:
3.02
NVDA:
19.80
HESM:
13.27
NVDA:
25.60
HESM:
$1.63B
NVDA:
$253.49B
HESM:
$1.13B
NVDA:
$187.95B
HESM:
$1.24B
NVDA:
$192.76B
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Return for Risk
HESM vs. NVDA — Risk / Return Rank
HESM
NVDA
HESM vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hess Midstream LP (HESM) and NVIDIA Corporation (NVDA). 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.
| HESM | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.07 | -1.84 |
| Martin ratioReturn relative to average drawdown | 0.47 | 4.94 | -4.47 |
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Drawdowns
HESM vs. NVDA - Drawdown Comparison
The maximum HESM drawdown since its inception was -75.16%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for HESM and NVDA.
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Drawdown Indicators
| HESM | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.16% | -89.72% | +14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -25.78% | -20.21% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.78% | -36.88% | +11.10% |
Max Drawdown (5Y)Largest decline over 5 years | -28.72% | -66.34% | +37.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -5.50% | -12.86% | +7.36% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -36.18% | +24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 8.46% | +4.21% |
Volatility
HESM vs. NVDA - Volatility Comparison
The current volatility for Hess Midstream LP (HESM) is 6.71%, while NVIDIA Corporation (NVDA) has a volatility of 13.26%. This indicates that HESM experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HESM | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 13.26% | -6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 26.67% | -11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.01% | 35.00% | -10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.34% | 51.76% | -24.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.79% | 49.84% | -11.05% |
Dividends
HESM vs. NVDA - Dividend Comparison
HESM's dividend yield for the trailing twelve months is around 7.89%, more than NVDA's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HESM Hess Midstream LP | 7.89% | 8.41% | 7.12% | 7.50% | 7.30% | 6.93% | 8.86% | 6.89% | 8.00% | 2.93% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Financials
HESM vs. NVDA - Financials Comparison
This section allows you to compare key financial metrics between Hess Midstream LP and NVIDIA Corporation. 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
HESM vs. NVDA - Profitability Comparison
HESM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a gross profit of 246.00M and revenue of 390.10M. Therefore, the gross margin over that period was 63.1%.
NVDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.
HESM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported an operating income of 238.10M and revenue of 390.10M, resulting in an operating margin of 61.0%.
NVDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.
HESM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a net income of 87.60M and revenue of 390.10M, resulting in a net margin of 22.5%.
NVDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.
Frequently Asked Questions
HESM and NVDA have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (13.26%) compared to HESM (6.71%). In terms of maximum drawdown, HESM dropped -75.16% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (1.20 vs 0.25), 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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