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HESM vs. WES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between HESM and WES is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

HESM vs. WES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hess Midstream LP (HESM) and Western Midstream Partners, LP (WES). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
172.22%
63.05%
HESM
WES

Key characteristics

Sharpe Ratio

HESM:

0.74

WES:

0.72

Sortino Ratio

HESM:

1.07

WES:

1.10

Omega Ratio

HESM:

1.15

WES:

1.14

Calmar Ratio

HESM:

0.93

WES:

1.17

Martin Ratio

HESM:

3.38

WES:

3.24

Ulcer Index

HESM:

5.39%

WES:

6.00%

Daily Std Dev

HESM:

24.84%

WES:

27.24%

Max Drawdown

HESM:

-75.16%

WES:

-93.66%

Current Drawdown

HESM:

-11.62%

WES:

-7.52%

Fundamentals

Market Cap

HESM:

$8.89B

WES:

$14.94B

EPS

HESM:

$2.49

WES:

$4.02

PE Ratio

HESM:

15.65

WES:

9.74

PEG Ratio

HESM:

1.57

WES:

5.48

PS Ratio

HESM:

5.94

WES:

4.14

PB Ratio

HESM:

8.57

WES:

4.62

Total Revenue (TTM)

HESM:

$1.14B

WES:

$2.72B

Gross Profit (TTM)

HESM:

$809.20M

WES:

$1.78B

EBITDA (TTM)

HESM:

$861.60M

WES:

$1.72B

Returns By Period

In the year-to-date period, HESM achieves a 6.51% return, which is significantly higher than WES's 3.21% return.


HESM

YTD

6.51%

1M

-9.90%

6M

13.36%

1Y

19.56%

5Y*

28.85%

10Y*

N/A

WES

YTD

3.21%

1M

-6.12%

6M

5.66%

1Y

18.52%

5Y*

52.86%

10Y*

2.46%

*Annualized

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Risk-Adjusted Performance

HESM vs. WES — Risk-Adjusted Performance Rank

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

HESM
The Risk-Adjusted Performance Rank of HESM is 7676
Overall Rank
The Sharpe Ratio Rank of HESM is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of HESM is 6868
Sortino Ratio Rank
The Omega Ratio Rank of HESM is 6969
Omega Ratio Rank
The Calmar Ratio Rank of HESM is 8383
Calmar Ratio Rank
The Martin Ratio Rank of HESM is 8181
Martin Ratio Rank

WES
The Risk-Adjusted Performance Rank of WES is 7676
Overall Rank
The Sharpe Ratio Rank of WES is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of WES is 6969
Sortino Ratio Rank
The Omega Ratio Rank of WES is 6666
Omega Ratio Rank
The Calmar Ratio Rank of WES is 8787
Calmar Ratio Rank
The Martin Ratio Rank of WES is 8080
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HESM vs. WES - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hess Midstream LP (HESM) and Western Midstream Partners, LP (WES). 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.


The chart of Sharpe ratio for HESM, currently valued at 0.74, compared to the broader market-2.00-1.000.001.002.003.00
HESM: 0.74
WES: 0.72
The chart of Sortino ratio for HESM, currently valued at 1.07, compared to the broader market-6.00-4.00-2.000.002.004.00
HESM: 1.07
WES: 1.10
The chart of Omega ratio for HESM, currently valued at 1.15, compared to the broader market0.501.001.502.00
HESM: 1.15
WES: 1.14
The chart of Calmar ratio for HESM, currently valued at 0.93, compared to the broader market0.001.002.003.004.005.00
HESM: 0.93
WES: 1.17
The chart of Martin ratio for HESM, currently valued at 3.38, compared to the broader market-5.000.005.0010.0015.0020.00
HESM: 3.38
WES: 3.24

The current HESM Sharpe Ratio is 0.74, which is comparable to the WES Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of HESM and WES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.74
0.72
HESM
WES

Dividends

HESM vs. WES - Dividend Comparison

HESM's dividend yield for the trailing twelve months is around 6.98%, less than WES's 9.02% yield.


TTM20242023202220212020201920182017201620152014
HESM
Hess Midstream LP
6.98%7.12%7.50%7.30%6.93%8.86%6.89%8.00%2.93%0.00%0.00%0.00%
WES
Western Midstream Partners, LP
9.02%8.33%8.52%6.80%5.69%11.25%12.45%8.28%5.44%4.04%3.86%1.73%

Drawdowns

HESM vs. WES - Drawdown Comparison

The maximum HESM drawdown since its inception was -75.16%, smaller than the maximum WES drawdown of -93.66%. Use the drawdown chart below to compare losses from any high point for HESM and WES. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-11.62%
-7.52%
HESM
WES

Volatility

HESM vs. WES - Volatility Comparison

Hess Midstream LP (HESM) has a higher volatility of 14.83% compared to Western Midstream Partners, LP (WES) at 14.03%. This indicates that HESM's price experiences larger fluctuations and is considered to be riskier than WES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.83%
14.03%
HESM
WES

Financials

HESM vs. WES - Financials Comparison

This section allows you to compare key financial metrics between Hess Midstream LP and Western Midstream Partners, LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items