HGRAF vs. EQNR

Last updated Jul 11, 2026

HGRAF (HydroGraph Clean Power Inc) and EQNR (Equinor ASA) are both stocks. HGRAF operates in Specialty Chemicals (Basic Materials), while EQNR operates in Oil & Gas Integrated (Energy). Over the past 3 years, HGRAF returned 234.51%/yr vs 14.25%/yr for EQNR. At a 0.03 correlation, their price movements are largely independent.

Performance

HGRAF vs. EQNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HydroGraph Clean Power Inc (HGRAF) and Equinor ASA (EQNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGRAF achieves a 79.47% return, which is significantly higher than EQNR's 46.95% return.

HGRAF

• 1D: -1.73%
• 1M: -29.84%
• 6M: 29.17%
• YTD: 79.47%
• 1Y: 1,869.73%
• 3Y*: 234.51%
• 5Y*: —
• 10Y*: —

EQNR

• 1D: -0.26%
• 1M: -6.25%
• 6M: 47.76%
• YTD: 46.95%
• 1Y: 32.11%
• 3Y*: 14.25%
• 5Y*: 19.26%
• 10Y*: —

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

HGRAF vs. EQNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGRAF HydroGraph Clean Power Inc	79.47%	1,340.49%	85.77%	-36.80%	-45.57%
EQNR Equinor ASA	46.95%	7.70%	-15.98%	-0.78%	29.96%

Correlation

The correlation between HGRAF and EQNR is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.03

Fundamentals

Market Cap HGRAF : $1.19B EQNR : $85.98B
EPS HGRAF : -$0.04 EQNR : $2.16
PS Ratio HGRAF : 12.26K EQNR : 0.83
PB Ratio HGRAF : 24.14 EQNR : 1.95
Total Revenue (TTM) HGRAF : $90.39K EQNR : $104.23B
Gross Profit (TTM) HGRAF : -$5.70M EQNR : $36.46B
EBITDA (TTM) HGRAF : -$12.48M EQNR : $39.36B

Return for Risk

HGRAF vs. EQNR — Risk / Return Rank

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

HGRAF

HGRAF Risk / Return Rank: 99
HGRAF Sharpe Ratio Rank: 100
HGRAF Sortino Ratio Rank: 99
HGRAF Omega Ratio Rank: 98
HGRAF Calmar Ratio Rank: 100
HGRAF Martin Ratio Rank: 100

EQNR

EQNR Risk / Return Rank: 71
EQNR Sharpe Ratio Rank: 75
EQNR Sortino Ratio Rank: 69
EQNR Omega Ratio Rank: 68
EQNR Calmar Ratio Rank: 71
EQNR Martin Ratio Rank: 73

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.

HGRAF vs. EQNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HydroGraph Clean Power Inc (HGRAF) and Equinor ASA (EQNR). 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.

	HGRAF	EQNR	Difference
Sharpe ratio: Return per unit of total volatility	13.23	0.95	+12.28
Sortino ratio: Return per unit of downside risk	5.47	1.44	+4.03
Omega ratio: Gain probability vs. loss probability	1.67	1.18	+0.48
Calmar ratio: Return relative to maximum drawdown	31.63	1.32	+30.31
Martin ratio: Return relative to average drawdown	64.58	3.36	+61.22

HGRAF vs. EQNR - Sharpe Ratio Comparison

The current HGRAF Sharpe Ratio is 13.23, which is higher than the EQNR Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of HGRAF and EQNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HGRAF vs. EQNR - Drawdown Comparison

The maximum HGRAF drawdown since its inception was -74.81%, which is greater than EQNR's maximum drawdown of -66.77%. Use the drawdown chart below to compare losses from any high point for HGRAF and EQNR.

Drawdown Indicators

	HGRAF	EQNR	Difference
Max Drawdown Largest peak-to-trough decline	-74.81%	-66.77%	-8.04%
Max Drawdown (1Y) Largest decline over 1 year	-61.64%	-26.07%	-35.57%
Max Drawdown (3Y) Largest decline over 3 years	-61.64%	-27.58%	-34.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.50%	—
Current Drawdown Current decline from peak	-58.67%	-19.18%	-39.49%
Average Drawdown Average peak-to-trough decline	-40.63%	-21.47%	-19.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.12%	10.20%	+19.92%

Volatility

HGRAF vs. EQNR - Volatility Comparison

HydroGraph Clean Power Inc (HGRAF) has a higher volatility of 23.20% compared to Equinor ASA (EQNR) at 11.03%. This indicates that HGRAF's price experiences larger fluctuations and is considered to be riskier than EQNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGRAF	EQNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.20%	11.03%	+12.17%
Volatility (6M) Calculated over the trailing 6-month period	77.52%	30.89%	+46.63%
Volatility (1Y) Calculated over the trailing 1-year period	147.45%	36.20%	+111.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.96%	33.91%	+104.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.96%	36.27%	+101.69%

Dividends

HGRAF vs. EQNR - Dividend Comparison

HGRAF has not paid dividends to shareholders, while EQNR's dividend yield for the trailing twelve months is around 4.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQNR Equinor ASA	4.42%	7.66%	12.66%	11.38%	3.30%	2.13%	4.32%	5.07%	3.26%
HGRAF HydroGraph Clean Power Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HGRAF and EQNR in my portfolio?

HGRAF and EQNR have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HGRAF or EQNR?

HGRAF has higher volatility (23.20%) compared to EQNR (11.03%). In terms of maximum drawdown, HGRAF dropped -74.81% vs EQNR's -66.77%.

Which has better risk-adjusted returns?

HGRAF currently has the higher Sharpe Ratio (13.23 vs 0.95), 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.