HLX vs. MVO

Last updated Jun 3, 2026

HLX (Helix Energy Solutions Group, Inc.) and MVO (MV Oil Trust) are both stocks. Both are in the Energy sector — HLX in Oil & Gas Equipment & Services, MVO in Oil & Gas E&P. Over the past 10 years, HLX returned 1.95%/yr vs 2.07%/yr for MVO. At a 0.35 correlation, their price movements are largely independent.

Performance

HLX vs. MVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Helix Energy Solutions Group, Inc. (HLX) and MV Oil Trust (MVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HLX having a 55.02% return and MVO slightly higher at 55.36%. Over the past 10 years, HLX has underperformed MVO with an annualized return of 1.95%, while MVO has yielded a comparatively higher 2.07% annualized return.

HLX

• 1D: 1.67%
• 1M: -5.54%
• YTD: 55.02%
• 6M: 39.26%
• 1Y: 55.27%
• 3Y*: 11.40%
• 5Y*: 9.55%
• 10Y*: 1.95%

MVO

• 1D: -8.06%
• 1M: -31.05%
• YTD: 55.36%
• 6M: 85.24%
• 1Y: -64.96%
• 3Y*: -38.92%
• 5Y*: -10.26%
• 10Y*: 2.07%

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

HLX vs. MVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLX Helix Energy Solutions Group, Inc.	55.02%	-32.73%	-9.34%	39.30%	136.54%	-25.71%	-56.39%	78.00%	-28.25%	-14.51%
MVO MV Oil Trust	55.36%	-82.24%	-22.69%	-18.19%	123.83%	225.88%	-44.46%	2.30%	-4.24%	51.17%

Correlation

The correlation between HLX and MVO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 22, 2007	0.35

Over the past year, the correlation between HLX and MVO has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Fundamentals

EPS HLX : $0.10 MVO : $0.89
PE Ratio HLX : 100.35 MVO : 1.93
PEG Ratio HLX : 2.23 MVO : 0.14
PS Ratio HLX : 1.11 MVO : 1.77
Total Revenue (TTM) HLX : $1.30B MVO : $8.31M
Gross Profit (TTM) HLX : $140.43M MVO : $8.29M
EBITDA (TTM) HLX : $178.55M MVO : $7.65M

Return for Risk

HLX vs. MVO — Risk / Return Rank

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

HLX

HLX Risk / Return Rank: 74
HLX Sharpe Ratio Rank: 74
HLX Sortino Ratio Rank: 69
HLX Omega Ratio Rank: 69
HLX Calmar Ratio Rank: 80
HLX Martin Ratio Rank: 77

MVO

MVO Risk / Return Rank: 18
MVO Sharpe Ratio Rank: 19
MVO Sortino Ratio Rank: 24
MVO Omega Ratio Rank: 24
MVO Calmar Ratio Rank: 11
MVO Martin Ratio Rank: 10

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.

HLX vs. MVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Helix Energy Solutions Group, Inc. (HLX) and MV Oil Trust (MVO). 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.

	HLX	MVO	Difference
Sharpe ratio Return per unit of total volatility	1.16	-0.50	+1.66
Sortino ratio Return per unit of downside risk	1.71	-0.23	+1.95
Omega ratio Gain probability vs. loss probability	1.23	0.96	+0.26
Calmar ratio Return relative to maximum drawdown	2.74	-0.78	+3.52
Martin ratio Return relative to average drawdown	5.70	-1.30	+7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLX vs. MVO - Sharpe Ratio Comparison

The current HLX Sharpe Ratio is 1.16, which is higher than the MVO Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of HLX and MVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLX	MVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	-0.50	+1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	-0.14	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.03	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.02	+0.06

Drawdowns

HLX vs. MVO - Drawdown Comparison

The maximum HLX drawdown since its inception was -97.87%, which is greater than MVO's maximum drawdown of -90.76%. Use the drawdown chart below to compare losses from any high point for HLX and MVO.

Drawdown Indicators

	HLX	MVO	Difference
Max Drawdown Largest peak-to-trough decline	-97.87%	-90.76%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-20.83%	-82.89%	+62.06%
Max Drawdown (3Y) Largest decline over 3 years	-55.54%	-89.83%	+34.29%
Max Drawdown (5Y) Largest decline over 5 years	-61.66%	-90.76%	+29.10%
Max Drawdown (10Y) Largest decline over 10 years	-91.46%	-90.76%	-0.70%
Current Drawdown Current decline from peak	-79.25%	-82.55%	+3.30%
Average Drawdown Average peak-to-trough decline	-55.19%	-41.10%	-14.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.01%	49.56%	-39.55%

Volatility

HLX vs. MVO - Volatility Comparison

The current volatility for Helix Energy Solutions Group, Inc. (HLX) is 10.58%, while MV Oil Trust (MVO) has a volatility of 21.73%. This indicates that HLX experiences smaller price fluctuations and is considered to be less risky than MVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLX	MVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	21.73%	-11.15%
Volatility (6M) Calculated over the trailing 6-month period	34.07%	106.11%	-72.04%
Volatility (1Y) Calculated over the trailing 1-year period	47.99%	129.77%	-81.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.56%	73.65%	-22.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.75%	67.40%	-1.65%

Dividends

HLX vs. MVO - Dividend Comparison

HLX has not paid dividends to shareholders, while MVO's dividend yield for the trailing twelve months is around 40.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLX Helix Energy Solutions Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MVO MV Oil Trust	40.94%	72.98%	19.12%	12.15%	13.59%	11.16%	15.71%	16.75%	20.29%	8.57%	6.42%	26.18%

Financials

Frequently Asked Questions

Can I hold both HLX and MVO in my portfolio?

HLX and MVO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLX or MVO?

MVO has higher volatility (21.73%) compared to HLX (10.58%). In terms of maximum drawdown, HLX dropped -97.87% vs MVO's -90.76%.

Which has better risk-adjusted returns?

HLX currently has the higher Sharpe Ratio (1.16 vs -0.50), 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.