HNRG vs. ARLP
HNRG (Hallador Energy Company) and ARLP (Alliance Resource Partners, L.P.) are both stocks. Both operate in the Thermal Coal industry within the Energy sector. Over the past 10 years, HNRG returned 12.49%/yr vs 12.92%/yr for ARLP. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
HNRG vs. ARLP - Performance Comparison
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Returns By Period
In the year-to-date period, HNRG achieves a -21.53% return, which is significantly lower than ARLP's 18.03% return. Both investments have delivered pretty close results over the past 10 years, with HNRG having a 12.49% annualized return and ARLP not far ahead at 12.92%.
HNRG
- 1D
- 5.06%
- 1M
- -8.06%
- 6M
- -16.72%
- YTD
- -21.53%
- 1Y
- -11.75%
- 3Y*
- 16.33%
- 5Y*
- 41.65%
- 10Y*
- 12.49%
- ALL TIME*
- 10.74%
ARLP
- 1D
- 0.66%
- 1M
- 9.70%
- 6M
- 11.05%
- YTD
- 18.03%
- 1Y
- 8.11%
- 3Y*
- 21.88%
- 5Y*
- 41.28%
- 10Y*
- 12.92%
- ALL TIME*
- 15.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.12M | $6.11M | $7.52M | |
| $11.56M | $11.19M | $14.97M |
HNRG vs. ARLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNRG Hallador Energy Company | -21.53% | 66.29% | 29.52% | -11.51% | 306.10% | 67.35% | -49.34% | -39.39% | -14.71% | -31.48% |
ARLP Alliance Resource Partners, L.P. | 18.03% | -2.45% | 39.91% | 18.83% | 73.34% | 195.75% | -56.80% | -28.90% | -1.90% | -4.04% |
Correlation
The correlation between HNRG and ARLP is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 1999 | 0.20 |
The correlation between HNRG and ARLP shifts across timeframes, from 0.20 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HNRG:
$704.13M
ARLP:
$3.36B
HNRG:
$0.51
ARLP:
$2.07
HNRG:
29.43
ARLP:
12.60
HNRG:
0.73
ARLP:
0.28
HNRG:
1.46
ARLP:
1.54
HNRG:
3.38
ARLP:
0.00
HNRG:
$453.49M
ARLP:
$2.17B
HNRG:
$79.39M
ARLP:
$613.22M
HNRG:
$71.97M
ARLP:
$650.79M
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Return for Risk
HNRG vs. ARLP — Risk / Return Rank
HNRG
ARLP
HNRG vs. ARLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hallador Energy Company (HNRG) and Alliance Resource Partners, L.P. (ARLP). 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.
| HNRG | ARLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.08 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.48 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.52 | 0.94 | -1.46 |
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Drawdowns
HNRG vs. ARLP - Drawdown Comparison
The maximum HNRG drawdown since its inception was -94.89%, roughly equal to the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for HNRG and ARLP.
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Drawdown Indicators
| HNRG | ARLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.89% | -90.52% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -42.46% | -16.92% | -25.54% |
Max Drawdown (3Y)Largest decline over 3 years | -71.13% | -20.83% | -50.30% |
Max Drawdown (5Y)Largest decline over 5 years | -71.13% | -29.13% | -42.00% |
Max Drawdown (10Y)Largest decline over 10 years | -93.19% | -85.26% | -7.93% |
Current DrawdownCurrent decline from peak | -37.25% | -7.73% | -29.52% |
Average DrawdownAverage peak-to-trough decline | -44.99% | -24.26% | -20.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.67% | 8.62% | +14.05% |
Volatility
HNRG vs. ARLP - Volatility Comparison
Hallador Energy Company (HNRG) has a higher volatility of 17.53% compared to Alliance Resource Partners, L.P. (ARLP) at 5.29%. This indicates that HNRG's price experiences larger fluctuations and is considered to be riskier than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNRG | ARLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.53% | 5.29% | +12.24% |
Volatility (6M)Calculated over the trailing 6-month period | 44.32% | 16.80% | +27.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.10% | 23.03% | +40.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.67% | 32.68% | +38.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.91% | 49.66% | +20.25% |
Dividends
HNRG vs. ARLP - Dividend Comparison
HNRG has not paid dividends to shareholders, while ARLP's dividend yield for the trailing twelve months is around 9.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.19% | 11.19% | 10.65% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.54% | 8.85% | 19.74% |
HNRG Hallador Energy Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.72% | 5.39% | 3.16% | 2.63% | 1.76% | 3.51% |
Financials
HNRG vs. ARLP - Financials Comparison
This section allows you to compare key financial metrics between Hallador Energy Company and Alliance Resource Partners, L.P.. 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
HNRG vs. ARLP - Profitability Comparison
HNRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hallador Energy Company reported a gross profit of 59.46M and revenue of 101.81M. Therefore, the gross margin over that period was 58.4%.
ARLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alliance Resource Partners, L.P. reported a gross profit of 202.70M and revenue of 551.56M. Therefore, the gross margin over that period was 36.8%.
HNRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hallador Energy Company reported an operating income of -5.65M and revenue of 101.81M, resulting in an operating margin of -5.6%.
ARLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alliance Resource Partners, L.P. reported an operating income of 95.59M and revenue of 551.56M, resulting in an operating margin of 17.3%.
HNRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hallador Energy Company reported a net income of -9.32M and revenue of 101.81M, resulting in a net margin of -9.2%.
ARLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alliance Resource Partners, L.P. reported a net income of 79.56M and revenue of 551.56M, resulting in a net margin of 14.4%.
Frequently Asked Questions
HNRG and ARLP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNRG has higher volatility (17.53%) compared to ARLP (5.29%). In terms of maximum drawdown, HNRG dropped -94.89% vs ARLP's -90.52%.
ARLP currently has the higher Sharpe Ratio (0.35 vs -0.19), 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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