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 16.46%/yr vs 15.08%/yr for ARLP. At a 0.20 correlation, their price movements are largely independent.
Performance
HNRG vs. ARLP - Performance Comparison
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Returns By Period
In the year-to-date period, HNRG achieves a -4.73% return, which is significantly lower than ARLP's 14.82% return. Over the past 10 years, HNRG has outperformed ARLP with an annualized return of 16.46%, while ARLP has yielded a comparatively lower 15.08% annualized return.
HNRG
- 1D
- -3.92%
- 1M
- 16.58%
- YTD
- -4.73%
- 6M
- -5.77%
- 1Y
- 6.02%
- 3Y*
- 29.36%
- 5Y*
- 45.62%
- 10Y*
- 16.46%
ARLP
- 1D
- -0.35%
- 1M
- -1.06%
- YTD
- 14.82%
- 6M
- 12.17%
- 1Y
- 7.68%
- 3Y*
- 25.72%
- 5Y*
- 45.72%
- 10Y*
- 15.08%
HNRG vs. ARLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNRG Hallador Energy Company | -4.73% | 66.29% | 29.52% | -11.51% | 306.10% | 67.35% | -49.34% | -39.39% | -14.71% | -31.48% |
ARLP Alliance Resource Partners, L.P. | 14.82% | -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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 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:
$843.85M
ARLP:
$3.27B
HNRG:
$0.51
ARLP:
$72.64
HNRG:
35.45
ARLP:
0.35
HNRG:
0.88
ARLP:
0.01
HNRG:
1.76
ARLP:
0.01
HNRG:
4.10
ARLP:
1.58
HNRG:
$453.49M
ARLP:
$517.67B
HNRG:
$79.39M
ARLP:
$353.56M
HNRG:
$71.97M
ARLP:
$82.91B
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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.
| HNRG | ARLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.44 | -0.27 |
| Martin ratioReturn relative to average drawdown | 0.31 | 0.83 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HNRG | ARLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.34 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.36 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.30 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.37 | -0.25 |
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 | -36.62% | -17.62% | -19.00% |
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 | -23.81% | -10.24% | -13.57% |
Average DrawdownAverage peak-to-trough decline | -45.08% | -24.34% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.16% | 9.28% | +9.88% |
Volatility
HNRG vs. ARLP - Volatility Comparison
Hallador Energy Company (HNRG) has a higher volatility of 18.15% compared to Alliance Resource Partners, L.P. (ARLP) at 5.78%. 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 | 18.15% | 5.78% | +12.37% |
Volatility (6M)Calculated over the trailing 6-month period | 44.27% | 15.70% | +28.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.39% | 22.63% | +36.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.51% | 33.82% | +37.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.56% | 50.24% | +19.32% |
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 9.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.45% | 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 Jun 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 Jun 2026, Alliance Resource Partners, L.P. reported a gross profit of 0.00 and revenue of 516.02B. Therefore, the gross margin over that period was 0.0%.
HNRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Alliance Resource Partners, L.P. reported an operating income of 21.86B and revenue of 516.02B, resulting in an operating margin of 4.2%.
HNRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 Jun 2026, Alliance Resource Partners, L.P. reported a net income of 9.09B and revenue of 516.02B, resulting in a net margin of 1.8%.
Frequently Asked Questions
HNRG and ARLP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNRG has higher volatility (18.15%) compared to ARLP (5.78%). In terms of maximum drawdown, HNRG dropped -94.89% vs ARLP's -90.52%.
ARLP currently has the higher Sharpe Ratio (0.34 vs 0.10), 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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