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IEP vs. UAN
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

IEP vs. UAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Icahn Enterprises L.P. (IEP) and CVR Partners, LP (UAN). The values are adjusted to include any dividend payments, if applicable.

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IEP vs. UAN - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
IEP
Icahn Enterprises L.P.
7.84%8.23%-37.79%-58.78%18.76%12.87%-3.55%20.44%18.98%-1.17%
UAN
CVR Partners, LP
21.36%54.09%27.18%-13.80%43.68%452.88%-48.32%1.48%3.66%-45.19%

Fundamentals

EPS

IEP:

$0.07

UAN:

$9.33

PE Ratio

IEP:

109.70

UAN:

13.28

PEG Ratio

IEP:

3.43

UAN:

0.23

PS Ratio

IEP:

0.30

UAN:

2.16

Total Revenue (TTM)

IEP:

$9.49B

UAN:

$606.04M

Gross Profit (TTM)

IEP:

$920.00M

UAN:

$56.63M

EBITDA (TTM)

IEP:

$685.00M

UAN:

$226.53M

Returns By Period

In the year-to-date period, IEP achieves a 7.84% return, which is significantly lower than UAN's 21.36% return. Over the past 10 years, IEP has underperformed UAN with an annualized return of -5.35%, while UAN has yielded a comparatively higher 14.34% annualized return.


IEP

1D
1.19%
1M
0.39%
YTD
7.84%
6M
2.80%
1Y
5.99%
3Y*
-34.41%
5Y*
-18.66%
10Y*
-5.35%

UAN

1D
-2.16%
1M
17.04%
YTD
21.36%
6M
43.72%
1Y
82.86%
3Y*
28.04%
5Y*
42.12%
10Y*
14.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

IEP vs. UAN — Risk / Return Rank

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

IEP
IEP Risk / Return Rank: 4646
Overall Rank
IEP Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IEP Sortino Ratio Rank: 4141
Sortino Ratio Rank
IEP Omega Ratio Rank: 4141
Omega Ratio Rank
IEP Calmar Ratio Rank: 5050
Calmar Ratio Rank
IEP Martin Ratio Rank: 4949
Martin Ratio Rank

UAN
UAN Risk / Return Rank: 9292
Overall Rank
UAN Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
UAN Sortino Ratio Rank: 8787
Sortino Ratio Rank
UAN Omega Ratio Rank: 9393
Omega Ratio Rank
UAN Calmar Ratio Rank: 9292
Calmar Ratio Rank
UAN Martin Ratio Rank: 9595
Martin Ratio Rank
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.

IEP vs. UAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Icahn Enterprises L.P. (IEP) and CVR Partners, LP (UAN). 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.


IEPUANDifference

Sharpe ratio

Return per unit of total volatility

0.20

2.17

-1.97

Sortino ratio

Return per unit of downside risk

0.51

2.65

-2.13

Omega ratio

Gain probability vs. loss probability

1.06

1.45

-0.39

Calmar ratio

Return relative to maximum drawdown

0.38

4.51

-4.13

Martin ratio

Return relative to average drawdown

0.73

16.31

-15.58

IEP vs. UAN - Sharpe Ratio Comparison

The current IEP Sharpe Ratio is 0.20, which is lower than the UAN Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IEP and UAN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


IEPUANDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.20

2.17

-1.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.46

0.96

-1.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.15

0.26

-0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.13

+0.01

Correlation

The correlation between IEP and UAN is 0.22, 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.


Dividends

IEP vs. UAN - Dividend Comparison

IEP's dividend yield for the trailing twelve months is around 26.18%, more than UAN's 8.50% yield.


TTM20252024202320222021202020192018201720162015
IEP
Icahn Enterprises L.P.
26.18%26.49%40.37%34.90%15.79%16.13%15.79%13.01%12.26%11.32%10.01%9.79%
UAN
CVR Partners, LP
8.50%11.63%8.81%40.64%19.21%5.62%0.00%12.90%0.00%0.61%11.81%15.61%

Drawdowns

IEP vs. UAN - Drawdown Comparison

The maximum IEP drawdown since its inception was -84.21%, smaller than the maximum UAN drawdown of -96.77%. Use the drawdown chart below to compare losses from any high point for IEP and UAN.


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Drawdown Indicators


IEPUANDifference

Max Drawdown

Largest peak-to-trough decline

-84.21%

-96.77%

+12.56%

Max Drawdown (1Y)

Largest decline over 1 year

-16.06%

-18.77%

+2.71%

Max Drawdown (5Y)

Largest decline over 5 years

-77.56%

-49.19%

-28.37%

Max Drawdown (10Y)

Largest decline over 10 years

-77.56%

-92.85%

+15.29%

Current Drawdown

Current decline from peak

-72.36%

-10.84%

-61.52%

Average Drawdown

Average peak-to-trough decline

-30.39%

-48.06%

+17.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.38%

5.19%

+3.19%

Volatility

IEP vs. UAN - Volatility Comparison

The current volatility for Icahn Enterprises L.P. (IEP) is 5.60%, while CVR Partners, LP (UAN) has a volatility of 23.05%. This indicates that IEP experiences smaller price fluctuations and is considered to be less risky than UAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


IEPUANDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.60%

23.05%

-17.45%

Volatility (6M)

Calculated over the trailing 6-month period

18.79%

33.69%

-14.90%

Volatility (1Y)

Calculated over the trailing 1-year period

30.64%

38.38%

-7.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.97%

44.31%

-3.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.53%

54.71%

-18.18%

Financials

IEP vs. UAN - Financials Comparison

This section allows you to compare key financial metrics between Icahn Enterprises L.P. and CVR 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


0.001.00B2.00B3.00B4.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
2.34B
131.06M
(IEP) Total Revenue
(UAN) Total Revenue
Values in USD except per share items

IEP vs. UAN - Profitability Comparison

The chart below illustrates the profitability comparison between Icahn Enterprises L.P. and CVR Partners, LP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

-60.0%-40.0%-20.0%0.0%20.0%40.0%60.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
6.6%
-57.7%
Portfolio components
IEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Icahn Enterprises L.P. reported a gross profit of 154.00M and revenue of 2.34B. Therefore, the gross margin over that period was 6.6%.

UAN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CVR Partners, LP reported a gross profit of -75.58M and revenue of 131.06M. Therefore, the gross margin over that period was -57.7%.

IEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Icahn Enterprises L.P. reported an operating income of -198.00M and revenue of 2.34B, resulting in an operating margin of -8.5%.

UAN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CVR Partners, LP reported an operating income of -2.89M and revenue of 131.06M, resulting in an operating margin of -2.2%.

IEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Icahn Enterprises L.P. reported a net income of 315.00M and revenue of 2.34B, resulting in a net margin of 13.5%.

UAN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CVR Partners, LP reported a net income of -10.27M and revenue of 131.06M, resulting in a net margin of -7.8%.