INR vs. SWX

Last updated Jun 4, 2026

INR (Infinity Natural Resources, Inc) and SWX (Southwest Gas Holdings, Inc.) are both stocks. INR operates in Oil & Gas E&P (Energy), while SWX operates in Utilities - Regulated Gas (Utilities). Over the past year, INR returned -23.22% vs 19.87% for SWX. At a 0.08 correlation, their price movements are largely independent.

Performance

INR vs. SWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Infinity Natural Resources, Inc (INR) and Southwest Gas Holdings, Inc. (SWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INR achieves a -10.45% return, which is significantly lower than SWX's 8.68% return.

INR

• 1D: -0.08%
• 1M: -23.98%
• YTD: -10.45%
• 6M: -7.96%
• 1Y: -23.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWX

• 1D: -0.36%
• 1M: -7.22%
• YTD: 8.68%
• 6M: 8.84%
• 1Y: 19.87%
• 3Y*: 16.64%
• 5Y*: 8.93%
• 10Y*: 5.03%

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

INR vs. SWX - Yearly Performance Comparison

	2026 (YTD)	2025
INR Infinity Natural Resources, Inc	-10.45%	-30.09%
SWX Southwest Gas Holdings, Inc.	8.68%	10.71%

Correlation

The correlation between INR and SWX is 0.05, 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	0.05
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025	0.08

Fundamentals

EPS INR : $3.01 SWX : $6.41
PE Ratio INR : 4.38 SWX : 13.37
PS Ratio INR : 0.49 SWX : 2.48
Total Revenue (TTM) INR : $426.14M SWX : $2.50B
Gross Profit (TTM) INR : $200.85M SWX : $842.57M
EBITDA (TTM) INR : $334.14M SWX : $713.22M

Return for Risk

INR vs. SWX — Risk / Return Rank

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

INR

INR Risk / Return Rank: 21
INR Sharpe Ratio Rank: 19
INR Sortino Ratio Rank: 20
INR Omega Ratio Rank: 22
INR Calmar Ratio Rank: 22
INR Martin Ratio Rank: 23

SWX

SWX Risk / Return Rank: 73
SWX Sharpe Ratio Rank: 74
SWX Sortino Ratio Rank: 67
SWX Omega Ratio Rank: 65
SWX Calmar Ratio Rank: 75
SWX Martin Ratio Rank: 82

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.

INR vs. SWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infinity Natural Resources, Inc (INR) and Southwest Gas Holdings, Inc. (SWX). 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.

	INR	SWX	Difference
Sharpe ratio Return per unit of total volatility	-0.49	1.11	-1.60
Sortino ratio Return per unit of downside risk	-0.46	1.62	-2.08
Omega ratio Gain probability vs. loss probability	0.95	1.20	-0.25
Calmar ratio Return relative to maximum drawdown	-0.55	2.10	-2.64
Martin ratio Return relative to average drawdown	-0.93	7.32	-8.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INR vs. SWX - Sharpe Ratio Comparison

The current INR Sharpe Ratio is -0.49, which is lower than the SWX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of INR and SWX, 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

	INR	SWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	1.11	-1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.32	-0.92

Drawdowns

INR vs. SWX - Drawdown Comparison

The maximum INR drawdown since its inception was -48.84%, smaller than the maximum SWX drawdown of -53.62%. Use the drawdown chart below to compare losses from any high point for INR and SWX.

Drawdown Indicators

	INR	SWX	Difference
Max Drawdown Largest peak-to-trough decline	-48.84%	-53.62%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	-42.74%	-9.51%	-33.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.47%	—
Current Drawdown Current decline from peak	-39.74%	-8.18%	-31.56%
Average Drawdown Average peak-to-trough decline	-28.50%	-12.56%	-15.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.09%	2.76%	+22.33%

Volatility

INR vs. SWX - Volatility Comparison

Infinity Natural Resources, Inc (INR) has a higher volatility of 14.58% compared to Southwest Gas Holdings, Inc. (SWX) at 5.81%. This indicates that INR's price experiences larger fluctuations and is considered to be riskier than SWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INR	SWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.58%	5.81%	+8.77%
Volatility (6M) Calculated over the trailing 6-month period	32.68%	12.94%	+19.74%
Volatility (1Y) Calculated over the trailing 1-year period	47.16%	18.25%	+28.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.22%	25.35%	+23.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.22%	27.31%	+21.91%

Dividends

INR vs. SWX - Dividend Comparison

INR has not paid dividends to shareholders, while SWX's dividend yield for the trailing twelve months is around 2.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INR Infinity Natural Resources, 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%
SWX Southwest Gas Holdings, Inc.	2.92%	3.10%	3.51%	3.91%	3.97%	3.36%	3.71%	2.84%	2.69%	2.40%	2.29%	2.86%

Financials

INR vs. SWX - Profitability Comparison

The chart below illustrates the profitability comparison between Infinity Natural Resources, Inc and Southwest Gas Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

INR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Infinity Natural Resources, Inc reported a gross profit of 86.75M and revenue of 154.87M. Therefore, the gross margin over that period was 56.0%.

SWX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Southwest Gas Holdings, Inc. reported a gross profit of 298.89M and revenue of 585.12M. Therefore, the gross margin over that period was 51.1%.

INR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Infinity Natural Resources, Inc reported an operating income of 78.83M and revenue of 154.87M, resulting in an operating margin of 50.9%.

SWX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Southwest Gas Holdings, Inc. reported an operating income of 219.35M and revenue of 585.12M, resulting in an operating margin of 37.5%.

INR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Infinity Natural Resources, Inc reported a net income of -1.87M and revenue of 154.87M, resulting in a net margin of -1.2%.

SWX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Southwest Gas Holdings, Inc. reported a net income of 138.37M and revenue of 585.12M, resulting in a net margin of 23.7%.

Frequently Asked Questions

Can I hold both INR and SWX in my portfolio?

INR and SWX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INR or SWX?

INR has higher volatility (14.58%) compared to SWX (5.81%). In terms of maximum drawdown, INR dropped -48.84% vs SWX's -53.62%.

Which has better risk-adjusted returns?

SWX currently has the higher Sharpe Ratio (1.11 vs -0.49), 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.