MNR vs. HESM

Last updated Jun 3, 2026

MNR (Monmouth Real Estate Investment Corporation) and HESM (Hess Midstream LP) are both stocks. MNR operates in REIT - Industrial (Real Estate), while HESM operates in Oil & Gas Midstream (Energy). Over the past year, MNR returned 15.60% vs 10.32% for HESM. At a 0.29 correlation, their price movements are largely independent.

Performance

MNR vs. HESM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monmouth Real Estate Investment Corporation (MNR) and Hess Midstream LP (HESM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNR achieves a 31.97% return, which is significantly higher than HESM's 15.44% return.

MNR

• 1D: 0.22%
• 1M: 1.58%
• YTD: 31.97%
• 6M: 20.61%
• 1Y: 15.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HESM

• 1D: 0.71%
• 1M: 2.27%
• YTD: 15.44%
• 6M: 20.00%
• 1Y: 10.32%
• 3Y*: 18.82%
• 5Y*: 17.07%
• 10Y*: —

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

MNR vs. HESM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MNR Monmouth Real Estate Investment Corporation	31.97%	-26.21%	23.43%	-10.09%
HESM Hess Midstream LP	15.44%	0.56%	26.41%	7.01%

Correlation

The correlation between MNR and HESM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.29

Fundamentals

Market Cap MNR : $2.25B HESM : $4.93B
EPS MNR : $0.68 HESM : $2.89
PE Ratio MNR : 19.81 HESM : 13.22
PEG Ratio MNR : 0.26 HESM : 1.07
PS Ratio MNR : 1.53 HESM : 2.99
PB Ratio MNR : 1.00 HESM : 13.16
Total Revenue (TTM) MNR : $1.19B HESM : $1.63B
Gross Profit (TTM) MNR : $632.55M HESM : $1.13B
EBITDA (TTM) MNR : $541.72M HESM : $1.24B

Return for Risk

MNR vs. HESM — Risk / Return Rank

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

MNR

MNR Risk / Return Rank: 53
MNR Sharpe Ratio Rank: 60
MNR Sortino Ratio Rank: 51
MNR Omega Ratio Rank: 50
MNR Calmar Ratio Rank: 53
MNR Martin Ratio Rank: 52

HESM

HESM Risk / Return Rank: 50
HESM Sharpe Ratio Rank: 56
HESM Sortino Ratio Rank: 46
HESM Omega Ratio Rank: 47
HESM Calmar Ratio Rank: 51
HESM Martin Ratio Rank: 51

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.

MNR vs. HESM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monmouth Real Estate Investment Corporation (MNR) and Hess Midstream LP (HESM). 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.

	MNR	HESM	Difference
Sharpe ratio Return per unit of total volatility	0.56	0.43	+0.13
Sortino ratio Return per unit of downside risk	0.90	0.72	+0.18
Omega ratio Gain probability vs. loss probability	1.11	1.10	+0.02
Calmar ratio Return relative to maximum drawdown	0.55	0.47	+0.09
Martin ratio Return relative to average drawdown	1.07	0.96	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MNR vs. HESM - Sharpe Ratio Comparison

The current MNR Sharpe Ratio is 0.56, which is comparable to the HESM Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of MNR and HESM, 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

	MNR	HESM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.43	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.33	-0.22

Drawdowns

MNR vs. HESM - Drawdown Comparison

The maximum MNR drawdown since its inception was -34.70%, smaller than the maximum HESM drawdown of -75.16%. Use the drawdown chart below to compare losses from any high point for MNR and HESM.

Drawdown Indicators

	MNR	HESM	Difference
Max Drawdown Largest peak-to-trough decline	-34.70%	-75.16%	+40.46%
Max Drawdown (1Y) Largest decline over 1 year	-27.08%	-25.78%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.72%	—
Current Drawdown Current decline from peak	-11.90%	-6.24%	-5.66%
Average Drawdown Average peak-to-trough decline	-14.73%	-11.79%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.03%	12.64%	+1.39%

Volatility

MNR vs. HESM - Volatility Comparison

The current volatility for Monmouth Real Estate Investment Corporation (MNR) is 7.83%, while Hess Midstream LP (HESM) has a volatility of 8.98%. This indicates that MNR experiences smaller price fluctuations and is considered to be less risky than HESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MNR	HESM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.83%	8.98%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	21.77%	14.99%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	28.18%	24.24%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.82%	27.36%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.82%	38.86%	-10.04%

Dividends

MNR vs. HESM - Dividend Comparison

MNR's dividend yield for the trailing twelve months is around 13.59%, more than HESM's 7.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HESM Hess Midstream LP	7.95%	8.41%	7.12%	7.50%	7.30%	6.93%	8.86%	6.89%	8.00%	2.93%
MNR Monmouth Real Estate Investment Corporation	13.59%	17.57%	18.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

MNR vs. HESM - Profitability Comparison

The chart below illustrates the profitability comparison between Monmouth Real Estate Investment Corporation and Hess Midstream LP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MNR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monmouth Real Estate Investment Corporation reported a gross profit of 279.14M and revenue of 285.93M. Therefore, the gross margin over that period was 97.6%.

HESM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a gross profit of 246.00M and revenue of 390.10M. Therefore, the gross margin over that period was 63.1%.

MNR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monmouth Real Estate Investment Corporation reported an operating income of -9.71M and revenue of 285.93M, resulting in an operating margin of -3.4%.

HESM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported an operating income of 238.10M and revenue of 390.10M, resulting in an operating margin of 61.0%.

MNR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monmouth Real Estate Investment Corporation reported a net income of -35.04M and revenue of 285.93M, resulting in a net margin of -12.3%.

HESM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a net income of 87.60M and revenue of 390.10M, resulting in a net margin of 22.5%.

Frequently Asked Questions

Can I hold both MNR and HESM in my portfolio?

MNR and HESM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MNR or HESM?

HESM has higher volatility (8.98%) compared to MNR (7.83%). In terms of maximum drawdown, MNR dropped -34.70% vs HESM's -75.16%.

Which has better risk-adjusted returns?

MNR currently has the higher Sharpe Ratio (0.56 vs 0.43), 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.