MPC vs. APA
MPC (Marathon Petroleum Corporation) and APA (Apache Corporation) are both stocks. Both are in the Energy sector — MPC in Oil & Gas Refining & Marketing, APA in Oil & Gas E&P. Over the past 10 years, MPC returned 25.42%/yr vs -1.04%/yr for APA. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
MPC vs. APA - Performance Comparison
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Returns By Period
In the year-to-date period, MPC achieves a 84.70% return, which is significantly higher than APA's 45.02% return. Over the past 10 years, MPC has outperformed APA with an annualized return of 25.42%, while APA has yielded a comparatively lower -1.04% annualized return.
MPC
- 1D
- -4.75%
- 1M
- 10.69%
- 6M
- 53.32%
- YTD
- 84.70%
- 1Y
- 79.72%
- 3Y*
- 31.91%
- 5Y*
- 42.32%
- 10Y*
- 25.42%
- ALL TIME*
- 22.76%
APA
- 1D
- -3.18%
- 1M
- 7.53%
- 6M
- 28.33%
- YTD
- 45.02%
- 1Y
- 92.95%
- 3Y*
- -2.46%
- 5Y*
- 17.08%
- 10Y*
- -1.04%
- ALL TIME*
- 6.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $207.93M | $189.58M | $201.69M | |
| $652.11M | $637.87M | $630.23M |
MPC vs. APA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPC Marathon Petroleum Corporation | 84.70% | 19.17% | -4.06% | 30.46% | 86.62% | 61.00% | -27.38% | 6.05% | -8.23% | 34.78% |
APA Apache Corporation | 45.02% | 11.54% | -33.44% | -21.24% | 76.44% | 90.76% | -43.71% | 1.12% | -36.39% | -32.13% |
Correlation
The correlation between MPC and APA is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2011 | 0.52 |
The correlation between MPC and APA shifts across timeframes, from 0.49 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MPC:
$86.92B
APA:
$12.25B
MPC:
$28.78
APA:
$4.30
MPC:
10.35
APA:
8.06
MPC:
0.05
APA:
0.10
MPC:
0.57
APA:
1.44
MPC:
4.54
APA:
1.90
MPC:
$153.95B
APA:
$8.61B
MPC:
$17.89B
APA:
$4.64B
MPC:
$16.18B
APA:
$5.63B
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Return for Risk
MPC vs. APA — Risk / Return Rank
MPC
APA
MPC vs. APA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marathon Petroleum Corporation (MPC) and Apache Corporation (APA). 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.
| MPC | APA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | 3.37 | +1.00 |
| Martin ratioReturn relative to average drawdown | 12.31 | 8.40 | +3.92 |
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Drawdowns
MPC vs. APA - Drawdown Comparison
The maximum MPC drawdown since its inception was -79.67%, smaller than the maximum APA drawdown of -96.73%. Use the drawdown chart below to compare losses from any high point for MPC and APA.
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Drawdown Indicators
| MPC | APA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.67% | -96.73% | +17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -18.33% | -27.72% | +9.39% |
Max Drawdown (3Y)Largest decline over 3 years | -44.75% | -67.45% | +22.70% |
Max Drawdown (5Y)Largest decline over 5 years | -44.75% | -70.47% | +25.72% |
Max Drawdown (10Y)Largest decline over 10 years | -79.67% | -93.49% | +13.82% |
Current DrawdownCurrent decline from peak | -6.88% | -66.85% | +59.97% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -40.42% | +23.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 11.11% | -4.56% |
Volatility
MPC vs. APA - Volatility Comparison
The current volatility for Marathon Petroleum Corporation (MPC) is 10.81%, while Apache Corporation (APA) has a volatility of 12.09%. This indicates that MPC experiences smaller price fluctuations and is considered to be less risky than APA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPC | APA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 12.09% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 26.26% | 33.55% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.07% | 45.97% | -12.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.07% | 48.37% | -15.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.97% | 58.41% | -18.44% |
Dividends
MPC vs. APA - Dividend Comparison
MPC's dividend yield for the trailing twelve months is around 1.31%, less than APA's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APA Apache Corporation | 2.89% | 4.09% | 4.33% | 2.79% | 1.34% | 0.51% | 2.29% | 3.91% | 3.81% | 2.37% | 1.58% | 2.25% |
MPC Marathon Petroleum Corporation | 1.31% | 2.29% | 2.43% | 2.07% | 2.14% | 3.63% | 5.61% | 3.52% | 3.12% | 2.30% | 2.70% | 2.20% |
Financials
MPC vs. APA - Financials Comparison
This section allows you to compare key financial metrics between Marathon Petroleum Corporation and Apache Corporation. 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
MPC vs. APA - Profitability Comparison
MPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Marathon Petroleum Corporation reported a gross profit of 8.93B and revenue of 51.99B. Therefore, the gross margin over that period was 17.2%.
APA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Apache Corporation reported a gross profit of 2.25B and revenue of 2.33B. Therefore, the gross margin over that period was 96.8%.
MPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Marathon Petroleum Corporation reported an operating income of 7.20B and revenue of 51.99B, resulting in an operating margin of 13.8%.
APA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Apache Corporation reported an operating income of 999.00M and revenue of 2.33B, resulting in an operating margin of 42.9%.
MPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Marathon Petroleum Corporation reported a net income of 5.14B and revenue of 51.99B, resulting in a net margin of 9.9%.
APA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Apache Corporation reported a net income of 446.00M and revenue of 2.33B, resulting in a net margin of 19.2%.
Frequently Asked Questions
MPC and APA have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APA has higher volatility (12.09%) compared to MPC (10.81%). In terms of maximum drawdown, MPC dropped -79.67% vs APA's -96.73%.
MPC currently has the higher Sharpe Ratio (2.42 vs 2.03), 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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