MPC vs. MPLX
MPC (Marathon Petroleum Corporation) and MPLX (MPLX LP) are both stocks. Both are in the Energy sector — MPC in Oil & Gas Refining & Marketing, MPLX in Oil & Gas Midstream. Over the past 10 years, MPC returned 25.24%/yr vs 15.62%/yr for MPLX. At a 0.41 correlation, their price movements are largely independent.
Performance
MPC vs. MPLX - Performance Comparison
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Returns By Period
In the year-to-date period, MPC achieves a 53.40% return, which is significantly higher than MPLX's 10.82% return. Over the past 10 years, MPC has outperformed MPLX with an annualized return of 25.24%, while MPLX has yielded a comparatively lower 15.62% annualized return.
MPC
- 1D
- 1.80%
- 1M
- -2.89%
- YTD
- 53.40%
- 6M
- 51.41%
- 1Y
- 49.08%
- 3Y*
- 33.05%
- 5Y*
- 35.24%
- 10Y*
- 25.24%
MPLX
- 1D
- 0.11%
- 1M
- 0.76%
- YTD
- 10.82%
- 6M
- 10.02%
- 1Y
- 19.80%
- 3Y*
- 29.87%
- 5Y*
- 24.60%
- 10Y*
- 15.62%
MPC vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPC Marathon Petroleum Corporation | 53.40% | 19.17% | -4.06% | 30.46% | 86.62% | 61.00% | -27.38% | 6.05% | -8.23% | 34.78% |
MPLX MPLX LP | 10.82% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
Correlation
The correlation between MPC and MPLX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.41 |
Over the past year, the correlation between MPC and MPLX has dropped to 0.14 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Fundamentals
MPC:
$15.35
MPLX:
$6.16
MPC:
16.11
MPLX:
9.23
MPC:
0.07
MPLX:
0.64
MPC:
0.55
MPLX:
3.47
MPC:
$135.75B
MPLX:
$12.54B
MPC:
$11.95B
MPLX:
$7.52B
MPC:
$12.39B
MPLX:
$6.90B
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Return for Risk
MPC vs. MPLX — Risk / Return Rank
MPC
MPLX
MPC vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marathon Petroleum Corporation (MPC) and MPLX LP (MPLX). 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 | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.58 | +0.11 |
| Martin ratioReturn relative to average drawdown | 7.03 | 5.97 | +1.06 |
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Drawdowns
MPC vs. MPLX - Drawdown Comparison
The maximum MPC drawdown since its inception was -79.67%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for MPC and MPLX.
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Drawdown Indicators
| MPC | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.67% | -85.72% | +6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -18.33% | -7.71% | -10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -44.75% | -14.58% | -30.17% |
Max Drawdown (5Y)Largest decline over 5 years | -44.75% | -18.46% | -26.29% |
Max Drawdown (10Y)Largest decline over 10 years | -79.67% | -75.21% | -4.46% |
Current DrawdownCurrent decline from peak | -7.45% | -1.96% | -5.49% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -29.90% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.01% | 3.32% | +3.69% |
Volatility
MPC vs. MPLX - Volatility Comparison
Marathon Petroleum Corporation (MPC) has a higher volatility of 10.61% compared to MPLX LP (MPLX) at 4.70%. This indicates that MPC's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPC | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.61% | 4.70% | +5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 26.12% | 11.49% | +14.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.06% | 15.80% | +16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.09% | 19.34% | +13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.22% | 30.63% | +9.59% |
Dividends
MPC vs. MPLX - Dividend Comparison
MPC's dividend yield for the trailing twelve months is around 1.58%, less than MPLX's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPC Marathon Petroleum Corporation | 1.58% | 2.29% | 2.43% | 2.07% | 2.14% | 3.63% | 5.61% | 3.52% | 3.12% | 2.30% | 2.70% | 2.20% |
MPLX MPLX LP | 7.36% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Financials
MPC vs. MPLX - Financials Comparison
This section allows you to compare key financial metrics between Marathon Petroleum Corporation and MPLX 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.
Total Revenue: Total amount of money received from sales and other business activities
MPC vs. MPLX - Profitability Comparison
MPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a gross profit of 3.31B and revenue of 34.57B. Therefore, the gross margin over that period was 9.6%.
MPLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MPLX LP reported a gross profit of 2.64B and revenue of 3.04B. Therefore, the gross margin over that period was 86.8%.
MPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported an operating income of 1.40B and revenue of 34.57B, resulting in an operating margin of 4.1%.
MPLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MPLX LP reported an operating income of 1.21B and revenue of 3.04B, resulting in an operating margin of 40.0%.
MPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a net income of 511.00M and revenue of 34.57B, resulting in a net margin of 1.5%.
MPLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MPLX LP reported a net income of 922.00M and revenue of 3.04B, resulting in a net margin of 30.4%.
Frequently Asked Questions
MPC and MPLX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPC has higher volatility (10.61%) compared to MPLX (4.70%). In terms of maximum drawdown, MPC dropped -79.67% vs MPLX's -85.72%.
MPC currently has the higher Sharpe Ratio (1.54 vs 1.26), 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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