MPLX vs. LNG
MPLX (MPLX LP) and LNG (Cheniere Energy, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, MPLX returned 15.85%/yr vs 22.78%/yr for LNG. At a 0.41 correlation, their price movements are largely independent.
Performance
MPLX vs. LNG - Performance Comparison
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Returns By Period
In the year-to-date period, MPLX achieves a 10.77% return, which is significantly lower than LNG's 24.74% return. Over the past 10 years, MPLX has underperformed LNG with an annualized return of 15.85%, while LNG has yielded a comparatively higher 22.78% annualized return.
MPLX
- 1D
- 0.67%
- 1M
- 2.34%
- YTD
- 10.77%
- 6M
- 7.78%
- 1Y
- 18.58%
- 3Y*
- 29.42%
- 5Y*
- 23.64%
- 10Y*
- 15.85%
LNG
- 1D
- 0.47%
- 1M
- 0.08%
- YTD
- 24.74%
- 6M
- 28.05%
- 1Y
- 2.23%
- 3Y*
- 19.57%
- 5Y*
- 23.34%
- 10Y*
- 22.78%
MPLX vs. LNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 10.77% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
LNG Cheniere Energy, Inc. | 24.74% | -8.70% | 27.18% | 15.02% | 49.30% | 69.48% | -1.70% | 3.18% | 9.94% | 29.95% |
Correlation
The correlation between MPLX and LNG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.41 |
The correlation between MPLX and LNG shifts across timeframes, from 0.32 (1 year) to 0.47 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MPLX:
$6.16
LNG:
$6.80
MPLX:
9.23
LNG:
35.48
MPLX:
0.64
LNG:
0.19
MPLX:
3.46
LNG:
2.58
MPLX:
$12.54B
LNG:
$20.28B
MPLX:
$7.52B
LNG:
$5.52B
MPLX:
$6.90B
LNG:
$5.81B
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Return for Risk
MPLX vs. LNG — Risk / Return Rank
MPLX
LNG
MPLX vs. LNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) and Cheniere Energy, Inc. (LNG). 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.
| MPLX | LNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.05 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.15 | +2.27 |
| Martin ratioReturn relative to average drawdown | 5.66 | 0.31 | +5.35 |
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Drawdowns
MPLX vs. LNG - Drawdown Comparison
The maximum MPLX drawdown since its inception was -85.72%, smaller than the maximum LNG drawdown of -97.84%. Use the drawdown chart below to compare losses from any high point for MPLX and LNG.
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Drawdown Indicators
| MPLX | LNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.72% | -97.84% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -24.09% | +16.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | -24.87% | +10.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -24.87% | +6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -75.21% | -57.53% | -17.68% |
Current DrawdownCurrent decline from peak | -2.01% | -18.55% | +16.54% |
Average DrawdownAverage peak-to-trough decline | -29.94% | -43.14% | +13.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 11.88% | -8.58% |
Volatility
MPLX vs. LNG - Volatility Comparison
The current volatility for MPLX LP (MPLX) is 4.40%, while Cheniere Energy, Inc. (LNG) has a volatility of 7.19%. This indicates that MPLX experiences smaller price fluctuations and is considered to be less risky than LNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPLX | LNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 7.19% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 21.49% | -10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 27.02% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 30.27% | -10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 32.50% | -1.88% |
Dividends
MPLX vs. LNG - Dividend Comparison
MPLX's dividend yield for the trailing twelve months is around 7.36%, more than LNG's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNG Cheniere Energy, Inc. | 0.90% | 1.06% | 0.84% | 0.95% | 0.92% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MPLX vs. LNG - Financials Comparison
This section allows you to compare key financial metrics between MPLX LP and Cheniere Energy, Inc.. 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
MPLX vs. LNG - Profitability Comparison
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%.
LNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cheniere Energy, Inc. reported a gross profit of 0.00 and revenue of 5.87B. Therefore, the gross margin over that period was 0.0%.
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%.
LNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy, Inc. reported an operating income of -3.49B and revenue of 5.87B, resulting in an operating margin of -59.4%.
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%.
LNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy, Inc. reported a net income of -3.50B and revenue of 5.87B, resulting in a net margin of -59.7%.
Frequently Asked Questions
MPLX and LNG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LNG has higher volatility (7.19%) compared to MPLX (4.40%). In terms of maximum drawdown, MPLX dropped -85.72% vs LNG's -97.84%.
MPLX currently has the higher Sharpe Ratio (1.20 vs 0.14), 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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