NGL vs. IMO
NGL (NGL Energy Partners LP) and IMO (Imperial Oil Limited) are both stocks. Both are in the Energy sector — NGL in Oil & Gas Refining & Marketing, IMO in Oil & Gas Integrated. Over the past 10 years, NGL returned 5.01%/yr vs 17.09%/yr for IMO. At a 0.30 correlation, their price movements are largely independent.
Performance
NGL vs. IMO - Performance Comparison
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Returns By Period
In the year-to-date period, NGL achieves a 63.70% return, which is significantly higher than IMO's 33.46% return. Over the past 10 years, NGL has underperformed IMO with an annualized return of 5.01%, while IMO has yielded a comparatively higher 17.09% annualized return.
NGL
- 1D
- 2.38%
- 1M
- -9.61%
- YTD
- 63.70%
- 6M
- 65.35%
- 1Y
- 250.54%
- 3Y*
- 63.00%
- 5Y*
- 46.69%
- 10Y*
- 5.01%
IMO
- 1D
- 1.30%
- 1M
- -13.97%
- YTD
- 33.46%
- 6M
- 35.20%
- 1Y
- 43.79%
- 3Y*
- 36.88%
- 5Y*
- 31.93%
- 10Y*
- 17.09%
NGL vs. IMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGL NGL Energy Partners LP | 63.70% | 100.40% | -10.41% | 360.33% | -33.52% | -24.17% | -75.27% | 34.05% | -22.35% | -20.22% |
IMO Imperial Oil Limited | 33.46% | 43.85% | 10.47% | 20.89% | 38.00% | 95.29% | -25.37% | 7.16% | -17.21% | -8.36% |
Correlation
The correlation between NGL and IMO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.30 |
The correlation between NGL and IMO shifts across timeframes, from 0.19 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NGL:
$1.24
IMO:
$5.87
NGL:
13.19
IMO:
19.43
NGL:
0.12
IMO:
0.43
NGL:
0.66
IMO:
1.22
NGL:
$3.18B
IMO:
$46.55B
NGL:
$755.25M
IMO:
$7.69B
NGL:
$639.38M
IMO:
$6.36B
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Return for Risk
NGL vs. IMO — Risk / Return Rank
NGL
IMO
NGL vs. IMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NGL Energy Partners LP (NGL) and Imperial Oil Limited (IMO). 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.
| NGL | IMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.26 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 15.81 | 2.41 | +13.40 |
| Martin ratioReturn relative to average drawdown | 38.42 | 7.20 | +31.22 |
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Drawdowns
NGL vs. IMO - Drawdown Comparison
The maximum NGL drawdown since its inception was -94.71%, which is greater than IMO's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for NGL and IMO.
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Drawdown Indicators
| NGL | IMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.71% | -84.82% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -18.23% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -53.72% | -22.95% | -30.77% |
Max Drawdown (5Y)Largest decline over 5 years | -63.12% | -29.72% | -33.40% |
Max Drawdown (10Y)Largest decline over 10 years | -92.74% | -76.96% | -15.78% |
Current DrawdownCurrent decline from peak | -16.66% | -17.17% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -51.72% | -21.18% | -30.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 6.11% | +0.64% |
Volatility
NGL vs. IMO - Volatility Comparison
NGL Energy Partners LP (NGL) has a higher volatility of 14.40% compared to Imperial Oil Limited (IMO) at 9.50%. This indicates that NGL's price experiences larger fluctuations and is considered to be riskier than IMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGL | IMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 9.50% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 34.12% | 21.86% | +12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.16% | 27.43% | +25.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.26% | 32.57% | +25.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.60% | 35.59% | +34.01% |
Dividends
NGL vs. IMO - Dividend Comparison
NGL has not paid dividends to shareholders, while IMO's dividend yield for the trailing twelve months is around 2.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 2.02% | 2.40% | 2.84% | 2.73% | 2.30% | 2.28% | 3.50% | 2.41% | 2.36% | 2.02% | 1.70% | 1.66% |
NGL NGL Energy Partners LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 37.08% | 13.76% | 16.27% | 16.23% | 8.62% | 22.78% |
Financials
NGL vs. IMO - Financials Comparison
This section allows you to compare key financial metrics between NGL Energy Partners LP and Imperial Oil Limited. 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
NGL vs. IMO - Profitability Comparison
NGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NGL Energy Partners LP reported a gross profit of 194.75M and revenue of 909.82M. Therefore, the gross margin over that period was 21.4%.
IMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported a gross profit of 2.51B and revenue of 12.45B. Therefore, the gross margin over that period was 20.2%.
NGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NGL Energy Partners LP reported an operating income of 109.14M and revenue of 909.82M, resulting in an operating margin of 12.0%.
IMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported an operating income of 1.23B and revenue of 12.45B, resulting in an operating margin of 9.9%.
NGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NGL Energy Partners LP reported a net income of 47.18M and revenue of 909.82M, resulting in a net margin of 5.2%.
IMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported a net income of 940.00M and revenue of 12.45B, resulting in a net margin of 7.6%.
Frequently Asked Questions
NGL and IMO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGL has higher volatility (14.40%) compared to IMO (9.50%). In terms of maximum drawdown, NGL dropped -94.71% vs IMO's -84.82%.
NGL currently has the higher Sharpe Ratio (4.76 vs 1.61), 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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