NGL vs. NESR
NGL (NGL Energy Partners LP) and NESR (National Energy Services Reunited Corp.) are both stocks. Both are in the Energy sector — NGL in Oil & Gas Refining & Marketing, NESR in Oil & Gas Equipment & Services. Over the past 5 years, NGL returned 45.34%/yr vs 11.48%/yr for NESR. At a 0.19 correlation, their price movements are largely independent.
Performance
NGL vs. NESR - Performance Comparison
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Returns By Period
In the year-to-date period, NGL achieves a 62.80% return, which is significantly higher than NESR's 59.64% return.
NGL
- 1D
- -1.51%
- 1M
- 2.71%
- YTD
- 62.80%
- 6M
- 71.91%
- 1Y
- 378.82%
- 3Y*
- 66.61%
- 5Y*
- 45.34%
- 10Y*
- 5.97%
NESR
- 1D
- 1.13%
- 1M
- 3.69%
- YTD
- 59.64%
- 6M
- 69.72%
- 1Y
- 318.76%
- 3Y*
- 103.88%
- 5Y*
- 11.48%
- 10Y*
- —
NGL vs. NESR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGL NGL Energy Partners LP | 62.80% | 100.40% | -10.41% | 360.33% | -33.52% | -24.17% | -75.27% | 34.05% | -22.35% | 16.96% |
NESR National Energy Services Reunited Corp. | 59.64% | 74.78% | 46.89% | -12.10% | -26.56% | -4.83% | 8.88% | 5.31% | -12.96% | 4.63% |
Correlation
The correlation between NGL and NESR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017 | 0.19 |
The correlation between NGL and NESR shifts across timeframes, from 0.08 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NGL:
$1.24
NESR:
$0.64
NGL:
13.11
NESR:
39.06
NGL:
0.12
NESR:
0.40
NGL:
0.66
NESR:
1.77
NGL:
$3.18B
NESR:
$1.43B
NGL:
$755.25M
NESR:
$179.11M
NGL:
$639.38M
NESR:
$185.56M
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Return for Risk
NGL vs. NESR — Risk / Return Rank
NGL
NESR
NGL vs. NESR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NGL Energy Partners LP (NGL) and National Energy Services Reunited Corp. (NESR). 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.
| NGL | NESR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.71 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 24.16 | 11.73 | +12.43 |
| Martin ratioReturn relative to average drawdown | 60.85 | 41.23 | +19.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NGL | NESR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.10 | 6.02 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.21 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.22 | -0.14 |
Drawdowns
NGL vs. NESR - Drawdown Comparison
The maximum NGL drawdown since its inception was -94.71%, which is greater than NESR's maximum drawdown of -83.12%. Use the drawdown chart below to compare losses from any high point for NGL and NESR.
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Drawdown Indicators
| NGL | NESR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.71% | -83.12% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -27.39% | +11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -53.72% | -45.64% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -63.12% | -83.12% | +20.00% |
Max Drawdown (10Y)Largest decline over 10 years | -92.74% | — | — |
Current DrawdownCurrent decline from peak | -17.12% | -6.86% | -10.26% |
Average DrawdownAverage peak-to-trough decline | -51.84% | -36.00% | -15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 7.80% | -1.54% |
Volatility
NGL vs. NESR - Volatility Comparison
The current volatility for NGL Energy Partners LP (NGL) is 12.69%, while National Energy Services Reunited Corp. (NESR) has a volatility of 15.18%. This indicates that NGL experiences smaller price fluctuations and is considered to be less risky than NESR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGL | NESR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.69% | 15.18% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 33.42% | 36.43% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.78% | 53.69% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.99% | 55.65% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.53% | 52.23% | +17.30% |
Dividends
NGL vs. NESR - Dividend Comparison
Neither NGL nor NESR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NESR National Energy Services Reunited Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. NESR - Financials Comparison
This section allows you to compare key financial metrics between NGL Energy Partners LP and National Energy Services Reunited Corp.. 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. NESR - 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%.
NESR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a gross profit of 51.83M and revenue of 404.59M. Therefore, the gross margin over that period was 12.8%.
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%.
NESR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported an operating income of 36.04M and revenue of 404.59M, resulting in an operating margin of 8.9%.
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%.
NESR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a net income of 23.83M and revenue of 404.59M, resulting in a net margin of 5.9%.
Frequently Asked Questions
NGL and NESR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NESR has higher volatility (15.18%) compared to NGL (12.69%). In terms of maximum drawdown, NGL dropped -94.71% vs NESR's -83.12%.
NGL currently has the higher Sharpe Ratio (7.10 vs 6.02), 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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