NUVL vs. EQT

Last updated Apr 2, 2026

Compare and contrast key facts about Nuvalent, Inc. (NUVL) and EQT Corporation (EQT).

Performance

NUVL vs. EQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuvalent, Inc. (NUVL) and EQT Corporation (EQT). The values are adjusted to include any dividend payments, if applicable.

NUVL vs. EQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUVL Nuvalent, Inc.	5.02%	28.50%	6.37%	147.11%	56.41%	1.55%
EQT EQT Corporation	14.30%	17.64%	21.41%	16.20%	57.64%	16.69%

Fundamentals

Market Cap NUVL : $7.94B EQT : $38.15B
EPS NUVL : -$5.82 EQT : $3.30
PB Ratio NUVL : 6.36 EQT : 1.61
Total Revenue (TTM) NUVL : $0.00 EQT : $8.64B
Gross Profit (TTM) NUVL : $0.00 EQT : $8.42B
EBITDA (TTM) NUVL : -$338.01M EQT : $5.89B

Returns By Period

In the year-to-date period, NUVL achieves a 5.02% return, which is significantly lower than EQT's 14.30% return.

NUVL

• 1D: 3.11%
• 1M: 4.29%
• YTD: 5.02%
• 6M: 27.92%
• 1Y: 55.35%
• 3Y*: 59.39%
• 5Y*: —
• 10Y*: —

EQT

• 1D: -4.01%
• 1M: -0.89%
• YTD: 14.30%
• 6M: 9.41%
• 1Y: 14.72%
• 3Y*: 26.02%
• 5Y*: 28.03%
• 10Y*: 6.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NUVL vs. EQT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUVL

NUVL Risk / Return Rank: 78
NUVL Sharpe Ratio Rank: 78
NUVL Sortino Ratio Rank: 74
NUVL Omega Ratio Rank: 70
NUVL Calmar Ratio Rank: 85
NUVL Martin Ratio Rank: 81

EQT

EQT Risk / Return Rank: 54
EQT Sharpe Ratio Rank: 55
EQT Sortino Ratio Rank: 48
EQT Omega Ratio Rank: 48
EQT Calmar Ratio Rank: 60
EQT Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUVL vs. EQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuvalent, Inc. (NUVL) and EQT Corporation (EQT). 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.

	NUVL	EQT	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.41	+0.81
Sortino ratio Return per unit of downside risk	1.85	0.76	+1.09
Omega ratio Gain probability vs. loss probability	1.22	1.10	+0.12
Calmar ratio Return relative to maximum drawdown	3.10	0.85	+2.24
Martin ratio Return relative to average drawdown	6.81	1.68	+5.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUVL vs. EQT - Sharpe Ratio Comparison

The current NUVL Sharpe Ratio is 1.22, which is higher than the EQT Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of NUVL and EQT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NUVL	EQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.41	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.31	+0.29

Correlation

The correlation between NUVL and EQT is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NUVL vs. EQT - Dividend Comparison

NUVL has not paid dividends to shareholders, while EQT's dividend yield for the trailing twelve months is around 1.06%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUVL Nuvalent, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EQT EQT Corporation	1.06%	1.19%	1.37%	1.57%	1.63%	0.00%	0.24%	1.10%	0.42%	0.21%	0.18%	0.23%

Drawdowns

NUVL vs. EQT - Drawdown Comparison

The maximum NUVL drawdown since its inception was -80.70%, smaller than the maximum EQT drawdown of -91.51%. Use the drawdown chart below to compare losses from any high point for NUVL and EQT.

Drawdown Indicators

	NUVL	EQT	Difference
Max Drawdown Largest peak-to-trough decline	-80.70%	-91.51%	+10.81%
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	-18.39%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.28%	—
Current Drawdown Current decline from peak	-5.82%	-10.07%	+4.25%
Average Drawdown Average peak-to-trough decline	-25.87%	-23.37%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.19%	9.31%	-2.12%

Volatility

NUVL vs. EQT - Volatility Comparison

Nuvalent, Inc. (NUVL) has a higher volatility of 9.79% compared to EQT Corporation (EQT) at 9.09%. This indicates that NUVL's price experiences larger fluctuations and is considered to be riskier than EQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUVL	EQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.79%	9.09%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	32.18%	24.01%	+8.17%
Volatility (1Y) Calculated over the trailing 1-year period	45.88%	36.12%	+9.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.59%	43.81%	+30.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.59%	48.96%	+25.63%

Financials