NWG vs. EPD

Last updated Apr 2, 2026

Compare and contrast key facts about NatWest Group plc (NWG) and Enterprise Products Partners L.P. (EPD).

Performance

NWG vs. EPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NatWest Group plc (NWG) and Enterprise Products Partners L.P. (EPD). The values are adjusted to include any dividend payments, if applicable.

NWG vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWG NatWest Group plc	-7.33%	81.29%	92.31%	-4.69%	11.23%	39.24%	-24.92%	29.18%	-26.25%	38.16%
EPD Enterprise Products Partners L.P.	18.66%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%

Fundamentals

Market Cap NWG : $62.97B EPD : $81.78B
EPS NWG : $1.43 EPD : $2.65
PE Ratio NWG : 10.90 EPD : 14.11
PEG Ratio NWG : 0.19 EPD : 2.27
PS Ratio NWG : 2.42 EPD : 1.56
PB Ratio NWG : 1.48 EPD : 2.72
Total Revenue (TTM) NWG : $26.26B EPD : $52.60B
Gross Profit (TTM) NWG : $16.49B EPD : $7.17B
EBITDA (TTM) NWG : $6.62B EPD : $9.92B

Returns By Period

In the year-to-date period, NWG achieves a -7.33% return, which is significantly lower than EPD's 18.66% return. Over the past 10 years, NWG has outperformed EPD with an annualized return of 15.35%, while EPD has yielded a comparatively lower 12.14% annualized return.

NWG

• 1D: 4.36%
• 1M: -0.26%
• YTD: -7.33%
• 6M: 13.73%
• 1Y: 37.75%
• 3Y*: 42.54%
• 5Y*: 31.33%
• 10Y*: 15.35%

EPD

• 1D: -1.08%
• 1M: 1.46%
• YTD: 18.66%
• 6M: 24.27%
• 1Y: 17.16%
• 3Y*: 21.39%
• 5Y*: 19.32%
• 10Y*: 12.14%

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

Return for Risk

NWG vs. EPD — Risk / Return Rank

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

NWG

NWG Risk / Return Rank: 73
NWG Sharpe Ratio Rank: 78
NWG Sortino Ratio Rank: 70
NWG Omega Ratio Rank: 69
NWG Calmar Ratio Rank: 71
NWG Martin Ratio Rank: 76

EPD

EPD Risk / Return Rank: 66
EPD Sharpe Ratio Rank: 71
EPD Sortino Ratio Rank: 62
EPD Omega Ratio Rank: 63
EPD Calmar Ratio Rank: 64
EPD Martin Ratio Rank: 68

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.

NWG vs. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NatWest Group plc (NWG) and Enterprise Products Partners L.P. (EPD). 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.

	NWG	EPD	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.92	+0.26
Sortino ratio Return per unit of downside risk	1.66	1.29	+0.36
Omega ratio Gain probability vs. loss probability	1.22	1.18	+0.03
Calmar ratio Return relative to maximum drawdown	1.60	1.13	+0.47
Martin ratio Return relative to average drawdown	4.94	3.20	+1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWG vs. EPD - Sharpe Ratio Comparison

The current NWG Sharpe Ratio is 1.18, which is comparable to the EPD Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of NWG and EPD, 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

	NWG	EPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.92	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	1.14	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.50	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.54	-0.65

Correlation

The correlation between NWG and EPD is 0.31, 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

NWG vs. EPD - Dividend Comparison

NWG's dividend yield for the trailing twelve months is around 5.63%, less than EPD's 5.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWG NatWest Group plc	5.63%	3.69%	4.36%	9.42%	11.57%	2.74%	4.59%	9.75%	0.91%	0.00%	0.00%	0.00%
EPD Enterprise Products Partners L.P.	5.81%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%

Drawdowns

NWG vs. EPD - Drawdown Comparison

The maximum NWG drawdown since its inception was -96.96%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for NWG and EPD.

Drawdown Indicators

	NWG	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-96.96%	-58.78%	-38.18%
Max Drawdown (1Y) Largest decline over 1 year	-24.03%	-14.98%	-9.05%
Max Drawdown (5Y) Largest decline over 5 years	-40.56%	-18.06%	-22.50%
Max Drawdown (10Y) Largest decline over 10 years	-67.34%	-58.04%	-9.30%
Current Drawdown Current decline from peak	-72.10%	-4.71%	-67.39%
Average Drawdown Average peak-to-trough decline	-86.36%	-10.17%	-76.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	5.45%	+2.35%

Volatility

NWG vs. EPD - Volatility Comparison

NatWest Group plc (NWG) has a higher volatility of 10.89% compared to Enterprise Products Partners L.P. (EPD) at 5.68%. This indicates that NWG's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWG	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.89%	5.68%	+5.21%
Volatility (6M) Calculated over the trailing 6-month period	22.52%	11.95%	+10.57%
Volatility (1Y) Calculated over the trailing 1-year period	32.25%	18.81%	+13.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.26%	17.08%	+16.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.45%	24.26%	+14.19%

Financials

NWG vs. EPD - Profitability Comparison

The chart below illustrates the profitability comparison between NatWest Group plc and Enterprise Products Partners L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NWG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NatWest Group plc reported a gross profit of 4.19B and revenue of 4.19B. Therefore, the gross margin over that period was 100.0%.

EPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Enterprise Products Partners L.P. reported a gross profit of 2.00B and revenue of 13.79B. Therefore, the gross margin over that period was 14.5%.

NWG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NatWest Group plc reported an operating income of 1.97B and revenue of 4.19B, resulting in an operating margin of 47.1%.

EPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Enterprise Products Partners L.P. reported an operating income of 1.94B and revenue of 13.79B, resulting in an operating margin of 14.1%.

NWG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NatWest Group plc reported a net income of 1.48B and revenue of 4.19B, resulting in a net margin of 35.3%.

EPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Enterprise Products Partners L.P. reported a net income of 1.64B and revenue of 13.79B, resulting in a net margin of 11.9%.