PLUG vs. ET
PLUG (Plug Power Inc.) and ET (Energy Transfer LP) are both stocks. PLUG operates in Electrical Equipment & Parts (Industrials), while ET operates in Oil & Gas Midstream (Energy). Over the past 10 years, PLUG returned 4.78%/yr vs 13.14%/yr for ET. At a 0.20 correlation, their price movements are largely independent.
Performance
PLUG vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, PLUG achieves a 40.10% return, which is significantly higher than ET's 19.85% return. Over the past 10 years, PLUG has underperformed ET with an annualized return of 4.78%, while ET has yielded a comparatively higher 13.14% annualized return.
PLUG
- 1D
- -2.47%
- 1M
- -26.98%
- YTD
- 40.10%
- 6M
- 18.97%
- 1Y
- 113.95%
- 3Y*
- -36.75%
- 5Y*
- -38.69%
- 10Y*
- 4.78%
ET
- 1D
- 1.65%
- 1M
- -5.36%
- YTD
- 19.85%
- 6M
- 19.34%
- 1Y
- 12.14%
- 3Y*
- 24.04%
- 5Y*
- 20.15%
- 10Y*
- 13.14%
PLUG vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLUG Plug Power Inc. | 40.10% | -7.51% | -52.67% | -63.62% | -56.18% | -16.75% | 973.10% | 154.84% | -47.46% | 96.67% |
ET Energy Transfer LP | 19.85% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between PLUG and ET is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.20 |
The correlation between PLUG and ET shifts across timeframes, from -0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PLUG:
$3.84B
ET:
$65.93B
PLUG:
-$1.39
ET:
$1.36
PLUG:
4.51
ET:
0.76
PLUG:
5.12
ET:
1.33
PLUG:
$739.76M
ET:
$89.38B
PLUG:
-$189.79M
ET:
$20.48B
PLUG:
-$745.89M
ET:
$13.02B
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Return for Risk
PLUG vs. ET — Risk / Return Rank
PLUG
ET
PLUG vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and Energy Transfer LP (ET). 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.
| PLUG | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.22 | +0.78 |
| Martin ratioReturn relative to average drawdown | 3.38 | 2.70 | +0.68 |
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Drawdowns
PLUG vs. ET - Drawdown Comparison
The maximum PLUG drawdown since its inception was -99.99%, which is greater than ET's maximum drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for PLUG and ET.
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Drawdown Indicators
| PLUG | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -87.81% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -56.66% | -9.38% | -47.28% |
Max Drawdown (3Y)Largest decline over 3 years | -94.69% | -24.56% | -70.13% |
Max Drawdown (5Y)Largest decline over 5 years | -98.43% | -25.82% | -72.61% |
Max Drawdown (10Y)Largest decline over 10 years | -99.04% | -72.82% | -26.22% |
Current DrawdownCurrent decline from peak | -99.82% | -6.47% | -93.35% |
Average DrawdownAverage peak-to-trough decline | -96.21% | -25.72% | -70.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 4.65% | +28.74% |
Volatility
PLUG vs. ET - Volatility Comparison
Plug Power Inc. (PLUG) has a higher volatility of 26.34% compared to Energy Transfer LP (ET) at 5.08%. This indicates that PLUG's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLUG | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.34% | 5.08% | +21.26% |
Volatility (6M)Calculated over the trailing 6-month period | 64.10% | 12.03% | +52.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.06% | 16.13% | +91.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.54% | 24.86% | +69.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.47% | 34.99% | +54.48% |
Dividends
PLUG vs. ET - Dividend Comparison
PLUG has not paid dividends to shareholders, while ET's dividend yield for the trailing twelve months is around 7.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.00% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
PLUG Plug Power 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% |
Financials
PLUG vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Plug Power Inc. and Energy Transfer LP. 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
Frequently Asked Questions
PLUG and ET have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLUG has higher volatility (26.34%) compared to ET (5.08%). In terms of maximum drawdown, PLUG dropped -99.99% vs ET's -87.81%.
PLUG currently has the higher Sharpe Ratio (1.05 vs 0.71), 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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