PSX vs. EPD

Last updated Jun 3, 2026

PSX (Phillips 66) and EPD (Enterprise Products Partners L.P.) are both stocks. Both are in the Energy sector — PSX in Oil & Gas Refining & Marketing, EPD in Oil & Gas Midstream. Over the past 10 years, PSX returned 12.75%/yr vs 10.46%/yr for EPD. At a 0.46 correlation, their price movements are largely independent.

Performance

PSX vs. EPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Phillips 66 (PSX) and Enterprise Products Partners L.P. (EPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSX achieves a 43.67% return, which is significantly higher than EPD's 21.27% return. Over the past 10 years, PSX has outperformed EPD with an annualized return of 12.75%, while EPD has yielded a comparatively lower 10.46% annualized return.

PSX

• 1D: 1.29%
• 1M: 4.37%
• YTD: 43.67%
• 6M: 34.77%
• 1Y: 65.22%
• 3Y*: 27.76%
• 5Y*: 19.84%
• 10Y*: 12.75%

EPD

• 1D: 1.34%
• 1M: -0.84%
• YTD: 21.27%
• 6M: 21.54%
• 1Y: 29.66%
• 3Y*: 21.47%
• 5Y*: 17.41%
• 10Y*: 10.46%

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

PSX vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSX Phillips 66	43.67%	17.51%	-11.63%	33.07%	49.58%	8.51%	-33.85%	33.97%	-12.28%	20.94%
EPD Enterprise Products Partners L.P.	21.27%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%

Correlation

The correlation between PSX and EPD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 2, 2012	0.46

Fundamentals

Market Cap PSX : $73.62B EPD : $82.47B
EPS PSX : $10.17 EPD : $2.69
PE Ratio PSX : 17.95 EPD : 14.00
PEG Ratio PSX : 0.10 EPD : 2.25
PS Ratio PSX : 0.55 EPD : 1.60
Total Revenue (TTM) PSX : $134.70B EPD : $51.57B
Gross Profit (TTM) PSX : $5.94B EPD : $7.31B
EBITDA (TTM) PSX : $9.17B EPD : $10.11B

Return for Risk

PSX vs. EPD — Risk / Return Rank

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

PSX

PSX Risk / Return Rank: 87
PSX Sharpe Ratio Rank: 89
PSX Sortino Ratio Rank: 86
PSX Omega Ratio Rank: 85
PSX Calmar Ratio Rank: 86
PSX Martin Ratio Rank: 88

EPD

EPD Risk / Return Rank: 86
EPD Sharpe Ratio Rank: 86
EPD Sortino Ratio Rank: 84
EPD Omega Ratio Rank: 82
EPD Calmar Ratio Rank: 87
EPD Martin Ratio Rank: 90

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.

PSX vs. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Phillips 66 (PSX) 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.

	PSX	EPD	Difference
Sharpe ratio Return per unit of total volatility	2.21	1.87	+0.35
Sortino ratio Return per unit of downside risk	2.87	2.64	+0.23
Omega ratio Gain probability vs. loss probability	1.36	1.33	+0.03
Calmar ratio Return relative to maximum drawdown	3.84	4.05	-0.21
Martin ratio Return relative to average drawdown	11.14	12.67	-1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSX vs. EPD - Sharpe Ratio Comparison

The current PSX Sharpe Ratio is 2.21, which is comparable to the EPD Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of PSX and EPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSX	EPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	1.87	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.02	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.43	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.54	-0.03

Drawdowns

PSX vs. EPD - Drawdown Comparison

The maximum PSX drawdown since its inception was -64.21%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for PSX and EPD.

Drawdown Indicators

	PSX	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-58.78%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	-17.28%	-7.56%	-9.72%
Max Drawdown (3Y) Largest decline over 3 years	-44.37%	-15.40%	-28.97%
Max Drawdown (5Y) Largest decline over 5 years	-44.37%	-18.06%	-26.31%
Max Drawdown (10Y) Largest decline over 10 years	-64.21%	-58.04%	-6.17%
Current Drawdown Current decline from peak	-2.33%	-5.25%	+2.92%
Average Drawdown Average peak-to-trough decline	-14.75%	-10.13%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	2.42%	+3.54%

Volatility

PSX vs. EPD - Volatility Comparison

Phillips 66 (PSX) has a higher volatility of 9.68% compared to Enterprise Products Partners L.P. (EPD) at 6.74%. This indicates that PSX'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

	PSX	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.68%	6.74%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	23.73%	13.29%	+10.44%
Volatility (1Y) Calculated over the trailing 1-year period	29.65%	15.98%	+13.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.22%	17.23%	+15.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.32%	24.16%	+11.16%

Dividends

PSX vs. EPD - Dividend Comparison

PSX's dividend yield for the trailing twelve months is around 2.71%, less than EPD's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PSX Phillips 66	2.71%	3.68%	3.95%	3.15%	3.68%	5.00%	5.15%	3.14%	3.60%	2.70%	2.84%	2.67%

Financials

PSX vs. EPD - Profitability Comparison

The chart below illustrates the profitability comparison between Phillips 66 and Enterprise Products Partners L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PSX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Phillips 66 reported a gross profit of 0.00 and revenue of 33.00B. Therefore, the gross margin over that period was 0.0%.

EPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.

PSX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Phillips 66 reported an operating income of 0.00 and revenue of 33.00B, resulting in an operating margin of 0.0%.

EPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.

PSX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Phillips 66 reported a net income of 207.00M and revenue of 33.00B, resulting in a net margin of 0.6%.

EPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.

Frequently Asked Questions

Can I hold both PSX and EPD in my portfolio?

PSX and EPD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSX or EPD?

PSX has higher volatility (9.68%) compared to EPD (6.74%). In terms of maximum drawdown, PSX dropped -64.21% vs EPD's -58.78%.

Which has better risk-adjusted returns?

PSX currently has the higher Sharpe Ratio (2.21 vs 1.87), 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.