TDW vs. ET
TDW (Tidewater Inc.) and ET (Energy Transfer LP) are both stocks. Both are in the Energy sector — TDW in Oil & Gas Equipment & Services, ET in Oil & Gas Midstream. Over the past 10 years, TDW returned -6.89%/yr vs 12.65%/yr for ET. At a 0.36 correlation, their price movements are largely independent.
Performance
TDW vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, TDW achieves a 48.31% return, which is significantly higher than ET's 22.80% return. Over the past 10 years, TDW has underperformed ET with an annualized return of -6.89%, while ET has yielded a comparatively higher 12.65% annualized return.
TDW
- 1D
- 0.47%
- 1M
- -14.73%
- YTD
- 48.31%
- 6M
- 37.10%
- 1Y
- 86.07%
- 3Y*
- 14.47%
- 5Y*
- 38.01%
- 10Y*
- -6.89%
ET
- 1D
- 1.40%
- 1M
- -0.32%
- YTD
- 22.80%
- 6M
- 22.06%
- 1Y
- 20.43%
- 3Y*
- 24.37%
- 5Y*
- 22.55%
- 10Y*
- 12.65%
TDW vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDW Tidewater Inc. | 48.31% | -7.68% | -24.13% | 95.69% | 244.07% | 23.96% | -55.14% | 0.78% | -21.60% | -77.81% |
ET Energy Transfer LP | 22.80% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between TDW and ET is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.36 |
The correlation between TDW and ET shifts across timeframes, from 0.28 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TDW:
$3.71B
ET:
$67.56B
TDW:
$6.00
ET:
$1.36
TDW:
12.48
ET:
14.36
TDW:
2.76
ET:
0.78
TDW:
2.71
ET:
1.36
TDW:
$1.35B
ET:
$89.38B
TDW:
$314.74M
ET:
$20.48B
TDW:
$489.31M
ET:
$13.02B
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Return for Risk
TDW vs. ET — Risk / Return Rank
TDW
ET
TDW vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tidewater Inc. (TDW) 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.
| TDW | ET | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.25 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.49 | 1.91 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.04 | +1.48 |
Martin ratioReturn relative to average drawdown | 7.91 | 4.50 | +3.41 |
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
| TDW | ET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.25 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.91 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.36 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.36 | -0.37 |
Drawdowns
TDW vs. ET - Drawdown Comparison
The maximum TDW drawdown since its inception was -99.80%, which is greater than ET's maximum drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for TDW and ET.
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Drawdown Indicators
| TDW | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -87.81% | -11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -25.16% | -10.02% | -15.14% |
Max Drawdown (3Y)Largest decline over 3 years | -70.35% | -24.56% | -45.79% |
Max Drawdown (5Y)Largest decline over 5 years | -70.35% | -25.82% | -44.53% |
Max Drawdown (10Y)Largest decline over 10 years | -97.72% | -72.82% | -24.90% |
Current DrawdownCurrent decline from peak | -96.37% | -4.17% | -92.20% |
Average DrawdownAverage peak-to-trough decline | -48.96% | -25.75% | -23.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.21% | 4.54% | +6.67% |
Volatility
TDW vs. ET - Volatility Comparison
Tidewater Inc. (TDW) has a higher volatility of 11.15% compared to Energy Transfer LP (ET) at 6.02%. This indicates that TDW'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
| TDW | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 6.02% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 32.14% | 11.90% | +20.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.70% | 16.42% | +38.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.45% | 24.90% | +28.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.79% | 35.05% | +31.74% |
Dividends
TDW vs. ET - Dividend Comparison
TDW has not paid dividends to shareholders, while ET's dividend yield for the trailing twelve months is around 6.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 6.83% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
TDW Tidewater Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.04% | 0.00% | 14.37% |
Financials
TDW vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Tidewater 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
TDW vs. ET - Profitability Comparison
TDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tidewater Inc. reported a gross profit of 0.00 and revenue of 326.22M. Therefore, the gross margin over that period was 0.0%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
TDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tidewater Inc. reported an operating income of 58.98M and revenue of 326.22M, resulting in an operating margin of 18.1%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
TDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tidewater Inc. reported a net income of 6.14M and revenue of 326.22M, resulting in a net margin of 1.9%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
TDW and ET have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDW has higher volatility (11.15%) compared to ET (6.02%). In terms of maximum drawdown, TDW dropped -99.80% vs ET's -87.81%.
TDW currently has the higher Sharpe Ratio (1.58 vs 1.25), 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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