UGP vs. EPD
UGP (Ultrapar Participações S.A.) and EPD (Enterprise Products Partners L.P.) are both stocks. Both are in the Energy sector — UGP in Oil & Gas Refining & Marketing, EPD in Oil & Gas Midstream. Over the past 10 years, UGP returned -3.75%/yr vs 10.55%/yr for EPD. At a 0.21 correlation, their price movements are largely independent.
Performance
UGP vs. EPD - Performance Comparison
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Returns By Period
In the year-to-date period, UGP achieves a 29.97% return, which is significantly higher than EPD's 22.17% return. Over the past 10 years, UGP has underperformed EPD with an annualized return of -3.75%, while EPD has yielded a comparatively higher 10.55% annualized return.
UGP
- 1D
- -4.11%
- 1M
- -18.06%
- YTD
- 29.97%
- 6M
- 21.54%
- 1Y
- 77.21%
- 3Y*
- 15.84%
- 5Y*
- 7.05%
- 10Y*
- -3.75%
EPD
- 1D
- 0.74%
- 1M
- -1.76%
- YTD
- 22.17%
- 6M
- 21.90%
- 1Y
- 28.84%
- 3Y*
- 21.77%
- 5Y*
- 17.36%
- 10Y*
- 10.55%
UGP vs. EPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGP Ultrapar Participações S.A. | 29.97% | 57.18% | -50.30% | 128.76% | -4.60% | -39.49% | -26.69% | -5.15% | -38.91% | 12.39% |
EPD Enterprise Products Partners L.P. | 22.17% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
Correlation
The correlation between UGP and EPD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 1999 | 0.21 |
Fundamentals
UGP:
$5.36B
EPD:
$83.08B
UGP:
$2.70
EPD:
$2.69
UGP:
1.82
EPD:
14.11
UGP:
0.05
EPD:
2.27
UGP:
0.04
EPD:
1.61
UGP:
$144.45B
EPD:
$51.57B
UGP:
$10.28B
EPD:
$7.31B
UGP:
$8.79B
EPD:
$10.11B
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Return for Risk
UGP vs. EPD — Risk / Return Rank
UGP
EPD
UGP vs. EPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ultrapar Participações S.A. (UGP) 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.
| UGP | EPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.83 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.87 | 11.90 | +0.97 |
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
| UGP | EPD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 1.82 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 1.01 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.44 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.54 | -0.30 |
Drawdowns
UGP vs. EPD - Drawdown Comparison
The maximum UGP drawdown since its inception was -83.31%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for UGP and EPD.
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Drawdown Indicators
| UGP | EPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.31% | -58.78% | -24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -7.56% | -12.24% |
Max Drawdown (3Y)Largest decline over 3 years | -58.58% | -15.40% | -43.18% |
Max Drawdown (5Y)Largest decline over 5 years | -58.58% | -18.06% | -40.52% |
Max Drawdown (10Y)Largest decline over 10 years | -83.31% | -58.04% | -25.27% |
Current DrawdownCurrent decline from peak | -50.06% | -4.55% | -45.51% |
Average DrawdownAverage peak-to-trough decline | -29.70% | -10.13% | -19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.02% | 2.43% | +3.59% |
Volatility
UGP vs. EPD - Volatility Comparison
Ultrapar Participações S.A. (UGP) has a higher volatility of 10.41% compared to Enterprise Products Partners L.P. (EPD) at 6.55%. This indicates that UGP'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.
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Volatility by Period
| UGP | EPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 6.55% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 25.75% | 13.28% | +12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.52% | 15.98% | +20.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.49% | 17.23% | +25.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.00% | 24.16% | +23.84% |
Dividends
UGP vs. EPD - Dividend Comparison
UGP's dividend yield for the trailing twelve months is around 4.96%, less than EPD's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.76% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
UGP Ultrapar Participações S.A. | 4.96% | 8.50% | 4.76% | 1.30% | 4.70% | 4.51% | 1.20% | 2.28% | 3.15% | 2.39% | 2.23% | 2.93% |
Financials
UGP vs. EPD - Financials Comparison
This section allows you to compare key financial metrics between Ultrapar Participações S.A. and Enterprise Products Partners L.P.. 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
UGP vs. EPD - Profitability Comparison
UGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ultrapar Participações S.A. reported a gross profit of 3.06B and revenue of 35.41B. Therefore, the gross margin over that period was 8.6%.
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%.
UGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ultrapar Participações S.A. reported an operating income of 1.79B and revenue of 35.41B, resulting in an operating margin of 5.1%.
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%.
UGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ultrapar Participações S.A. reported a net income of 843.54M and revenue of 35.41B, resulting in a net margin of 2.4%.
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
UGP and EPD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGP has higher volatility (10.41%) compared to EPD (6.55%). In terms of maximum drawdown, UGP dropped -83.31% vs EPD's -58.78%.
UGP currently has the higher Sharpe Ratio (2.14 vs 1.82), 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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