VNOM vs. EQT
VNOM (Viper Energy Partners LP) and EQT (EQT Corporation) are both stocks. Both are in the Energy sector — VNOM in Oil & Gas Midstream, EQT in Oil & Gas E&P. Over the past 10 years, VNOM returned 17.97%/yr vs 4.27%/yr for EQT. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
VNOM vs. EQT - Performance Comparison
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Returns By Period
In the year-to-date period, VNOM achieves a 18.51% return, which is significantly higher than EQT's -0.02% return. Over the past 10 years, VNOM has outperformed EQT with an annualized return of 17.97%, while EQT has yielded a comparatively lower 4.27% annualized return.
VNOM
- 1D
- 2.65%
- 1M
- 9.47%
- 6M
- 8.12%
- YTD
- 18.51%
- 1Y
- 28.80%
- 3Y*
- 22.65%
- 5Y*
- 27.71%
- 10Y*
- 17.97%
- ALL TIME*
- 9.01%
EQT
- 1D
- 1.10%
- 1M
- 1.29%
- 6M
- -7.17%
- YTD
- -0.02%
- 1Y
- 3.01%
- 3Y*
- 10.10%
- 5Y*
- 25.41%
- 10Y*
- 4.27%
- ALL TIME*
- 10.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $436.52M | $391.65M | $390.40M | |
| $59.51M | $65.89M | $77.95M |
VNOM vs. EQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 18.51% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
EQT EQT Corporation | -0.02% | 17.64% | 21.41% | 16.20% | 57.64% | 71.60% | 17.27% | -41.82% | -38.82% | -12.80% |
Correlation
The correlation between VNOM and EQT is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.36 |
Fundamentals
VNOM:
$16.06B
EQT:
$33.33B
VNOM:
-$0.28
EQT:
$4.55
VNOM:
4.64
EQT:
3.59
VNOM:
1.58
EQT:
1.32
VNOM:
$1.60B
EQT:
$9.29B
VNOM:
$740.00M
EQT:
$6.78B
VNOM:
$1.04B
EQT:
$6.93B
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Return for Risk
VNOM vs. EQT — Risk / Return Rank
VNOM
EQT
VNOM vs. EQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) and EQT Corporation (EQT). 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.
| VNOM | EQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.01 | +1.29 |
| Martin ratioReturn relative to average drawdown | 3.42 | 0.02 | +3.39 |
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Drawdowns
VNOM vs. EQT - Drawdown Comparison
The maximum VNOM drawdown since its inception was -86.96%, roughly equal to the maximum EQT drawdown of -91.51%. Use the drawdown chart below to compare losses from any high point for VNOM and EQT.
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Drawdown Indicators
| VNOM | EQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.96% | -91.51% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -27.89% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -31.62% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -42.56% | +8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -86.96% | -87.56% | +0.60% |
Current DrawdownCurrent decline from peak | -14.22% | -21.33% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -23.34% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.38% | 12.69% | -5.31% |
Volatility
VNOM vs. EQT - Volatility Comparison
The current volatility for Viper Energy Partners LP (VNOM) is 9.38%, while EQT Corporation (EQT) has a volatility of 10.22%. This indicates that VNOM experiences smaller price fluctuations and is considered to be less risky than EQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNOM | EQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 10.22% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.98% | 20.66% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.54% | 30.59% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.63% | 42.13% | -6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.06% | 48.96% | -3.90% |
Dividends
VNOM vs. EQT - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 5.18%, more than EQT's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | 1.22% | 1.19% | 1.37% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% |
VNOM Viper Energy Partners LP | 5.18% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
VNOM vs. EQT - Financials Comparison
This section allows you to compare key financial metrics between Viper Energy Partners LP and EQT Corporation. 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
VNOM vs. EQT - Profitability Comparison
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
EQT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, EQT Corporation reported a gross profit of 1.75B and revenue of 1.81B. Therefore, the gross margin over that period was 96.7%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
EQT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, EQT Corporation reported an operating income of 394.04M and revenue of 1.81B, resulting in an operating margin of 21.8%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
EQT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, EQT Corporation reported a net income of 281.45M and revenue of 1.81B, resulting in a net margin of 15.6%.
Frequently Asked Questions
VNOM and EQT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQT has higher volatility (10.22%) compared to VNOM (9.38%). In terms of maximum drawdown, VNOM dropped -86.96% vs EQT's -91.51%.
VNOM currently has the higher Sharpe Ratio (0.89 vs 0.01), 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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