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 14.86%/yr vs 2.26%/yr for EQT. At a 0.36 correlation, their price movements are largely independent.
Performance
VNOM vs. EQT - Performance Comparison
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Returns By Period
In the year-to-date period, VNOM achieves a 11.65% return, which is significantly higher than EQT's -8.35% return. Over the past 10 years, VNOM has outperformed EQT with an annualized return of 14.86%, while EQT has yielded a comparatively lower 2.26% annualized return.
VNOM
- 1D
- 0.86%
- 1M
- -5.30%
- 6M
- 18.04%
- YTD
- 11.65%
- 1Y
- 15.15%
- 3Y*
- 24.56%
- 5Y*
- 25.81%
- 10Y*
- 14.86%
EQT
- 1D
- -2.59%
- 1M
- -5.95%
- 6M
- -3.84%
- YTD
- -8.35%
- 1Y
- -10.68%
- 3Y*
- 7.92%
- 5Y*
- 19.22%
- 10Y*
- 2.26%
VNOM vs. EQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 11.65% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
EQT EQT Corporation | -8.35% | 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 0.28, 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 | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.36 |
The correlation between VNOM and EQT shifts across timeframes, from 0.28 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VNOM:
$15.13B
EQT:
$30.55B
VNOM:
-$0.28
EQT:
$5.35
VNOM:
4.37
EQT:
3.05
VNOM:
1.49
EQT:
1.22
VNOM:
$1.60B
EQT:
$10.03B
VNOM:
$740.00M
EQT:
$6.43B
VNOM:
$1.04B
EQT:
$7.48B
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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 | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.98 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | -0.34 | +1.35 |
| Martin ratioReturn relative to average drawdown | 2.92 | -0.75 | +3.66 |
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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% | -87.69% | +0.73% |
Current DrawdownCurrent decline from peak | -19.18% | -27.89% | +8.71% |
Average DrawdownAverage peak-to-trough decline | -31.56% | -23.34% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 12.53% | -5.78% |
Volatility
VNOM vs. EQT - Volatility Comparison
Viper Energy Partners LP (VNOM) has a higher volatility of 7.59% compared to EQT Corporation (EQT) at 7.05%. This indicates that VNOM's price experiences larger fluctuations and is considered to be riskier 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 | 7.59% | 7.05% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 21.18% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.61% | 32.05% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.69% | 42.44% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.16% | 48.89% | -3.73% |
Dividends
VNOM vs. EQT - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 5.50%, more than EQT's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | 1.34% | 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 | 5.50% | 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 Jul 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 Jul 2026, EQT Corporation reported a gross profit of 3.32B and revenue of 3.38B. Therefore, the gross margin over that period was 98.4%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 Jul 2026, EQT Corporation reported an operating income of 2.04B and revenue of 3.38B, resulting in an operating margin of 60.3%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 Jul 2026, EQT Corporation reported a net income of 1.55B and revenue of 3.38B, resulting in a net margin of 46.0%.
Frequently Asked Questions
VNOM and EQT 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.
VNOM has higher volatility (7.59%) compared to EQT (7.05%). In terms of maximum drawdown, VNOM dropped -86.96% vs EQT's -91.51%.
VNOM currently has the higher Sharpe Ratio (0.69 vs -0.29), 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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