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Relative Intelligence · Exploration & Production

How EOG Resources (EOG) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on EOG alone. It places EOG (EOG Resources, Inc.) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where EOG stands in the market, and of the alternatives worth a closer look.

Period covered: EOG's full trading record, from October 1989 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against EOG →Chart EOG vs. 19 alternatives →
On this page12 sections

Key findings

How much would $10,000 in EOG have grown?

This chart tracks a hypothetical $10,000 investment in EOG over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of EOG over the same span and EOG's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 152 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of EOG; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$100$1,000$10,000$100,000$1M199720022007201220172022$100$1,000$10,000$100,000$1M19972004201120182025
  • VLO$1M+10,099% total · +17.3% a year
  • AMGN$526,909+5,169% total · +14.6% a year
  • WMB$472,016+4,620% total · +14.2% a year
  • RY$442,765+4,328% total · +14.0% a year
  • LLY$396,376+3,864% total · +13.5% a year
  • EOG$380,118+3,701% total · +13.4% a year
  • COP$156,444+1,464% total · +9.9% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • XOM$124,235+1,142% total · +9.1% a year
  • REPX$382−96.2% total · −10.6% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 671 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of EOG; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000202120222023202420252026$0$20,000$40,000$60,000$80,000202120222023202420252026
  • VLO$64,131+541% total · +45.0% a year
  • PR$36,604+266% total · +29.6% a year
  • XOM$32,965+230% total · +26.9% a year
  • WMB$32,631+226% total · +26.7% a year
  • FANG$23,999+140% total · +19.1% a year
  • COP$22,182+122% total · +17.3% a year
  • REPX$21,791+118% total · +16.9% a year
  • EOG$21,734+117% total · +16.8% a year
  • OVV$19,897+99.0% total · +14.8% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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EOG at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$83B
Industry
Oil & Gas Exploration & Production
Price history from
October 1989

Returns

Past 1 year
+53.1%total return
Past 3 years
+31.9%+9.7% a year
Past 5 years
+115%+16.6% a year
Past 10 years
+131%+8.7% a year
Best calendar year
+212%2000
Worst calendar year
−38.6%2020
Losing years
12 of 29full calendar years

Risk

Volatility
32.3%typical yearly swing, 5 years
Sharpe ratio
0.64return per unit of risk, 5 years
Worst decline ever
−77.1%Oct 2018 to Mar 2020
From its all-time high
At its highwithin 1%

EOG against the whole market

Where EOG ranks among every stock and fund, and what across the market has done better.

How does EOG rank among all stocks?

This section ranks EOG on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how EOG stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureEOGRankStanding
1-year return+53.1%508 of 3,287top 15%
3-year return+31.9%1,824 of 3,017bottom 41%
5-year return+115%604 of 2,893top 21%
10-year return+131%1,176 of 2,202bottom 48%
Volatility, 5 years32.3%937 of 2,893top 32%
Sharpe ratio, 5 years0.64591 of 2,893top 20%
Worst decline, past 10 years−77.1%1,534 of 2,187bottom 31%

What has beaten EOG on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). EOG sits where the dashed lines cross. Anything in the green box above and to the left earned more than EOG with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to EOG; faint dots are 89 more of the 140 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than EOGNHC: +32.0% a year, volatility 28.5%BWFG: +20.1% a year, volatility 28.5%WMT: +20.8% a year, volatility 22.6%DXJ: +26.6% a year, volatility 19.1%PM: +21.0% a year, volatility 23.4%EWT: +20.4% a year, volatility 24.2%RTX: +18.6% a year, volatility 24.3%GILD: +22.8% a year, volatility 24.9%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%FLTW: +21.8% a year, volatility 24.3%PH: +27.4% a year, volatility 28.8%PGR: +21.3% a year, volatility 25.6%MO: +17.8% a year, volatility 21.4%TRV: +22.4% a year, volatility 22.3%MAR: +22.0% a year, volatility 28.6%COR: +24.2% a year, volatility 22.8%GWW: +26.3% a year, volatility 24.9%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%PCAR: +17.9% a year, volatility 26.1%CBOE: +21.5% a year, volatility 25.1%ACGL: +20.1% a year, volatility 24.5%IRM: +24.6% a year, volatility 30.3%CASY: +29.9% a year, volatility 29.3%AAPL: +18.5% a year, volatility 28.0%WRB: +18.9% a year, volatility 22.9%CW: +30.8% a year, volatility 28.7%CRAK: +19.8% a year, volatility 20.9%RS: +24.8% a year, volatility 28.1%BCH: +25.2% a year, volatility 28.2%HUBB: +21.0% a year, volatility 30.0%SNX: +20.3% a year, volatility 30.4%AIT: +28.5% a year, volatility 30.3%RNR: +20.1% a year, volatility 27.8%ALSN: +27.3% a year, volatility 29.9%EHC: +18.4% a year, volatility 26.8%ENSG: +19.8% a year, volatility 26.8%AIRR: +18.3% a year, volatility 25.9%HSBC: +33.1% a year, volatility 25.9%BLX: +31.4% a year, volatility 25.9%MUFG: +33.2% a year, volatility 29.4%EWP: +19.2% a year, volatility 20.3%MCK: +38.7% a year, volatility 25.0%WELL: +26.0% a year, volatility 23.8%GS: +19.6% a year, volatility 28.6%BFC: +19.0% a year, volatility 27.3%MFG: +33.6% a year, volatility 30.6%VGT: +18.4% a year, volatility 26.0%UBS: +25.4% a year, volatility 30.4%SMFG: +33.7% a year, volatility 29.4%DBJP: +20.9% a year, volatility 19.2%BTI: +18.7% a year, volatility 22.0%VRTX: +22.6% a year, volatility 29.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%TT: +22.7% a year, volatility 27.7%MFC: +22.6% a year, volatility 24.0%FBIZ: +23.1% a year, volatility 29.4%HLT: +21.0% a year, volatility 26.8%CMI: +19.9% a year, volatility 29.0%WAB: +25.6% a year, volatility 26.2%BAP: +30.8% a year, volatility 30.3%IX: +17.9% a year, volatility 25.4%SDCI: +20.6% a year, volatility 18.4%PAA: +27.0% a year, volatility 25.6%KOF: +22.3% a year, volatility 24.7%IHG: +21.4% a year, volatility 26.6%SPMO: +18.7% a year, volatility 20.8%SHEL: +21.0% a year, volatility 24.8%CLH: +23.1% a year, volatility 28.6%PAGP: +26.8% a year, volatility 26.1%RGA: +19.7% a year, volatility 27.3%BSAC: +19.5% a year, volatility 29.0%PSO: +18.5% a year, volatility 27.9%KMI: +18.7% a year, volatility 22.5%MSGS: +18.4% a year, volatility 25.6%FCFS: +20.6% a year, volatility 30.5%LNG: +23.4% a year, volatility 30.2%ACT: +20.5% a year, volatility 24.3%QTUM: +22.8% a year, volatility 28.1%FTXN: +17.9% a year, volatility 29.0%DTM: +24.5% a year, volatility 25.2%PSMT: +18.6% a year, volatility 28.2%CNO: +18.8% a year, volatility 28.1%MLPX: +18.6% a year, volatility 19.7%EUFN: +18.5% a year, volatility 21.8%OFG: +19.5% a year, volatility 28.7%EOG: +16.6% a year, volatility 32.3%SPY (S&P 500): +12.7% a year, volatility 17.1%XOM: +27.1% a year, volatility 26.5%WMB: +24.6% a year, volatility 24.0%VLO: +44.2% a year, volatility 36.9%COP: +18.2% a year, volatility 32.6%PR: +33.1% a year, volatility 47.1%CVX: +19.5% a year, volatility 25.2%PSX: +33.2% a year, volatility 32.9%E: +23.0% a year, volatility 25.6%TTE: +18.0% a year, volatility 25.8%MPC: +51.2% a year, volatility 33.4%EPD: +16.4% a year, volatility 17.1%CAH: +42.1% a year, volatility 24.7%ABBV: +26.1% a year, volatility 23.4%AMGN: +19.6% a year, volatility 24.9%XLE: +22.6% a year, volatility 25.5%LLY: +40.7% a year, volatility 32.8%NEU: +21.0% a year, volatility 26.8%IXC: +20.7% a year, volatility 23.2%RY: +17.3% a year, volatility 18.2%EOGSPY (S&P 500)XOMWMBVLOCOPPRCVXPSXETTEMPCEPDCAHABBVXLELLYNEUIXC10.0%20.0%30.0%40.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than EOGNHC: +32.0% a year, volatility 28.5%BWFG: +20.1% a year, volatility 28.5%WMT: +20.8% a year, volatility 22.6%DXJ: +26.6% a year, volatility 19.1%PM: +21.0% a year, volatility 23.4%EWT: +20.4% a year, volatility 24.2%RTX: +18.6% a year, volatility 24.3%GILD: +22.8% a year, volatility 24.9%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%FLTW: +21.8% a year, volatility 24.3%PH: +27.4% a year, volatility 28.8%PGR: +21.3% a year, volatility 25.6%MO: +17.8% a year, volatility 21.4%TRV: +22.4% a year, volatility 22.3%MAR: +22.0% a year, volatility 28.6%COR: +24.2% a year, volatility 22.8%GWW: +26.3% a year, volatility 24.9%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%PCAR: +17.9% a year, volatility 26.1%CBOE: +21.5% a year, volatility 25.1%ACGL: +20.1% a year, volatility 24.5%IRM: +24.6% a year, volatility 30.3%CASY: +29.9% a year, volatility 29.3%AAPL: +18.5% a year, volatility 28.0%WRB: +18.9% a year, volatility 22.9%CW: +30.8% a year, volatility 28.7%CRAK: +19.8% a year, volatility 20.9%RS: +24.8% a year, volatility 28.1%BCH: +25.2% a year, volatility 28.2%HUBB: +21.0% a year, volatility 30.0%SNX: +20.3% a year, volatility 30.4%AIT: +28.5% a year, volatility 30.3%RNR: +20.1% a year, volatility 27.8%ALSN: +27.3% a year, volatility 29.9%EHC: +18.4% a year, volatility 26.8%ENSG: +19.8% a year, volatility 26.8%AIRR: +18.3% a year, volatility 25.9%HSBC: +33.1% a year, volatility 25.9%BLX: +31.4% a year, volatility 25.9%MUFG: +33.2% a year, volatility 29.4%EWP: +19.2% a year, volatility 20.3%MCK: +38.7% a year, volatility 25.0%WELL: +26.0% a year, volatility 23.8%GS: +19.6% a year, volatility 28.6%BFC: +19.0% a year, volatility 27.3%MFG: +33.6% a year, volatility 30.6%VGT: +18.4% a year, volatility 26.0%UBS: +25.4% a year, volatility 30.4%SMFG: +33.7% a year, volatility 29.4%DBJP: +20.9% a year, volatility 19.2%BTI: +18.7% a year, volatility 22.0%VRTX: +22.6% a year, volatility 29.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%TT: +22.7% a year, volatility 27.7%MFC: +22.6% a year, volatility 24.0%FBIZ: +23.1% a year, volatility 29.4%HLT: +21.0% a year, volatility 26.8%CMI: +19.9% a year, volatility 29.0%WAB: +25.6% a year, volatility 26.2%BAP: +30.8% a year, volatility 30.3%IX: +17.9% a year, volatility 25.4%SDCI: +20.6% a year, volatility 18.4%PAA: +27.0% a year, volatility 25.6%KOF: +22.3% a year, volatility 24.7%IHG: +21.4% a year, volatility 26.6%SPMO: +18.7% a year, volatility 20.8%SHEL: +21.0% a year, volatility 24.8%CLH: +23.1% a year, volatility 28.6%PAGP: +26.8% a year, volatility 26.1%RGA: +19.7% a year, volatility 27.3%BSAC: +19.5% a year, volatility 29.0%PSO: +18.5% a year, volatility 27.9%KMI: +18.7% a year, volatility 22.5%MSGS: +18.4% a year, volatility 25.6%FCFS: +20.6% a year, volatility 30.5%LNG: +23.4% a year, volatility 30.2%ACT: +20.5% a year, volatility 24.3%QTUM: +22.8% a year, volatility 28.1%FTXN: +17.9% a year, volatility 29.0%DTM: +24.5% a year, volatility 25.2%PSMT: +18.6% a year, volatility 28.2%CNO: +18.8% a year, volatility 28.1%MLPX: +18.6% a year, volatility 19.7%EUFN: +18.5% a year, volatility 21.8%OFG: +19.5% a year, volatility 28.7%EOG: +16.6% a year, volatility 32.3%SPY (S&P 500): +12.7% a year, volatility 17.1%XOM: +27.1% a year, volatility 26.5%WMB: +24.6% a year, volatility 24.0%VLO: +44.2% a year, volatility 36.9%COP: +18.2% a year, volatility 32.6%PR: +33.1% a year, volatility 47.1%CVX: +19.5% a year, volatility 25.2%PSX: +33.2% a year, volatility 32.9%E: +23.0% a year, volatility 25.6%TTE: +18.0% a year, volatility 25.8%MPC: +51.2% a year, volatility 33.4%EPD: +16.4% a year, volatility 17.1%CAH: +42.1% a year, volatility 24.7%ABBV: +26.1% a year, volatility 23.4%AMGN: +19.6% a year, volatility 24.9%XLE: +22.6% a year, volatility 25.5%LLY: +40.7% a year, volatility 32.8%NEU: +21.0% a year, volatility 26.8%IXC: +20.7% a year, volatility 23.2%RY: +17.3% a year, volatility 18.2%EOGSPY (S&P 500)XOMWMBVLOCOPPRCVXPSXEMPCEPDCAHABBVLLYNEURY
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region
  • 1 with more than 1.6× EOG's volatility is in the table only

Is there a better investment than EOG?

Investments that beat EOG over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat EOG over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks EOG's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than EOG follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than EOG's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× EOG's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than EOG's.

Screen the whole market against EOG for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with EOG?lower diversifies moreExpenseper year
EOGEOG Resources, Inc. · this page
+16.6%32.3%0.64−77.1%+131%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.190.09%
Popular alternativesbest 6 shownThe investments people most often weigh against EOG. 6 of 18 passed at least one test.
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+27.1%26.5%1.04−61.0%+214%0.79—
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Higher return, lower volatilityHigher Sharpe, smaller worst decline+24.6%24.0%1.04−68.1%+288%0.57—
VLOValero Energy Corporation · Oil & Gas
Higher Sharpe, smaller worst declineHigher return in most periods+44.2%36.9%1.18−71.9%+1,061%0.63—
COPConocoPhillips · Exploration & Production
Higher return in most periods+18.2%32.6%0.68−70.7%+379%0.90—
PRPermian Resources Corporation · Exploration & Production
Higher return in most periods+33.1%47.1%0.85−98.9%+99.2%0.74—
REPXRiley Exploration Permian, Inc. · Oil & Gas Exploration & Production
Higher return in most periods+18.4%57.5%0.58−72.4%+403%0.68—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Exploration & Production and Oil & Gas and the categories next to it (Oilfield Services, Oil & Gas Midstream, Integrated Oil & Gas), plus EOG's specific themes. 35 of 69 passed at least one test.
CVXChevron Corporation · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+19.5%25.2%0.84−55.8%+238%0.76—
PSXPhillips 66 · Oil & Gas
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+33.2%32.9%1.04−64.2%+430%0.71—
EEni S.p.A. · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+23.0%25.6%0.94−61.4%+278%0.77—
TTETotalEnergies SE · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+18.0%25.8%0.78−59.6%+234%0.71—
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, similar volatilityHigher return in most periods+51.2%33.4%1.41−79.7%+1,387%0.64—
EPDEnterprise Products Partners L.P. · Oil & Gas Midstream
Similar return, lower volatilityHigher Sharpe, smaller worst decline+16.4%17.1%0.98−58.1%+178%0.67—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 899 of 3,546 passed at least one test.
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+42.1%24.7%1.55−46.1%+349%0.12—
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+26.1%23.4%1.11−45.1%+603%0.10—
AMGNAmgen Inc. · Biotechnology
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+19.6%24.9%0.85−24.9%+266%0.31—
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+22.6%25.5%0.93−66.8%+189%0.890.08%
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.10—
NEUNewMarket Corporation · Specialty Chemicals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+21.0%26.8%0.85−40.7%+165%0.07—
IXCiShares Global Energy ETF · International
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+20.7%23.2%0.93−64.2%+183%0.890.37%
RYRoyal Bank of Canada · Banks
On the frontierSimilar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+17.3%18.2%0.97−40.0%+352%0.23—
What these numbers mean for EOG
Annual return
EOG returned 16.6% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $21,500. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
EOG's volatility over the past 5 years was 32.3%, 1.9 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, EOG's return lands within 32.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
EOG's Sharpe ratio over the past 5 years was 0.64, against 0.79 for the S&P 500, so EOG earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
EOG's worst fall from a peak to a low over the past 10 years was 77.1%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 77.1% fall takes a 337% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, EOG's monthly returns had a correlation of 0.19 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against EOG instead: the lower it is, the more that option would diversify a EOG holding. Guide: Correlation and diversification →
Show all 140 stocks and funds worth at least $500 million that earned more than EOG with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with EOGExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.12—
2
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.10—
3
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.31—
4
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.890.08%
5
CVXChevron Corporation · Integrated Oil & Gas
Same or nearby category+19.5%25.2%0.84−55.8%+238%0.76—
6
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Popular alternative+27.1%26.5%1.04−61.0%+214%0.79—
7
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.07—
8
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.00—
9
IXCiShares Global Energy ETF · International
Whole market+20.7%23.2%0.93−64.2%+183%0.890.37%
10
BWFGBankwell Financial Group, Inc. · Banks - Regional
Whole market+20.1%28.5%0.79−64.7%+240%0.25—
11
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.10—
12
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.110.48%
13
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.33—
14
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%-0.040.59%
15
EEni S.p.A. · Integrated Oil & Gas
Same or nearby category+23.0%25.6%0.94−61.4%+278%0.77—
16
RTXRTX Corporation · Aerospace & Defense
Whole market+18.6%24.3%0.83−52.0%+317%0.27—
17
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.23—
18
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.25—
19
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%-0.010.40%
20
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—-0.050.19%
21
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+789%0.20—
22
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.23—
23
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%0.41—
24
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.43—
25
MARMarriott International, Inc. · Hotels & Resorts
Whole market+22.0%28.6%0.84−61.3%+544%0.32—
26
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.32—
27
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.19—
28
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+335%0.52—
29
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.30—
30
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.15—
31
PCARPACCAR Inc · Commercial Vehicles
Whole market+17.9%26.1%0.76−37.9%+314%0.44—
32
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.14—
33
ACGLArch Capital Group Ltd. · Property & Casualty Insurance
Whole market+20.1%24.5%0.87−53.8%+309%0.38—
34
IRMIron Mountain Incorporated · Specialty REITs
Whole market+24.6%30.3%0.88−39.0%+470%0.18—
35
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+29.9%29.3%1.04−36.1%+537%0.41—
36
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.06—
37
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.30—
38
CWCurtiss-Wright Corporation · Aerospace & Defense
Whole market+30.8%28.7%1.08−48.7%+512%0.15—
39
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.640.61%
40
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.25—
41
BCHBanco de Chile · Banks
Whole market+25.2%28.2%0.94−58.4%+180%0.20—
42
HUBBHubbell Incorporated · Electrical Equipment
Whole market+21.0%30.0%0.79−41.6%+442%-0.08—
43
SNXTD Synnex Corp · Technology Distribution
Whole market+20.3%30.4%0.76−55.8%+430%0.14—
44
AITApplied Industrial Technologies, Inc. · Industrial Distribution
Whole market+28.5%30.3%0.98−59.3%+742%0.24—
45
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.1%27.8%0.80−40.7%+215%0.04—
46
TTETotalEnergies SE · Integrated Oil & Gas
Same or nearby category+18.0%25.8%0.78−59.6%+234%0.71—
47
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Whole market+27.3%29.9%0.96−48.7%+367%0.25—
48
EHCEncompass Health Corporation · Health Care Facilities
Whole market+18.4%26.8%0.77−39.5%+340%0.16—
49
ENSGThe Ensign Group, Inc. · Health Care Facilities
Whole market+19.8%26.8%0.81−55.5%+896%0.30—
50
AIRRFirst Trust RBA American Industrial RenaissanceTM ETF · US Industrials
Whole market+18.3%25.9%0.78−42.4%+407%0.140.69%
51
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.31—
52
BLXBladex, Inc. · Banks - Regional
Whole market+31.4%25.9%1.19−68.5%+290%0.26—
53
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.15—
54
EWPiShares MSCI Spain ETF · Broad Market
Whole market+19.2%20.3%0.97−46.4%+196%0.260.50%
55
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.27—
56
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.12—
57
GSThe Goldman Sachs Group, Inc. · Capital Markets
Whole market+19.6%28.6%0.77−48.8%+521%0.34—
58
BFCBank First Corporation · Banks - Regional
Whole market+19.0%27.3%0.78−39.8%+496%0.14—
59
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.12—
60
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%-0.050.09%
61
UBSUBS Group AG · Banks
Whole market+25.4%30.4%0.90−59.8%+374%0.24—
62
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.09—
63
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.000.45%
64
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%0.42—
65
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%0.10—
66
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.34—
67
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.20—
68
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.02—
69
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.23—
70
FBIZFirst Business Financial Services, Inc. · Banks - Regional
Whole market+23.1%29.4%0.85−50.2%+307%0.41—
71
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.28—
72
CMICummins Inc. · Industrial Machinery
Whole market+19.9%29.0%0.77−44.0%+444%0.33—
73
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+264%0.34—
74
BAPCredicorp Ltd. · Banks
Whole market+30.8%30.3%1.04−59.2%+298%0.42—
75
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.25—
76
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.660.80%
77
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Same or nearby category+27.0%25.6%1.06−87.9%+64.0%0.71—
78
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.15—
79
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.4%26.6%0.86−59.3%+383%0.21—
80
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.060.13%
81
SHELShell plc · Integrated Oil & Gas
Same or nearby category+21.0%24.8%0.90−67.2%+233%0.75—
82
CLHClean Harbors, Inc. · Environmental Services
Whole market+23.1%28.6%0.88−64.5%+588%0.26—
83
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Same or nearby category+26.8%26.1%1.05−88.0%+56.3%0.72—
84
RGAReinsurance Group of America, Incorporated · Insurance
Whole market+19.7%27.3%0.80−65.8%+199%0.44—
85
BSACBanco Santander-Chile · Banks
Whole market+19.5%29.0%0.76−63.9%+154%0.32—
86
PSOPearson plc · Education Services
Whole market+18.5%27.9%0.75−58.4%+155%0.29—
87
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Same or nearby category+18.7%22.5%0.88−55.1%+163%0.63—
88
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%0.25—
89
FCFSFirstCash Holdings, Inc · Consumer Finance
Whole market+20.6%30.5%0.77−50.2%+422%0.23—
90
LNGCheniere Energy, Inc. · Oil & Gas
Same or nearby category+23.4%30.2%0.85−57.5%+616%0.52—
91
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.51—
92
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Popular alternative+24.6%24.0%1.04−68.1%+288%0.57—
93
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%—-0.120.40%
94
FTXNFirst Trust Nasdaq Oil & Gas ETF · Energy
Whole market+17.9%29.0%0.72−73.5%+164%0.870.60%
95
DTMDT Midstream, Inc. · Oil & Gas Midstream
Same or nearby category+24.5%25.2%1.00−23.6%—0.50—
96
PSMTPriceSmart, Inc. · Discount Retail
Whole market+18.6%28.2%0.75−53.2%+124%0.08—
97
CNOCNO Financial Group, Inc. · Life Insurance
Whole market+18.8%28.1%0.76−63.8%+342%0.32—
98
MLPXGlobal X - MLP & Energy Infrastructure ETF · Energy
Whole market+18.6%19.7%0.97−64.6%+186%0.710.45%
99
EUFNiShares MSCI Europe Financials ETF · Financial Sector Equity
Whole market+18.5%21.8%0.89−53.2%+233%0.280.49%
100
OFGOFG Bancorp · Banks - Regional
Whole market+19.5%28.7%0.77−61.2%+580%0.41—

EOG against its popular alternatives

The investments people most often weigh against EOG, compared period by period and year by year.

How do EOG's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at EOG, which divides the map into what did better or worse on each measure.

Green points earned more than EOG with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityEOG: 16.6% a year, volatility 32.3%SPY (S&P 500): 12.7% a year, volatility 17.1%XOM: 27.1% a year, volatility 26.5%WMB: 24.6% a year, volatility 24.0%OVV: 14.8% a year, volatility 44.8%MTDR: 6.9% a year, volatility 46.3%APA: 16.2% a year, volatility 47.6%SM: 6.9% a year, volatility 52.8%MUR: 11.8% a year, volatility 45.0%DVN: 9.3% a year, volatility 39.9%OXY: 15.2% a year, volatility 37.9%HAL: 6.9% a year, volatility 39.4%SLB: 10.0% a year, volatility 37.5%MGY: 6.3% a year, volatility 38.9%REPX: 18.4% a year, volatility 57.5%VLO: 44.2% a year, volatility 36.9%COP: 18.2% a year, volatility 32.6%PR: 33.1% a year, volatility 47.1%FANG: 17.6% a year, volatility 36.6%CHRD: 16.7% a year, volatility 39.1%EOGSPY (S&P 500)XOMWMBOVVMTDRAPASMMURDVNOXYHALSLBMGYREPXVLOCOPPRFANGCHRD10.0%20.0%30.0%40.0%50.0%60.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityEOG: 16.6% a year, volatility 32.3%SPY (S&P 500): 12.7% a year, volatility 17.1%XOM: 27.1% a year, volatility 26.5%WMB: 24.6% a year, volatility 24.0%OVV: 14.8% a year, volatility 44.8%MTDR: 6.9% a year, volatility 46.3%APA: 16.2% a year, volatility 47.6%SM: 6.9% a year, volatility 52.8%MUR: 11.8% a year, volatility 45.0%DVN: 9.3% a year, volatility 39.9%OXY: 15.2% a year, volatility 37.9%HAL: 6.9% a year, volatility 39.4%SLB: 10.0% a year, volatility 37.5%MGY: 6.3% a year, volatility 38.9%REPX: 18.4% a year, volatility 57.5%VLO: 44.2% a year, volatility 36.9%COP: 18.2% a year, volatility 32.6%PR: 33.1% a year, volatility 47.1%FANG: 17.6% a year, volatility 36.6%CHRD: 16.7% a year, volatility 39.1%EOGSPY (S&P 500)XOMWMBOVVMTDRSMMURDVNOXYHALSLBMGYREPXVLOCOPPRFANG
All figures
InvestmentAnnual returnVolatility
VLO Valero Energy Corporation+44.2%36.9%
PR Permian Resources Corporation+33.1%47.1%
XOM Exxonmobil Holdings Corporation+27.1%26.5%
WMB The Williams Companies, Inc.+24.6%24.0%
REPX Riley Exploration Permian, Inc.+18.4%57.5%
COP ConocoPhillips+18.2%32.6%
FANG Diamondback Energy, Inc.+17.6%36.6%
CHRD Chord Energy Corporation+16.7%39.1%
EOG This pageEOG Resources, Inc.+16.6%32.3%
APA APA Corporation+16.2%47.6%
OXY Occidental Petroleum Corporation+15.2%37.9%
OVV Ovintiv Inc.+14.8%44.8%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
MUR Murphy Oil Corporation+11.8%45.0%
SLB Slb N.V.+10.0%37.5%
DVN Devon Energy Corporation+9.3%39.9%
HAL Halliburton Company+6.9%39.4%
MTDR Matador Resources Company+6.9%46.3%
SM SM Energy Company+6.9%52.8%
MGY Magnolia Oil & Gas Corporation+6.3%38.9%
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Has EOG consistently beaten its popular alternatives?

This section compares EOG with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than EOG helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than EOG over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
EOG EOG Resources, Inc. (this page)—+12.4%+12.7%+24.0%+51.9%+53.1%+31.9%+115%+131%32.3%0.64−77.1%—$83B—
REPX QualifiedRiley Exploration Permian, Inc.5/5 short3/3 longAll-weather+20.5%+41.5%+48.0%+91.1%+86.4%+79.5%+133%+403%57.5%0.58−72.4%—$1.1B—
VLO QualifiedValero Energy Corporation4/5 short3/3 longAll-weather+10.2%+38.9%+93.2%+166%+176%+259%+524%+1,061%36.9%1.18−71.9%—$125B—
COP QualifiedConocoPhillips5/5 short2/3 long+14.4%+27.0%+27.1%+54.3%+72.9%+28.5%+131%+379%32.6%0.68−70.7%—$175B—
PR QualifiedPermian Resources Corporation5/5 short2/3 long+13.1%+23.3%+28.6%+76.5%+108%+86.6%+317%+99.2%47.1%0.85−98.9%—$21B—
XOM Oil & Gas IntegratedExxonmobil Holdings Corporation2/5 short3/3 long+12.4%+20.7%+22.0%+47.9%+62.4%+76.7%+232%+214%26.5%1.04−61.0%—$731B—
WMB Oil & Gas MidstreamThe Williams Companies, Inc.0/5 short3/3 long−1.8%−4.5%+0.6%+18.1%+14.9%+125%+200%+288%24.0%1.04−68.1%—$86B—
FANG Oil & Gas Exploration & ProductionDiamondback Energy, Inc.0/5 short3/3 long+6.9%+4.2%+11.6%+35.1%+46.8%+35.7%+125%+160%36.6%0.63−88.7%—$57B—
OVV Oil & Gas Exploration & ProductionOvintiv Inc.5/5 short1/3 long+16.8%+22.2%+32.8%+76.3%+98.3%+52.5%+99.6%+56.0%44.8%0.54−96.8%—$19B—
MTDR Oil & Gas Exploration & ProductionMatador Resources Company0/5 short1/3 long+6.2%+8.3%+3.2%+35.4%+36.6%−5.3%+39.7%+168%46.3%0.38−96.5%—$7.1B—
APA Oil & Gas Exploration & ProductionAPA Corporation5/5 short0/3 long+13.9%+44.2%+40.6%+101%+130%+31.9%+111%+0.9%47.6%0.56−93.5%—$17B—
SM Oil & Gas Exploration & ProductionSM Energy Company4/5 short0/3 long+11.8%+24.9%+46.1%+108%+88.7%−1.4%+39.5%+123%52.8%0.39−94.7%—$9.2B—
MUR Oil & Gas Exploration & ProductionMurphy Oil Corporation3/5 short0/3 long+19.1%+18.2%+18.3%+36.6%+62.7%+2.9%+74.9%+109%45.0%0.48−86.1%—$6.2B—
CHRD Oil & Gas Exploration & ProductionChord Energy Corporation3/5 short0/3 long+9.2%+19.2%+21.9%+65.3%+77.0%+4.9%+117%—39.1%0.59−53.9%—$8.3B—
CRGY Oil & Gas Exploration & ProductionCrescent Energy Company3/5 short0/3 long+1.9%+30.3%+15.0%+63.4%+73.9%+26.7%————−56.2%—$4.5B—
DVN Oil & Gas Exploration & ProductionDevon Energy Corporation2/5 short0/3 long+5.9%+15.8%+13.6%+35.6%+61.8%+15.0%+56.0%+69.6%39.9%0.42−88.5%—$55B—
OXY Oil & Gas Exploration & ProductionOccidental Petroleum Corporation2/5 short0/3 long+9.9%+14.5%+16.6%+50.6%+56.4%+2.0%+103%+11.6%37.9%0.56−88.4%—$63B—
HAL Oil & Gas Equipment & ServicesHalliburton Company0/5 short0/3 long+0.6%−3.9%−7.6%+15.0%+51.5%−14.7%+39.8%−17.1%39.4%0.37−91.5%—$28B—
SLB Oil & Gas Equipment & ServicesSlb N.V.0/5 short0/3 long−3.4%+8.3%−3.3%+26.4%+53.2%−7.2%+60.7%−21.3%37.5%0.44−84.5%—$74B—
MGY Oil & Gas Exploration & ProductionMagnolia Oil & Gas Corporation0/5 short0/3 long+4.9%+0.4%−7.8%+15.5%+14.0%+18.4%+35.9%—38.9%0.35−77.8%—$6.0B—
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How did EOG do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where EOG ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with EOG and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of EOG; gray means the two finished within a fraction of a point. The rank row places EOG among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of EOG20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
EOG This pageEOG Resources, Inc.—−11.4%+4.3%−2.0%+56.9%+88.6%−38.6%−2.8%−18.7%+7.5%+44.0%−22.5%+10.3%+39.7%+23.4%+8.5%−5.5%+47.4%−25.0%+43.6%−14.6%+106%+55.3%+16.1%+2.5%−28.1%+212%+2.5%−18.0%−15.5%
Rank among alternativesTop quarter in 7 of 2914 of 208 of 2012 of 2011 of 2011 of 1911 of 1812 of 187 of 188 of 178 of 168 of 163 of 166 of 163 of 146 of 1413 of 146 of 144 of 146 of 1414 of 142 of 143 of 1412 of 148 of 147 of 131 of 1311 of 134 of 1313 of 13
SPY S&P 500State Street SPDR S&P 500 ETF16 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
REPX Riley Exploration Permian, Inc.11 of 29−12.7%+23.8%−3.8%+60.1%+34.4%+153%−48.4%+18.7%+14.3%−41.7%−53.5%−33.9%−35.0%−15.7%+12.6%+40.5%−27.4%+23.9%−28.5%+75.0%+53.8%−65.3%−31.8%−86.7%−30.4%+17.6%+82.8%−56.1%−5.4%
VLO Valero Energy Corporation17 of 29+37.0%−2.9%+5.9%+75.0%+40.3%−35.7%+30.3%−15.7%+40.0%+0.7%+46.8%+0.3%+65.0%+66.3%−7.8%+39.6%−20.3%−68.5%+37.9%−0.4%+128%+97.9%+26.6%−2.1%+3.6%+88.6%−4.8%−31.5%+209%
COP ConocoPhillips15 of 29−2.3%−12.2%+2.0%+72.2%+87.1%−36.0%+6.6%+15.6%+11.9%+10.1%−29.0%+1.5%+27.1%+8.0%+11.0%+38.6%+2.8%−39.9%+25.4%+26.5%+36.9%+35.6%+39.8%−17.5%+8.6%+24.2%+13.6%−9.8%+13.1%
PR Permian Resources Corporation4 of 9+1.9%+10.8%+49.5%+57.7%+299%−67.6%−58.0%−44.4%+0.4%————————————————————
XOM Exxonmobil Holdings Corporation16 of 29+16.0%+11.3%−6.3%+87.4%+57.6%−36.2%+7.2%−15.1%−3.8%+19.9%−12.8%−6.0%+20.1%+4.7%+18.7%+10.1%−12.6%−13.1%+24.3%+39.1%+11.8%+28.1%+20.7%−8.9%−7.5%+10.2%+12.7%+22.5%+28.3%
WMB The Williams Companies, Inc.15 of 29+14.9%+62.4%+11.8%+32.9%+38.4%−8.2%+14.2%−23.9%+2.0%+31.2%−39.2%+21.3%+22.8%+29.9%+37.3%+20.2%+49.6%−58.8%+38.8%+14.3%+49.2%+106%+457%−75.2%−31.0%+32.3%−0.5%+11.4%+54.4%
FANG Diamondback Energy, Inc.10 of 13−5.6%+10.3%+19.7%+35.4%+127%−46.0%+0.9%−26.4%+24.9%+51.1%+11.9%+13.0%+177%————————————————
OVV Ovintiv Inc.10 of 24−0.3%−5.2%−10.9%+53.3%+138%−34.8%−17.6%−56.4%+14.2%+132%−62.1%−22.0%−5.2%+10.8%−34.3%−7.8%+697%−28.6%+51.8%+3.3%+60.1%+47.1%+29.4%+22.0%—————
MTDR Matador Resources Company7 of 13−22.3%+0.4%+0.5%+55.8%+207%−32.9%+15.7%−50.1%+20.9%+30.3%−2.3%+8.5%+127%————————————————
APA APA Corporation12 of 29+11.5%−33.5%−21.2%+76.4%+90.7%−43.7%+1.1%−36.4%−32.2%+45.7%−27.7%−26.3%+10.5%−12.7%−23.6%+16.3%+39.5%−30.2%+62.9%−2.3%+36.2%+25.4%+50.3%+15.2%−21.2%+90.5%+47.1%−27.2%+0.7%
SM SM Energy Company12 of 29−49.7%+1.8%+13.1%+18.6%+382%+10.2%−26.1%−29.3%−35.3%+76.5%−48.8%−53.5%+59.6%−28.3%+24.3%+73.0%+70.1%−47.1%+5.4%+0.5%+77.6%+47.3%+15.0%+19.1%−35.8%+171%+35.4%−45.9%+43.0%
MUR Murphy Oil Corporation14 of 29+8.7%−26.8%+2.0%+68.6%+121%−52.8%+19.5%−22.1%+3.4%+46.0%−53.9%−20.3%+29.1%+14.1%−23.8%+40.2%+24.4%−47.0%+68.7%−4.8%+35.4%+24.7%+55.0%+3.9%+42.1%+7.9%+43.7%−21.5%+12.9%
CHRD Chord Energy Corporation2 of 5−16.4%−25.0%+31.8%+34.1%+261%————————————————————————
CRGY Crescent Energy Company2 of 4−39.6%+15.2%+15.6%−1.5%—————————————————————————
DVN Devon Energy Corporation10 of 29+15.0%−25.2%−21.8%+50.9%+196%−35.2%+16.7%−45.1%−8.8%+45.0%−46.6%+0.4%+20.7%−15.0%−20.3%+7.8%+13.1%−25.6%+33.5%+8.1%+61.6%+36.7%+25.4%+19.3%−36.4%+86.3%+7.8%−19.8%+11.3%
OXY Occidental Petroleum Corporation13 of 29−14.9%−15.9%−4.1%+119%+67.7%−56.6%−28.3%−13.1%+8.5%+9.8%−12.7%−8.9%+27.8%−16.1%−2.6%+22.7%+38.4%−20.7%+60.2%+24.2%+39.2%+41.3%+53.1%+11.0%+13.4%+17.7%+35.7%−39.8%+30.3%
HAL Halliburton Company13 of 29+7.0%−23.2%−6.5%+74.5%+22.0%−21.2%−4.9%−44.6%−8.9%+61.7%−11.9%−21.6%+47.9%+1.6%−14.8%+37.3%+68.3%−51.5%+23.3%+1.1%+59.4%+53.4%+42.1%+47.2%−63.3%−8.9%+37.7%−42.1%+74.5%
SLB Slb N.V.12 of 29+3.3%−24.5%−0.8%+81.1%+39.6%−43.8%+17.8%−44.7%−18.5%+23.5%−16.3%−3.6%+32.1%+3.0%−17.2%+30.0%+56.2%−56.5%+57.1%+31.1%+46.6%+23.8%+32.0%−22.2%−30.3%+43.9%+34.9%−41.6%+63.2%
MGY Magnolia Oil & Gas Corporation5 of 8−3.8%+12.2%−7.3%+26.5%+169%−43.9%+12.3%+15.0%—————————————————————
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Risk and diversification

How EOG has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were EOG's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents EOG's five deepest drawdowns since it began trading in 1989, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means EOG fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringEOG fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Late-2018 sell-off−77.1%−14.4%Oct 2018Mar 202017 monthsMar 20222 years
2008 financial crisis−68.0%−49.3%May 2008Mar 200910 monthsJul 20134.3 years
No named crash−56.6%+78.8%Jul 1996Dec 19982.4 yearsMay 200017 months
Dot-com bust−52.7%−23.5%Dec 2000Sep 20019 monthsJun 20042.8 years
2015 China and oil sell-off−48.3%−2.3%Jun 2014Jan 201619 monthsJan 20182 years

How did EOG do in stock market crashes?

This section measures how far EOG, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than EOG.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
EOG This pageEOG Resources, Inc.—−7.4%−33.4%−61.5%−37.3%−11.3%−31.7%−35.8%−1.5%−68.0%−52.7%
SPY S&P 500State Street SPDR S&P 500 ETF9 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
REPX Riley Exploration Permian, Inc.4 of 10−2.1%−53.0%−33.4%−48.8%−9.8%−82.1%−25.7%−5.4%−86.6%−85.4%
VLO Valero Energy Corporation4 of 10−3.5%−31.9%−61.3%−42.0%−6.9%−24.2%−35.6%−4.3%−80.7%−54.1%
COP ConocoPhillips7 of 10−6.1%−33.0%−61.8%−28.3%−9.4%−43.4%−19.0%−0.8%−62.4%−31.7%
PR Permian Resources Corporation1 of 5−8.2%−44.3%−90.1%−55.9%−7.9%—————
XOM Exxonmobil Holdings Corporation10 of 10−3.1%−20.5%−47.9%−23.6%−10.0%−15.0%−19.6%−0.3%−33.7%−33.6%
WMB The Williams Companies, Inc.6 of 10−3.4%−23.0%−57.0%−25.4%−7.0%−78.9%−26.7%−3.4%−75.3%−98.0%
FANG Diamondback Energy, Inc.2 of 6−7.7%−33.5%−80.3%−38.7%−9.8%−29.3%————
OVV Ovintiv Inc.2 of 9−9.6%−36.5%−86.4%−62.0%−11.9%−63.3%−38.5%−0.1%−63.9%—
MTDR Matador Resources Company1 of 6−9.5%−34.6%−90.8%−58.7%−10.3%−54.8%————
APA APA Corporation2 of 10−10.3%−40.1%−84.9%−48.2%−13.1%−36.1%−40.5%−2.5%−64.8%−47.1%
SM SM Energy Company2 of 10−3.6%−44.1%−77.1%−59.5%−11.8%−76.4%−31.1%−3.4%−82.0%−57.0%
MUR Murphy Oil Corporation3 of 10−7.9%−40.4%−79.1%−37.6%−10.7%−52.4%−39.3%−2.5%−63.0%−34.3%
CHRD Chord Energy Corporation1 of 2−5.9%−35.8%————————
CRGY Crescent Energy Company1 of 2−5.6%−40.0%————————
DVN Devon Energy Corporation0 of 10−8.3%−33.6%−75.9%−49.4%−13.4%−55.2%−36.6%−2.3%−68.6%−52.9%
OXY Occidental Petroleum Corporation8 of 10−4.6%−22.9%−76.8%−30.5%−7.3%−21.4%−36.1%0.0%−58.1%−28.4%
HAL Halliburton Company1 of 10−10.2%−45.5%−79.1%−40.0%−10.5%−32.7%−49.8%−4.3%−75.0%−82.8%
SLB Slb N.V.1 of 10−8.8%−36.8%−64.9%−43.6%−10.9%−27.1%−38.9%−3.8%−68.0%−59.8%
MGY Magnolia Oil & Gas Corporation3 of 5−6.6%−38.1%−63.6%−33.6%−0.6%—————
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How closely does EOG move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares EOG with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than EOG's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
EOG This pageEOG Resources, Inc.92%135%0.691.17
VLO Valero Energy Corporation142%114%1.241.31
WMB The Williams Companies, Inc.85%78%1.081.02
REPX Riley Exploration Permian, Inc.89%85%1.041.14
COP ConocoPhillips94%92%1.020.91
XOM Exxonmobil Holdings Corporation78%83%0.940.76
FANG Diamondback Energy, Inc.108%148%0.731.54
MTDR Matador Resources Company156%239%0.652.70
SM SM Energy Company154%244%0.633.21
MUR Murphy Oil Corporation138%225%0.611.79
PR Permian Resources Corporation139%234%0.593.38
DVN Devon Energy Corporation118%199%0.591.80
OVV Ovintiv Inc.131%228%0.582.14
OXY Occidental Petroleum Corporation80%155%0.511.24
APA APA Corporation124%246%0.502.54
HAL Halliburton Company113%225%0.501.75
SLB Slb N.V.104%212%0.491.54
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What diversifies EOG?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with EOG's. Because such investments tend not to fall at the same time, pairing EOG with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which EOG lost money. The last two columns show a portfolio that is 80% EOG and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20252023202020192018201520102008200620011998199780/20 mix volatility80/20 mix annual return
EOG EOG Resources, Inc. (this page)1.00+115%0.64−11.4%−2.0%−38.6%−2.8%−18.7%−22.5%−5.5%−25.0%−14.6%−28.1%−18.0%−15.5%30.3%+16.8%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.46+119%1.48+27.1%+17.4%−9.0%+17.8%−5.2%———————25.1%+17.4%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.11+225%1.34+32.8%+42.0%+3.9%+18.9%−19.8%+7.7%−1.8%−20.8%————24.6%+19.6%
SMH TechnologyVanEck Semiconductor ETF-0.10+323%0.97+49.2%+73.4%+55.5%+64.5%−9.1%−0.3%+19.0%−44.7%−6.7%−14.6%——24.5%+22.8%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.20+85.0%0.96+23.1%+20.1%+2.1%+24.9%−9.5%+4.1%——————24.8%+16.9%
GLD CommoditiesSPDR Gold Shares-0.01+126%0.96+63.7%+12.7%+24.8%+17.9%−1.9%−10.7%+29.3%+4.9%+22.6%———24.4%+18.1%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.06+136%0.93+26.6%+17.6%+28.2%+25.9%−0.9%———————24.8%+18.8%
DFIV InternationalDimensional - International Value ETF0.45+99.4%0.93+45.4%+17.7%——————————25.8%+17.2%
VTV Broad MarketVanguard Morningstar Value ETF0.46+76.6%0.90+15.3%+9.3%+2.3%+25.7%−5.5%−1.0%+14.5%−35.9%+22.4%———25.7%+16.5%

Stocks

InvestmentCorrelation5Y returnSharpe20252023202020192018201520102008200620011998199780/20 mix volatility80/20 mix annual return
EOG EOG Resources, Inc. (this page)1.00+115%0.64−11.4%−2.0%−38.6%−2.8%−18.7%−22.5%−5.5%−25.0%−14.6%−28.1%−18.0%−15.5%30.3%+16.8%
CAH Medical - DistributionCardinal Health, Inc.0.12+479%1.55+76.3%+34.1%+10.1%+18.0%−24.5%+12.6%+21.4%−39.6%−5.8%−2.5%+51.7%+29.1%25.4%+22.0%
CLS Hardware, Equipment & PartsCelestica Inc.0.11+3,143%1.47+220%+160%−2.4%−5.7%−16.3%−6.0%+2.8%−20.5%−26.0%−25.6%——28.1%+35.3%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.06+1,636%1.46+121%+79.6%+6.7%+15.1%+0.8%+67.7%+8.7%−15.2%+38.9%+73.7%−9.5%—26.3%+31.2%
MCK Medical - DistributionMcKesson Corporation0.27+413%1.44+44.5%+24.1%+27.1%+26.7%−28.4%−4.5%+13.8%−40.4%−1.2%+4.9%+46.9%+96.3%26.0%+21.2%
HWM Aerospace & DefenseHowmet Aerospace Inc.0.12+594%1.36+87.9%+37.8%−7.2%+83.6%−37.5%−36.3%−2.8%−67.4%+5.5%+9.8%+7.0%+11.8%26.0%+24.3%
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Common questions

What was EOG's worst drawdown?

EOG's deepest decline since it began trading in 1989 was 77.1%, from October 2018 to March 2020. It took 24 months from the low to climb back to its old high.

What were EOG's best and worst years?

Over 29 full calendar years, EOG's best year was 2000, when it returned 212%. Its worst was 2020, with a return of -38.6%.

Is there a better investment than EOG?

Among EOG's popular alternatives, XOM and WMB earned more than EOG with less volatility over the past 5 years. XOM returned 27.1% a year at 26.5% volatility, against 16.6% a year at 32.3%. Looking beyond its popular alternatives, CVX (integrated oil & gas) and E (integrated oil & gas) earned more than EOG with less volatility over the past 5 years. CVX returned 19.5% a year at 25.2% volatility, against 16.6% a year at 32.3%.

Is EOG more volatile than the S&P 500?

Yes. EOG's volatility over the past 5 years was 32.3%, 1.9 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, EOG's return lands within 32.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is EOG's Sharpe ratio?

EOG's Sharpe ratio over the past 5 years was 0.64, against 0.79 for the S&P 500, so EOG earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is EOG with the S&P 500?

Over the past 5 years, EOG's monthly returns had a correlation of 0.19 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against EOG instead: the lower it is, the more that option would diversify a EOG holding.

What are the best alternatives to EOG?

Of the 19 popular alternatives we compared, four outperformed EOG in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: REPX, VLO and COP.

Did EOG outperform the S&P 500?

EOG finished ahead of the S&P 500 (SPY) in 13 of 29 full calendar years. In 2025, it returned -11.4%, against +17.7% for the index.

How did EOG do in stock market crashes?

EOG fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in nine. The clearest case was the Covid crash, when EOG fell 61.5% and the S&P 500 fell 33.7%.

What diversifies EOG?

These had a low correlation with EOG over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.46), DXJ (correlation 0.11) and SMH (correlation -0.10); among large stocks, CAH (correlation 0.12), CLS (correlation 0.11) and FIX (correlation 0.06). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to EOG

Other stocks and ETFs