HESM vs BTG

Comparison between Hess Midstream LP - Class A (HESM, Company) and B2gold Corp (BTG, Company).

HESM is from the Energy sector, while BTG is from the Basic Materials sector.

5-Year PerformanceHESM has outperformed BTG, delivering a return of +20.4% compared to +3.3%

HESM vs BTG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HESM(COMPANY)	BTG(COMPANY)
Market Cap	$8.06B	$8.05B
Max Drawdown	76.25%	85.97%
Sharpe Ratio	0.42	1.20
5Y Beta	0.52	0.74
Industry	Oil & Gas Midstream	Gold
P/E Ratio	22.84	15.14
Forward P/E	14.22	6.72
PEG Ratio	1.57	4.71
Dividend Yield	7.74%	1.54%
5Y Dividends CAGR	16.07%	-7.79%
5Y EPS CAGR	N/A	-10.26%
Debt to Equity	N/A	14.16%
Free Cash Flow Yield	9.87%	5.26%
P/S Ratio	4.98	1.77
P/B Ratio	9.46	1.92

Market Cap

Winner

HESM

$8.06B

BTG

$8.05B

Max Drawdown

Winner

HESM

76.25%

BTG

85.97%

Sharpe Ratio

HESM

0.42

Winner

BTG

1.20

5Y Beta

Winner

HESM

0.52

BTG

0.74

Industry

HESM

Oil & Gas Midstream

BTG

Gold

P/E Ratio

HESM

22.84

Winner

BTG

15.14

Forward P/E

HESM

14.22

Winner

BTG

6.72

PEG Ratio

Winner

HESM

1.57

BTG

4.71

Dividend Yield

Winner

HESM

7.74%

BTG

1.54%

5Y Dividends CAGR

Winner

HESM

16.07%

BTG

-7.79%

5Y EPS CAGR

HESM

N/A

BTG

-10.26%

Debt to Equity

HESM

N/A

BTG

14.16%

Free Cash Flow Yield

Winner

HESM

9.87%

BTG

5.26%

P/S Ratio

HESM

4.98

Winner

BTG

1.77

P/B Ratio

HESM

9.46

Winner

BTG

1.92

HESM vs BTG - Historical Returns

Returns include dividend reinvestment.

Period	HESM	BTG
1 month	+9.25%	-0.61%
3 months	+10.95%	-9.10%
6 months	+24.73%	+20.26%
1 year	+11.39%	+69.42%
5 years(CAGR)	+20.40%	+3.34%
10 years(CAGR)	+13.26%	+11.02%
Max(CAGR)	+13.26%	+8.50%

Winner

HESM

+9.25%

BTG

-0.61%

Winner

HESM

+10.95%

BTG

-9.10%

Winner

HESM

+24.73%

BTG

+20.26%

HESM

+11.39%

Winner

BTG

+69.42%

5Y(CAGR)

Winner

HESM

+20.40%

BTG

+3.34%

10Y(CAGR)

Winner

HESM

+13.26%

BTG

+11.02%

Max(CAGR)

Winner

HESM

+13.26%

BTG

+8.50%

HESM vs BTG - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	HESM	BTG
2026	+20.02%	+9.08%
2025	-0.95%	+78.02%
2024	+25.97%	-17.05%
2023	+15.48%	-9.96%
2022	+15.40%	-2.86%
2021	+56.13%	-30.96%
2020	-4.04%	+45.22%
2019	+38.63%	+38.18%
2018	-13.62%	-4.89%
2017	-20.42%	+22.53%
2016	N/A	+130.10%
2015	N/A	-41.04%
2014	N/A	-24.30%
2013	N/A	-46.37%
2012	N/A	+15.17%
2011	N/A	+15.86%
2010	N/A	+122.79%
2009	N/A	+224.08%
2008	N/A	-75.00%

HESM vs BTG Drawdown Comparison

The maximum drawdown for HESM was -75.15%, occurring on Mar 18, 2020. Recovery took 282 trading sessions.

The maximum drawdown for BTG was -85.97%, occurring on Jan 25, 2016. Recovery took 1982 trading sessions.

The current HESM drawdown is -0.56%. The current BTG drawdown is -20.96%.

Rank	HESM	BTG
#1	-75.15% Jan 16, 2020 - Mar 2, 2021	-85.97% Apr 2, 2012 - Feb 19, 2020
#2	-31.59% May 2, 2017 - Dec 23, 2019	-83.33% Jun 24, 2008 - Apr 9, 2010
#3	-28.71% Jun 7, 2022 - Nov 17, 2023	-63.35% Aug 5, 2020 - Oct 16, 2025
#4	-25.77% Jul 31, 2025 - Oct 10, 2025	-43.30% Feb 24, 2020 - Apr 22, 2020
#5	-19.71% Mar 19, 2025 - Jul 31, 2025	-36.64% Feb 26, 2026 - Mar 20, 2026
#6	-17.43% Jun 15, 2021 - Sep 16, 2021	-36.51% Sep 16, 2011 - Mar 12, 2012
#7	-16.09% Sep 27, 2021 - Jan 7, 2022	-36.20% Oct 16, 2025 - Feb 24, 2026
#8	-13.96% Apr 14, 2022 - Jun 1, 2022	-27.99% Jun 18, 2010 - Sep 20, 2010
#9	-11.61% Mar 8, 2022 - Apr 14, 2022	-26.15% May 12, 2010 - Jun 18, 2010
#10	-11.28% Mar 10, 2021 - Apr 1, 2021	-20.69% Jun 10, 2011 - Aug 12, 2011
#11	-8.88% Jul 16, 2024 - Nov 27, 2024	-20.05% Apr 14, 2011 - Jun 7, 2011
#12	-7.85% Dec 4, 2023 - Jan 23, 2024	-18.35% Dec 13, 2010 - Mar 1, 2011
#13	-6.78% Jan 18, 2022 - Feb 11, 2022	-14.12% Nov 8, 2010 - Dec 1, 2010
#14	-6.52% Apr 3, 2024 - May 20, 2024	-13.46% Aug 16, 2011 - Sep 1, 2011
#15	-6.45% Sep 16, 2021 - Sep 23, 2021	-12.67% Apr 14, 2010 - May 11, 2010