HESM vs EQX

Comparison between Hess Midstream LP - Class A (HESM, Company) and Equinox Gold Corp (EQX, Company).

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

5-Year PerformanceHESM has outperformed EQX, delivering a return of +17.0% compared to +2.9%

HESM vs EQX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HESM(COMPANY)	EQX(COMPANY)
Market Cap	$8.05B	$8.03B
Max Drawdown	76.25%	81.06%
Sharpe Ratio	0.29	0.90
5Y Beta	0.50	0.86
Industry	Oil & Gas Midstream	Gold
P/E Ratio	22.82	11.64
Forward P/E	14.22	7.45
PEG Ratio	1.57	2.42
Dividend Yield	7.87%	0.14%
5Y Dividends CAGR	16.07%	N/A
5Y EPS CAGR	N/A	64.99%
Debt to Equity	N/A	10.04%
Free Cash Flow Yield	9.88%	0.84%
P/S Ratio	4.92	3.42
P/B Ratio	9.56	1.35

Market Cap

Winner

HESM

$8.05B

EQX

$8.03B

Max Drawdown

Winner

HESM

76.25%

EQX

81.06%

Sharpe Ratio

HESM

0.29

Winner

EQX

0.90

5Y Beta

Winner

HESM

0.50

EQX

0.86

Industry

HESM

Oil & Gas Midstream

EQX

Gold

P/E Ratio

HESM

22.82

Winner

EQX

11.64

Forward P/E

HESM

14.22

Winner

EQX

7.45

PEG Ratio

Winner

HESM

1.57

EQX

2.42

Dividend Yield

Winner

HESM

7.87%

EQX

0.14%

5Y Dividends CAGR

HESM

16.07%

EQX

N/A

5Y EPS CAGR

HESM

N/A

EQX

64.99%

Debt to Equity

HESM

N/A

EQX

10.04%

Free Cash Flow Yield

Winner

HESM

9.88%

EQX

0.84%

P/S Ratio

HESM

4.92

Winner

EQX

3.42

P/B Ratio

HESM

9.56

Winner

EQX

1.35

HESM vs EQX - Historical Returns

Returns include dividend reinvestment.

Period	HESM	EQX
1 month	-1.43%	-30.80%
3 months	+0.15%	-35.87%
6 months	+16.90%	-29.89%
1 year	+6.72%	+48.09%
5 years(CAGR)	+16.98%	+2.95%
10 years(CAGR)	+12.75%	N/A
Max(CAGR)	+12.75%	+11.83%

Winner

HESM

-1.43%

EQX

-30.80%

Winner

HESM

+0.15%

EQX

-35.87%

Winner

HESM

+16.90%

EQX

-29.89%

HESM

+6.72%

Winner

EQX

+48.09%

5Y(CAGR)

Winner

HESM

+16.98%

EQX

+2.95%

10Y(CAGR)

HESM

+12.75%

EQX

N/A

Max(CAGR)

Winner

HESM

+12.75%

EQX

+11.83%

HESM vs EQX - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	HESM	EQX
2026	+16.22%	-24.87%
2025	-0.95%	+164.41%
2024	+25.97%	+6.81%
2023	+15.48%	+36.59%
2022	+15.40%	-50.75%
2021	+56.13%	-39.10%
2020	-4.04%	+31.89%
2019	+38.63%	+109.52%
2018	-13.62%	-12.75%
2017	-20.42%	N/A

HESM vs EQX Drawdown Comparison

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

The maximum drawdown for EQX was -81.06%, occurring on Nov 3, 2022. Recovery took 1326 trading sessions.

The current HESM drawdown is -5.16%. The current EQX drawdown is -45.14%.

Rank	HESM	EQX
#1	-75.15% Jan 16, 2020 - Mar 2, 2021	-81.06% Aug 18, 2020 - Nov 26, 2025
#2	-31.59% May 2, 2017 - Dec 23, 2019	-48.02% Feb 27, 2026 - Jun 10, 2026
#3	-28.71% Jun 7, 2022 - Nov 17, 2023	-42.99% Feb 21, 2020 - Jun 1, 2020
#4	-25.77% Jul 31, 2025 - May 18, 2026	-27.76% Aug 7, 2018 - Mar 8, 2019
#5	-19.71% Mar 19, 2025 - Jul 31, 2025	-25.49% Mar 25, 2019 - Jun 20, 2019
#6	-17.43% Jun 15, 2021 - Sep 16, 2021	-19.74% Jan 28, 2026 - Feb 23, 2026
#7	-16.09% Sep 27, 2021 - Jan 7, 2022	-19.19% Aug 26, 2019 - Dec 18, 2019
#8	-13.96% Apr 14, 2022 - Jun 1, 2022	-16.64% Jun 20, 2019 - Aug 5, 2019
#9	-11.61% Mar 8, 2022 - Apr 14, 2022	-9.18% Jan 15, 2020 - Feb 14, 2020
#10	-11.28% Mar 10, 2021 - Apr 1, 2021	-8.77% Aug 5, 2019 - Aug 20, 2019
#11	-8.88% Jul 16, 2024 - Nov 27, 2024	-8.05% Dec 22, 2025 - Jan 20, 2026
#12	-7.93% May 19, 2026 - May 29, 2026	-6.89% Jun 1, 2020 - Jun 8, 2020
#13	-7.85% Dec 4, 2023 - Jan 23, 2024	-6.49% Aug 6, 2020 - Aug 17, 2020
#14	-6.78% Jan 18, 2022 - Feb 11, 2022	-6.39% Dec 12, 2025 - Dec 22, 2025
#15	-6.52% Apr 3, 2024 - May 20, 2024	-5.42% Jul 9, 2020 - Jul 22, 2020