BetterThanSPY

Relative Intelligence · Oilfield Services

How Baker Hughes (BKR) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on BKR alone. It places BKR (Baker Hughes Company) against 20+ 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 BKR stands in the market, and of the alternatives worth a closer look.

Period covered: BKR's full trading record, from April 1987 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

Data as of October 22, 2026. Full tables and charts read best on a larger screen.

Rank the market against BKR →Chart BKR vs. 22 alternatives →

This page answers the following questions about BKR

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

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

This chart tracks a hypothetical $10,000 investment in BKR over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of BKR over the same span and BKR'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. 707 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of BKR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000199720022007201220172022$1,000$10,000$100,00019972004201120182025
  • LNG$451,390+4,414% total · +14.0% a year
  • CVX$142,109+1,321% total · +9.6% 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
  • HP$84,217+742% total · +7.6% a year
  • OII$82,944+729% total · +7.6% a year
  • BKR$57,190+472% total · +6.2% a year
  • SLB$21,770+118% total · +2.7% a year
  • HAL$19,237+92.4% total · +2.3% a year
  • PTEN$12,257+22.6% total · +0.7% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 510 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of BKR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$20,000$40,000$60,000$80,000$100,000$120,000202120222023202420252026$0$50,000$100,000$150,000202120222023202420252026
  • FTI$92,034+820% total · +55.9% a year
  • WTTR$42,106+321% total · +33.3% a year
  • FET$35,915+259% total · +29.1% a year
  • XOM$32,965+230% total · +26.9% a year
  • LNG$28,953+190% total · +23.7% a year
  • E$27,904+179% total · +22.8% a year
  • BKR$24,898+149% total · +20.0% a year
  • CVX$24,595+146% total · +19.7% a year
  • KMI$23,609+136% total · +18.7% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
Change the dates or add tickers to this chart in EasyCompare

BKR 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
$53B
Industry
Oil & Gas Equipment & Services
Price history from
April 1987

Returns

Past 1 year
+15.1%total return
Past 3 years
+64.7%+18.1% a year
Past 5 years
+144%+19.5% a year
Past 10 years
+236%+12.9% a year
Best calendar year
+102%2000
Worst calendar year
−59.9%2008
Losing years
9 of 29full calendar years

Risk

Volatility
34.6%typical yearly swing, 5 years
Sharpe ratio
0.69return per unit of risk, 5 years
Worst decline ever
−73.5%Jul 2017 to Mar 2020
From its all-time high
−22.5%below the peak

BKR against the whole market

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

How does BKR rank among all stocks?

This section ranks BKR 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 BKR 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.

MeasureBKRRankStanding
1-year return+15.1%1,433 of 3,282top 44%
3-year return+64.7%1,370 of 3,016top 45%
5-year return+144%471 of 2,897top 16%
10-year return+236%751 of 2,201top 34%
Volatility, 5 years34.6%1,114 of 2,897top 38%
Sharpe ratio, 5 years0.69473 of 2,897top 16%
Worst decline, past 10 years−73.5%1,410 of 2,184bottom 36%

What has beaten BKR 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). BKR sits where the dashed lines cross. Anything in the green box above and to the left earned more than BKR 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 BKR; faint dots are 80 more of the 98 in the green region (the strongest, one per fund family). 3,641 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%55.0%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 BKRCAT: +30.7% a year, volatility 32.0%PM: +21.3% a year, volatility 23.4%MCK: +37.8% a year, volatility 25.1%PGR: +21.8% a year, volatility 25.7%BNY: +22.8% a year, volatility 24.4%TRV: +22.4% a year, volatility 22.3%GWW: +26.7% a year, volatility 24.9%COR: +23.6% a year, volatility 22.8%WELL: +27.0% a year, volatility 23.8%CBOE: +22.0% a year, volatility 25.1%CASY: +30.8% a year, volatility 29.4%RS: +24.8% a year, volatility 28.1%WF: +25.4% a year, volatility 31.6%AIT: +27.2% a year, volatility 30.4%MUSA: +25.3% a year, volatility 31.2%FSS: +23.2% a year, volatility 31.7%NHC: +31.2% a year, volatility 28.6%MUFG: +33.5% a year, volatility 29.4%GILD: +22.8% a year, volatility 24.9%MFG: +33.9% a year, volatility 30.6%SMFG: +34.0% a year, volatility 29.4%UBS: +24.9% a year, volatility 30.4%DBJP: +20.9% a year, volatility 19.3%VRTX: +23.9% a year, volatility 29.1%PH: +26.0% a year, volatility 28.9%EPU: +28.1% a year, volatility 24.9%MAR: +21.7% a year, volatility 28.6%MFC: +23.3% a year, volatility 24.0%ARGT: +22.4% a year, volatility 32.1%FBIZ: +23.2% a year, volatility 29.4%HLT: +20.7% a year, volatility 26.8%WAB: +25.2% a year, volatility 26.3%BAP: +29.7% a year, volatility 30.3%SDCI: +21.1% a year, volatility 18.4%KOF: +22.4% a year, volatility 24.7%IHG: +21.7% a year, volatility 26.6%BCH: +24.2% a year, volatility 28.2%CLH: +22.8% a year, volatility 28.6%MOG-A: +35.1% a year, volatility 32.1%RNR: +20.6% a year, volatility 27.9%WMB: +25.2% a year, volatility 24.1%APH: +31.3% a year, volatility 32.4%LAUR: +36.9% a year, volatility 32.8%NEU: +20.9% a year, volatility 26.8%XLE: +22.7% a year, volatility 25.5%ACT: +20.7% a year, volatility 24.4%FLTW: +21.3% a year, volatility 24.4%QTUM: +22.1% a year, volatility 28.2%DTM: +25.0% a year, volatility 25.2%TT: +21.4% a year, volatility 27.7%TKO: +26.1% a year, volatility 32.7%ESQ: +32.1% a year, volatility 31.8%IGIC: +30.6% a year, volatility 30.9%IRM: +23.8% a year, volatility 30.3%DMLP: +21.2% a year, volatility 29.1%CW: +29.5% a year, volatility 28.8%TRGP: +41.8% a year, volatility 31.7%MPLX: +24.0% a year, volatility 18.8%BLX: +31.0% a year, volatility 25.9%ALSN: +27.8% a year, volatility 29.9%ESE: +22.8% a year, volatility 31.2%ING: +24.3% a year, volatility 31.2%USFD: +23.3% a year, volatility 29.8%UNM: +31.4% a year, volatility 29.3%SU: +33.1% a year, volatility 32.5%IMO: +33.7% a year, volatility 32.0%CNQ: +26.4% a year, volatility 32.5%AVT: +21.5% a year, volatility 30.8%PAA: +28.4% a year, volatility 25.6%WES: +24.4% a year, volatility 27.6%WT: +30.8% a year, volatility 32.9%PAGP: +27.8% a year, volatility 26.0%DAC: +22.0% a year, volatility 31.9%ATMP: +21.7% a year, volatility 21.5%GE: +36.0% a year, volatility 31.0%APG: +21.9% a year, volatility 32.0%GVA: +23.3% a year, volatility 30.6%ARLP: +30.0% a year, volatility 31.5%WWD: +22.4% a year, volatility 32.5%IEO: +21.2% a year, volatility 29.9%BKR: +19.5% a year, volatility 34.6%SPY (S&P 500): +12.5% a year, volatility 17.2%XOM: +27.5% a year, volatility 26.5%LNG: +23.4% a year, volatility 30.2%KMI: +20.1% a year, volatility 22.3%CVX: +19.7% a year, volatility 25.2%FTI: +54.6% a year, volatility 41.2%WTTR: +24.9% a year, volatility 49.5%E: +23.7% a year, volatility 25.6%SHEL: +21.4% a year, volatility 24.8%PSX: +32.7% a year, volatility 32.9%SBR: +21.8% a year, volatility 31.5%GLP: +24.9% a year, volatility 35.5%CRAK: +19.5% a year, volatility 20.9%CAH: +41.7% a year, volatility 24.7%LLY: +41.2% a year, volatility 32.8%WMT: +21.1% a year, volatility 22.6%ABBV: +25.5% a year, volatility 23.4%HSBC: +32.8% a year, volatility 25.9%DXJ: +26.6% a year, volatility 19.1%RTX: +18.7% a year, volatility 24.4%SMH: +32.2% a year, volatility 37.0%HWM: +45.1% a year, volatility 32.7%BKRSPY (S&P 500)XOMLNGKMICVXFTIWTTREPSXGLPCRAKCAHLLYWMTABBVHSBCDXJSMHHWM10.0%20.0%30.0%40.0%50.0%60.0%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 BKRCAT: +30.7% a year, volatility 32.0%PM: +21.3% a year, volatility 23.4%MCK: +37.8% a year, volatility 25.1%PGR: +21.8% a year, volatility 25.7%BNY: +22.8% a year, volatility 24.4%TRV: +22.4% a year, volatility 22.3%GWW: +26.7% a year, volatility 24.9%COR: +23.6% a year, volatility 22.8%WELL: +27.0% a year, volatility 23.8%CBOE: +22.0% a year, volatility 25.1%CASY: +30.8% a year, volatility 29.4%RS: +24.8% a year, volatility 28.1%WF: +25.4% a year, volatility 31.6%AIT: +27.2% a year, volatility 30.4%MUSA: +25.3% a year, volatility 31.2%FSS: +23.2% a year, volatility 31.7%NHC: +31.2% a year, volatility 28.6%MUFG: +33.5% a year, volatility 29.4%GILD: +22.8% a year, volatility 24.9%MFG: +33.9% a year, volatility 30.6%SMFG: +34.0% a year, volatility 29.4%UBS: +24.9% a year, volatility 30.4%DBJP: +20.9% a year, volatility 19.3%VRTX: +23.9% a year, volatility 29.1%PH: +26.0% a year, volatility 28.9%EPU: +28.1% a year, volatility 24.9%MAR: +21.7% a year, volatility 28.6%MFC: +23.3% a year, volatility 24.0%ARGT: +22.4% a year, volatility 32.1%FBIZ: +23.2% a year, volatility 29.4%HLT: +20.7% a year, volatility 26.8%WAB: +25.2% a year, volatility 26.3%BAP: +29.7% a year, volatility 30.3%SDCI: +21.1% a year, volatility 18.4%KOF: +22.4% a year, volatility 24.7%IHG: +21.7% a year, volatility 26.6%BCH: +24.2% a year, volatility 28.2%CLH: +22.8% a year, volatility 28.6%MOG-A: +35.1% a year, volatility 32.1%RNR: +20.6% a year, volatility 27.9%WMB: +25.2% a year, volatility 24.1%APH: +31.3% a year, volatility 32.4%LAUR: +36.9% a year, volatility 32.8%NEU: +20.9% a year, volatility 26.8%XLE: +22.7% a year, volatility 25.5%ACT: +20.7% a year, volatility 24.4%FLTW: +21.3% a year, volatility 24.4%QTUM: +22.1% a year, volatility 28.2%DTM: +25.0% a year, volatility 25.2%TT: +21.4% a year, volatility 27.7%TKO: +26.1% a year, volatility 32.7%ESQ: +32.1% a year, volatility 31.8%IGIC: +30.6% a year, volatility 30.9%IRM: +23.8% a year, volatility 30.3%DMLP: +21.2% a year, volatility 29.1%CW: +29.5% a year, volatility 28.8%TRGP: +41.8% a year, volatility 31.7%MPLX: +24.0% a year, volatility 18.8%BLX: +31.0% a year, volatility 25.9%ALSN: +27.8% a year, volatility 29.9%ESE: +22.8% a year, volatility 31.2%ING: +24.3% a year, volatility 31.2%USFD: +23.3% a year, volatility 29.8%UNM: +31.4% a year, volatility 29.3%SU: +33.1% a year, volatility 32.5%IMO: +33.7% a year, volatility 32.0%CNQ: +26.4% a year, volatility 32.5%AVT: +21.5% a year, volatility 30.8%PAA: +28.4% a year, volatility 25.6%WES: +24.4% a year, volatility 27.6%WT: +30.8% a year, volatility 32.9%PAGP: +27.8% a year, volatility 26.0%DAC: +22.0% a year, volatility 31.9%ATMP: +21.7% a year, volatility 21.5%GE: +36.0% a year, volatility 31.0%APG: +21.9% a year, volatility 32.0%GVA: +23.3% a year, volatility 30.6%ARLP: +30.0% a year, volatility 31.5%WWD: +22.4% a year, volatility 32.5%IEO: +21.2% a year, volatility 29.9%BKR: +19.5% a year, volatility 34.6%SPY (S&P 500): +12.5% a year, volatility 17.2%XOM: +27.5% a year, volatility 26.5%LNG: +23.4% a year, volatility 30.2%KMI: +20.1% a year, volatility 22.3%CVX: +19.7% a year, volatility 25.2%FTI: +54.6% a year, volatility 41.2%WTTR: +24.9% a year, volatility 49.5%E: +23.7% a year, volatility 25.6%SHEL: +21.4% a year, volatility 24.8%PSX: +32.7% a year, volatility 32.9%SBR: +21.8% a year, volatility 31.5%GLP: +24.9% a year, volatility 35.5%CRAK: +19.5% a year, volatility 20.9%CAH: +41.7% a year, volatility 24.7%LLY: +41.2% a year, volatility 32.8%WMT: +21.1% a year, volatility 22.6%ABBV: +25.5% a year, volatility 23.4%HSBC: +32.8% a year, volatility 25.9%DXJ: +26.6% a year, volatility 19.1%RTX: +18.7% a year, volatility 24.4%SMH: +32.2% a year, volatility 37.0%HWM: +45.1% a year, volatility 32.7%BKRSPY (S&P 500)XOMLNGKMIFTIWTTREPSXGLPCRAKCAHLLYABBVHSBCSMHHWM
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than BKR?

Investments that beat BKR 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 BKR 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 BKR'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 BKR 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 BKR'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× BKR's volatility counts as better.

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

Screen the whole market against BKR 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 BKR?lower diversifies moreExpenseper year
BKRBaker Hughes Company · this page
+19.5%34.6%0.69−73.5%+236%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.5%17.2%0.78−33.7%+316%0.430.09%
Popular alternativesbest 6 shownThe investments people most often weigh against BKR. 7 of 21 passed at least one test.
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+27.5%26.5%1.05−61.0%+216%0.55—
LNGCheniere Energy, Inc. · Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+23.4%30.2%0.85−57.5%+635%0.33—
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+20.1%22.3%0.94−55.1%+159%0.65—
CVXChevron Corporation · Integrated Oil & Gas
Similar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+19.7%25.2%0.84−55.8%+243%0.66—
FTITechnipFMC plc · Oilfield Services
Higher return in most periods+54.6%41.2%1.27−85.8%+173%0.75—
WTTRSelect Water Solutions, Inc. · Oilfield Services
Higher return in most periods+24.9%49.5%0.70−89.5%—0.52—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Oilfield Services and Oil & Gas and the categories next to it (Exploration & Production, Integrated Oil & Gas, Energy Equity, Marine Shipping, Oil & Gas Midstream), plus BKR's specific themes. 67 of 173 passed at least one test.
EEni S.p.A. · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+23.7%25.6%0.96−61.4%+283%0.56—
SHELShell plc · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+21.4%24.8%0.91−67.2%+236%0.57—
PSXPhillips 66 · Oil Refining
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+32.7%32.9%1.03−64.2%+413%0.56—
SBRSabine Royalty Trust · Mineral Royalties
Higher return, lower volatilityHigher return in most periodsSmaller losses in recent crashes+21.8%31.5%0.79−50.7%+339%0.44—
GLPGlobal Partners LP · Oil & Gas Midstream
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+24.9%35.5%0.81−62.5%+645%0.49—
CRAKVanEck Oil Refiners ETF · Oil Refining
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.5%20.9%0.96−58.8%+325%0.590.61%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 635 of 3,469 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+41.7%24.7%1.54−46.1%+345%0.09—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+41.2%32.8%1.22−34.5%+1,870%-0.10—
WMTWalmart Inc. · Discount Retail
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+21.1%22.6%0.97−25.7%+521%0.24—
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+25.5%23.4%1.09−45.1%+600%0.17—
HSBCHSBC Holdings plc · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+32.8%25.9%1.23−62.3%+314%0.43—
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+26.6%19.1%1.34−39.1%+415%0.350.48%
RTXRTX Corporation · Aerospace & Defense
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+18.7%24.4%0.83−52.0%+319%0.35—
SMHVanEck Semiconductor ETF · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+32.2%37.0%0.94−45.3%+1,570%0.150.35%
What these numbers mean for BKR
Annual return
BKR returned 19.5% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $24,400. 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
BKR's volatility over the past 5 years was 34.6%, about twice the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BKR's return lands within 34.6% 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
BKR's Sharpe ratio over the past 5 years was 0.69, against 0.78 for the S&P 500, so BKR 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
BKR's worst fall from a peak to a low over the past 10 years was 73.5%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 73.5% fall takes a 278% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, BKR's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against BKR instead: the lower it is, the more that option would diversify a BKR holding. Guide: Correlation and diversification →
Show all 98 stocks and funds worth at least $500 million that earned more than BKR with less volatility

Out of 3,641 tested over 5 years. The strongest 92 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with BKRExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+41.7%24.7%1.54−46.1%+345%0.09—
2
LLYEli Lilly and Company · Pharmaceuticals
Whole market+41.2%32.8%1.22−34.5%+1,870%-0.10—
3
WMTWalmart Inc. · Discount Retail
Whole market+21.1%22.6%0.97−25.7%+521%0.24—
4
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Whole market+25.5%23.4%1.09−45.1%+600%0.17—
5
HSBCHSBC Holdings plc · Banks
Whole market+32.8%25.9%1.23−62.3%+314%0.43—
6
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
Whole market+26.6%19.1%1.34−39.1%+415%0.350.48%
7
CATCaterpillar Inc. · Industrial Machinery
Whole market+30.7%32.0%1.00−43.4%+913%0.52—
8
PMPhilip Morris International Inc. · Tobacco
Whole market+21.3%23.4%0.94−42.9%+240%0.28—
9
MCKMcKesson Corporation · Health Care Distribution
Whole market+37.8%25.1%1.41−38.1%+582%0.38—
10
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.8%25.7%0.90−30.3%+849%0.17—
11
BNYBank of New York Mellon Corp · Banks
Whole market+22.8%24.4%0.97−50.5%+332%0.48—
12
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+360%0.44—
13
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.7%24.9%1.08−41.6%+670%0.27—
14
CORCencora, Inc. · Health Care Distribution
Whole market+23.6%22.8%1.05−32.4%+403%0.43—
15
WELLWelltower Inc. · Healthcare REITs
Whole market+27.0%23.8%1.13−63.3%+378%0.40—
16
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+22.0%25.1%0.92−43.2%+481%0.23—
17
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+30.8%29.4%1.06−36.1%+560%0.46—
18
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.94−40.8%+639%0.35—
19
WFWoori Financial Group Inc. · Banks
Whole market+25.4%31.6%0.88−67.2%+268%0.51—
20
AITApplied Industrial Technologies, Inc. · Industrial Distribution
Whole market+27.2%30.4%0.95−59.3%+717%0.45—
21
EEni S.p.A. · Integrated Oil & Gas
Same or nearby category+23.7%25.6%0.96−61.4%+283%0.56—
22
MUSAMurphy USA Inc. · Convenience Stores
Whole market+25.3%31.2%0.88−35.5%+688%0.09—
23
FSSFederal Signal Corporation · Industrial Machinery
Whole market+23.2%31.7%0.82−33.0%+899%0.26—
24
NHCNational HealthCare Corporation · Health Care Facilities
Whole market+31.2%28.6%1.10−35.3%+385%0.12—
25
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.5%29.4%1.14−54.9%+485%0.44—
26
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+202%0.40—
27
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.9%30.6%1.11−45.7%+343%0.41—
28
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+34.0%29.4%1.15−47.6%+470%0.31—
29
UBSUBS Group AG · Banks
Whole market+24.9%30.4%0.89−59.8%+363%0.41—
30
DBJPXtrackers MSCI Japan Hedged Equity ETF · Japan Equity
Whole market+20.9%19.3%1.09−31.3%+339%0.270.45%
31
VRTXVertex Pharmaceuticals Incorporated · Rare Disease Therapeutics
Whole market+23.9%29.1%0.89−41.6%+580%0.14—
32
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+26.0%28.9%0.95−54.7%+755%0.38—
33
EPUiShares MSCI Peru and Global Exposure ETF · International Equity
Whole market+28.1%24.9%1.12−51.0%+258%0.480.59%
34
MARMarriott International, Inc. · Hotels & Resorts
Whole market+21.7%28.6%0.83−61.3%+544%0.34—
35
MFCManulife Financial Corporation · Life Insurance
Whole market+23.3%24.0%1.00−57.5%+386%0.36—
36
ARGTGlobal X - MSCI Argentina ETF · International Equity
Whole market+22.4%32.1%0.79−61.7%+292%0.220.59%
37
FBIZFirst Business Financial Services, Inc. · Regional Banks
Whole market+23.2%29.4%0.86−50.2%+315%0.38—
38
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+20.7%26.8%0.84−50.8%+693%0.29—
39
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.2%26.3%0.99−64.1%+258%0.47—
40
BAPCredicorp Ltd. · Banks
Whole market+29.7%30.3%1.01−59.2%+281%0.38—
41
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Broad Commodities
Whole market+21.1%18.4%1.14−45.7%—0.540.80%
42
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.4%24.7%0.95−55.1%+119%0.16—
43
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.7%26.6%0.88−59.3%+387%0.29—
44
BCHBanco de Chile · Banks
Whole market+24.2%28.2%0.91−58.4%+168%0.23—
45
SHELShell plc · Integrated Oil & Gas
Same or nearby category+21.4%24.8%0.91−67.2%+236%0.57—
46
CLHClean Harbors, Inc. · Waste Management
Whole market+22.8%28.6%0.87−64.5%+603%0.40—
47
MOG-AMoog Inc. · Aerospace Components
Whole market+35.1%32.1%1.10−63.7%+540%0.36—
48
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Popular alternative+27.5%26.5%1.05−61.0%+216%0.55—
49
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.6%27.9%0.81−40.7%+222%0.13—
50
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Same or nearby category+25.2%24.1%1.06−68.1%+291%0.62—
51
APHAmphenol Corporation · Electronic Components
Whole market+31.3%32.4%1.01−37.5%+887%0.14—
52
LAURLaureate Education, Inc. · Education Services
Whole market+36.9%32.8%1.13−64.5%—0.22—
53
NEUNewMarket Corporation · Specialty Chemicals
Whole market+20.9%26.8%0.85−40.7%+162%0.00—
54
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Same or nearby category+22.7%25.5%0.94−66.8%+190%0.730.08%
55
ACTEnact Holdings Inc. · Insurance
Whole market+20.7%24.4%0.90−20.2%—0.43—
56
FLTWFranklin FTSE Taiwan ETF · International Equity
Whole market+21.3%24.4%0.92−38.0%—0.230.19%
57
QTUMDefiance Quantum ETF · Quantum Computing
Whole market+22.1%28.2%0.85−38.5%—0.200.40%
58
DTMDT Midstream, Inc. · Oil & Gas Midstream
Same or nearby category+25.0%25.2%1.02−23.6%—0.54—
59
LNGCheniere Energy, Inc. · Oil & Gas
Popular alternative+23.4%30.2%0.85−57.5%+635%0.33—
60
TTTrane Technologies plc · Building Products
Whole market+21.4%27.7%0.84−40.5%+927%0.21—
61
TKOTKO Group Holdings, Inc. · Entertainment
Whole market+26.1%32.7%0.88−69.1%+917%0.19—
62
ESQEsquire Financial Holdings, Inc. · Regional Banks
Whole market+32.1%31.8%1.04−56.5%—0.25—
63
IGICInternational General Insurance Holdings Ltd. · Insurance
Whole market+30.6%30.9%1.02−50.6%—0.15—
64
IRMIron Mountain Incorporated · Specialty REITs
Whole market+23.8%30.3%0.86−39.0%+456%0.45—
65
DMLPDorchester Minerals, L.P. · Mineral Royalties
Same or nearby category+21.2%29.1%0.81−56.8%+459%0.51—
66
CWCurtiss-Wright Corporation · Aerospace & Defense
Whole market+29.5%28.8%1.05−48.7%+486%0.39—
67
TRGPTarga Resources Corp. · Oil & Gas Midstream
Same or nearby category+41.8%31.7%1.27−90.8%+829%0.60—
68
MPLXMPLX Lp · Oil & Gas Midstream
Same or nearby category+24.0%18.8%1.25−75.2%+337%0.56—
69
BLXBladex, Inc. · Banks
Whole market+31.0%25.9%1.18−68.5%+278%0.39—
70
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Whole market+27.8%29.9%0.98−48.7%+363%0.53—
71
ESEESCO Technologies Inc. · Electronic Instruments
Whole market+22.8%31.2%0.81−46.0%+441%0.37—
72
SBRSabine Royalty Trust · Mineral Royalties
Same or nearby category+21.8%31.5%0.79−50.7%+339%0.44—
73
INGING Groep N.V. · Banks
Whole market+24.3%31.2%0.86−74.4%+330%0.37—
74
USFDUS Foods Holding Corp. · Food Distribution
Whole market+23.3%29.8%0.85−77.3%+353%0.35—
75
UNMUnum Group · Life Insurance
Whole market+31.4%29.3%1.08−81.0%+263%0.42—
76
SUSuncor Energy Inc. · Integrated Oil & Gas
Same or nearby category+33.1%32.5%1.05−73.5%+289%0.58—
77
IMOImperial Oil Limited · Integrated Oil & Gas
Same or nearby category+33.7%32.0%1.07−77.1%+411%0.67—
78
CNQCanadian Natural Resources Limited · Oil & Gas
Same or nearby category+26.4%32.5%0.89−77.5%+431%0.65—
79
AVTAvnet, Inc. · Technology Distribution
Whole market+21.5%30.8%0.79−58.4%+161%0.41—
80
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Same or nearby category+28.4%25.6%1.11−87.9%+66.5%0.61—
81
WESWestern Midstream Partners, LP · Oil & Gas Midstream
Same or nearby category+24.4%27.6%0.93−91.9%+122%0.58—
82
WTWisdomTree, Inc. · Asset Management
Whole market+30.8%32.9%0.98−84.0%+156%0.51—
83
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Same or nearby category+27.8%26.0%1.08−88.0%+60.3%0.61—
84
DACDanaos Corporation · Marine Shipping
Same or nearby category+22.0%31.9%0.79−94.6%+474%0.44—
85
HWMHowmet Aerospace Inc. · Aerospace Components
Whole market+45.1%32.7%1.31−68.9%+928%0.38—
86
ATMPBarclays ETN+ Select MLP ETN · Energy Infrastructure
Whole market+21.7%21.5%1.02−70.3%+174%0.680.95%
87
GEGE Aerospace · Aerospace & Defense
Whole market+36.0%31.0%1.15−80.9%+135%0.37—
88
APGAPi Group Corporation · Engineering & Construction
Whole market+21.9%32.0%0.78−49.6%—0.43—
89
GVAGranite Construction Incorporated · Engineering & Construction
Whole market+23.3%30.6%0.84−84.7%+174%0.44—
90
ARLPAlliance Resource Partners, L.P. · Coal
Whole market+30.0%31.5%1.00−85.3%+179%0.38—
91
WWDWoodward, Inc. · Aerospace Components · Gas Turbines theme
Same or nearby category+22.4%32.5%0.79−60.6%+451%0.29—
92
IEOiShares U.S. Oil & Gas Exploration & Production ETF · Exploration & Production
Same or nearby category+21.2%29.9%0.80−75.0%+216%0.690.37%

BKR against its popular alternatives

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

How do BKR'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 BKR, which divides the map into what did better or worse on each measure.

Green points earned more than BKR 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%70.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityBKR: 19.5% a year, volatility 34.6%SPY (S&P 500): 12.5% a year, volatility 17.2%LNG: 23.4% a year, volatility 30.2%XOM: 27.5% a year, volatility 26.5%KMI: 20.1% a year, volatility 22.3%CVX: 19.7% a year, volatility 25.2%SLB: 10.3% a year, volatility 37.5%PTEN: 7.7% a year, volatility 54.6%HP: 5.8% a year, volatility 48.7%WHD: 7.2% a year, volatility 44.9%OII: 18.9% a year, volatility 50.7%HAL: 7.1% a year, volatility 39.4%NOV: 6.8% a year, volatility 41.4%RES: 3.6% a year, volatility 51.1%NBR: −8.4% a year, volatility 65.3%OIS: 4.0% a year, volatility 58.5%PUMP: −6.7% a year, volatility 61.8%CLB: −19.6% a year, volatility 53.6%LBRT: 1.8% a year, volatility 55.3%FET: 28.3% a year, volatility 51.0%FTI: 54.6% a year, volatility 41.2%WTTR: 24.9% a year, volatility 49.5%WFRD: 23.9% a year, volatility 50.2%BKRSPY (S&P 500)LNGXOMKMICVXSLBPTENHPWHDOIIHALRESNBROISPUMPCLBLBRTFETFTIWTTRWFRD10.0%20.0%30.0%40.0%50.0%60.0%70.0%−20.0%0.0%20.0%40.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityBKR: 19.5% a year, volatility 34.6%SPY (S&P 500): 12.5% a year, volatility 17.2%LNG: 23.4% a year, volatility 30.2%XOM: 27.5% a year, volatility 26.5%KMI: 20.1% a year, volatility 22.3%CVX: 19.7% a year, volatility 25.2%SLB: 10.3% a year, volatility 37.5%PTEN: 7.7% a year, volatility 54.6%HP: 5.8% a year, volatility 48.7%WHD: 7.2% a year, volatility 44.9%OII: 18.9% a year, volatility 50.7%HAL: 7.1% a year, volatility 39.4%NOV: 6.8% a year, volatility 41.4%RES: 3.6% a year, volatility 51.1%NBR: −8.4% a year, volatility 65.3%OIS: 4.0% a year, volatility 58.5%PUMP: −6.7% a year, volatility 61.8%CLB: −19.6% a year, volatility 53.6%LBRT: 1.8% a year, volatility 55.3%FET: 28.3% a year, volatility 51.0%FTI: 54.6% a year, volatility 41.2%WTTR: 24.9% a year, volatility 49.5%WFRD: 23.9% a year, volatility 50.2%BKRSPY (S&P 500)LNGXOMKMICVXSLBPTENHPOIIHALNOVNBROISCLBLBRTFETFTIWTTRWFRD
All figures
InvestmentAnnual returnVolatility
FTI TechnipFMC plc+54.6%41.2%
FET Forum Energy Technologies, Inc.+28.3%51.0%
XOM Exxonmobil Holdings Corporation+27.5%26.5%
WTTR Select Water Solutions, Inc.+24.9%49.5%
WFRD Weatherford International plc+23.9%50.2%
LNG Cheniere Energy, Inc.+23.4%30.2%
KMI Kinder Morgan, Inc.+20.1%22.3%
CVX Chevron Corporation+19.7%25.2%
BKR This pageBaker Hughes Company+19.5%34.6%
OII Oceaneering International, Inc.+18.9%50.7%
SPY S&P 500State Street SPDR S&P 500 ETF+12.5%17.2%
SLB Slb N.V.+10.3%37.5%
PTEN Patterson-UTI Energy, Inc.+7.7%54.6%
WHD Cactus, Inc.+7.2%44.9%
HAL Halliburton Company+7.1%39.4%
NOV NOV Inc.+6.8%41.4%
HP Helmerich & Payne, Inc.+5.8%48.7%
OIS Oil States International, Inc.+4.0%58.5%
RES RPC, Inc.+3.6%51.1%
LBRT Liberty Energy Inc.+1.8%55.3%
PUMP ProPetro Holding Corp.−6.7%61.8%
NBR Nabors Industries Ltd.−8.4%65.3%
CLB Core Laboratories N.V.−19.6%53.6%
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Has BKR consistently beaten its popular alternatives?

This section compares BKR 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 BKR helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than BKR 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
BKR Baker Hughes Company (this page)—−6.4%−4.9%−13.7%+15.0%+15.1%+64.7%+144%+236%34.6%0.69−73.5%—$53B—
LNG QualifiedCheniere Energy, Inc.5/5 short3/3 longAll-weather+5.1%+7.6%+12.0%+46.1%+29.1%+74.6%+187%+635%30.2%0.85−57.5%—$59B—
XOM QualifiedExxonmobil Holdings Corporation5/5 short2/3 long+12.3%+16.1%+20.8%+48.2%+59.8%+79.7%+236%+216%26.5%1.05−61.0%—$733B—
KMI QualifiedKinder Morgan, Inc.5/5 short2/3 long+7.8%+4.8%+8.0%+25.2%+27.2%+130%+150%+159%22.3%0.94−55.1%—$75B—
FET QualifiedForum Energy Technologies, Inc.5/5 short2/3 long+0.8%+41.1%+37.1%+113%+178%+260%+248%−80.6%51.0%0.74−99.4%—$922M—
FTI QualifiedTechnipFMC plc4/5 short2/3 long−5.6%−11.0%−7.4%+41.5%+78.7%+229%+784%+173%41.2%1.27−85.8%—$26B—
WTTR QualifiedSelect Water Solutions, Inc.3/5 short2/3 long−13.5%−17.6%+7.8%+60.3%+56.2%+153%+203%—49.5%0.70−89.5%—$2.3B—
CVX Oil & Gas IntegratedChevron Corporation5/5 short1/3 long+12.0%+18.5%+23.8%+49.4%+51.4%+59.9%+146%+243%25.2%0.84−55.8%—$448B—
WFRD Oil & Gas Equipment & ServicesWeatherford International plc2/5 short1/3 long−3.4%−6.5%−19.2%+1.2%+22.3%−9.8%+192%—50.2%0.68−95.5%—$5.8B—
SLB Oil & Gas Equipment & ServicesSlb N.V.5/5 short0/3 long−4.9%+4.5%−7.9%+25.3%+45.5%−9.0%+63.2%−19.4%37.5%0.45−84.5%—$74B—
PTEN Oil & Gas DrillingPatterson-UTI Energy, Inc.5/5 short0/3 long+1.8%+6.6%+6.7%+80.3%+94.5%−4.8%+44.8%−42.1%54.6%0.41−94.0%—$4.3B—
HP Oil & Gas DrillingHelmerich & Payne, Inc.4/5 short0/3 long−6.7%+6.0%+3.2%+26.5%+62.6%+1.9%+32.4%−10.3%48.7%0.36−81.9%—$3.7B—
WHD Oil & Gas Equipment & ServicesCactus, Inc.4/5 short0/3 long−9.0%+8.1%+12.0%+29.3%+61.7%+24.5%+41.8%—44.9%0.38−79.1%—$4.2B—
OII Oil & Gas Equipment & ServicesOceaneering International, Inc.3/5 short0/3 long−20.6%−18.6%−4.8%+47.4%+48.3%+48.1%+138%+40.7%50.7%0.60−93.3%—$3.6B—
HAL Oil & Gas Equipment & ServicesHalliburton Company3/5 short0/3 long+1.0%+0.9%−14.4%+13.7%+28.7%−14.7%+41.2%−17.2%39.4%0.37−91.5%—$28B—
NOV Oil & Gas Equipment & ServicesNOV Inc.3/5 short0/3 long−7.0%−7.3%−3.8%+16.4%+44.2%+2.0%+39.2%−42.2%41.4%0.37−83.3%—$6.7B—
RES Oil & Gas Equipment & ServicesRPC, Inc.3/5 short0/3 long+5.2%+1.3%−18.1%+11.3%+35.9%−26.0%+19.2%−61.8%51.1%0.32−92.3%—$1.3B—
NBR Oil & Gas DrillingNabors Industries Ltd.3/5 short0/3 long−6.7%−8.7%−10.1%+40.4%+86.6%−32.7%−35.5%−86.8%65.3%0.19−98.8%—$1.2B—
OIS Oil & Gas Equipment & ServicesOil States International, Inc.2/5 short0/3 long−2.3%−7.9%−25.1%+13.7%+29.7%+7.1%+21.4%−74.1%58.5%0.36−96.0%—$485M—
GEV Industrial - MachineryGE Vernova Inc.2/5 short0/3 long−12.9%−16.0%−26.6%+22.0%+43.9%—————−38.3%—$220B—
PUMP Oil & Gas Equipment & ServicesProPetro Holding Corp.1/5 short0/3 long−28.0%−46.9%−53.1%−26.5%+25.1%−31.8%−29.2%—61.8%0.19−93.9%—$887M—
CLB Oil & Gas Equipment & ServicesCore Laboratories N.V.0/5 short0/3 long−14.1%−21.3%−44.8%−44.4%−26.2%−58.8%−66.4%−90.1%53.6%-0.14−93.5%—$431M—
LBRT Oil & Gas Equipment & ServicesLiberty Energy Inc.0/5 short0/3 long−14.7%−38.6%−47.3%−17.7%+2.9%−21.4%+9.5%—55.3%0.31−90.0%—$2.5B—
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How did BKR do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where BKR ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with BKR 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 BKR; gray means the two finished within a fraction of a point. The rank row places BKR among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of BKR20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
BKR This pageBaker Hughes Company—+13.4%+23.2%+18.6%+26.0%+19.0%−15.2%+23.0%−30.4%+25.1%+43.7%−16.3%+3.0%+37.8%−14.4%−13.9%+43.8%+29.0%−59.9%+9.6%+24.0%+44.3%+35.2%+2.0%−9.8%−10.7%+102%+22.7%−58.8%+28.7%
Rank among alternativesTop quarter in 7 of 296 of 236 of 224 of 2220 of 2215 of 223 of 226 of 217 of 193 of 177 of 177 of 173 of 178 of 1714 of 1612 of 157 of 1511 of 1513 of 1511 of 157 of 1510 of 158 of 1513 of 1511 of 155 of 135 of 136 of 1311 of 139 of 13
SPY S&P 500State Street SPDR S&P 500 ETF15 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%
LNG Cheniere Energy, Inc.16 of 29−8.7%+27.2%+15.0%+49.3%+69.5%−1.7%+3.2%+9.9%+29.9%+11.2%−47.1%+63.3%+130%+116%+57.5%+128%−15.1%−91.3%+13.0%−22.4%+16.9%+444%+815%+28.0%−58.6%−16.1%−27.9%−51.5%−48.1%
XOM Exxonmobil Holdings Corporation14 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%
KMI Kinder Morgan, Inc.6 of 14+4.7%+64.4%+4.2%+21.2%+23.8%−30.8%+44.4%−11.1%−11.1%+42.7%−62.8%+23.2%+6.3%+13.0%———————————————
FET Forum Energy Technologies, Inc.4 of 13+139%−30.1%−24.9%+83.8%+34.9%−64.6%−59.3%−73.4%−29.3%+76.6%−39.9%−26.6%+14.2%————————————————
FTI TechnipFMC plc13 of 24+54.9%+44.7%+66.0%+106%−23.2%−55.3%+11.9%−36.4%−11.5%+22.4%−38.0%−10.3%+21.9%−18.0%+17.5%+53.8%+143%−55.7%+84.0%+43.6%+33.1%+38.4%+13.9%+24.1%—————
WTTR Select Water Solutions, Inc.4 of 8−18.3%+79.0%−15.7%+49.0%+51.9%−55.8%+46.8%−65.3%—————————————————————
CVX Chevron Corporation11 of 29+10.1%+1.3%−13.6%+58.5%+46.2%−25.9%+15.3%−9.7%+10.6%+36.7%−16.2%−7.0%+19.3%+5.1%+20.3%+22.9%+8.1%−18.3%+30.5%+33.7%+11.5%+25.6%+35.4%−23.2%+9.4%+0.6%+7.2%+11.1%+22.1%
WFRD Weatherford International plc3 of 6+11.1%−26.4%+92.1%+83.7%+362%−78.5%———————————————————————
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%
PTEN Patterson-UTI Energy, Inc.14 of 29−21.9%−21.1%−34.2%+102%+62.4%−48.9%+3.1%−54.6%−14.2%+79.9%−6.9%−33.5%+37.1%−5.5%−6.6%+42.1%+35.4%−39.0%−14.3%−28.7%+70.3%+18.5%+9.2%+29.3%−37.4%+186%+221%−79.0%+200%
HP Helmerich & Payne, Inc.13 of 29−6.3%−7.8%−23.2%+115%+6.3%−44.3%+0.5%−22.6%−12.2%+51.7%−17.2%−17.5%+52.9%−3.5%+20.9%+22.2%+76.4%−42.9%+64.7%−20.5%+83.2%+23.7%+1.1%+82.6%−23.2%+104%+13.7%−41.6%+31.6%
WHD Cactus, Inc.4 of 7−20.8%+29.7%−8.7%+33.0%+47.8%−22.8%+25.6%——————————————————————
OII Oceaneering International, Inc.14 of 29−7.9%+22.6%+21.7%+54.6%+42.3%−46.7%+23.2%−42.8%−23.7%−22.2%−34.7%−24.3%+48.3%+18.1%+26.5%+25.8%+101%−56.7%+69.6%+59.6%+33.3%+33.3%+13.2%+11.9%+13.7%+30.3%−0.3%−24.1%+24.2%
HAL Halliburton Company16 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%
NOV NOV Inc.13 of 29+11.2%−26.8%−1.8%+55.7%−0.8%−44.9%−1.7%−28.3%−3.3%+13.9%−46.7%−9.3%+17.8%+1.2%+1.7%+53.9%+85.0%−66.7%+140%−2.4%+77.8%+57.7%+2.5%+6.0%−46.7%+147%+40.2%−67.3%+122%
RES RPC, Inc.16 of 29−5.7%−16.3%−16.4%+96.4%+44.2%−39.9%−46.1%−60.2%+29.9%+66.3%−7.3%−25.3%+49.6%+5.3%+2.5%+164%+9.2%−14.8%−29.5%−3.1%+137%+131%−4.4%−33.3%+117%+158%−20.0%−36.6%+65.9%
NBR Nabors Industries Ltd.11 of 29−5.0%−30.0%−47.3%+91.0%+39.3%−58.6%+45.3%−69.3%−57.8%+96.9%−33.1%−22.8%+18.8%−16.7%−26.1%+7.2%+82.9%−56.3%−8.0%−21.4%+47.7%+23.6%+17.7%+2.7%−42.0%+91.2%+129%−57.3%+64.3%
OIS Oil States International, Inc.12 of 24+33.8%−25.5%−9.0%+50.1%−1.0%−69.2%+14.2%−49.5%−27.4%+43.1%−44.3%−15.9%+42.2%−6.3%+19.2%+63.1%+110%−45.2%+5.9%+1.8%+64.3%+38.3%+89.3%+41.8%—————
GEV GE Vernova Inc.1 of 1+99.0%————————————————————————————
PUMP ProPetro Holding Corp.1 of 8+1.9%+11.3%−19.2%+28.0%+9.6%−34.3%−8.7%−38.9%—————————————————————
CLB Core Laboratories N.V.14 of 29−7.1%−1.8%−12.7%−9.0%−15.8%−29.1%−34.3%−44.5%−6.8%+12.6%−7.8%−36.2%+76.3%−3.1%+29.3%+52.5%+100%−51.5%+54.0%+117%+60.0%+39.9%+47.1%−19.1%−48.6%+36.6%+4.5%+5.9%+115%
LBRT Liberty Energy Inc.2 of 7−5.0%+11.3%+14.8%+65.7%−5.9%−6.5%−12.6%——————————————————————
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Risk and diversification

How BKR 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 BKR's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents BKR's five deepest drawdowns since it began trading in 1987, 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 BKR fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringBKR fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Late-2018 sell-off−73.5%−2.9%Jul 2017Mar 20202.7 yearsMar 20222 years
2008 financial crisis−73.2%−43.4%Oct 2007Dec 200814 monthsJul 20178.6 years
No named crash−67.9%+27.8%Nov 1997Dec 199813 monthsSep 20045.8 years
No named crash−57.0%—Jul 1987Nov 19874 monthsNov 19892 years
No named crash−48.8%—Aug 1990Apr 199220 monthsMar 19963.9 years

How did BKR do in stock market crashes?

This section measures how far BKR, 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 BKR.

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
BKR This pageBaker Hughes Company—−10.5%−46.5%−55.2%−39.0%−14.6%−33.1%−44.2%−3.4%−73.2%−47.8%
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%
LNG Cheniere Energy, Inc.6 of 10−1.3%−17.8%−46.1%−21.3%−5.1%−66.5%−62.4%0.0%−97.7%−84.4%
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%
KMI Kinder Morgan, Inc.5 of 7−3.2%−20.3%−55.1%−19.8%−4.0%−64.4%−16.2%———
FET Forum Energy Technologies, Inc.2 of 6−5.7%−32.6%−84.0%−68.2%−28.1%−43.1%————
FTI TechnipFMC plc4 of 9−9.6%−36.7%−70.9%−42.7%−10.9%−35.8%−22.2%−4.0%−73.5%—
WTTR Select Water Solutions, Inc.2 of 5−14.0%−38.3%−69.3%−48.1%−8.1%—————
CVX Chevron Corporation10 of 10−2.6%−24.9%−51.0%−19.6%−5.3%−18.5%−17.2%−0.1%−43.8%−29.5%
WFRD Weatherford International plc0 of 3−15.1%−55.2%−80.0%———————
SLB Slb N.V.6 of 10−8.8%−36.8%−64.9%−43.6%−10.9%−27.1%−38.9%−3.8%−68.0%−59.8%
PTEN Patterson-UTI Energy, Inc.1 of 10−12.3%−44.9%−72.3%−46.0%−21.7%−35.7%−53.0%−3.2%−78.3%−71.1%
HP Helmerich & Payne, Inc.4 of 10−12.9%−33.7%−71.9%−37.7%−8.3%−30.4%−48.4%−4.5%−76.4%−59.3%
WHD Cactus, Inc.2 of 4−13.8%−43.4%−71.0%−37.7%——————
OII Oceaneering International, Inc.4 of 10−15.1%−58.0%−84.7%−61.2%−12.5%−43.4%−24.9%−1.7%−76.8%−46.9%
HAL Halliburton Company2 of 10−10.2%−45.5%−79.1%−40.0%−10.5%−32.7%−49.8%−4.3%−75.0%−82.8%
NOV NOV Inc.3 of 10−14.8%−35.5%−64.0%−46.2%−8.5%−36.3%−39.6%−4.7%−80.5%−68.2%
RES RPC, Inc.5 of 10−12.9%−53.5%−54.5%−43.0%−12.5%−31.5%−43.7%−6.1%−71.3%−49.7%
NBR Nabors Industries Ltd.1 of 10−13.5%−52.8%−86.0%−70.5%−14.5%−54.4%−57.4%−2.2%−82.9%−70.2%
OIS Oil States International, Inc.2 of 9−19.1%−58.4%−85.0%−60.1%−11.1%−31.7%−45.1%−3.0%−81.8%—
PUMP ProPetro Holding Corp.1 of 5−13.6%−54.7%−86.0%−40.4%−13.6%—————
CLB Core Laboratories N.V.5 of 10−13.2%−61.9%−75.6%−52.5%−7.8%−27.6%−24.8%−1.6%−65.4%−74.2%
LBRT Liberty Energy Inc.2 of 5−14.5%−40.1%−71.1%−43.5%−11.2%—————
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How closely does BKR 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 BKR 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 BKR's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
BKR This pageBaker Hughes Company127%160%0.791.37
LNG Cheniere Energy, Inc.79%30%2.650.77
XOM Exxonmobil Holdings Corporation78%83%0.940.76
CVX Chevron Corporation86%94%0.910.89
KMI Kinder Morgan, Inc.68%82%0.830.82
FTI TechnipFMC plc109%137%0.801.45
OII Oceaneering International, Inc.162%272%0.602.29
HP Helmerich & Payne, Inc.108%214%0.501.43
HAL Halliburton Company113%225%0.501.75
SLB Slb N.V.104%212%0.491.54
PTEN Patterson-UTI Energy, Inc.113%248%0.461.89
NOV NOV Inc.96%220%0.441.59
OIS Oil States International, Inc.134%338%0.402.46
FET Forum Energy Technologies, Inc.118%323%0.372.31
NBR Nabors Industries Ltd.125%357%0.352.28
RES RPC, Inc.56%172%0.331.38
CLB Core Laboratories N.V.95%329%0.292.14
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What diversifies BKR?

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 BKR's. Because such investments tend not to fall at the same time, pairing BKR 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 BKR lost money. The last two columns show a portfolio that is 80% BKR and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20202018201520122011200820022001199880/20 mix volatility80/20 mix annual return
BKR Baker Hughes Company (this page)1.00+144%0.69−15.2%−30.4%−16.3%−14.4%−13.9%−59.9%−9.8%−10.7%−58.8%38.3%+20.0%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.35+225%1.34+3.9%−19.8%+7.7%+19.6%−16.1%−20.8%———31.6%+22.6%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.41+83.6%0.95+2.1%−9.5%+4.1%+20.9%—————31.6%+19.9%
SMH TechnologyVanEck Semiconductor ETF0.15+304%0.94+55.5%−9.1%−0.3%+8.6%+6.8%−44.7%−47.0%−14.6%—32.5%+25.4%
GLD CommoditiesSPDR Gold Shares0.30+120%0.93+24.8%−1.9%−10.7%+6.6%+9.6%+4.9%———31.9%+20.9%
VLUE Broad MarketiShares MSCI USA Value Factor ETF0.48+112%0.91−0.2%−11.1%−4.1%——————32.8%+20.5%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.28+130%0.91+28.2%−0.9%———————32.1%+21.7%
EUFN InternationaliShares MSCI Europe Financials ETF0.42+130%0.88−8.5%−23.1%−4.7%+35.4%−26.6%————32.6%+21.3%
EWT TechnologyiShares MSCI Taiwan ETF0.23+147%0.87+31.5%−9.9%−12.9%+18.6%−21.8%−45.3%−24.4%+2.1%—32.2%+21.8%

Stocks

InvestmentCorrelation5Y returnSharpe20202018201520122011200820022001199880/20 mix volatility80/20 mix annual return
BKR Baker Hughes Company (this page)1.00+144%0.69−15.2%−30.4%−16.3%−14.4%−13.9%−59.9%−9.8%−10.7%−58.8%38.3%+20.0%
CAH Medical - DistributionCardinal Health, Inc.0.09+471%1.54+10.1%−24.5%+12.6%+3.8%+8.1%−39.6%−8.3%−2.5%+51.7%31.6%+25.3%
CLS Hardware, Equipment & PartsCelestica Inc.0.34+2,780%1.43−2.4%−16.3%−6.0%+11.2%−24.4%−20.5%−65.1%−25.6%—36.3%+37.7%
MCK Medical - DistributionMcKesson Corporation0.38+397%1.41+27.1%−28.4%−4.5%+25.6%+11.8%−40.4%−27.2%+4.9%+46.9%32.9%+24.1%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.31+1,452%1.41+6.7%+0.8%+67.7%+15.7%−17.0%−15.2%−9.4%+73.7%−9.5%34.5%+33.9%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.45+660%1.39−27.4%−8.2%+17.4%+94.3%—————34.1%+26.6%
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Common questions

What was BKR's worst drawdown?

BKR's deepest decline since it began trading in 1987 was 73.5%, from July 2017 to March 2020. It took 24 months from the low to climb back to its old high.

What were BKR's best and worst years?

Over 29 full calendar years, BKR's best year was 2000, when it returned 102%. Its worst was 2008, with a return of -59.9%.

Is there a better investment than BKR?

Among BKR's popular alternatives, XOM and LNG earned more than BKR with less volatility over the past 5 years. XOM returned 27.5% a year at 26.5% volatility, against 19.5% a year at 34.6%. Looking beyond its popular alternatives, E (integrated oil & gas) and SHEL (integrated oil & gas) earned more than BKR with less volatility over the past 5 years. E returned 23.7% a year at 25.6% volatility, against 19.5% a year at 34.6%.

Is BKR more volatile than the S&P 500?

Yes. BKR's volatility over the past 5 years was 34.6%, about twice the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BKR's return lands within 34.6% 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 BKR's Sharpe ratio?

BKR's Sharpe ratio over the past 5 years was 0.69, against 0.78 for the S&P 500, so BKR 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 BKR with the S&P 500?

Over the past 5 years, BKR's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against BKR instead: the lower it is, the more that option would diversify a BKR holding.

What are the best alternatives to BKR?

Of the 22 popular alternatives we compared, six outperformed BKR in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: LNG, XOM and KMI.

Did BKR outperform the S&P 500?

BKR finished ahead of the S&P 500 (SPY) in 14 of 29 full calendar years. In 2025, it returned +13.4%, against +17.7% for the index.

How did BKR do in stock market crashes?

BKR 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 2011 euro debt crisis, when BKR fell 44.2% and the S&P 500 fell 17.9%.

What diversifies BKR?

These had a low correlation with BKR over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.35), DBEF (correlation 0.41) and SMH (correlation 0.15); among large stocks, CAH (correlation 0.09), CLS (correlation 0.34) and MCK (correlation 0.38). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to BKR

Other stocks and ETFs