AEE vs. AEP
AEE (Ameren Corporation) and AEP (American Electric Power Company, Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, AEE returned 10.97%/yr vs 10.65%/yr for AEP. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
AEE vs. AEP - Performance Comparison
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Returns By Period
In the year-to-date period, AEE achieves a 11.38% return, which is significantly lower than AEP's 14.72% return. Both investments have delivered pretty close results over the past 10 years, with AEE having a 10.97% annualized return and AEP not far behind at 10.65%.
AEE
- 1D
- 0.95%
- 1M
- -0.73%
- YTD
- 11.38%
- 6M
- 11.83%
- 1Y
- 19.15%
- 3Y*
- 14.19%
- 5Y*
- 9.23%
- 10Y*
- 10.97%
AEP
- 1D
- 2.04%
- 1M
- -0.98%
- YTD
- 14.72%
- 6M
- 15.41%
- 1Y
- 32.11%
- 3Y*
- 20.36%
- 5Y*
- 13.56%
- 10Y*
- 10.65%
AEE vs. AEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEE Ameren Corporation | 11.38% | 15.31% | 27.47% | -16.07% | 2.54% | 17.09% | 4.26% | 20.82% | 13.99% | 15.93% |
AEP American Electric Power Company, Inc. | 14.72% | 29.38% | 18.18% | -10.98% | 10.38% | 10.68% | -9.01% | 30.52% | 5.38% | 20.95% |
Correlation
The correlation between AEE and AEP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.73 |
The correlation between AEE and AEP has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
Fundamentals
AEE:
$30.54B
AEP:
$71.28B
AEE:
$5.57
AEP:
$6.82
AEE:
19.71
AEP:
19.09
AEE:
2.21
AEP:
2.15
AEE:
3.38
AEP:
3.15
AEE:
2.25
AEP:
2.24
AEE:
$8.88B
AEP:
$22.16B
AEE:
$2.42B
AEP:
$8.95B
AEE:
$4.00B
AEP:
$8.70B
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Return for Risk
AEE vs. AEP — Risk / Return Rank
AEE
AEP
AEE vs. AEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ameren Corporation (AEE) and American Electric Power Company, Inc. (AEP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AEE | AEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.55 | -1.17 |
| Martin ratioReturn relative to average drawdown | 6.05 | 8.69 | -2.64 |
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Drawdowns
AEE vs. AEP - Drawdown Comparison
The maximum AEE drawdown since its inception was -60.57%, roughly equal to the maximum AEP drawdown of -62.75%. Use the drawdown chart below to compare losses from any high point for AEE and AEP.
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Drawdown Indicators
| AEE | AEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.57% | -62.75% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -9.09% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -18.04% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.46% | -29.56% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | -32.91% | +3.82% |
Current DrawdownCurrent decline from peak | -3.36% | -4.30% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -17.54% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.70% | -0.53% |
Volatility
AEE vs. AEP - Volatility Comparison
Ameren Corporation (AEE) and American Electric Power Company, Inc. (AEP) have volatilities of 5.95% and 5.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEE | AEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 5.82% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 13.41% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 18.43% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 20.00% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.82% | 20.99% | +0.83% |
Dividends
AEE vs. AEP - Dividend Comparison
AEE's dividend yield for the trailing twelve months is around 2.66%, less than AEP's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEE Ameren Corporation | 2.66% | 2.84% | 3.01% | 3.48% | 2.65% | 2.47% | 2.56% | 2.50% | 2.83% | 3.01% | 4.08% | 3.83% |
AEP American Electric Power Company, Inc. | 2.90% | 3.24% | 3.87% | 4.15% | 3.34% | 3.37% | 3.41% | 2.87% | 3.39% | 3.25% | 3.61% | 3.69% |
Financials
AEE vs. AEP - Financials Comparison
This section allows you to compare key financial metrics between Ameren Corporation and American Electric Power Company, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AEE vs. AEP - Profitability Comparison
AEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ameren Corporation reported a gross profit of 0.00 and revenue of 2.18B. Therefore, the gross margin over that period was 0.0%.
AEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Electric Power Company, Inc. reported a gross profit of 3.90B and revenue of 6.02B. Therefore, the gross margin over that period was 64.8%.
AEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ameren Corporation reported an operating income of 532.00M and revenue of 2.18B, resulting in an operating margin of 24.5%.
AEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Electric Power Company, Inc. reported an operating income of 1.36B and revenue of 6.02B, resulting in an operating margin of 22.6%.
AEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ameren Corporation reported a net income of 357.00M and revenue of 2.18B, resulting in a net margin of 16.4%.
AEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Electric Power Company, Inc. reported a net income of 874.00M and revenue of 6.02B, resulting in a net margin of 14.5%.
Frequently Asked Questions
AEE and AEP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEE has higher volatility (5.95%) compared to AEP (5.82%). In terms of maximum drawdown, AEE dropped -60.57% vs AEP's -62.75%.
AEP currently has the higher Sharpe Ratio (1.75 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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