AEP vs. PCG

Last updated Apr 2, 2026

Compare and contrast key facts about American Electric Power Company, Inc. (AEP) and PG&E Corporation (PCG).

Performance

AEP vs. PCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Electric Power Company, Inc. (AEP) and PG&E Corporation (PCG). The values are adjusted to include any dividend payments, if applicable.

AEP vs. PCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEP American Electric Power Company, Inc.	15.09%	29.38%	18.18%	-10.98%	10.38%	10.68%	-9.01%	30.52%	5.38%	20.95%
PCG PG&E Corporation	10.77%	-19.72%	12.25%	10.95%	33.94%	-2.57%	14.63%	-54.23%	-47.02%	-24.51%

Fundamentals

Market Cap AEP : $68.50B PCG : $39.09B
EPS AEP : $6.74 PCG : $1.21
PE Ratio AEP : 19.55 PCG : 14.64
PS Ratio AEP : 3.21 PCG : 1.59
PB Ratio AEP : 2.20 PCG : 1.26
Total Revenue (TTM) AEP : $21.78B PCG : $24.94B
Gross Profit (TTM) AEP : $6.93B PCG : $7.28B
EBITDA (TTM) AEP : $8.79B PCG : $10.25B

Returns By Period

In the year-to-date period, AEP achieves a 15.09% return, which is significantly higher than PCG's 10.77% return. Over the past 10 years, AEP has outperformed PCG with an annualized return of 10.82%, while PCG has yielded a comparatively lower -10.90% annualized return.

AEP

• 1D: 0.45%
• 1M: -1.22%
• YTD: 15.09%
• 6M: 18.63%
• 1Y: 25.55%
• 3Y*: 17.44%
• 5Y*: 13.05%
• 10Y*: 10.82%

PCG

• 1D: 1.02%
• 1M: -6.85%
• YTD: 10.77%
• 6M: 14.03%
• 1Y: 3.75%
• 3Y*: 3.65%
• 5Y*: 9.38%
• 10Y*: -10.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AEP vs. PCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEP

AEP Risk / Return Rank: 80
AEP Sharpe Ratio Rank: 82
AEP Sortino Ratio Rank: 79
AEP Omega Ratio Rank: 76
AEP Calmar Ratio Rank: 83
AEP Martin Ratio Rank: 81

PCG

PCG Risk / Return Rank: 42
PCG Sharpe Ratio Rank: 45
PCG Sortino Ratio Rank: 38
PCG Omega Ratio Rank: 37
PCG Calmar Ratio Rank: 44
PCG Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEP vs. PCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Electric Power Company, Inc. (AEP) and PG&E Corporation (PCG). 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.

	AEP	PCG	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.13	+1.26
Sortino ratio Return per unit of downside risk	2.07	0.39	+1.68
Omega ratio Gain probability vs. loss probability	1.26	1.05	+0.21
Calmar ratio Return relative to maximum drawdown	2.78	0.16	+2.62
Martin ratio Return relative to average drawdown	6.29	0.33	+5.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEP vs. PCG - Sharpe Ratio Comparison

The current AEP Sharpe Ratio is 1.40, which is higher than the PCG Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of AEP and PCG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AEP	PCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.13	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.34	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	-0.18	+0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.08	+0.21

Correlation

The correlation between AEP and PCG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AEP vs. PCG - Dividend Comparison

AEP's dividend yield for the trailing twelve months is around 2.86%, more than PCG's 0.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEP American Electric Power Company, Inc.	2.86%	3.24%	3.87%	4.15%	3.34%	3.37%	3.41%	2.87%	3.39%	3.25%	3.61%	3.69%
PCG PG&E Corporation	0.85%	0.78%	0.27%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	3.46%	3.17%	3.42%

Drawdowns

AEP vs. PCG - Drawdown Comparison

The maximum AEP drawdown since its inception was -62.75%, smaller than the maximum PCG drawdown of -94.65%. Use the drawdown chart below to compare losses from any high point for AEP and PCG.

Drawdown Indicators

	AEP	PCG	Difference
Max Drawdown Largest peak-to-trough decline	-62.75%	-94.65%	+31.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-27.12%	+18.28%
Max Drawdown (5Y) Largest decline over 5 years	-29.56%	-39.63%	+10.07%
Max Drawdown (10Y) Largest decline over 10 years	-32.91%	-94.65%	+61.74%
Current Drawdown Current decline from peak	-1.85%	-74.64%	+72.79%
Average Drawdown Average peak-to-trough decline	-17.60%	-26.33%	+8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	12.99%	-9.09%

Volatility

AEP vs. PCG - Volatility Comparison

The current volatility for American Electric Power Company, Inc. (AEP) is 5.01%, while PG&E Corporation (PCG) has a volatility of 7.28%. This indicates that AEP experiences smaller price fluctuations and is considered to be less risky than PCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEP	PCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	7.28%	-2.27%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	17.69%	-4.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	28.29%	-9.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	28.08%	-8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.89%	59.45%	-38.56%

Financials

AEP vs. PCG - Profitability Comparison

The chart below illustrates the profitability comparison between American Electric Power Company, Inc. and PG&E Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, American Electric Power Company, Inc. reported a gross profit of 459.00M and revenue of 5.05B. Therefore, the gross margin over that period was 9.1%.

PCG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PG&E Corporation reported a gross profit of 1.22B and revenue of 6.80B. Therefore, the gross margin over that period was 18.0%.

AEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, American Electric Power Company, Inc. reported an operating income of 920.90M and revenue of 5.05B, resulting in an operating margin of 18.3%.

PCG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PG&E Corporation reported an operating income of 1.22B and revenue of 6.80B, resulting in an operating margin of 18.0%.

AEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, American Electric Power Company, Inc. reported a net income of 582.00M and revenue of 5.05B, resulting in a net margin of 11.5%.

PCG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PG&E Corporation reported a net income of 670.00M and revenue of 6.80B, resulting in a net margin of 9.9%.