ALE vs. MGEE

Last updated Apr 2, 2026

Compare and contrast key facts about ALLETE, Inc. (ALE) and MGE Energy, Inc. (MGEE).

Performance

ALE vs. MGEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALLETE, Inc. (ALE) and MGE Energy, Inc. (MGEE). The values are adjusted to include any dividend payments, if applicable.

ALE vs. MGEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALE ALLETE, Inc.	0.00%	8.35%	10.89%	-0.65%	1.49%	11.19%	-20.47%	9.62%	5.60%	19.38%
MGEE MGE Energy, Inc.	-0.33%	-14.75%	32.80%	5.10%	-12.57%	19.90%	-9.30%	34.04%	-2.90%	-1.48%

Fundamentals

EPS ALE : $2.85 MGEE : $3.68
PE Ratio ALE : 23.83 MGEE : 21.11
PEG Ratio ALE : 198.23 MGEE : 3.35
PS Ratio ALE : 2.63 MGEE : 3.92
Total Revenue (TTM) ALE : $1.50B MGEE : $725.52M
Gross Profit (TTM) ALE : $416.20M MGEE : $407.22M
EBITDA (TTM) ALE : $474.50M MGEE : $300.05M

Returns By Period

Over the past 10 years, ALE has underperformed MGEE with an annualized return of 5.71%, while MGEE has yielded a comparatively higher 6.40% annualized return.

ALE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 1.81%
• 1Y: 6.61%
• 3Y*: 5.76%
• 5Y*: 4.17%
• 10Y*: 5.71%

MGEE

• 1D: 0.54%
• 1M: -5.06%
• YTD: -0.33%
• 6M: -5.36%
• 1Y: -14.50%
• 3Y*: 2.24%
• 5Y*: 3.95%
• 10Y*: 6.40%

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

Return for Risk

ALE vs. MGEE — Risk / Return Rank

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

ALE

ALE Risk / Return Rank: 79
ALE Sharpe Ratio Rank: 78
ALE Sortino Ratio Rank: 84
ALE Omega Ratio Rank: 85
ALE Calmar Ratio Rank: 69
ALE Martin Ratio Rank: 80

MGEE

MGEE Risk / Return Rank: 12
MGEE Sharpe Ratio Rank: 9
MGEE Sortino Ratio Rank: 11
MGEE Omega Ratio Rank: 13
MGEE Calmar Ratio Rank: 16
MGEE Martin Ratio Rank: 11

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.

ALE vs. MGEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALLETE, Inc. (ALE) and MGE Energy, Inc. (MGEE). 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.

	ALE	MGEE	Difference
Sharpe ratio Return per unit of total volatility	1.24	-0.77	+2.00
Sortino ratio Return per unit of downside risk	2.42	-1.00	+3.42
Omega ratio Gain probability vs. loss probability	1.34	0.89	+0.45
Calmar ratio Return relative to maximum drawdown	1.40	-0.70	+2.10
Martin ratio Return relative to average drawdown	6.03	-1.43	+7.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALE vs. MGEE - Sharpe Ratio Comparison

The current ALE Sharpe Ratio is 1.24, which is higher than the MGEE Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of ALE and MGEE, 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

	ALE	MGEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	-0.77	+2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.17	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.24	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.39	+0.01

Correlation

The correlation between ALE and MGEE is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ALE vs. MGEE - Dividend Comparison

ALE's dividend yield for the trailing twelve months is around 2.15%, less than MGEE's 2.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALE ALLETE, Inc.	2.15%	3.23%	4.35%	4.43%	4.03%	3.80%	3.99%	2.90%	2.94%	2.88%	3.24%	3.97%
MGEE MGE Energy, Inc.	2.41%	2.36%	1.87%	2.31%	2.26%	1.84%	2.06%	1.75%	2.20%	2.00%	1.85%	2.49%

Drawdowns

ALE vs. MGEE - Drawdown Comparison

The maximum ALE drawdown since its inception was -48.82%, which is greater than MGEE's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for ALE and MGEE.

Drawdown Indicators

	ALE	MGEE	Difference
Max Drawdown Largest peak-to-trough decline	-48.82%	-33.91%	-14.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.96%	-20.77%	+15.81%
Max Drawdown (5Y) Largest decline over 5 years	-30.13%	-30.88%	+0.75%
Max Drawdown (10Y) Largest decline over 10 years	-42.22%	-33.91%	-8.31%
Current Drawdown Current decline from peak	-0.66%	-25.87%	+25.21%
Average Drawdown Average peak-to-trough decline	-12.11%	-7.54%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	10.20%	-9.05%

Volatility

ALE vs. MGEE - Volatility Comparison

The current volatility for ALLETE, Inc. (ALE) is 0.00%, while MGE Energy, Inc. (MGEE) has a volatility of 7.75%. This indicates that ALE experiences smaller price fluctuations and is considered to be less risky than MGEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALE	MGEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	7.75%	-7.75%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	13.40%	-9.04%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	18.96%	-12.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.87%	22.96%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.00%	27.31%	-3.31%

Financials

ALE vs. MGEE - Profitability Comparison

The chart below illustrates the profitability comparison between ALLETE, Inc. and MGE Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported a gross profit of 46.20M and revenue of 375.00M. Therefore, the gross margin over that period was 12.3%.

MGEE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MGE Energy, Inc. reported a gross profit of 58.20M and revenue of 175.68M. Therefore, the gross margin over that period was 33.1%.

ALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported an operating income of 29.60M and revenue of 375.00M, resulting in an operating margin of 7.9%.

MGEE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MGE Energy, Inc. reported an operating income of 52.08M and revenue of 175.68M, resulting in an operating margin of 29.7%.

ALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported a net income of 27.10M and revenue of 375.00M, resulting in a net margin of 7.2%.

MGEE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MGE Energy, Inc. reported a net income of 44.50M and revenue of 175.68M, resulting in a net margin of 25.3%.