Correlation
The correlation between ALE and NEE is 0.44, 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.
ALE vs. NEE
Compare and contrast key facts about ALLETE, Inc. (ALE) and NextEra Energy, Inc. (NEE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALE or NEE.
Performance
ALE vs. NEE - Performance Comparison
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Key characteristics
ALE:
1.60
NEE:
-0.25
ALE:
2.11
NEE:
-0.15
ALE:
1.26
NEE:
0.98
ALE:
0.54
NEE:
-0.29
ALE:
10.70
NEE:
-0.58
ALE:
0.74%
NEE:
12.75%
ALE:
5.69%
NEE:
29.59%
ALE:
-74.12%
NEE:
-47.81%
ALE:
-6.08%
NEE:
-19.48%
Fundamentals
ALE:
$3.78B
NEE:
$140.07B
ALE:
$3.19
NEE:
$2.63
ALE:
20.38
NEE:
25.56
ALE:
2.77
NEE:
2.54
ALE:
2.48
NEE:
5.54
ALE:
1.32
NEE:
2.78
ALE:
$1.53B
NEE:
$25.27B
ALE:
$440.30M
NEE:
$17.71B
ALE:
$466.70M
NEE:
$10.19B
Returns By Period
In the year-to-date period, ALE achieves a 2.46% return, which is significantly higher than NEE's -2.97% return. Over the past 10 years, ALE has underperformed NEE with an annualized return of 6.54%, while NEE has yielded a comparatively higher 13.08% annualized return.
ALE
2.46%
0.61%
2.34%
9.03%
6.27%
6.54%
6.54%
NEE
-2.97%
2.59%
-11.41%
-7.49%
-1.35%
4.03%
13.08%
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Risk-Adjusted Performance
ALE vs. NEE — Risk-Adjusted Performance Rank
ALE
NEE
ALE vs. NEE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALLETE, Inc. (ALE) and NextEra Energy, Inc. (NEE). 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.
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Dividends
ALE vs. NEE - Dividend Comparison
ALE's dividend yield for the trailing twelve months is around 4.42%, more than NEE's 3.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALE ALLETE, Inc. | 4.42% | 4.35% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% |
NEE NextEra Energy, Inc. | 3.06% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% | 2.73% |
Drawdowns
ALE vs. NEE - Drawdown Comparison
The maximum ALE drawdown since its inception was -74.12%, which is greater than NEE's maximum drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for ALE and NEE.
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Volatility
ALE vs. NEE - Volatility Comparison
The current volatility for ALLETE, Inc. (ALE) is 1.12%, while NextEra Energy, Inc. (NEE) has a volatility of 10.94%. This indicates that ALE experiences smaller price fluctuations and is considered to be less risky than NEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ALE vs. NEE - Financials Comparison
This section allows you to compare key financial metrics between ALLETE, Inc. and NextEra Energy, 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
ALE vs. NEE - Profitability Comparison
ALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, ALLETE, Inc. reported a gross profit of 140.30M and revenue of 400.20M. Therefore, the gross margin over that period was 35.1%.
NEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, NextEra Energy, Inc. reported a gross profit of 6.25B and revenue of 6.25B. Therefore, the gross margin over that period was 100.0%.
ALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, ALLETE, Inc. reported an operating income of 53.00M and revenue of 400.20M, resulting in an operating margin of 13.2%.
NEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, NextEra Energy, Inc. reported an operating income of 2.26B and revenue of 6.25B, resulting in an operating margin of 36.1%.
ALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, ALLETE, Inc. reported a net income of 56.10M and revenue of 400.20M, resulting in a net margin of 14.0%.
NEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, NextEra Energy, Inc. reported a net income of 833.00M and revenue of 6.25B, resulting in a net margin of 13.3%.