ATO vs. MO
ATO (Atmos Energy Corporation) and MO (Altria Group, Inc.) are both stocks. ATO operates in Utilities - Regulated Gas (Utilities), while MO operates in Tobacco (Consumer Defensive). Over the past 10 years, ATO returned 10.94%/yr vs 7.93%/yr for MO. At a 0.24 correlation, their price movements are largely independent.
Performance
ATO vs. MO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ATO achieves a 2.53% return, which is significantly lower than MO's 26.86% return. Over the past 10 years, ATO has outperformed MO with an annualized return of 10.94%, while MO has yielded a comparatively lower 7.93% annualized return.
ATO
- 1D
- 1.03%
- 1M
- -5.02%
- YTD
- 2.53%
- 6M
- 2.08%
- 1Y
- 12.47%
- 3Y*
- 15.86%
- 5Y*
- 13.58%
- 10Y*
- 10.94%
MO
- 1D
- 0.74%
- 1M
- 0.56%
- YTD
- 26.86%
- 6M
- 26.78%
- 1Y
- 28.51%
- 3Y*
- 25.73%
- 5Y*
- 16.36%
- 10Y*
- 7.93%
ATO vs. MO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATO Atmos Energy Corporation | 2.53% | 23.07% | 23.35% | 6.17% | 9.63% | 12.75% | -12.73% | 23.14% | 10.39% | 18.41% |
MO Altria Group, Inc. | 26.86% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
Correlation
The correlation between ATO and MO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.24 |
The correlation between ATO and MO shifts across timeframes, from 0.24 (all time) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ATO:
$28.52B
MO:
$120.36B
ATO:
$8.23
MO:
$4.79
ATO:
20.66
MO:
15.00
ATO:
2.03
MO:
0.32
ATO:
5.70
MO:
5.54
ATO:
$4.88B
MO:
$21.82B
ATO:
$1.61B
MO:
$14.80B
ATO:
$2.57B
MO:
$11.70B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ATO vs. MO — Risk / Return Rank
ATO
MO
ATO vs. MO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Atmos Energy Corporation (ATO) and Altria Group, Inc. (MO). 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.
| ATO | MO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.75 | -0.75 |
| Martin ratioReturn relative to average drawdown | 2.99 | 4.39 | -1.40 |
Loading charts...
Drawdowns
ATO vs. MO - Drawdown Comparison
The maximum ATO drawdown since its inception was -51.94%, smaller than the maximum MO drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for ATO and MO.
Loading charts...
Drawdown Indicators
| ATO | MO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -65.43% | +13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -16.40% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -16.40% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.08% | -25.83% | +6.75% |
Max Drawdown (10Y)Largest decline over 10 years | -32.91% | -53.69% | +20.78% |
Current DrawdownCurrent decline from peak | -11.11% | -3.50% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -11.92% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 6.50% | -2.32% |
Volatility
ATO vs. MO - Volatility Comparison
The current volatility for Atmos Energy Corporation (ATO) is 5.26%, while Altria Group, Inc. (MO) has a volatility of 6.71%. This indicates that ATO experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ATO | MO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 6.71% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 17.60% | -6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 22.59% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 20.68% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.24% | 22.97% | -1.73% |
Dividends
ATO vs. MO - Dividend Comparison
ATO's dividend yield for the trailing twelve months is around 2.28%, less than MO's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATO Atmos Energy Corporation | 2.28% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% |
MO Altria Group, Inc. | 5.84% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Financials
ATO vs. MO - Financials Comparison
This section allows you to compare key financial metrics between Atmos Energy Corporation and Altria Group, 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
ATO vs. MO - Profitability Comparison
ATO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a gross profit of 0.00 and revenue of 1.96B. Therefore, the gross margin over that period was 0.0%.
MO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a gross profit of 3.51B and revenue of 5.43B. Therefore, the gross margin over that period was 64.6%.
ATO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported an operating income of 764.80M and revenue of 1.96B, resulting in an operating margin of 39.0%.
MO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported an operating income of 2.96B and revenue of 5.43B, resulting in an operating margin of 54.5%.
ATO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a net income of 581.90M and revenue of 1.96B, resulting in a net margin of 29.7%.
MO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a net income of 2.18B and revenue of 5.43B, resulting in a net margin of 40.2%.
Frequently Asked Questions
ATO and MO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MO has higher volatility (6.71%) compared to ATO (5.26%). In terms of maximum drawdown, ATO dropped -51.94% vs MO's -65.43%.
MO currently has the higher Sharpe Ratio (1.27 vs 0.81), 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.
Find the right allocation for ATO and MO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer