CEG vs. XEL
CEG (Constellation Energy Corp) and XEL (Xcel Energy Inc.) are both stocks. Both are in the Utilities sector — CEG in Utilities - Renewable, XEL in Utilities - Regulated Electric. Over the past 3 years, CEG returned 46.05%/yr vs 10.75%/yr for XEL. At a 0.18 correlation, their price movements are largely independent.
Performance
CEG vs. XEL - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -24.13% return, which is significantly lower than XEL's 5.55% return.
CEG
- 1D
- -1.98%
- 1M
- -16.63%
- YTD
- -24.13%
- 6M
- -25.81%
- 1Y
- -14.18%
- 3Y*
- 46.05%
- 5Y*
- —
- 10Y*
- —
XEL
- 1D
- -0.62%
- 1M
- -4.66%
- YTD
- 5.55%
- 6M
- 0.22%
- 1Y
- 15.16%
- 3Y*
- 10.75%
- 5Y*
- 5.29%
- 10Y*
- 9.57%
CEG vs. XEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -24.13% | 58.80% | 92.71% | 37.24% | 64.11% |
XEL Xcel Energy Inc. | 5.55% | 13.89% | 12.32% | -8.67% | 3.55% |
Correlation
The correlation between CEG and XEL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022 | 0.18 |
The correlation between CEG and XEL shifts across timeframes, from 0.07 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CEG:
$94.60B
XEL:
$48.45B
CEG:
$8.13
XEL:
$3.50
CEG:
32.88
XEL:
22.09
CEG:
0.57
XEL:
5.69
CEG:
3.49
XEL:
3.12
CEG:
2.83
XEL:
2.04
CEG:
$24.82B
XEL:
$14.78B
CEG:
$20.98B
XEL:
$1.88B
CEG:
$5.87B
XEL:
$6.26B
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Return for Risk
CEG vs. XEL — Risk / Return Rank
CEG
XEL
CEG vs. XEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) and Xcel Energy Inc. (XEL). 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.
| CEG | XEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.32 | -1.69 |
| Martin ratioReturn relative to average drawdown | -0.77 | 3.51 | -4.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEG | XEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 0.80 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.41 | +0.54 |
Drawdowns
CEG vs. XEL - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, smaller than the maximum XEL drawdown of -80.64%. Use the drawdown chart below to compare losses from any high point for CEG and XEL.
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Drawdown Indicators
| CEG | XEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -80.64% | +29.94% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -11.50% | -27.27% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -24.42% | -26.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.41% | — |
Current DrawdownCurrent decline from peak | -33.58% | -7.09% | -26.49% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -11.32% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 4.34% | +14.04% |
Volatility
CEG vs. XEL - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 15.69% compared to Xcel Energy Inc. (XEL) at 6.69%. This indicates that CEG's price experiences larger fluctuations and is considered to be riskier than XEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEG | XEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 6.69% | +9.00% |
Volatility (6M)Calculated over the trailing 6-month period | 37.36% | 14.41% | +22.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.71% | 19.03% | +27.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 20.80% | +28.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 21.68% | +27.70% |
Dividends
CEG vs. XEL - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.61%, less than XEL's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.61% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEL Xcel Energy Inc. | 2.98% | 3.83% | 2.43% | 3.36% | 2.78% | 2.70% | 2.58% | 2.55% | 3.09% | 2.99% | 3.34% | 3.56% |
Financials
CEG vs. XEL - Financials Comparison
This section allows you to compare key financial metrics between Constellation Energy Corp and Xcel 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
CEG vs. XEL - Profitability Comparison
CEG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a gross profit of 2.48B and revenue of 6.07B. Therefore, the gross margin over that period was 40.8%.
XEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported a gross profit of 0.00 and revenue of 4.02B. Therefore, the gross margin over that period was 0.0%.
CEG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported an operating income of 598.00M and revenue of 6.07B, resulting in an operating margin of 9.9%.
XEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported an operating income of 754.00M and revenue of 4.02B, resulting in an operating margin of 18.8%.
CEG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a net income of 432.00M and revenue of 6.07B, resulting in a net margin of 7.1%.
XEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported a net income of 556.00M and revenue of 4.02B, resulting in a net margin of 13.8%.
Frequently Asked Questions
CEG and XEL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.69%) compared to XEL (6.69%). In terms of maximum drawdown, CEG dropped -50.70% vs XEL's -80.64%.
XEL currently has the higher Sharpe Ratio (0.80 vs -0.30), 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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