CMS vs. DTE
CMS (CMS Energy Corporation) and DTE (DTE Energy Company) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, CMS returned 8.30%/yr vs 9.58%/yr for DTE. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CMS vs. DTE - Performance Comparison
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Returns By Period
In the year-to-date period, CMS achieves a 1.95% return, which is significantly lower than DTE's 10.81% return. Over the past 10 years, CMS has underperformed DTE with an annualized return of 8.30%, while DTE has yielded a comparatively higher 9.58% annualized return.
CMS
- 1D
- -2.27%
- 1M
- -6.51%
- YTD
- 1.95%
- 6M
- -1.24%
- 1Y
- 2.03%
- 3Y*
- 9.79%
- 5Y*
- 5.66%
- 10Y*
- 8.30%
DTE
- 1D
- -0.59%
- 1M
- -3.35%
- YTD
- 10.81%
- 6M
- 8.29%
- 1Y
- 8.11%
- 3Y*
- 13.03%
- 5Y*
- 7.40%
- 10Y*
- 9.58%
CMS vs. DTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMS CMS Energy Corporation | 1.95% | 8.13% | 18.60% | -5.21% | 0.84% | 9.71% | -0.32% | 30.04% | 8.25% | 17.03% |
DTE DTE Energy Company | 10.81% | 10.42% | 13.49% | -2.81% | 1.23% | 19.35% | -2.86% | 21.38% | 4.21% | 14.59% |
Correlation
The correlation between CMS and DTE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1985 | 0.53 |
Over the past year, CMS and DTE have become more correlated (0.84) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
CMS:
$4.92
DTE:
$4.92
CMS:
14.27
DTE:
28.84
CMS:
1.79
DTE:
1.80
CMS:
$8.82B
DTE:
$16.33B
CMS:
$4.16B
DTE:
$9.07B
CMS:
$3.09B
DTE:
$4.15B
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Return for Risk
CMS vs. DTE — Risk / Return Rank
CMS
DTE
CMS vs. DTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CMS Energy Corporation (CMS) and DTE Energy Company (DTE). 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.
| CMS | DTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.10 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.80 | -0.63 |
| Martin ratioReturn relative to average drawdown | 0.49 | 1.87 | -1.38 |
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
| CMS | DTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.51 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.40 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.43 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.35 | -0.01 |
Drawdowns
CMS vs. DTE - Drawdown Comparison
The maximum CMS drawdown since its inception was -91.20%, which is greater than DTE's maximum drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for CMS and DTE.
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Drawdown Indicators
| CMS | DTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.20% | -67.92% | -23.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -10.13% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -19.61% | -17.97% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -28.93% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -29.55% | -42.45% | +12.90% |
Current DrawdownCurrent decline from peak | -11.48% | -6.51% | -4.97% |
Average DrawdownAverage peak-to-trough decline | -27.36% | -17.23% | -10.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 4.34% | -0.18% |
Volatility
CMS vs. DTE - Volatility Comparison
CMS Energy Corporation (CMS) and DTE Energy Company (DTE) have volatilities of 5.86% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMS | DTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 5.91% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 12.48% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 16.11% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 18.80% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.68% | 22.30% | -1.62% |
Dividends
CMS vs. DTE - Dividend Comparison
CMS's dividend yield for the trailing twelve months is around 3.17%, which matches DTE's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMS CMS Energy Corporation | 3.17% | 3.10% | 3.09% | 3.36% | 3.62% | 2.67% | 2.67% | 2.43% | 2.88% | 2.81% | 2.98% | 3.22% |
DTE DTE Energy Company | 3.18% | 3.44% | 3.44% | 3.52% | 3.07% | 2.98% | 3.40% | 2.96% | 3.26% | 3.07% | 3.10% | 3.54% |
Financials
CMS vs. DTE - Financials Comparison
This section allows you to compare key financial metrics between CMS Energy Corporation and DTE Energy Company. 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
CMS vs. DTE - Profitability Comparison
CMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CMS Energy Corporation reported a gross profit of 0.00 and revenue of 2.73B. Therefore, the gross margin over that period was 0.0%.
DTE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DTE Energy Company reported a gross profit of 4.41B and revenue of 5.14B. Therefore, the gross margin over that period was 85.7%.
CMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CMS Energy Corporation reported an operating income of 490.00M and revenue of 2.73B, resulting in an operating margin of 18.0%.
DTE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DTE Energy Company reported an operating income of 412.00M and revenue of 5.14B, resulting in an operating margin of 8.0%.
CMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CMS Energy Corporation reported a net income of 340.00M and revenue of 2.73B, resulting in a net margin of 12.5%.
DTE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DTE Energy Company reported a net income of 1.19M and revenue of 5.14B, resulting in a net margin of 0.0%.
Frequently Asked Questions
CMS and DTE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTE has higher volatility (5.91%) compared to CMS (5.86%). In terms of maximum drawdown, CMS dropped -91.20% vs DTE's -67.92%.
DTE currently has the higher Sharpe Ratio (0.51 vs 0.13), 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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