CMS vs. SHW
CMS (CMS Energy Corporation) and SHW (The Sherwin-Williams Company) are both stocks. CMS operates in Utilities - Regulated Electric (Utilities), while SHW operates in Specialty Chemicals (Basic Materials). Over the past 10 years, CMS returned 8.55%/yr vs 13.58%/yr for SHW. At a 0.25 correlation, their price movements are largely independent.
Performance
CMS vs. SHW - Performance Comparison
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Returns By Period
In the year-to-date period, CMS achieves a 6.82% return, which is significantly higher than SHW's -1.61% return. Over the past 10 years, CMS has underperformed SHW with an annualized return of 8.55%, while SHW has yielded a comparatively higher 13.58% annualized return.
CMS
- 1D
- 0.99%
- 1M
- 2.69%
- YTD
- 6.82%
- 6M
- 6.95%
- 1Y
- 7.49%
- 3Y*
- 10.50%
- 5Y*
- 7.32%
- 10Y*
- 8.55%
SHW
- 1D
- 0.13%
- 1M
- 6.01%
- YTD
- -1.61%
- 6M
- -3.00%
- 1Y
- -4.65%
- 3Y*
- 9.64%
- 5Y*
- 3.70%
- 10Y*
- 13.58%
CMS vs. SHW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMS CMS Energy Corporation | 6.82% | 8.13% | 18.60% | -5.21% | 0.84% | 9.71% | -0.32% | 30.04% | 8.25% | 17.03% |
SHW The Sherwin-Williams Company | -1.61% | -3.83% | 9.90% | 32.73% | -31.96% | 44.90% | 27.05% | 49.70% | -3.23% | 54.11% |
Correlation
The correlation between CMS and SHW is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.25 |
Fundamentals
CMS:
$4.92
SHW:
$10.42
CMS:
14.95
SHW:
30.45
CMS:
1.88
SHW:
3.31
CMS:
$8.82B
SHW:
$23.94B
CMS:
$4.16B
SHW:
$11.76B
CMS:
$3.09B
SHW:
$4.29B
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Return for Risk
CMS vs. SHW — Risk / Return Rank
CMS
SHW
CMS vs. SHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CMS Energy Corporation (CMS) and The Sherwin-Williams Company (SHW). 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.
| CMS | SHW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.47 | +1.09 |
| Martin ratioReturn relative to average drawdown | 1.61 | -0.99 | +2.60 |
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Drawdowns
CMS vs. SHW - Drawdown Comparison
The maximum CMS drawdown since its inception was -91.20%, which is greater than SHW's maximum drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for CMS and SHW.
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Drawdown Indicators
| CMS | SHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.20% | -52.02% | -39.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -21.36% | +9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -19.61% | -25.69% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -42.46% | +14.90% |
Max Drawdown (10Y)Largest decline over 10 years | -29.55% | -42.46% | +12.91% |
Current DrawdownCurrent decline from peak | -7.25% | -19.53% | +12.28% |
Average DrawdownAverage peak-to-trough decline | -27.34% | -11.63% | -15.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 10.28% | -5.86% |
Volatility
CMS vs. SHW - Volatility Comparison
The current volatility for CMS Energy Corporation (CMS) is 7.02%, while The Sherwin-Williams Company (SHW) has a volatility of 9.00%. This indicates that CMS experiences smaller price fluctuations and is considered to be less risky than SHW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMS | SHW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 9.00% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 19.26% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 25.46% | -9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 26.27% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 26.58% | -5.87% |
Dividends
CMS vs. SHW - Dividend Comparison
CMS's dividend yield for the trailing twelve months is around 3.02%, more than SHW's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMS CMS Energy Corporation | 3.02% | 3.10% | 3.09% | 3.36% | 3.62% | 2.67% | 2.67% | 2.43% | 2.88% | 2.81% | 2.98% | 3.22% |
SHW The Sherwin-Williams Company | 1.00% | 0.98% | 0.84% | 0.78% | 1.01% | 0.62% | 0.73% | 0.77% | 0.87% | 0.83% | 1.25% | 1.03% |
Financials
CMS vs. SHW - Financials Comparison
This section allows you to compare key financial metrics between CMS Energy Corporation and The Sherwin-Williams 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. SHW - 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%.
SHW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported a gross profit of 2.78B and revenue of 5.67B. Therefore, the gross margin over that period was 49.1%.
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%.
SHW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported an operating income of 810.90M and revenue of 5.67B, resulting in an operating margin of 14.3%.
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%.
SHW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported a net income of 534.70M and revenue of 5.67B, resulting in a net margin of 9.4%.
Frequently Asked Questions
CMS and SHW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHW has higher volatility (9.00%) compared to CMS (7.02%). In terms of maximum drawdown, CMS dropped -91.20% vs SHW's -52.02%.
CMS currently has the higher Sharpe Ratio (0.44 vs -0.40), 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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