CMSA vs. ASO
CMSA (CMS Energy Corporation) and ASO (Academy Sports and Outdoors, Inc.) are both stocks. Over the past 5 years, CMSA returned 0.21%/yr vs 5.26%/yr for ASO. At a 0.20 correlation, their price movements are largely independent.
Performance
CMSA vs. ASO - Performance Comparison
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Returns By Period
In the year-to-date period, CMSA achieves a -1.83% return, which is significantly lower than ASO's 4.45% return.
CMSA
- 1D
- -1.04%
- 1M
- -1.94%
- YTD
- -1.83%
- 6M
- -1.60%
- 1Y
- 5.58%
- 3Y*
- 2.19%
- 5Y*
- 0.21%
- 10Y*
- —
ASO
- 1D
- 0.12%
- 1M
- -0.92%
- YTD
- 4.45%
- 6M
- 0.59%
- 1Y
- 19.21%
- 3Y*
- 2.33%
- 5Y*
- 5.26%
- 10Y*
- —
CMSA vs. ASO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMSA CMS Energy Corporation | -1.83% | 4.82% | -3.74% | 19.69% | -12.73% | -2.19% | 8.63% |
ASO Academy Sports and Outdoors, Inc. | 4.45% | -12.23% | -12.18% | 26.44% | 20.55% | 111.77% | 71.32% |
Correlation
The correlation between CMSA and ASO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.20 |
Fundamentals
CMSA:
$4.92
ASO:
$5.70
CMSA:
4.25
ASO:
9.11
CMSA:
0.53
ASO:
0.57
CMSA:
$8.82B
ASO:
$6.14B
CMSA:
$4.16B
ASO:
$2.13B
CMSA:
$3.09B
ASO:
$614.39M
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Return for Risk
CMSA vs. ASO — Risk / Return Rank
CMSA
ASO
CMSA vs. ASO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CMS Energy Corporation (CMSA) and Academy Sports and Outdoors, Inc. (ASO). 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.
| CMSA | ASO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.73 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.89 | 1.73 | -0.84 |
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Drawdowns
CMSA vs. ASO - Drawdown Comparison
The maximum CMSA drawdown since its inception was -32.26%, smaller than the maximum ASO drawdown of -54.17%. Use the drawdown chart below to compare losses from any high point for CMSA and ASO.
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Drawdown Indicators
| CMSA | ASO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -54.17% | +21.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -26.42% | +15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | -54.17% | +38.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.64% | -54.17% | +37.53% |
Current DrawdownCurrent decline from peak | -10.80% | -29.30% | +18.50% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -19.31% | +14.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 11.13% | -4.83% |
Volatility
CMSA vs. ASO - Volatility Comparison
The current volatility for CMS Energy Corporation (CMSA) is 2.35%, while Academy Sports and Outdoors, Inc. (ASO) has a volatility of 12.52%. This indicates that CMSA experiences smaller price fluctuations and is considered to be less risky than ASO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMSA | ASO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 12.52% | -10.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 29.96% | -24.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 42.81% | -34.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 46.18% | -34.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 46.93% | -30.43% |
Dividends
CMSA vs. ASO - Dividend Comparison
CMSA's dividend yield for the trailing twelve months is around 6.73%, more than ASO's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ASO Academy Sports and Outdoors, Inc. | 1.08% | 1.04% | 0.76% | 0.55% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
CMSA CMS Energy Corporation | 6.73% | 6.41% | 6.30% | 5.74% | 6.46% | 5.32% | 4.94% | 5.37% | 2.97% |
Financials
CMSA vs. ASO - Financials Comparison
This section allows you to compare key financial metrics between CMS Energy Corporation and Academy Sports and Outdoors, 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
CMSA vs. ASO - Profitability Comparison
CMSA - 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%.
ASO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Academy Sports and Outdoors, Inc. reported a gross profit of 479.35M and revenue of 1.44B. Therefore, the gross margin over that period was 33.2%.
CMSA - 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%.
ASO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Academy Sports and Outdoors, Inc. reported an operating income of 74.66M and revenue of 1.44B, resulting in an operating margin of 5.2%.
CMSA - 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%.
ASO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Academy Sports and Outdoors, Inc. reported a net income of 52.70M and revenue of 1.44B, resulting in a net margin of 3.7%.
Frequently Asked Questions
CMSA and ASO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASO has higher volatility (12.52%) compared to CMSA (2.35%). In terms of maximum drawdown, CMSA dropped -32.26% vs ASO's -54.17%.
CMSA currently has the higher Sharpe Ratio (0.67 vs 0.45), 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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