CNP vs. ATO
CNP (CenterPoint Energy, Inc.) and ATO (Atmos Energy Corporation) are both stocks. Both operate in the Utilities - Regulated Gas industry within the Utilities sector. Over the past 10 years, CNP returned 9.40%/yr vs 10.70%/yr for ATO. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
CNP vs. ATO - Performance Comparison
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Returns By Period
In the year-to-date period, CNP achieves a 10.86% return, which is significantly higher than ATO's 4.23% return. Over the past 10 years, CNP has underperformed ATO with an annualized return of 9.40%, while ATO has yielded a comparatively higher 10.70% annualized return.
CNP
- 1D
- -0.26%
- 1M
- -5.76%
- 6M
- 7.09%
- YTD
- 10.86%
- 1Y
- 10.76%
- 3Y*
- 15.48%
- 5Y*
- 13.38%
- 10Y*
- 9.40%
- ALL TIME*
- 4.99%
ATO
- 1D
- -0.85%
- 1M
- -2.31%
- 6M
- 5.04%
- YTD
- 4.23%
- 1Y
- 13.37%
- 3Y*
- 15.37%
- 5Y*
- 14.68%
- 10Y*
- 10.70%
- ALL TIME*
- 11.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $158.86M | $180.86M | $248.21M | |
| $272.22M | $285.72M | $265.49M |
CNP vs. ATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNP CenterPoint Energy, Inc. | 10.86% | 23.74% | 14.28% | -2.12% | 10.00% | 32.41% | -17.98% | 0.61% | 3.70% | 19.58% |
ATO Atmos Energy Corporation | 4.23% | 23.07% | 23.35% | 6.17% | 9.63% | 12.75% | -12.73% | 23.14% | 10.39% | 18.41% |
Correlation
The correlation between CNP and ATO is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.39 |
Over the past year, CNP and ATO have become more correlated (0.76) than their long-term average of 0.39, meaning their price movements have been converging.
Fundamentals
CNP:
$27.69B
ATO:
$28.84B
CNP:
$1.69
ATO:
$8.19
CNP:
24.81
ATO:
21.10
CNP:
2.88
ATO:
5.82
CNP:
2.39
ATO:
1.01
CNP:
$9.62B
ATO:
$4.88B
CNP:
$5.20B
ATO:
$1.61B
CNP:
$3.99B
ATO:
$2.57B
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Return for Risk
CNP vs. ATO — Risk / Return Rank
CNP
ATO
CNP vs. ATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CenterPoint Energy, Inc. (CNP) and Atmos Energy Corporation (ATO). 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.
| CNP | ATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.06 | +0.56 |
| Martin ratioReturn relative to average drawdown | 3.65 | 2.57 | +1.07 |
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Drawdowns
CNP vs. ATO - Drawdown Comparison
The maximum CNP drawdown since its inception was -89.94%, which is greater than ATO's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for CNP and ATO.
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Drawdown Indicators
| CNP | ATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.94% | -51.94% | -38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -12.58% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -12.69% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -19.08% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -59.80% | -32.91% | -26.89% |
Current DrawdownCurrent decline from peak | -6.66% | -9.64% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -32.26% | -8.56% | -23.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 5.18% | -2.23% |
Volatility
CNP vs. ATO - Volatility Comparison
CenterPoint Energy, Inc. (CNP) and Atmos Energy Corporation (ATO) have volatilities of 6.54% and 6.30%, 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
| CNP | ATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 6.30% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 11.93% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 16.10% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 18.61% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.92% | 21.28% | +4.64% |
Dividends
CNP vs. ATO - Dividend Comparison
CNP's dividend yield for the trailing twelve months is around 2.14%, less than ATO's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATO Atmos Energy Corporation | 2.24% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% |
CNP CenterPoint Energy, Inc. | 2.14% | 2.30% | 2.55% | 2.70% | 2.33% | 2.33% | 3.42% | 4.22% | 3.93% | 3.77% | 4.18% | 5.39% |
Financials
CNP vs. ATO - Financials Comparison
This section allows you to compare key financial metrics between CenterPoint Energy, Inc. and Atmos Energy Corporation. 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
CNP vs. ATO - Profitability Comparison
CNP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, CenterPoint Energy, Inc. reported a gross profit of 1.87B and revenue of 2.15B. Therefore, the gross margin over that period was 86.9%.
ATO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
CNP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, CenterPoint Energy, Inc. reported an operating income of 534.00M and revenue of 2.15B, resulting in an operating margin of 24.8%.
ATO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Atmos Energy Corporation reported an operating income of 764.80M and revenue of 1.96B, resulting in an operating margin of 39.0%.
CNP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, CenterPoint Energy, Inc. reported a net income of 244.00M and revenue of 2.15B, resulting in a net margin of 11.3%.
ATO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Atmos Energy Corporation reported a net income of 581.90M and revenue of 1.96B, resulting in a net margin of 29.7%.
Frequently Asked Questions
CNP and ATO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNP has higher volatility (6.54%) compared to ATO (6.30%). In terms of maximum drawdown, CNP dropped -89.94% vs ATO's -51.94%.
ATO currently has the higher Sharpe Ratio (0.83 vs 0.65), 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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