DTE vs. CMS
DTE (DTE Energy Company) and CMS (CMS Energy Corporation) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, DTE returned 8.98%/yr vs 8.08%/yr for CMS. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
DTE vs. CMS - Performance Comparison
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Returns By Period
In the year-to-date period, DTE achieves a 11.74% return, which is significantly higher than CMS's 5.02% return. Over the past 10 years, DTE has outperformed CMS with an annualized return of 8.98%, while CMS has yielded a comparatively lower 8.08% annualized return.
DTE
- 1D
- 0.12%
- 1M
- -7.91%
- 6M
- 7.25%
- YTD
- 11.74%
- 1Y
- 5.84%
- 3Y*
- 11.59%
- 5Y*
- 7.33%
- 10Y*
- 8.98%
- ALL TIME*
- 7.35%
CMS
- 1D
- -0.37%
- 1M
- -7.38%
- 6M
- 2.72%
- YTD
- 5.02%
- 1Y
- 0.61%
- 3Y*
- 9.60%
- 5Y*
- 6.57%
- 10Y*
- 8.08%
- ALL TIME*
- 9.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $288.83M | $253.73M | $245.75M | |
| $202.09M | $190.34M | $218.91M |
DTE vs. CMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTE DTE Energy Company | 11.74% | 10.42% | 13.49% | -2.81% | 1.23% | 19.35% | -2.86% | 21.38% | 4.21% | 14.59% |
CMS CMS Energy Corporation | 5.02% | 8.13% | 18.60% | -5.21% | 0.84% | 9.71% | -0.32% | 30.04% | 8.25% | 17.03% |
Correlation
The correlation between DTE and CMS is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1984 | 0.53 |
Over the past year, DTE and CMS have become more correlated (0.85) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
DTE:
$29.52B
CMS:
$22.57B
DTE:
$6.36
CMS:
$3.41
DTE:
22.32
CMS:
21.09
DTE:
1.81
CMS:
2.45
DTE:
2.43
CMS:
2.27
DTE:
$16.28B
CMS:
$8.81B
DTE:
$8.15B
CMS:
$6.14B
DTE:
$4.40B
CMS:
$3.12B
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Return for Risk
DTE vs. CMS — Risk / Return Rank
DTE
CMS
DTE vs. CMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DTE Energy Company (DTE) and CMS Energy Corporation (CMS). 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.
| DTE | CMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.09 | +0.50 |
| Martin ratioReturn relative to average drawdown | 1.30 | 0.21 | +1.09 |
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Drawdowns
DTE vs. CMS - Drawdown Comparison
The maximum DTE drawdown since its inception was -67.92%, smaller than the maximum CMS drawdown of -91.20%. Use the drawdown chart below to compare losses from any high point for DTE and CMS.
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Drawdown Indicators
| DTE | CMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.92% | -91.20% | +23.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -11.48% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.24% | -12.64% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.93% | -27.56% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -29.55% | -12.90% |
Current DrawdownCurrent decline from peak | -8.13% | -8.82% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -27.27% | +10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 4.83% | -0.27% |
Volatility
DTE vs. CMS - Volatility Comparison
DTE Energy Company (DTE) has a higher volatility of 6.19% compared to CMS Energy Corporation (CMS) at 5.76%. This indicates that DTE's price experiences larger fluctuations and is considered to be riskier than CMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTE | CMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.76% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 13.62% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 16.94% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 19.03% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 20.77% | +1.61% |
Dividends
DTE vs. CMS - Dividend Comparison
DTE's dividend yield for the trailing twelve months is around 3.23%, less than CMS's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMS CMS Energy Corporation | 3.60% | 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 | 3.23% | 3.44% | 3.44% | 3.52% | 3.07% | 2.98% | 3.40% | 2.96% | 3.26% | 3.07% | 3.10% | 3.54% |
Financials
DTE vs. CMS - Financials Comparison
This section allows you to compare key financial metrics between DTE Energy Company and CMS 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
DTE vs. CMS - Profitability Comparison
DTE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, DTE Energy Company reported a gross profit of 2.72B and revenue of 3.37B. Therefore, the gross margin over that period was 80.7%.
CMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, CMS Energy Corporation reported a gross profit of 1.15B and revenue of 1.83B. Therefore, the gross margin over that period was 63.1%.
DTE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, DTE Energy Company reported an operating income of 458.00M and revenue of 3.37B, resulting in an operating margin of 13.6%.
CMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, CMS Energy Corporation reported an operating income of 264.00M and revenue of 1.83B, resulting in an operating margin of 14.4%.
DTE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, DTE Energy Company reported a net income of 282.00M and revenue of 3.37B, resulting in a net margin of 8.4%.
CMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, CMS Energy Corporation reported a net income of 120.00M and revenue of 1.83B, resulting in a net margin of 6.6%.
Frequently Asked Questions
DTE and CMS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTE has higher volatility (6.19%) compared to CMS (5.76%). In terms of maximum drawdown, DTE dropped -67.92% vs CMS's -91.20%.
DTE currently has the higher Sharpe Ratio (0.35 vs 0.06), 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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