DTE vs. NRG
DTE (DTE Energy Company) and NRG (NRG Energy, Inc.) are both stocks. Both are in the Utilities sector — DTE in Utilities - Regulated Electric, NRG in Utilities - Independent Power Producers. Over the past 10 years, DTE returned 9.99%/yr vs 28.72%/yr for NRG. At a 0.37 correlation, their price movements are largely independent.
Performance
DTE vs. NRG - Performance Comparison
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Returns By Period
In the year-to-date period, DTE achieves a 19.32% return, which is significantly higher than NRG's -10.14% return. Over the past 10 years, DTE has underperformed NRG with an annualized return of 9.99%, while NRG has yielded a comparatively higher 28.72% annualized return.
DTE
- 1D
- 1.28%
- 1M
- 5.10%
- YTD
- 19.32%
- 6M
- 19.50%
- 1Y
- 17.51%
- 3Y*
- 15.13%
- 5Y*
- 9.82%
- 10Y*
- 9.99%
NRG
- 1D
- 3.31%
- 1M
- 3.31%
- YTD
- -10.14%
- 6M
- -10.88%
- 1Y
- -6.41%
- 3Y*
- 63.38%
- 5Y*
- 33.44%
- 10Y*
- 28.72%
DTE vs. NRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTE DTE Energy Company | 19.32% | 10.42% | 13.49% | -2.81% | 1.23% | 19.35% | -2.86% | 21.38% | 4.21% | 14.59% |
NRG NRG Energy, Inc. | -10.14% | 78.91% | 78.58% | 69.36% | -23.47% | 18.54% | -2.14% | 0.69% | 39.59% | 133.69% |
Correlation
The correlation between DTE and NRG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2003 | 0.37 |
The correlation between DTE and NRG shifts across timeframes, from 0.16 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DTE:
$31.43B
NRG:
$29.58B
DTE:
$4.92
NRG:
$1.21
DTE:
30.73
NRG:
117.42
DTE:
2.74
NRG:
1.76
DTE:
1.92
NRG:
0.87
DTE:
2.55
NRG:
7.00
DTE:
$16.33B
NRG:
$32.38B
DTE:
$9.07B
NRG:
$4.69B
DTE:
$4.15B
NRG:
$2.57B
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Return for Risk
DTE vs. NRG — Risk / Return Rank
DTE
NRG
DTE vs. NRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DTE Energy Company (DTE) and NRG Energy, Inc. (NRG). 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 | NRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.01 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.19 | +1.92 |
| Martin ratioReturn relative to average drawdown | 4.01 | -0.45 | +4.46 |
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Drawdowns
DTE vs. NRG - Drawdown Comparison
The maximum DTE drawdown since its inception was -67.92%, smaller than the maximum NRG drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for DTE and NRG.
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Drawdown Indicators
| DTE | NRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.92% | -79.41% | +11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -34.24% | +24.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.97% | -34.24% | +16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -28.93% | -34.24% | +5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -48.76% | +6.31% |
Current DrawdownCurrent decline from peak | 0.00% | -22.49% | +22.49% |
Average DrawdownAverage peak-to-trough decline | -17.21% | -27.99% | +10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 14.41% | -10.03% |
Volatility
DTE vs. NRG - Volatility Comparison
The current volatility for DTE Energy Company (DTE) is 5.60%, while NRG Energy, Inc. (NRG) has a volatility of 12.70%. This indicates that DTE experiences smaller price fluctuations and is considered to be less risky than NRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTE | NRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 12.70% | -7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 34.41% | -21.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 45.28% | -28.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 40.02% | -21.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 39.16% | -16.83% |
Dividends
DTE vs. NRG - Dividend Comparison
DTE's dividend yield for the trailing twelve months is around 3.29%, more than NRG's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTE DTE Energy Company | 3.29% | 3.44% | 3.44% | 3.52% | 3.07% | 2.98% | 3.40% | 2.96% | 3.26% | 3.07% | 3.10% | 3.54% |
NRG NRG Energy, Inc. | 1.29% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% |
Financials
DTE vs. NRG - Financials Comparison
This section allows you to compare key financial metrics between DTE Energy Company and NRG Energy, 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
DTE vs. NRG - Profitability Comparison
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%.
NRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. Therefore, the gross margin over that period was 0.0%.
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%.
NRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.
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%.
NRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.
Frequently Asked Questions
DTE and NRG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRG has higher volatility (12.70%) compared to DTE (5.60%). In terms of maximum drawdown, DTE dropped -67.92% vs NRG's -79.41%.
DTE currently has the higher Sharpe Ratio (1.07 vs -0.14), 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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