ELV vs. ATO
ELV (Elevance Health, Inc.) and ATO (Atmos Energy Corporation) are both stocks. ELV operates in Healthcare Plans (Healthcare), while ATO operates in Utilities - Regulated Gas (Utilities). Over the past 10 years, ELV returned 11.88%/yr vs 10.81%/yr for ATO. At a 0.30 correlation, their price movements are largely independent.
Performance
ELV vs. ATO - Performance Comparison
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Returns By Period
In the year-to-date period, ELV achieves a 10.16% return, which is significantly higher than ATO's 6.98% return. Over the past 10 years, ELV has outperformed ATO with an annualized return of 11.88%, while ATO has yielded a comparatively lower 10.81% annualized return.
ELV
- 1D
- 2.44%
- 1M
- -1.61%
- 6M
- 3.01%
- YTD
- 10.16%
- 1Y
- 40.84%
- 3Y*
- -5.51%
- 5Y*
- 1.37%
- 10Y*
- 11.88%
- ALL TIME*
- 13.69%
ATO
- 1D
- -0.20%
- 1M
- 4.24%
- 6M
- 5.19%
- YTD
- 6.98%
- 1Y
- 15.72%
- 3Y*
- 15.67%
- 5Y*
- 15.36%
- 10Y*
- 10.81%
- ALL TIME*
- 11.80%
ELV vs. ATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health, Inc. | 10.16% | -3.14% | -20.72% | -6.89% | 11.83% | 46.12% | 7.74% | 16.33% | 18.11% | 58.72% |
ATO Atmos Energy Corporation | 6.98% | 23.07% | 23.35% | 6.17% | 9.63% | 12.75% | -12.73% | 23.14% | 10.39% | 18.41% |
Correlation
The correlation between ELV and ATO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2001 | 0.30 |
The correlation between ELV and ATO shifts across timeframes, from 0.10 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ELV:
$82.89B
ATO:
$29.60B
ELV:
$22.41
ATO:
$8.19
ELV:
17.06
ATO:
21.66
ELV:
0.42
ATO:
5.97
ELV:
1.86
ATO:
1.03
ELV:
$201.11B
ATO:
$4.88B
ELV:
$78.34B
ATO:
$1.61B
ELV:
$8.01B
ATO:
$2.57B
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Return for Risk
ELV vs. ATO — Risk / Return Rank
ELV
ATO
ELV vs. ATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health, Inc. (ELV) 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.
| ELV | ATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.25 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.03 | 3.16 | +0.87 |
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Drawdowns
ELV vs. ATO - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, which is greater than ATO's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for ELV and ATO.
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Drawdown Indicators
| ELV | ATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -51.94% | -15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -26.49% | -12.58% | -13.91% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -16.87% | -33.51% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -19.08% | -31.30% |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | -32.91% | -17.47% |
Current DrawdownCurrent decline from peak | -29.50% | -7.26% | -22.24% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -8.56% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 4.99% | +5.18% |
Volatility
ELV vs. ATO - Volatility Comparison
Elevance Health, Inc. (ELV) has a higher volatility of 14.46% compared to Atmos Energy Corporation (ATO) at 5.62%. This indicates that ELV's price experiences larger fluctuations and is considered to be riskier than ATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELV | ATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.46% | 5.62% | +8.84% |
Volatility (6M)Calculated over the trailing 6-month period | 29.88% | 11.94% | +17.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.33% | 15.91% | +20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.61% | 18.61% | +11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.11% | 21.27% | +9.84% |
Dividends
ELV vs. ATO - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.79%, less than ATO's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATO Atmos Energy Corporation | 2.18% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% |
ELV Elevance Health, Inc. | 1.79% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
Financials
ELV vs. ATO - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health, 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
ELV vs. ATO - Profitability Comparison
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported a gross profit of 44.98B and revenue of 50.47B. Therefore, the gross margin over that period was 89.1%.
ATO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported an operating income of 2.06B and revenue of 50.47B, resulting in an operating margin of 4.1%.
ATO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Atmos Energy Corporation reported an operating income of 764.80M and revenue of 1.96B, resulting in an operating margin of 39.0%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported a net income of 1.46B and revenue of 50.47B, resulting in a net margin of 2.9%.
ATO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
ELV and ATO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELV has higher volatility (14.46%) compared to ATO (5.62%). In terms of maximum drawdown, ELV dropped -67.19% vs ATO's -51.94%.
ELV currently has the higher Sharpe Ratio (1.13 vs 0.99), 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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