EMA vs. CNP

Last updated Jun 4, 2026

EMA (Emera Inc) and CNP (CenterPoint Energy, Inc.) are both stocks. Both are in the Utilities sector — EMA in Utilities - Regulated Electric, CNP in Utilities - Regulated Gas. Over the past year, EMA returned 16.52% vs 13.45% for CNP. At a 0.45 correlation, their price movements are largely independent.

Performance

EMA vs. CNP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Emera Inc (EMA) and CenterPoint Energy, Inc. (CNP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMA achieves a 5.09% return, which is significantly lower than CNP's 9.54% return.

EMA

• 1D: -0.86%
• 1M: -3.27%
• YTD: 5.09%
• 6M: 7.85%
• 1Y: 16.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNP

• 1D: -0.46%
• 1M: -3.58%
• YTD: 9.54%
• 6M: 9.43%
• 1Y: 13.45%
• 3Y*: 16.21%
• 5Y*: 13.16%
• 10Y*: 9.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMA vs. CNP - Yearly Performance Comparison

	2026 (YTD)	2025
EMA Emera Inc	5.09%	12.99%
CNP CenterPoint Energy, Inc.	9.54%	4.29%

Correlation

The correlation between EMA and CNP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 29, 2025	0.45

Fundamentals

Market Cap EMA : $15.46B CNP : $27.37B
EPS EMA : $3.55 CNP : $1.63
PE Ratio EMA : 14.30 CNP : 25.45
PS Ratio EMA : 1.78 CNP : 2.90
PB Ratio EMA : 1.68 CNP : 2.39
Total Revenue (TTM) EMA : $8.59B CNP : $9.41B
Gross Profit (TTM) EMA : $2.83B CNP : $3.89B
EBITDA (TTM) EMA : $2.56B CNP : $3.81B

Return for Risk

EMA vs. CNP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMA

EMA Risk / Return Rank: 76
EMA Sharpe Ratio Rank: 76
EMA Sortino Ratio Rank: 71
EMA Omega Ratio Rank: 68
EMA Calmar Ratio Rank: 81
EMA Martin Ratio Rank: 82

CNP

CNP Risk / Return Rank: 66
CNP Sharpe Ratio Rank: 67
CNP Sortino Ratio Rank: 59
CNP Omega Ratio Rank: 56
CNP Calmar Ratio Rank: 75
CNP Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMA vs. CNP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Emera Inc (EMA) and CenterPoint Energy, Inc. (CNP). 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.

	EMA	CNP	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.84	+0.38
Sortino ratio Return per unit of downside risk	1.80	1.24	+0.56
Omega ratio Gain probability vs. loss probability	1.21	1.15	+0.07
Calmar ratio Return relative to maximum drawdown	2.80	2.03	+0.77
Martin ratio Return relative to average drawdown	7.62	4.85	+2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMA vs. CNP - Sharpe Ratio Comparison

The current EMA Sharpe Ratio is 1.22, which is higher than the CNP Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of EMA and CNP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMA	CNP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.84	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	0.18	+1.18

Drawdowns

EMA vs. CNP - Drawdown Comparison

The maximum EMA drawdown since its inception was -5.93%, smaller than the maximum CNP drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for EMA and CNP.

Drawdown Indicators

	EMA	CNP	Difference
Max Drawdown Largest peak-to-trough decline	-5.93%	-89.94%	+84.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-6.67%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.80%	—
Current Drawdown Current decline from peak	-5.24%	-5.38%	+0.14%
Average Drawdown Average peak-to-trough decline	-1.74%	-32.35%	+30.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.90%	-0.70%

Volatility

EMA vs. CNP - Volatility Comparison

The current volatility for Emera Inc (EMA) is 4.25%, while CenterPoint Energy, Inc. (CNP) has a volatility of 5.99%. This indicates that EMA experiences smaller price fluctuations and is considered to be less risky than CNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMA	CNP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	5.99%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	12.16%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	16.06%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.67%	19.68%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	25.86%	-12.19%

Dividends

EMA vs. CNP - Dividend Comparison

EMA's dividend yield for the trailing twelve months is around 3.89%, more than CNP's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNP CenterPoint Energy, Inc.	2.17%	2.30%	2.55%	2.70%	2.33%	2.33%	3.42%	4.22%	3.93%	3.77%	4.18%	5.39%
EMA Emera Inc	3.89%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

EMA vs. CNP - Profitability Comparison

The chart below illustrates the profitability comparison between Emera Inc and CenterPoint Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EMA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a gross profit of 756.95M and revenue of 2.48B. Therefore, the gross margin over that period was 30.5%.

CNP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CenterPoint Energy, Inc. reported a gross profit of 2.00B and revenue of 2.98B. Therefore, the gross margin over that period was 67.4%.

EMA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported an operating income of 626.62M and revenue of 2.48B, resulting in an operating margin of 25.3%.

CNP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CenterPoint Energy, Inc. reported an operating income of 658.00M and revenue of 2.98B, resulting in an operating margin of 22.1%.

EMA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a net income of 583.50M and revenue of 2.48B, resulting in a net margin of 23.5%.

CNP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CenterPoint Energy, Inc. reported a net income of 316.00M and revenue of 2.98B, resulting in a net margin of 10.6%.

Frequently Asked Questions

Can I hold both EMA and CNP in my portfolio?

EMA and CNP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMA or CNP?

CNP has higher volatility (5.99%) compared to EMA (4.25%). In terms of maximum drawdown, EMA dropped -5.93% vs CNP's -89.94%.

Which has better risk-adjusted returns?

EMA currently has the higher Sharpe Ratio (1.22 vs 0.84), 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.