EMA vs. FTS
EMA (Emera Inc) and FTS (Fortis Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past year, EMA returned 20.11% vs 18.23% for FTS. Their 0.76 correlation means they have sometimes moved together and sometimes differently.
Performance
EMA vs. FTS - Performance Comparison
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Returns By Period
In the year-to-date period, EMA achieves a 12.85% return, which is significantly higher than FTS's 11.58% return.
EMA
- 1D
- 0.57%
- 1M
- 1.77%
- 6M
- 10.92%
- YTD
- 12.85%
- 1Y
- 20.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.30%
FTS
- 1D
- -0.82%
- 1M
- -1.69%
- 6M
- 8.67%
- YTD
- 11.58%
- 1Y
- 18.23%
- 3Y*
- 15.57%
- 5Y*
- 8.98%
- 10Y*
- —
- ALL TIME*
- 10.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EMA Emera Inc | $26.94M | $24.90M | $21.84M |
FTS Fortis Inc. | $44.36M | $43.80M | $42.19M |
EMA vs. FTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMA Emera Inc | 12.85% | 11.17% |
FTS Fortis Inc. | 11.58% | 8.93% |
Correlation
The correlation between EMA and FTS is 0.75, 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. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 28, 2025 | 0.76 |
The correlation between EMA and FTS has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
Fundamentals
EMA:
$16.48B
FTS:
$29.02B
EMA:
CA$3.55
FTS:
CA$3.33
EMA:
21.30
FTS:
23.95
EMA:
0.68
FTS:
3.49
EMA:
2.66
FTS:
3.53
EMA:
2.50
FTS:
1.78
EMA:
CA$8.59B
FTS:
CA$12.22B
EMA:
CA$2.83B
FTS:
CA$7.44B
EMA:
CA$2.56B
FTS:
CA$5.80B
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Return for Risk
EMA vs. FTS — Risk / Return Rank
EMA
FTS
EMA vs. FTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emera Inc (EMA) and Fortis Inc. (FTS). 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.
| EMA | FTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 3.30 | +0.23 |
| Martin ratioReturn relative to average drawdown | 9.16 | 8.14 | +1.02 |
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Drawdowns
EMA vs. FTS - Drawdown Comparison
The maximum EMA drawdown since its inception was -5.93%, smaller than the maximum FTS drawdown of -34.36%. Use the drawdown chart below to compare losses from any high point for EMA and FTS.
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Drawdown Indicators
| EMA | FTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.93% | -34.36% | +28.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -6.23% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.96% | — |
Current DrawdownCurrent decline from peak | -1.26% | -3.13% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -6.94% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.52% | -0.24% |
Volatility
EMA vs. FTS - Volatility Comparison
Emera Inc (EMA) and Fortis Inc. (FTS) have volatilities of 5.16% and 4.97%, 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
| EMA | FTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.97% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 11.30% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 13.74% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 16.45% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 18.94% | -4.83% |
Dividends
EMA vs. FTS - Dividend Comparison
EMA's dividend yield for the trailing twelve months is around 4.92%, more than FTS's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMA Emera Inc | 3.95% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTS Fortis Inc. | 3.22% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 1.30% |
Financials
EMA vs. FTS - Financials Comparison
This section allows you to compare key financial metrics between Emera Inc and Fortis 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
EMA vs. FTS - Profitability Comparison
EMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Fortis Inc. reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.
EMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Emera Inc reported an operating income of 626.62M and revenue of 2.48B, resulting in an operating margin of 25.3%.
FTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Fortis Inc. reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.
EMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Emera Inc reported a net income of 583.50M and revenue of 2.48B, resulting in a net margin of 23.5%.
FTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Fortis Inc. reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.
Frequently Asked Questions
EMA and FTS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMA has higher volatility (5.16%) compared to FTS (4.97%). In terms of maximum drawdown, EMA dropped -5.93% vs FTS's -34.36%.
FTS currently has the higher Sharpe Ratio (1.50 vs 1.48), 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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