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 16.52% vs 16.85% for FTS. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
EMA vs. FTS - Performance Comparison
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Returns By Period
In the year-to-date period, EMA achieves a 5.09% return, which is significantly lower than FTS's 7.06% return.
EMA
- 1D
- -0.86%
- 1M
- -3.27%
- YTD
- 5.09%
- 6M
- 7.85%
- 1Y
- 16.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTS
- 1D
- -0.11%
- 1M
- -3.07%
- YTD
- 7.06%
- 6M
- 8.84%
- 1Y
- 16.85%
- 3Y*
- 12.98%
- 5Y*
- 7.89%
- 10Y*
- 9.80%
EMA vs. FTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMA Emera Inc | 5.09% | 12.99% |
FTS Fortis Inc | 7.06% | 10.41% |
Correlation
The correlation between EMA and FTS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.72 |
The correlation between EMA and FTS has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
Fundamentals
EMA:
$15.46B
FTS:
$27.81B
EMA:
$3.55
FTS:
$3.40
EMA:
14.30
FTS:
16.10
EMA:
0.45
FTS:
2.34
EMA:
1.78
FTS:
2.37
EMA:
1.68
FTS:
1.22
EMA:
$8.59B
FTS:
$12.22B
EMA:
$2.83B
FTS:
$7.44B
EMA:
$2.56B
FTS:
$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.
| EMA | FTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.72 | +0.08 |
| Martin ratioReturn relative to average drawdown | 7.62 | 6.92 | +0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMA | FTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.28 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.60 | +0.75 |
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 | — | -14.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.36% | — |
Current DrawdownCurrent decline from peak | -5.24% | -5.83% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -6.84% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.50% | -0.30% |
Volatility
EMA vs. FTS - Volatility Comparison
The current volatility for Emera Inc (EMA) is 4.25%, while Fortis Inc (FTS) has a volatility of 4.68%. This indicates that EMA experiences smaller price fluctuations and is considered to be less risky than FTS based on this measure. 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 | 4.25% | 4.68% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 10.39% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 13.29% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 16.28% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.67% | 18.93% | -5.26% |
Dividends
EMA vs. FTS - Dividend Comparison
EMA's dividend yield for the trailing twelve months is around 3.89%, more than FTS's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTS Fortis Inc | 3.36% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 4.94% |
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 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%.
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 Jun 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 Jun 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 Jun 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 Jun 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 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTS has higher volatility (4.68%) compared to EMA (4.25%). In terms of maximum drawdown, EMA dropped -5.93% vs FTS's -34.36%.
FTS currently has the higher Sharpe Ratio (1.28 vs 1.22), 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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