ES vs. CMS
Compare and contrast key facts about Eversource Energy (ES) and CMS Energy Corporation (CMS).
Performance
ES vs. CMS - Performance Comparison
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ES vs. CMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 3.98% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
CMS CMS Energy Corporation | 11.77% | 8.13% | 18.60% | -5.21% | 0.84% | 9.71% | -0.32% | 30.04% | 8.25% | 17.03% |
Fundamentals
ES:
$26.06B
CMS:
$23.31B
ES:
$4.54
CMS:
$3.57
ES:
15.25
CMS:
21.73
ES:
1.90
CMS:
2.73
ES:
$13.55B
CMS:
$8.54B
ES:
$6.48B
CMS:
$2.35B
ES:
$5.38B
CMS:
$2.95B
Returns By Period
In the year-to-date period, ES achieves a 3.98% return, which is significantly lower than CMS's 11.77% return. Over the past 10 years, ES has underperformed CMS with an annualized return of 5.22%, while CMS has yielded a comparatively higher 9.41% annualized return.
ES
- 1D
- 1.27%
- 1M
- -8.13%
- YTD
- 3.98%
- 6M
- -0.48%
- 1Y
- 16.71%
- 3Y*
- 0.43%
- 5Y*
- -0.54%
- 10Y*
- 5.22%
CMS
- 1D
- 0.48%
- 1M
- -0.63%
- YTD
- 11.77%
- 6M
- 7.50%
- 1Y
- 6.41%
- 3Y*
- 11.62%
- 5Y*
- 8.32%
- 10Y*
- 9.41%
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Return for Risk
ES vs. CMS — Risk / Return Rank
ES
CMS
ES vs. CMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eversource Energy (ES) and CMS Energy Corporation (CMS). 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.
| ES | CMS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.39 | +0.25 |
Sortino ratioReturn per unit of downside risk | 0.94 | 0.62 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.91 | +0.32 |
Martin ratioReturn relative to average drawdown | 3.33 | 1.70 | +1.63 |
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
| ES | CMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.39 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.44 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.46 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.35 | -0.07 |
Correlation
The correlation between ES and CMS is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ES vs. CMS - Dividend Comparison
ES's dividend yield for the trailing twelve months is around 4.40%, more than CMS's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.40% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
CMS CMS Energy Corporation | 2.83% | 3.10% | 3.09% | 3.36% | 3.62% | 2.67% | 2.67% | 2.43% | 2.88% | 2.81% | 2.98% | 3.22% |
Drawdowns
ES vs. CMS - Drawdown Comparison
The maximum ES drawdown since its inception was -73.04%, smaller than the maximum CMS drawdown of -91.20%. Use the drawdown chart below to compare losses from any high point for ES and CMS.
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Drawdown Indicators
| ES | CMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -91.20% | +18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -8.51% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -41.69% | -27.56% | -14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.69% | -29.55% | -12.14% |
Current DrawdownCurrent decline from peak | -13.60% | -0.91% | -12.69% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -27.45% | +8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 4.55% | +1.04% |
Volatility
ES vs. CMS - Volatility Comparison
Eversource Energy (ES) has a higher volatility of 7.20% compared to CMS Energy Corporation (CMS) at 5.46%. This indicates that ES's price experiences larger fluctuations and is considered to be riskier than CMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ES | CMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 5.46% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 11.15% | +8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.49% | 16.71% | +9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.77% | 18.83% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.24% | 20.65% | +3.59% |
Financials
ES vs. CMS - Financials Comparison
This section allows you to compare key financial metrics between Eversource Energy and CMS 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
ES vs. CMS - Profitability Comparison
ES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Eversource Energy reported a gross profit of 985.40M and revenue of 3.37B. Therefore, the gross margin over that period was 29.2%.
CMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CMS Energy Corporation reported a gross profit of 0.00 and revenue of 2.23B. Therefore, the gross margin over that period was 0.0%.
ES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Eversource Energy reported an operating income of 710.46M and revenue of 3.37B, resulting in an operating margin of 21.1%.
CMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CMS Energy Corporation reported an operating income of 435.00M and revenue of 2.23B, resulting in an operating margin of 19.5%.
ES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Eversource Energy reported a net income of 421.31M and revenue of 3.37B, resulting in a net margin of 12.5%.
CMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CMS Energy Corporation reported a net income of 289.00M and revenue of 2.23B, resulting in a net margin of 12.9%.