ES vs. NUE
ES (Eversource Energy) and NUE (Nucor Corporation) are both stocks. ES operates in Utilities - Regulated Electric (Utilities), while NUE operates in Steel (Basic Materials). Over the past 10 years, ES returned 5.46%/yr vs 20.15%/yr for NUE. At a 0.18 correlation, their price movements are largely independent.
Performance
ES vs. NUE - Performance Comparison
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Returns By Period
In the year-to-date period, ES achieves a 3.41% return, which is significantly lower than NUE's 55.89% return. Over the past 10 years, ES has underperformed NUE with an annualized return of 5.46%, while NUE has yielded a comparatively higher 20.15% annualized return.
ES
- 1D
- -3.56%
- 1M
- 3.59%
- YTD
- 3.41%
- 6M
- 5.56%
- 1Y
- 8.73%
- 3Y*
- 3.55%
- 5Y*
- 0.13%
- 10Y*
- 5.46%
NUE
- 1D
- -0.39%
- 1M
- 11.38%
- YTD
- 55.89%
- 6M
- 60.16%
- 1Y
- 111.60%
- 3Y*
- 22.06%
- 5Y*
- 20.51%
- 10Y*
- 20.15%
ES vs. NUE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 3.41% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
NUE Nucor Corporation | 55.89% | 42.03% | -31.95% | 33.75% | 17.39% | 118.45% | -1.77% | 11.84% | -16.36% | 9.60% |
Correlation
The correlation between ES and NUE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1984 | 0.18 |
The correlation between ES and NUE shifts across timeframes, from 0.05 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ES:
$25.64B
NUE:
$58.10B
ES:
$4.68
NUE:
$10.12
ES:
14.54
NUE:
25.03
ES:
1.83
NUE:
1.71
ES:
0.00
NUE:
2.71
ES:
$13.93B
NUE:
$34.16B
ES:
$4.19B
NUE:
$4.77B
ES:
$4.60B
NUE:
$3.49B
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Return for Risk
ES vs. NUE — Risk / Return Rank
ES
NUE
ES vs. NUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eversource Energy (ES) and Nucor Corporation (NUE). 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 | NUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.54 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 6.09 | -5.51 |
| Martin ratioReturn relative to average drawdown | 1.40 | 18.29 | -16.89 |
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 | NUE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 3.80 | -3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.55 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.56 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.41 | -0.14 |
Drawdowns
ES vs. NUE - Drawdown Comparison
The maximum ES drawdown since its inception was -73.04%, which is greater than NUE's maximum drawdown of -68.34%. Use the drawdown chart below to compare losses from any high point for ES and NUE.
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Drawdown Indicators
| ES | NUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -68.34% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -18.43% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -28.65% | -47.79% | +19.14% |
Max Drawdown (5Y)Largest decline over 5 years | -41.69% | -47.79% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -41.69% | -57.21% | +15.52% |
Current DrawdownCurrent decline from peak | -14.08% | -3.39% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -19.07% | -21.14% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 6.12% | +0.11% |
Volatility
ES vs. NUE - Volatility Comparison
Eversource Energy (ES) and Nucor Corporation (NUE) have volatilities of 7.84% and 7.99%, 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
| ES | NUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 7.99% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 20.45% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 29.59% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 37.70% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.35% | 35.97% | -11.62% |
Dividends
ES vs. NUE - Dividend Comparison
ES's dividend yield for the trailing twelve months is around 4.52%, more than NUE's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.52% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
NUE Nucor Corporation | 0.88% | 1.35% | 1.86% | 1.19% | 1.52% | 1.50% | 3.03% | 2.85% | 2.97% | 2.38% | 2.52% | 3.70% |
Financials
ES vs. NUE - Financials Comparison
This section allows you to compare key financial metrics between Eversource Energy and Nucor 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
Frequently Asked Questions
ES and NUE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUE has higher volatility (7.99%) compared to ES (7.84%). In terms of maximum drawdown, ES dropped -73.04% vs NUE's -68.34%.
NUE currently has the higher Sharpe Ratio (3.80 vs 0.36), 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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