ETR vs. CEG
ETR (Entergy Corporation) and CEG (Constellation Energy Corp) are both stocks. Both are in the Utilities sector — ETR in Utilities - Diversified, CEG in Utilities - Renewable. Over the past 3 years, ETR returned 34.68%/yr vs 40.06%/yr for CEG. At a 0.33 correlation, their price movements are largely independent.
Performance
ETR vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, ETR achieves a 21.66% return, which is significantly higher than CEG's -27.96% return.
ETR
- 1D
- 1.11%
- 1M
- 1.91%
- YTD
- 21.66%
- 6M
- 21.77%
- 1Y
- 38.85%
- 3Y*
- 34.68%
- 5Y*
- 19.50%
- 10Y*
- 15.19%
CEG
- 1D
- 2.86%
- 1M
- -5.03%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -14.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
ETR vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETR Entergy Corporation | 21.66% | 25.34% | 55.96% | -6.09% | 6.04% |
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between ETR and CEG is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.33 |
Fundamentals
ETR:
$51.39B
CEG:
$89.83B
ETR:
$3.98
CEG:
$8.13
ETR:
27.94
CEG:
31.23
ETR:
1.03
CEG:
0.54
ETR:
3.79
CEG:
3.31
ETR:
2.96
CEG:
2.68
ETR:
$13.29B
CEG:
$24.82B
ETR:
$5.76B
CEG:
$20.98B
ETR:
$5.91B
CEG:
$5.87B
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Return for Risk
ETR vs. CEG — Risk / Return Rank
ETR
CEG
ETR vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Entergy Corporation (ETR) and Constellation Energy Corp (CEG). 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.
| ETR | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.98 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | -0.38 | +3.88 |
| Martin ratioReturn relative to average drawdown | 11.86 | -0.78 | +12.64 |
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Drawdowns
ETR vs. CEG - Drawdown Comparison
The maximum ETR drawdown since its inception was -71.72%, which is greater than CEG's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for ETR and CEG.
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Drawdown Indicators
| ETR | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.72% | -50.70% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -39.77% | +29.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -50.70% | +36.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -36.93% | +31.60% |
Average DrawdownAverage peak-to-trough decline | -25.25% | -11.67% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 19.38% | -16.25% |
Volatility
ETR vs. CEG - Volatility Comparison
The current volatility for Entergy Corporation (ETR) is 7.40%, while Constellation Energy Corp (CEG) has a volatility of 15.26%. This indicates that ETR experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETR | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 15.26% | -7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 37.72% | -21.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 46.66% | -26.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 49.38% | -26.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.11% | 49.38% | -25.27% |
Dividends
ETR vs. CEG - Dividend Comparison
ETR's dividend yield for the trailing twelve months is around 2.27%, more than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETR Entergy Corporation | 2.27% | 2.64% | 3.03% | 4.29% | 3.64% | 3.43% | 3.75% | 3.06% | 4.16% | 4.30% | 4.65% | 4.89% |
Financials
ETR vs. CEG - Financials Comparison
This section allows you to compare key financial metrics between Entergy Corporation and Constellation Energy Corp. 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
ETR vs. CEG - Profitability Comparison
ETR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Entergy Corporation reported a gross profit of 2.19B and revenue of 3.19B. Therefore, the gross margin over that period was 68.7%.
CEG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a gross profit of 2.48B and revenue of 6.07B. Therefore, the gross margin over that period was 40.8%.
ETR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Entergy Corporation reported an operating income of 572.22M and revenue of 3.19B, resulting in an operating margin of 18.0%.
CEG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported an operating income of 598.00M and revenue of 6.07B, resulting in an operating margin of 9.9%.
ETR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Entergy Corporation reported a net income of 390.81M and revenue of 3.19B, resulting in a net margin of 12.3%.
CEG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a net income of 432.00M and revenue of 6.07B, resulting in a net margin of 7.1%.
Frequently Asked Questions
ETR and CEG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to ETR (7.40%). In terms of maximum drawdown, ETR dropped -71.72% vs CEG's -50.70%.
ETR currently has the higher Sharpe Ratio (1.85 vs -0.32), 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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