Correlation
The correlation between FE and ALE is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FE vs. ALE
Compare and contrast key facts about FirstEnergy Corp. (FE) and ALLETE, Inc. (ALE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FE or ALE.
Performance
FE vs. ALE - Performance Comparison
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Key characteristics
FE:
0.60
ALE:
1.50
FE:
0.91
ALE:
2.43
FE:
1.14
ALE:
1.30
FE:
0.94
ALE:
0.61
FE:
2.08
ALE:
12.13
FE:
6.11%
ALE:
0.74%
FE:
20.45%
ALE:
5.68%
FE:
-55.75%
ALE:
-74.12%
FE:
-2.85%
ALE:
-5.92%
Fundamentals
FE:
$24.21B
ALE:
$3.77B
FE:
$1.88
ALE:
$3.19
FE:
22.31
ALE:
20.39
FE:
1.28
ALE:
2.76
FE:
1.76
ALE:
2.47
FE:
1.93
ALE:
1.32
FE:
$13.95B
ALE:
$1.53B
FE:
$7.92B
ALE:
$440.30M
FE:
$4.27B
ALE:
$466.70M
Returns By Period
In the year-to-date period, FE achieves a 7.67% return, which is significantly higher than ALE's 2.63% return. Over the past 10 years, FE has underperformed ALE with an annualized return of 6.20%, while ALE has yielded a comparatively higher 6.70% annualized return.
FE
7.67%
-1.66%
0.66%
8.58%
3.44%
4.21%
6.20%
ALE
2.63%
0.46%
2.51%
7.66%
6.31%
6.58%
6.70%
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Risk-Adjusted Performance
FE vs. ALE — Risk-Adjusted Performance Rank
FE
ALE
FE vs. ALE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FirstEnergy Corp. (FE) and ALLETE, Inc. (ALE). 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.
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Dividends
FE vs. ALE - Dividend Comparison
FE's dividend yield for the trailing twelve months is around 4.10%, less than ALE's 4.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FE FirstEnergy Corp. | 4.10% | 4.24% | 4.31% | 3.72% | 3.75% | 5.10% | 3.13% | 3.83% | 4.70% | 4.65% | 4.54% | 3.69% |
ALE ALLETE, Inc. | 4.41% | 4.35% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% |
Drawdowns
FE vs. ALE - Drawdown Comparison
The maximum FE drawdown since its inception was -55.75%, smaller than the maximum ALE drawdown of -74.12%. Use the drawdown chart below to compare losses from any high point for FE and ALE.
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Volatility
FE vs. ALE - Volatility Comparison
FirstEnergy Corp. (FE) has a higher volatility of 5.19% compared to ALLETE, Inc. (ALE) at 1.08%. This indicates that FE's price experiences larger fluctuations and is considered to be riskier than ALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
FE vs. ALE - Financials Comparison
This section allows you to compare key financial metrics between FirstEnergy Corp. and ALLETE, 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
FE vs. ALE - Profitability Comparison
FE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, FirstEnergy Corp. reported a gross profit of 2.53B and revenue of 3.77B. Therefore, the gross margin over that period was 67.1%.
ALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, ALLETE, Inc. reported a gross profit of 140.30M and revenue of 400.20M. Therefore, the gross margin over that period was 35.1%.
FE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, FirstEnergy Corp. reported an operating income of 754.00M and revenue of 3.77B, resulting in an operating margin of 20.0%.
ALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, ALLETE, Inc. reported an operating income of 53.00M and revenue of 400.20M, resulting in an operating margin of 13.2%.
FE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, FirstEnergy Corp. reported a net income of 360.00M and revenue of 3.77B, resulting in a net margin of 9.6%.
ALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, ALLETE, Inc. reported a net income of 56.10M and revenue of 400.20M, resulting in a net margin of 14.0%.