FE vs. ALE

Last updated Apr 1, 2026

Compare and contrast key facts about FirstEnergy Corp. (FE) and ALLETE, Inc. (ALE).

Performance

FE vs. ALE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FirstEnergy Corp. (FE) and ALLETE, Inc. (ALE). The values are adjusted to include any dividend payments, if applicable.

FE vs. ALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FE FirstEnergy Corp.	14.24%	17.26%	13.24%	-8.86%	4.79%	41.81%	-34.18%	34.13%	27.85%	3.61%
ALE ALLETE, Inc.	0.00%	8.35%	10.89%	-0.65%	1.49%	11.19%	-20.47%	9.62%	5.60%	19.38%

Fundamentals

Market Cap FE : $29.28B ALE : $3.95B
EPS FE : $2.20 ALE : $2.85
PE Ratio FE : 23.06 ALE : 23.83
PEG Ratio FE : 0.99 ALE : 198.23
PS Ratio FE : 1.94 ALE : 2.63
PB Ratio FE : 2.34 ALE : 1.39
Total Revenue (TTM) FE : $15.09B ALE : $1.50B
Gross Profit (TTM) FE : $9.86B ALE : $416.20M
EBITDA (TTM) FE : $2.21B ALE : $474.50M

Returns By Period

Over the past 10 years, FE has outperformed ALE with an annualized return of 7.87%, while ALE has yielded a comparatively lower 5.71% annualized return.

FE

• 1D: 0.48%
• 1M: -0.98%
• YTD: 14.24%
• 6M: 12.71%
• 1Y: 30.44%
• 3Y*: 12.74%
• 5Y*: 12.61%
• 10Y*: 7.87%

ALE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.26%
• 1Y: 5.68%
• 3Y*: 5.76%
• 5Y*: 4.17%
• 10Y*: 5.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FE vs. ALE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FE

FE Risk / Return Rank: 89
FE Sharpe Ratio Rank: 91
FE Sortino Ratio Rank: 89
FE Omega Ratio Rank: 87
FE Calmar Ratio Rank: 91
FE Martin Ratio Rank: 87

ALE

ALE Risk / Return Rank: 77
ALE Sharpe Ratio Rank: 76
ALE Sortino Ratio Rank: 79
ALE Omega Ratio Rank: 80
ALE Calmar Ratio Rank: 70
ALE Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FE vs. ALE - Risk-Adjusted Trends 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.

	FE	ALE	Difference
Sharpe ratio Return per unit of total volatility	1.97	1.05	+0.92
Sortino ratio Return per unit of downside risk	2.69	2.02	+0.67
Omega ratio Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio Return relative to maximum drawdown	4.09	1.41	+2.68
Martin ratio Return relative to average drawdown	8.84	6.08	+2.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FE vs. ALE - Sharpe Ratio Comparison

The current FE Sharpe Ratio is 1.97, which is higher than the ALE Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FE and ALE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FE	ALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.05	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.23	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.24	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.40	-0.11

Correlation

The correlation between FE and ALE is 0.48, 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

FE vs. ALE - Dividend Comparison

FE's dividend yield for the trailing twelve months is around 3.51%, more than ALE's 2.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FE FirstEnergy Corp.	3.51%	3.93%	4.24%	4.31%	3.72%	3.75%	5.10%	3.13%	3.83%	4.70%	4.65%	4.54%
ALE ALLETE, Inc.	2.15%	3.23%	4.35%	4.43%	4.03%	3.80%	3.99%	2.90%	2.94%	2.88%	3.24%	3.97%

Drawdowns

FE vs. ALE - Drawdown Comparison

The maximum FE drawdown since its inception was -55.75%, which is greater than ALE's maximum drawdown of -48.82%. Use the drawdown chart below to compare losses from any high point for FE and ALE.

Drawdown Indicators

	FE	ALE	Difference
Max Drawdown Largest peak-to-trough decline	-55.75%	-48.82%	-6.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-4.96%	-2.77%
Max Drawdown (5Y) Largest decline over 5 years	-28.59%	-30.13%	+1.54%
Max Drawdown (10Y) Largest decline over 10 years	-47.68%	-42.22%	-5.46%
Current Drawdown Current decline from peak	-2.13%	-0.66%	-1.47%
Average Drawdown Average peak-to-trough decline	-21.33%	-12.11%	-9.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	1.15%	+2.43%

Volatility

FE vs. ALE - Volatility Comparison

FirstEnergy Corp. (FE) has a higher volatility of 4.57% compared to ALLETE, Inc. (ALE) at 0.00%. 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.

Volatility by Period

	FE	ALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	0.00%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	4.37%	+5.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	6.47%	+9.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	18.87%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	24.01%	+0.87%

Financials

FE vs. ALE - Profitability Comparison

The chart below illustrates the profitability comparison between FirstEnergy Corp. and ALLETE, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, FirstEnergy Corp. reported a gross profit of 2.57B and revenue of 3.80B. Therefore, the gross margin over that period was 67.6%.

ALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported a gross profit of 46.20M and revenue of 375.00M. Therefore, the gross margin over that period was 12.3%.

FE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, FirstEnergy Corp. reported an operating income of -24.00M and revenue of 3.80B, resulting in an operating margin of -0.6%.

ALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported an operating income of 29.60M and revenue of 375.00M, resulting in an operating margin of 7.9%.

FE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, FirstEnergy Corp. reported a net income of 202.00M and revenue of 3.80B, resulting in a net margin of 5.3%.

ALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported a net income of 27.10M and revenue of 375.00M, resulting in a net margin of 7.2%.