FTS vs. MA

Last updated Jun 9, 2026

FTS (Fortis Inc) and MA (Mastercard Incorporated) are both stocks. FTS operates in Utilities - Regulated Electric (Utilities), while MA operates in Credit Services (Financial Services). Over the past 10 years, FTS returned 9.61%/yr vs 18.40%/yr for MA. At a 0.24 correlation, their price movements are largely independent.

Performance

FTS vs. MA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortis Inc (FTS) and Mastercard Incorporated (MA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTS achieves a 7.82% return, which is significantly higher than MA's -14.65% return. Over the past 10 years, FTS has underperformed MA with an annualized return of 9.61%, while MA has yielded a comparatively higher 18.40% annualized return.

FTS

• 1D: -1.47%
• 1M: -0.98%
• YTD: 7.82%
• 6M: 10.63%
• 1Y: 19.97%
• 3Y*: 13.17%
• 5Y*: 7.82%
• 10Y*: 9.61%

MA

• 1D: -1.10%
• 1M: -1.98%
• YTD: -14.65%
• 6M: -9.84%
• 1Y: -17.21%
• 3Y*: 10.21%
• 5Y*: 6.59%
• 10Y*: 18.40%

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

FTS vs. MA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTS Fortis Inc	7.82%	29.62%	5.81%	7.38%	-13.69%	22.73%	1.91%	29.00%	-5.86%	24.45%
MA Mastercard Incorporated	-14.65%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%

Correlation

The correlation between FTS and MA is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.24

Over the past year, the correlation between FTS and MA has dropped to 0.04 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Fundamentals

Market Cap FTS : $28.01B MA : $433.70B
EPS FTS : $3.40 MA : $17.28
PE Ratio FTS : 16.21 MA : 28.11
PEG Ratio FTS : 2.36 MA : 1.64
PS Ratio FTS : 2.39 MA : 12.90
PB Ratio FTS : 1.23 MA : 64.52
Total Revenue (TTM) FTS : $12.22B MA : $33.94B
Gross Profit (TTM) FTS : $7.44B MA : $26.70B
EBITDA (TTM) FTS : $5.80B MA : $21.23B

Return for Risk

FTS vs. MA — Risk / Return Rank

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

FTS

FTS Risk / Return Rank: 82
FTS Sharpe Ratio Rank: 82
FTS Sortino Ratio Rank: 80
FTS Omega Ratio Rank: 77
FTS Calmar Ratio Rank: 85
FTS Martin Ratio Rank: 85

MA

MA Risk / Return Rank: 9
MA Sharpe Ratio Rank: 10
MA Sortino Ratio Rank: 12
MA Omega Ratio Rank: 13
MA Calmar Ratio Rank: 10
MA Martin Ratio Rank: 3

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.

FTS vs. MA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc (FTS) and Mastercard Incorporated (MA). 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.

	FTS	MA	Difference
Sharpe ratio: Return per unit of total volatility	1.50	-0.78	+2.28
Sortino ratio: Return per unit of downside risk	2.20	-0.97	+3.17
Omega ratio: Gain probability vs. loss probability	1.27	0.88	+0.39
Calmar ratio: Return relative to maximum drawdown	3.22	-0.83	+4.05
Martin ratio: Return relative to average drawdown	8.05	-1.68	+9.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTS vs. MA - Sharpe Ratio Comparison

The current FTS Sharpe Ratio is 1.50, which is higher than the MA Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of FTS and MA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTS	MA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	-0.78	+2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.28	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.69	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.83	-0.23

Drawdowns

FTS vs. MA - Drawdown Comparison

The maximum FTS drawdown since its inception was -34.36%, smaller than the maximum MA drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for FTS and MA.

Drawdown Indicators

	FTS	MA	Difference
Max Drawdown Largest peak-to-trough decline	-34.36%	-62.67%	+28.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-20.91%	+14.68%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-20.91%	+6.45%
Max Drawdown (5Y) Largest decline over 5 years	-29.96%	-28.25%	-1.71%
Max Drawdown (10Y) Largest decline over 10 years	-34.36%	-41.00%	+6.64%
Current Drawdown Current decline from peak	-5.16%	-18.55%	+13.39%
Average Drawdown Average peak-to-trough decline	-6.84%	-9.82%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	10.26%	-7.77%

Volatility

FTS vs. MA - Volatility Comparison

The current volatility for Fortis Inc (FTS) is 4.54%, while Mastercard Incorporated (MA) has a volatility of 6.33%. This indicates that FTS experiences smaller price fluctuations and is considered to be less risky than MA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS	MA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	6.33%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	17.37%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	22.28%	-8.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	23.99%	-7.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	26.93%	-7.99%

Dividends

FTS vs. MA - Dividend Comparison

FTS's dividend yield for the trailing twelve months is around 3.34%, more than MA's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTS Fortis Inc	3.34%	3.42%	4.62%	4.50%	4.48%	3.40%	3.54%	3.31%	3.35%	4.43%	4.94%	0.00%
MA Mastercard Incorporated	0.67%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%

Financials

FTS vs. MA - Profitability Comparison

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

FTS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.

MA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mastercard Incorporated reported a gross profit of 4.91B and revenue of 8.40B. Therefore, the gross margin over that period was 58.4%.

FTS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.

MA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mastercard Incorporated reported an operating income of 4.91B and revenue of 8.40B, resulting in an operating margin of 58.4%.

FTS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.

MA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mastercard Incorporated reported a net income of 3.88B and revenue of 8.40B, resulting in a net margin of 46.2%.

Frequently Asked Questions

Can I hold both FTS and MA in my portfolio?

FTS and MA have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTS or MA?

MA has higher volatility (6.33%) compared to FTS (4.54%). In terms of maximum drawdown, FTS dropped -34.36% vs MA's -62.67%.

Which has better risk-adjusted returns?

FTS currently has the higher Sharpe Ratio (1.50 vs -0.78), 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.