IDA vs. WEC
IDA (IDACORP, Inc.) and WEC (WEC Energy Group, Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, IDA returned 9.35%/yr vs 9.47%/yr for WEC. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
IDA vs. WEC - Performance Comparison
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Returns By Period
In the year-to-date period, IDA achieves a 9.37% return, which is significantly higher than WEC's 6.13% return. Both investments have delivered pretty close results over the past 10 years, with IDA having a 9.35% annualized return and WEC not far ahead at 9.47%.
IDA
- 1D
- 0.18%
- 1M
- -6.21%
- YTD
- 9.37%
- 6M
- 8.05%
- 1Y
- 20.22%
- 3Y*
- 12.52%
- 5Y*
- 9.97%
- 10Y*
- 9.35%
WEC
- 1D
- -0.16%
- 1M
- -4.68%
- YTD
- 6.13%
- 6M
- 4.32%
- 1Y
- 5.94%
- 3Y*
- 12.07%
- 5Y*
- 6.84%
- 10Y*
- 9.47%
IDA vs. WEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDA IDACORP, Inc. | 9.37% | 19.19% | 14.95% | -5.97% | -2.07% | 21.45% | -7.47% | 17.70% | 4.55% | 16.45% |
WEC WEC Energy Group, Inc. | 6.13% | 15.96% | 16.11% | -7.00% | -0.45% | 8.66% | 2.49% | 37.05% | 7.87% | 17.11% |
Correlation
The correlation between IDA and WEC is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 1986 | 0.55 |
The correlation between IDA and WEC shifts across timeframes, from 0.55 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IDA:
$7.69B
WEC:
$36.13B
IDA:
$6.02
WEC:
$5.03
IDA:
22.71
WEC:
21.87
IDA:
4.26
WEC:
4.89
IDA:
4.23
WEC:
3.55
IDA:
2.11
WEC:
2.56
IDA:
$1.78B
WEC:
$10.08B
IDA:
$647.06M
WEC:
$5.62B
IDA:
$725.91M
WEC:
$4.04B
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Return for Risk
IDA vs. WEC — Risk / Return Rank
IDA
WEC
IDA vs. WEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDACORP, Inc. (IDA) and WEC Energy Group, Inc. (WEC). 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.
| IDA | WEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 0.53 | +1.78 |
| Martin ratioReturn relative to average drawdown | 5.62 | 1.33 | +4.29 |
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
| IDA | WEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.40 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.36 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.44 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.60 | -0.19 |
Drawdowns
IDA vs. WEC - Drawdown Comparison
The maximum IDA drawdown since its inception was -54.01%, which is greater than WEC's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for IDA and WEC.
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Drawdown Indicators
| IDA | WEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.01% | -45.06% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -11.22% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.94% | -16.01% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -26.02% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | -32.31% | -1.99% |
Current DrawdownCurrent decline from peak | -7.60% | -6.56% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -8.32% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 4.52% | -0.89% |
Volatility
IDA vs. WEC - Volatility Comparison
IDACORP, Inc. (IDA) has a higher volatility of 5.49% compared to WEC Energy Group, Inc. (WEC) at 5.21%. This indicates that IDA's price experiences larger fluctuations and is considered to be riskier than WEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDA | WEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 5.21% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 11.07% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 15.05% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 19.00% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 21.59% | +0.16% |
Dividends
IDA vs. WEC - Dividend Comparison
IDA's dividend yield for the trailing twelve months is around 2.56%, less than WEC's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDA IDACORP, Inc. | 2.56% | 2.73% | 3.07% | 3.25% | 2.82% | 2.54% | 2.83% | 2.40% | 2.58% | 2.45% | 2.58% | 2.82% |
WEC WEC Energy Group, Inc. | 3.35% | 3.39% | 3.55% | 3.71% | 3.10% | 2.79% | 2.75% | 2.56% | 3.19% | 3.13% | 3.38% | 3.81% |
Financials
IDA vs. WEC - Financials Comparison
This section allows you to compare key financial metrics between IDACORP, Inc. and WEC Energy Group, 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
IDA vs. WEC - Profitability Comparison
IDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDACORP, Inc. reported a gross profit of 338.33M and revenue of 403.41M. Therefore, the gross margin over that period was 83.9%.
WEC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, WEC Energy Group, Inc. reported a gross profit of 2.04B and revenue of 3.43B. Therefore, the gross margin over that period was 59.5%.
IDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDACORP, Inc. reported an operating income of 81.21M and revenue of 403.41M, resulting in an operating margin of 20.1%.
WEC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, WEC Energy Group, Inc. reported an operating income of 980.00M and revenue of 3.43B, resulting in an operating margin of 28.5%.
IDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDACORP, Inc. reported a net income of 67.98M and revenue of 403.41M, resulting in a net margin of 16.9%.
WEC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, WEC Energy Group, Inc. reported a net income of 804.70M and revenue of 3.43B, resulting in a net margin of 23.4%.
Frequently Asked Questions
IDA and WEC have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDA has higher volatility (5.49%) compared to WEC (5.21%). In terms of maximum drawdown, IDA dropped -54.01% vs WEC's -45.06%.
IDA currently has the higher Sharpe Ratio (1.26 vs 0.40), 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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