LEO vs. SO
LEO (BNY Mellon Strategic Municipals, Inc.) and SO (The Southern Company) are both stocks. LEO operates in Asset Management (Financial Services), while SO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, LEO returned 1.01%/yr vs 10.91%/yr for SO. At a 0.13 correlation, their price movements are largely independent.
Performance
LEO vs. SO - Performance Comparison
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Returns By Period
In the year-to-date period, LEO achieves a 2.96% return, which is significantly lower than SO's 11.11% return. Over the past 10 years, LEO has underperformed SO with an annualized return of 1.01%, while SO has yielded a comparatively higher 10.91% annualized return.
LEO
- 1D
- 0.00%
- 1M
- 2.07%
- YTD
- 2.96%
- 6M
- 4.77%
- 1Y
- 15.47%
- 3Y*
- 6.09%
- 5Y*
- -2.22%
- 10Y*
- 1.01%
SO
- 1D
- 1.61%
- 1M
- 0.84%
- YTD
- 11.11%
- 6M
- 12.15%
- 1Y
- 8.59%
- 3Y*
- 14.57%
- 5Y*
- 13.46%
- 10Y*
- 10.91%
LEO vs. SO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 2.96% | 9.85% | 6.94% | 0.07% | -24.13% | 4.53% | 5.03% | 24.76% | -12.13% | 9.07% |
SO The Southern Company | 11.11% | 9.47% | 21.72% | 2.21% | 8.24% | 16.34% | 0.63% | 51.65% | -3.75% | 2.42% |
Correlation
The correlation between LEO and SO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.13 |
Fundamentals
LEO:
$398.04M
SO:
$107.08B
LEO:
$0.24
SO:
$3.92
LEO:
26.62
SO:
24.22
LEO:
0.02
SO:
1.50
LEO:
7.20
SO:
3.50
LEO:
0.95
SO:
2.88
LEO:
$55.30M
SO:
$30.17B
LEO:
$37.67M
SO:
$13.01B
LEO:
$3.53M
SO:
$14.44B
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Return for Risk
LEO vs. SO — Risk / Return Rank
LEO
SO
LEO vs. SO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Strategic Municipals, Inc. (LEO) and The Southern Company (SO). 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.
| LEO | SO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.10 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.58 | +1.71 |
| Martin ratioReturn relative to average drawdown | 8.54 | 1.34 | +7.20 |
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Drawdowns
LEO vs. SO - Drawdown Comparison
The maximum LEO drawdown since its inception was -47.35%, which is greater than SO's maximum drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for LEO and SO.
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Drawdown Indicators
| LEO | SO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.35% | -38.43% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -14.99% | +8.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -14.99% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -41.53% | -23.28% | -18.25% |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | -38.43% | -3.10% |
Current DrawdownCurrent decline from peak | -16.72% | -3.00% | -13.72% |
Average DrawdownAverage peak-to-trough decline | -9.80% | -6.87% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 6.42% | -4.60% |
Volatility
LEO vs. SO - Volatility Comparison
The current volatility for BNY Mellon Strategic Municipals, Inc. (LEO) is 2.84%, while The Southern Company (SO) has a volatility of 6.03%. This indicates that LEO experiences smaller price fluctuations and is considered to be less risky than SO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEO | SO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 6.03% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 13.11% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 16.29% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 18.62% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 21.99% | -8.06% |
Dividends
LEO vs. SO - Dividend Comparison
LEO's dividend yield for the trailing twelve months is around 4.62%, more than SO's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 4.62% | 4.03% | 3.77% | 4.37% | 5.66% | 4.84% | 4.95% | 4.94% | 5.96% | 5.97% | 6.14% | 6.04% |
SO The Southern Company | 3.57% | 3.37% | 3.47% | 3.96% | 3.78% | 3.82% | 4.13% | 3.86% | 5.42% | 4.78% | 4.52% | 4.60% |
Financials
LEO vs. SO - Financials Comparison
This section allows you to compare key financial metrics between BNY Mellon Strategic Municipals, Inc. and The Southern Company. 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
LEO vs. SO - Profitability Comparison
LEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BNY Mellon Strategic Municipals, Inc. reported a gross profit of 13.26M and revenue of 15.09M. Therefore, the gross margin over that period was 87.9%.
SO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Southern Company reported a gross profit of 3.90B and revenue of 8.40B. Therefore, the gross margin over that period was 46.5%.
LEO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BNY Mellon Strategic Municipals, Inc. reported an operating income of 8.63M and revenue of 15.09M, resulting in an operating margin of 57.2%.
SO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Southern Company reported an operating income of 2.02B and revenue of 8.40B, resulting in an operating margin of 24.0%.
LEO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BNY Mellon Strategic Municipals, Inc. reported a net income of 5.22M and revenue of 15.09M, resulting in a net margin of 34.6%.
SO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Southern Company reported a net income of 1.36B and revenue of 8.40B, resulting in a net margin of 16.2%.
Frequently Asked Questions
LEO and SO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SO has higher volatility (6.03%) compared to LEO (2.84%). In terms of maximum drawdown, LEO dropped -47.35% vs SO's -38.43%.
LEO currently has the higher Sharpe Ratio (1.47 vs 0.53), 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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