MFG vs. ATO
MFG (Mizuho Financial Group, Inc.) and ATO (Atmos Energy Corporation) are both stocks. MFG operates in Banks - Regional (Financial Services), while ATO operates in Utilities - Regulated Gas (Utilities). Over the past 10 years, MFG returned 15.72%/yr vs 10.94%/yr for ATO. At a 0.21 correlation, their price movements are largely independent.
Performance
MFG vs. ATO - Performance Comparison
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Returns By Period
In the year-to-date period, MFG achieves a 32.24% return, which is significantly higher than ATO's 2.53% return. Over the past 10 years, MFG has outperformed ATO with an annualized return of 15.72%, while ATO has yielded a comparatively lower 10.94% annualized return.
MFG
- 1D
- 1.68%
- 1M
- 11.39%
- YTD
- 32.24%
- 6M
- 31.34%
- 1Y
- 78.46%
- 3Y*
- 51.80%
- 5Y*
- 30.84%
- 10Y*
- 15.72%
ATO
- 1D
- 1.03%
- 1M
- -3.15%
- YTD
- 2.53%
- 6M
- 2.08%
- 1Y
- 13.57%
- 3Y*
- 15.86%
- 5Y*
- 13.58%
- 10Y*
- 10.94%
MFG vs. ATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFG Mizuho Financial Group, Inc. | 32.24% | 54.60% | 47.85% | 26.14% | 17.09% | 2.40% | -15.06% | 3.00% | -17.58% | 3.21% |
ATO Atmos Energy Corporation | 2.53% | 23.07% | 23.35% | 6.17% | 9.63% | 12.75% | -12.73% | 23.14% | 10.39% | 18.41% |
Correlation
The correlation between MFG and ATO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006 | 0.21 |
The correlation between MFG and ATO shifts across timeframes, from 0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MFG:
$118.10B
ATO:
$28.52B
MFG:
¥101.00
ATO:
$8.23
MFG:
15.35
ATO:
20.66
MFG:
0.56
ATO:
2.03
MFG:
2.22
ATO:
5.70
MFG:
1.66
ATO:
0.99
MFG:
¥8.66T
ATO:
$4.88B
MFG:
¥4.12T
ATO:
$1.61B
MFG:
¥1.63T
ATO:
$2.57B
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Return for Risk
MFG vs. ATO — Risk / Return Rank
MFG
ATO
MFG vs. ATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mizuho Financial Group, Inc. (MFG) and Atmos Energy Corporation (ATO). 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.
| MFG | ATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.15 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.00 | +2.11 |
| Martin ratioReturn relative to average drawdown | 8.25 | 2.99 | +5.26 |
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Drawdowns
MFG vs. ATO - Drawdown Comparison
The maximum MFG drawdown since its inception was -80.57%, which is greater than ATO's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for MFG and ATO.
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Drawdown Indicators
| MFG | ATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.57% | -51.94% | -28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -24.78% | -12.58% | -12.20% |
Max Drawdown (3Y)Largest decline over 3 years | -28.33% | -16.87% | -11.46% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -19.08% | -9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -49.87% | -32.91% | -16.96% |
Current DrawdownCurrent decline from peak | -4.06% | -11.11% | +7.05% |
Average DrawdownAverage peak-to-trough decline | -60.82% | -8.56% | -52.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.31% | 4.18% | +5.13% |
Volatility
MFG vs. ATO - Volatility Comparison
Mizuho Financial Group, Inc. (MFG) has a higher volatility of 10.09% compared to Atmos Energy Corporation (ATO) at 5.26%. This indicates that MFG's price experiences larger fluctuations and is considered to be riskier than ATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFG | ATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 5.26% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.20% | 11.25% | +12.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 15.54% | +15.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.66% | 18.59% | +11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.49% | 21.24% | +5.25% |
Dividends
MFG vs. ATO - Dividend Comparison
MFG's dividend yield for the trailing twelve months is around 0.96%, less than ATO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATO Atmos Energy Corporation | 2.28% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% |
MFG Mizuho Financial Group, Inc. | 0.96% | 2.68% | 3.20% | 3.73% | 4.34% | 2.76% | 2.71% | 0.00% | 0.00% | 1.86% | 3.77% | 3.10% |
Financials
MFG vs. ATO - Financials Comparison
This section allows you to compare key financial metrics between Mizuho Financial Group, Inc. and Atmos Energy Corporation. 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
MFG vs. ATO - Profitability Comparison
MFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mizuho Financial Group, Inc. reported a gross profit of 1.17T and revenue of 2.27T. Therefore, the gross margin over that period was 51.7%.
ATO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a gross profit of 0.00 and revenue of 1.96B. Therefore, the gross margin over that period was 0.0%.
MFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mizuho Financial Group, Inc. reported an operating income of 304.56B and revenue of 2.27T, resulting in an operating margin of 13.4%.
ATO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported an operating income of 764.80M and revenue of 1.96B, resulting in an operating margin of 39.0%.
MFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mizuho Financial Group, Inc. reported a net income of 232.94B and revenue of 2.27T, resulting in a net margin of 10.3%.
ATO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a net income of 581.90M and revenue of 1.96B, resulting in a net margin of 29.7%.
Frequently Asked Questions
MFG and ATO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFG has higher volatility (10.09%) compared to ATO (5.26%). In terms of maximum drawdown, MFG dropped -80.57% vs ATO's -51.94%.
MFG currently has the higher Sharpe Ratio (2.51 vs 0.81), 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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