MGEE vs. ALE
MGEE (MGE Energy, Inc.) and ALE (ALLETE, Inc.) are both stocks. Both operate in the Utilities - Diversified industry within the Utilities sector. Over the past 10 years, MGEE returned 5.82%/yr vs 5.06%/yr for ALE. At a 0.40 correlation, their price movements are largely independent.
Performance
MGEE vs. ALE - Performance Comparison
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Returns By Period
Over the past 10 years, MGEE has outperformed ALE with an annualized return of 5.82%, while ALE has yielded a comparatively lower 5.06% annualized return.
MGEE
- 1D
- 2.44%
- 1M
- -7.11%
- YTD
- -3.97%
- 6M
- -5.19%
- 1Y
- -15.65%
- 3Y*
- 2.70%
- 5Y*
- 1.83%
- 10Y*
- 5.82%
ALE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.47%
- 1Y
- 5.13%
- 3Y*
- 7.20%
- 5Y*
- 3.36%
- 10Y*
- 5.06%
MGEE vs. ALE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGEE MGE Energy, Inc. | -3.97% | -14.75% | 32.80% | 5.10% | -12.57% | 19.90% | -9.30% | 34.04% | -2.90% | -1.48% |
ALE ALLETE, Inc. | 0.00% | 8.35% | 10.89% | -0.65% | 1.49% | 11.19% | -20.47% | 9.62% | 5.60% | 19.38% |
Correlation
The correlation between MGEE and ALE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.40 |
The correlation between MGEE and ALE shifts across timeframes, from 0.24 (1 year) to 0.60 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MGEE:
$2.72B
ALE:
$3.95B
MGEE:
$3.90
ALE:
$2.85
MGEE:
19.06
ALE:
23.83
MGEE:
3.03
ALE:
198.23
MGEE:
3.55
ALE:
2.63
MGEE:
2.18
ALE:
1.39
MGEE:
$767.39M
ALE:
$1.50B
MGEE:
$744.92M
ALE:
$416.20M
MGEE:
$282.54M
ALE:
$474.50M
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Return for Risk
MGEE vs. ALE — Risk / Return Rank
MGEE
ALE
MGEE vs. ALE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MGE Energy, Inc. (MGEE) 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.
| MGEE | ALE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.77 | 1.06 | -1.83 |
Sortino ratioReturn per unit of downside risk | -0.94 | 2.26 | -3.20 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.36 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.28 | -2.10 |
Martin ratioReturn relative to average drawdown | -1.55 | 5.88 | -7.42 |
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
| MGEE | ALE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 1.06 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.19 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.22 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.40 | -0.02 |
Drawdowns
MGEE vs. ALE - Drawdown Comparison
The maximum MGEE drawdown since its inception was -33.91%, smaller than the maximum ALE drawdown of -48.82%. Use the drawdown chart below to compare losses from any high point for MGEE and ALE.
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Drawdown Indicators
| MGEE | ALE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -48.82% | +14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -19.07% | -4.96% | -14.11% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -18.49% | -12.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.88% | -30.13% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -33.91% | -42.22% | +8.31% |
Current DrawdownCurrent decline from peak | -28.58% | -0.66% | -27.92% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -12.08% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.14% | 1.08% | +9.06% |
Volatility
MGEE vs. ALE - Volatility Comparison
MGE Energy, Inc. (MGEE) has a higher volatility of 9.76% compared to ALLETE, Inc. (ALE) at 0.00%. This indicates that MGEE'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.
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Volatility by Period
| MGEE | ALE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 0.00% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 0.84% | +15.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 5.81% | +14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.31% | 18.48% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 23.89% | +3.54% |
Dividends
MGEE vs. ALE - Dividend Comparison
MGEE's dividend yield for the trailing twelve months is around 2.55%, more than ALE's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALE ALLETE, Inc. | 1.08% | 3.23% | 4.35% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% |
MGEE MGE Energy, Inc. | 2.55% | 2.36% | 1.87% | 2.31% | 2.26% | 1.84% | 2.06% | 1.75% | 2.20% | 2.00% | 1.85% | 2.49% |
Financials
MGEE vs. ALE - Financials Comparison
This section allows you to compare key financial metrics between MGE Energy, Inc. and ALLETE, 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
MGEE vs. ALE - Profitability Comparison
MGEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MGE Energy, Inc. reported a gross profit of 240.24M and revenue of 242.70M. Therefore, the gross margin over that period was 99.0%.
ALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
MGEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MGE Energy, Inc. reported an operating income of 53.15M and revenue of 242.70M, resulting in an operating margin of 21.9%.
ALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ALLETE, Inc. reported an operating income of 29.60M and revenue of 375.00M, resulting in an operating margin of 7.9%.
MGEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MGE Energy, Inc. reported a net income of 48.48M and revenue of 242.70M, resulting in a net margin of 20.0%.
ALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ALLETE, Inc. reported a net income of 27.10M and revenue of 375.00M, resulting in a net margin of 7.2%.
Frequently Asked Questions
MGEE and ALE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGEE has higher volatility (9.76%) compared to ALE (0.00%). In terms of maximum drawdown, MGEE dropped -33.91% vs ALE's -48.82%.
ALE currently has the higher Sharpe Ratio (1.06 vs -0.77), 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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