NEE vs. XEL
NEE (NextEra Energy, Inc.) and XEL (Xcel Energy Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, NEE returned 13.51%/yr vs 9.59%/yr for XEL. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
NEE vs. XEL - Performance Comparison
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Returns By Period
In the year-to-date period, NEE achieves a 8.63% return, which is significantly higher than XEL's 8.05% return. Over the past 10 years, NEE has outperformed XEL with an annualized return of 13.51%, while XEL has yielded a comparatively lower 9.59% annualized return.
NEE
- 1D
- 1.36%
- 1M
- -9.47%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
XEL
- 1D
- 1.21%
- 1M
- -1.01%
- YTD
- 8.05%
- 6M
- 7.01%
- 1Y
- 19.86%
- 3Y*
- 11.62%
- 5Y*
- 5.95%
- 10Y*
- 9.59%
NEE vs. XEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
XEL Xcel Energy Inc. | 8.05% | 13.89% | 12.32% | -8.67% | 6.44% | 4.40% | 7.77% | 32.37% | 5.88% | 21.91% |
Correlation
The correlation between NEE and XEL is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2003 | 0.66 |
The correlation between NEE and XEL shifts across timeframes, from 0.55 (1 year) to 0.66 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NEE:
$5.27
XEL:
$3.50
NEE:
16.32
XEL:
22.61
NEE:
0.83
XEL:
5.83
NEE:
4.78
XEL:
3.20
NEE:
$27.93B
XEL:
$14.78B
NEE:
$13.35B
XEL:
$1.88B
NEE:
$14.56B
XEL:
$6.26B
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Return for Risk
NEE vs. XEL — Risk / Return Rank
NEE
XEL
NEE vs. XEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) and Xcel Energy Inc. (XEL). 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.
| NEE | XEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.60 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.78 | 4.14 | -0.36 |
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Drawdowns
NEE vs. XEL - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum XEL drawdown of -80.64%. Use the drawdown chart below to compare losses from any high point for NEE and XEL.
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Drawdown Indicators
| NEE | XEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -80.64% | +32.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -11.50% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | -24.42% | -10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | -34.41% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -34.41% | -10.56% |
Current DrawdownCurrent decline from peak | -11.50% | -4.89% | -6.61% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -11.32% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 4.45% | +0.80% |
Volatility
NEE vs. XEL - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 8.52% compared to Xcel Energy Inc. (XEL) at 6.90%. This indicates that NEE's price experiences larger fluctuations and is considered to be riskier than XEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEE | XEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 6.90% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 14.38% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 19.13% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 20.80% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 21.69% | +3.80% |
Dividends
NEE vs. XEL - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, less than XEL's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
XEL Xcel Energy Inc. | 2.19% | 3.83% | 2.43% | 3.36% | 2.78% | 2.70% | 2.58% | 2.55% | 3.09% | 2.99% | 3.34% | 3.56% |
Financials
NEE vs. XEL - Financials Comparison
This section allows you to compare key financial metrics between NextEra Energy, Inc. and Xcel Energy 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
NEE vs. XEL - Profitability Comparison
NEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported a gross profit of 0.00 and revenue of 6.70B. Therefore, the gross margin over that period was 0.0%.
XEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported a gross profit of 0.00 and revenue of 4.02B. Therefore, the gross margin over that period was 0.0%.
NEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported an operating income of 2.21B and revenue of 6.70B, resulting in an operating margin of 33.0%.
XEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported an operating income of 754.00M and revenue of 4.02B, resulting in an operating margin of 18.8%.
NEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported a net income of 2.18B and revenue of 6.70B, resulting in a net margin of 32.6%.
XEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported a net income of 556.00M and revenue of 4.02B, resulting in a net margin of 13.8%.
Frequently Asked Questions
NEE and XEL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.52%) compared to XEL (6.90%). In terms of maximum drawdown, NEE dropped -47.81% vs XEL's -80.64%.
XEL currently has the higher Sharpe Ratio (0.96 vs 0.84), 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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