NRG vs. PEP
NRG (NRG Energy, Inc.) and PEP (PepsiCo, Inc.) are both stocks. NRG operates in Utilities - Independent Power Producers (Utilities), while PEP operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, NRG returned 27.19%/yr vs 5.54%/yr for PEP. At a 0.20 correlation, their price movements are largely independent.
Performance
NRG vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, NRG achieves a -11.87% return, which is significantly lower than PEP's -1.62% return. Over the past 10 years, NRG has outperformed PEP with an annualized return of 27.19%, while PEP has yielded a comparatively lower 5.54% annualized return.
NRG
- 1D
- -0.67%
- 1M
- 11.17%
- 6M
- -5.74%
- YTD
- -11.87%
- 1Y
- -6.37%
- 3Y*
- 59.67%
- 5Y*
- 31.51%
- 10Y*
- 27.19%
PEP
- 1D
- 0.81%
- 1M
- -4.01%
- 6M
- -0.12%
- YTD
- -1.62%
- 1Y
- 6.44%
- 3Y*
- -6.51%
- 5Y*
- 0.98%
- 10Y*
- 5.54%
NRG vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRG NRG Energy, Inc. | -11.87% | 78.91% | 78.58% | 69.36% | -23.47% | 18.54% | -2.14% | 0.69% | 39.59% | 133.69% |
PEP PepsiCo, Inc. | -1.62% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between NRG and PEP is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2003 | 0.20 |
The correlation between NRG and PEP shifts across timeframes, from -0.08 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NRG:
$29.43B
PEP:
$189.18B
NRG:
$1.21
PEP:
$7.65
NRG:
115.43
PEP:
18.11
NRG:
1.73
PEP:
6.26
NRG:
0.85
PEP:
1.96
NRG:
6.87
PEP:
8.58
NRG:
$32.38B
PEP:
$96.90B
NRG:
$4.69B
PEP:
$52.29B
NRG:
$2.57B
PEP:
$18.40B
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Return for Risk
NRG vs. PEP — Risk / Return Rank
NRG
PEP
NRG vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NRG Energy, Inc. (NRG) and PepsiCo, Inc. (PEP). 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.
| NRG | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.34 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.84 | -1.27 |
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Drawdowns
NRG vs. PEP - Drawdown Comparison
The maximum NRG drawdown since its inception was -79.41%, which is greater than PEP's maximum drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for NRG and PEP.
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Drawdown Indicators
| NRG | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -73.92% | -5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -19.03% | -15.21% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -29.17% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -34.24% | -30.32% | -3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -48.76% | -30.32% | -18.44% |
Current DrawdownCurrent decline from peak | -23.98% | -21.05% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -27.98% | -13.66% | -14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.14% | 7.65% | +7.49% |
Volatility
NRG vs. PEP - Volatility Comparison
NRG Energy, Inc. (NRG) has a higher volatility of 10.18% compared to PepsiCo, Inc. (PEP) at 8.37%. This indicates that NRG's price experiences larger fluctuations and is considered to be riskier than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRG | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 8.37% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 33.93% | 16.23% | +17.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.29% | 22.60% | +22.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.00% | 18.68% | +21.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.07% | 19.80% | +19.27% |
Dividends
NRG vs. PEP - Dividend Comparison
NRG's dividend yield for the trailing twelve months is around 1.31%, less than PEP's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRG NRG Energy, Inc. | 1.31% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% |
PEP PepsiCo, Inc. | 4.15% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
NRG vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between NRG Energy, Inc. and PepsiCo, 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
NRG vs. PEP - Profitability Comparison
NRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. Therefore, the gross margin over that period was 0.0%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported a gross profit of 13.11B and revenue of 24.18B. Therefore, the gross margin over that period was 54.2%.
NRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported an operating income of 4.02B and revenue of 24.18B, resulting in an operating margin of 16.6%.
NRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported a net income of 3.00B and revenue of 24.18B, resulting in a net margin of 12.4%.
Frequently Asked Questions
NRG and PEP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRG has higher volatility (10.18%) compared to PEP (8.37%). In terms of maximum drawdown, NRG dropped -79.41% vs PEP's -73.92%.
PEP currently has the higher Sharpe Ratio (0.29 vs -0.14), 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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