NUE vs. ES
NUE (Nucor Corporation) and ES (Eversource Energy) are both stocks. NUE operates in Steel (Basic Materials), while ES operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, NUE returned 20.15%/yr vs 5.46%/yr for ES. At a 0.18 correlation, their price movements are largely independent.
Performance
NUE vs. ES - Performance Comparison
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Returns By Period
In the year-to-date period, NUE achieves a 55.89% return, which is significantly higher than ES's 3.41% return. Over the past 10 years, NUE has outperformed ES with an annualized return of 20.15%, while ES has yielded a comparatively lower 5.46% annualized return.
NUE
- 1D
- -0.39%
- 1M
- 11.38%
- YTD
- 55.89%
- 6M
- 60.16%
- 1Y
- 111.60%
- 3Y*
- 22.06%
- 5Y*
- 20.51%
- 10Y*
- 20.15%
ES
- 1D
- -3.56%
- 1M
- 3.59%
- YTD
- 3.41%
- 6M
- 5.56%
- 1Y
- 8.73%
- 3Y*
- 3.55%
- 5Y*
- 0.13%
- 10Y*
- 5.46%
NUE vs. ES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUE Nucor Corporation | 55.89% | 42.03% | -31.95% | 33.75% | 17.39% | 118.45% | -1.77% | 11.84% | -16.36% | 9.60% |
ES Eversource Energy | 3.41% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
Correlation
The correlation between NUE and ES is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1984 | 0.18 |
The correlation between NUE and ES shifts across timeframes, from 0.05 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NUE:
$58.10B
ES:
$25.64B
NUE:
$10.12
ES:
$4.68
NUE:
25.03
ES:
14.54
NUE:
1.71
ES:
1.83
NUE:
2.71
ES:
0.00
NUE:
$34.16B
ES:
$13.93B
NUE:
$4.77B
ES:
$4.19B
NUE:
$3.49B
ES:
$4.60B
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Return for Risk
NUE vs. ES — Risk / Return Rank
NUE
ES
NUE vs. ES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nucor Corporation (NUE) and Eversource Energy (ES). 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.
| NUE | ES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.09 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | 0.58 | +5.51 |
| Martin ratioReturn relative to average drawdown | 18.29 | 1.40 | +16.89 |
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
| NUE | ES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.80 | 0.36 | +3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.01 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.23 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.28 | +0.14 |
Drawdowns
NUE vs. ES - Drawdown Comparison
The maximum NUE drawdown since its inception was -68.34%, smaller than the maximum ES drawdown of -73.04%. Use the drawdown chart below to compare losses from any high point for NUE and ES.
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Drawdown Indicators
| NUE | ES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.34% | -73.04% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -15.13% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -47.79% | -28.65% | -19.14% |
Max Drawdown (5Y)Largest decline over 5 years | -47.79% | -41.69% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -57.21% | -41.69% | -15.52% |
Current DrawdownCurrent decline from peak | -3.39% | -14.08% | +10.69% |
Average DrawdownAverage peak-to-trough decline | -21.14% | -19.07% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 6.23% | -0.11% |
Volatility
NUE vs. ES - Volatility Comparison
Nucor Corporation (NUE) and Eversource Energy (ES) have volatilities of 7.99% and 7.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUE | ES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 7.84% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 20.45% | 15.94% | +4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.59% | 24.64% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.70% | 23.94% | +13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.97% | 24.35% | +11.62% |
Dividends
NUE vs. ES - Dividend Comparison
NUE's dividend yield for the trailing twelve months is around 0.88%, less than ES's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.52% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
NUE Nucor Corporation | 0.88% | 1.35% | 1.86% | 1.19% | 1.52% | 1.50% | 3.03% | 2.85% | 2.97% | 2.38% | 2.52% | 3.70% |
Financials
NUE vs. ES - Financials Comparison
This section allows you to compare key financial metrics between Nucor Corporation and Eversource Energy. 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
Frequently Asked Questions
NUE and ES have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUE has higher volatility (7.99%) compared to ES (7.84%). In terms of maximum drawdown, NUE dropped -68.34% vs ES's -73.04%.
NUE currently has the higher Sharpe Ratio (3.80 vs 0.36), 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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