NWN vs. POR
NWN (Northwest Natural Holding Company) and POR (Portland General Electric Company) are both stocks. Both are in the Utilities sector — NWN in Utilities - Regulated Gas, POR in Utilities - Regulated Electric. Over the past 10 years, NWN returned 1.38%/yr vs 5.47%/yr for POR. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
NWN vs. POR - Performance Comparison
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Returns By Period
In the year-to-date period, NWN achieves a 6.28% return, which is significantly higher than POR's 5.67% return. Over the past 10 years, NWN has underperformed POR with an annualized return of 1.38%, while POR has yielded a comparatively higher 5.47% annualized return.
NWN
- 1D
- -0.65%
- 1M
- -2.46%
- YTD
- 6.28%
- 6M
- 5.54%
- 1Y
- 28.28%
- 3Y*
- 10.05%
- 5Y*
- 3.24%
- 10Y*
- 1.38%
POR
- 1D
- 0.02%
- 1M
- 0.74%
- YTD
- 5.67%
- 6M
- 6.85%
- 1Y
- 29.68%
- 3Y*
- 7.30%
- 5Y*
- 5.52%
- 10Y*
- 5.47%
NWN vs. POR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWN Northwest Natural Holding Company | 6.28% | 23.75% | 6.77% | -14.45% | 1.49% | 10.26% | -35.52% | 25.46% | 4.48% | 2.82% |
POR Portland General Electric Company | 5.67% | 15.37% | 5.30% | -7.74% | -4.00% | 28.12% | -20.19% | 25.10% | 3.95% | 8.31% |
Correlation
The correlation between NWN and POR is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2006 | 0.63 |
The correlation between NWN and POR has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
Fundamentals
NWN:
$4.01
POR:
$2.25
NWN:
12.15
POR:
22.32
NWN:
3.19
POR:
13.87
NWN:
1.16
POR:
1.61
NWN:
$1.29B
POR:
$3.48B
NWN:
$288.00M
POR:
$1.67B
NWN:
$426.96M
POR:
$1.13B
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Return for Risk
NWN vs. POR — Risk / Return Rank
NWN
POR
NWN vs. POR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Natural Holding Company (NWN) and Portland General Electric Company (POR). 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.
| NWN | POR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.33 | -0.22 |
| Martin ratioReturn relative to average drawdown | 5.90 | 7.35 | -1.45 |
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Drawdowns
NWN vs. POR - Drawdown Comparison
The maximum NWN drawdown since its inception was -46.27%, smaller than the maximum POR drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for NWN and POR.
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Drawdown Indicators
| NWN | POR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.27% | -53.30% | +7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -12.80% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -19.99% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -32.09% | -27.54% | -4.55% |
Max Drawdown (10Y)Largest decline over 10 years | -46.27% | -45.04% | -1.23% |
Current DrawdownCurrent decline from peak | -17.41% | -7.43% | -9.98% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -14.03% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 4.05% | +0.76% |
Volatility
NWN vs. POR - Volatility Comparison
The current volatility for Northwest Natural Holding Company (NWN) is 5.48%, while Portland General Electric Company (POR) has a volatility of 6.66%. This indicates that NWN experiences smaller price fluctuations and is considered to be less risky than POR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWN | POR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 6.66% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 13.97% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 18.58% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.78% | 20.81% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.16% | 24.08% | +4.08% |
Dividends
NWN vs. POR - Dividend Comparison
NWN's dividend yield for the trailing twelve months is around 4.04%, less than POR's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWN Northwest Natural Holding Company | 4.04% | 4.20% | 4.94% | 4.99% | 4.06% | 3.94% | 4.16% | 2.58% | 3.13% | 3.16% | 3.13% | 3.68% |
POR Portland General Electric Company | 4.18% | 4.32% | 4.53% | 4.33% | 3.65% | 3.21% | 3.71% | 2.72% | 3.11% | 2.94% | 2.91% | 3.24% |
Financials
NWN vs. POR - Financials Comparison
This section allows you to compare key financial metrics between Northwest Natural Holding Company and Portland General Electric Company. 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
NWN vs. POR - Profitability Comparison
NWN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported a gross profit of 0.00 and revenue of 490.40M. Therefore, the gross margin over that period was 0.0%.
POR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Portland General Electric Company reported a gross profit of 518.00M and revenue of 879.00M. Therefore, the gross margin over that period was 58.9%.
NWN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported an operating income of 162.87M and revenue of 490.40M, resulting in an operating margin of 33.2%.
POR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Portland General Electric Company reported an operating income of 107.00M and revenue of 879.00M, resulting in an operating margin of 12.2%.
NWN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported a net income of 97.49M and revenue of 490.40M, resulting in a net margin of 19.9%.
POR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Portland General Electric Company reported a net income of 45.00M and revenue of 879.00M, resulting in a net margin of 5.1%.
Frequently Asked Questions
NWN and POR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
POR has higher volatility (6.66%) compared to NWN (5.48%). In terms of maximum drawdown, NWN dropped -46.27% vs POR's -53.30%.
POR currently has the higher Sharpe Ratio (1.61 vs 1.42), 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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