PBA vs. NEE
PBA (Pembina Pipeline Corporation) and NEE (NextEra Energy, Inc.) are both stocks. PBA operates in Oil & Gas Midstream (Energy), while NEE operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, PBA returned 10.71%/yr vs 13.66%/yr for NEE. At a 0.24 correlation, their price movements are largely independent.
Performance
PBA vs. NEE - Performance Comparison
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Returns By Period
In the year-to-date period, PBA achieves a 24.75% return, which is significantly higher than NEE's 9.01% return. Over the past 10 years, PBA has underperformed NEE with an annualized return of 10.71%, while NEE has yielded a comparatively higher 13.66% annualized return.
PBA
- 1D
- 0.59%
- 1M
- -5.35%
- YTD
- 24.75%
- 6M
- 28.08%
- 1Y
- 29.93%
- 3Y*
- 21.72%
- 5Y*
- 13.26%
- 10Y*
- 10.71%
NEE
- 1D
- -0.77%
- 1M
- -1.84%
- YTD
- 9.01%
- 6M
- 9.33%
- 1Y
- 24.12%
- 3Y*
- 8.32%
- 5Y*
- 6.05%
- 10Y*
- 13.66%
PBA vs. NEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 24.75% | 8.55% | 13.16% | 7.81% | 18.33% | 36.99% | -30.57% | 31.15% | -13.66% | 21.15% |
NEE NextEra Energy, Inc. | 9.01% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
Correlation
The correlation between PBA and NEE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2010 | 0.24 |
The correlation between PBA and NEE shifts across timeframes, from 0.17 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PBA:
CA$2.91
NEE:
$5.27
PBA:
22.64
NEE:
16.34
PBA:
0.87
NEE:
0.83
PBA:
5.06
NEE:
4.79
PBA:
CA$7.57B
NEE:
$27.93B
PBA:
CA$3.06B
NEE:
$13.35B
PBA:
CA$3.69B
NEE:
$14.56B
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Return for Risk
PBA vs. NEE — Risk / Return Rank
PBA
NEE
PBA vs. NEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PBA) and NextEra Energy, Inc. (NEE). 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.
| PBA | NEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.67 | +0.82 |
| Martin ratioReturn relative to average drawdown | 5.67 | 4.49 | +1.18 |
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Drawdowns
PBA vs. NEE - Drawdown Comparison
The maximum PBA drawdown since its inception was -70.87%, which is greater than NEE's maximum drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for PBA and NEE.
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Drawdown Indicators
| PBA | NEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -47.81% | -23.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -14.53% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -34.57% | +16.65% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -44.97% | +17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -44.97% | -25.90% |
Current DrawdownCurrent decline from peak | -5.35% | -11.20% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -15.01% | -8.93% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 5.38% | -0.09% |
Volatility
PBA vs. NEE - Volatility Comparison
The current volatility for Pembina Pipeline Corporation (PBA) is 6.06%, while NextEra Energy, Inc. (NEE) has a volatility of 6.58%. This indicates that PBA experiences smaller price fluctuations and is considered to be less risky than NEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBA | NEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 6.58% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 16.77% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 23.63% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 26.92% | -5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.89% | 25.50% | +7.39% |
Dividends
PBA vs. NEE - Dividend Comparison
PBA's dividend yield for the trailing twelve months is around 4.46%, more than NEE's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 3.00% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
PBA Pembina Pipeline Corporation | 4.46% | 5.34% | 5.39% | 5.70% | 5.78% | 6.71% | 8.56% | 4.80% | 5.81% | 4.36% | 4.19% | 6.48% |
Financials
PBA vs. NEE - Financials Comparison
This section allows you to compare key financial metrics between Pembina Pipeline Corporation and NextEra 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
PBA vs. NEE - Profitability Comparison
PBA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a gross profit of 797.05M and revenue of 2.07B. Therefore, the gross margin over that period was 38.5%.
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%.
PBA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported an operating income of 670.73M and revenue of 2.07B, resulting in an operating margin of 32.4%.
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%.
PBA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a net income of 499.29M and revenue of 2.07B, resulting in a net margin of 24.1%.
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%.
Frequently Asked Questions
PBA and NEE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (6.58%) compared to PBA (6.06%). In terms of maximum drawdown, PBA dropped -70.87% vs NEE's -47.81%.
PBA currently has the higher Sharpe Ratio (1.55 vs 1.03), 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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