PCG vs. CMS
Compare and contrast key facts about PG&E Corporation (PCG) and CMS Energy Corporation (CMS).
Performance
PCG vs. CMS - Performance Comparison
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PCG vs. CMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCG PG&E Corporation | 9.65% | -19.72% | 12.25% | 10.95% | 33.94% | -2.57% | 14.63% | -54.23% | -47.02% | -24.51% |
CMS CMS Energy Corporation | 11.77% | 8.13% | 18.60% | -5.21% | 0.84% | 9.71% | -0.32% | 30.04% | 8.25% | 17.03% |
Fundamentals
PCG:
$38.69B
CMS:
$23.31B
PCG:
$1.21
CMS:
$3.57
PCG:
14.49
CMS:
21.73
PCG:
1.57
CMS:
2.73
PCG:
$24.94B
CMS:
$8.54B
PCG:
$7.28B
CMS:
$2.35B
PCG:
$10.25B
CMS:
$2.95B
Returns By Period
In the year-to-date period, PCG achieves a 9.65% return, which is significantly lower than CMS's 11.77% return. Over the past 10 years, PCG has underperformed CMS with an annualized return of -10.99%, while CMS has yielded a comparatively higher 9.41% annualized return.
PCG
- 1D
- 0.80%
- 1M
- -7.26%
- YTD
- 9.65%
- 6M
- 17.21%
- 1Y
- 3.24%
- 3Y*
- 3.30%
- 5Y*
- 9.16%
- 10Y*
- -10.99%
CMS
- 1D
- 0.48%
- 1M
- -0.63%
- YTD
- 11.77%
- 6M
- 7.50%
- 1Y
- 6.41%
- 3Y*
- 11.62%
- 5Y*
- 8.32%
- 10Y*
- 9.41%
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Return for Risk
PCG vs. CMS — Risk / Return Rank
PCG
CMS
PCG vs. CMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PG&E Corporation (PCG) and CMS Energy Corporation (CMS). 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.
| PCG | CMS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 0.39 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.36 | 0.62 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.91 | -0.75 |
Martin ratioReturn relative to average drawdown | 0.35 | 1.70 | -1.36 |
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
| PCG | CMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.39 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.44 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.46 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.35 | -0.27 |
Correlation
The correlation between PCG and CMS is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PCG vs. CMS - Dividend Comparison
PCG's dividend yield for the trailing twelve months is around 0.85%, less than CMS's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCG PG&E Corporation | 0.85% | 0.78% | 0.27% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.46% | 3.17% | 3.42% |
CMS CMS Energy Corporation | 2.83% | 3.10% | 3.09% | 3.36% | 3.62% | 2.67% | 2.67% | 2.43% | 2.88% | 2.81% | 2.98% | 3.22% |
Drawdowns
PCG vs. CMS - Drawdown Comparison
The maximum PCG drawdown since its inception was -94.65%, roughly equal to the maximum CMS drawdown of -91.20%. Use the drawdown chart below to compare losses from any high point for PCG and CMS.
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Drawdown Indicators
| PCG | CMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.65% | -91.20% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -27.12% | -8.51% | -18.61% |
Max Drawdown (5Y)Largest decline over 5 years | -39.63% | -27.56% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -94.65% | -29.55% | -65.10% |
Current DrawdownCurrent decline from peak | -74.90% | -0.91% | -73.99% |
Average DrawdownAverage peak-to-trough decline | -26.32% | -27.45% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.98% | 4.55% | +8.43% |
Volatility
PCG vs. CMS - Volatility Comparison
PG&E Corporation (PCG) has a higher volatility of 7.18% compared to CMS Energy Corporation (CMS) at 5.46%. This indicates that PCG's price experiences larger fluctuations and is considered to be riskier than CMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCG | CMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 5.46% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 11.15% | +6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.30% | 16.71% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.09% | 18.83% | +9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.47% | 20.65% | +38.82% |
Financials
PCG vs. CMS - Financials Comparison
This section allows you to compare key financial metrics between PG&E Corporation and CMS Energy Corporation. 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
PCG vs. CMS - Profitability Comparison
PCG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PG&E Corporation reported a gross profit of 1.22B and revenue of 6.80B. Therefore, the gross margin over that period was 18.0%.
CMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CMS Energy Corporation reported a gross profit of 0.00 and revenue of 2.23B. Therefore, the gross margin over that period was 0.0%.
PCG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PG&E Corporation reported an operating income of 1.22B and revenue of 6.80B, resulting in an operating margin of 18.0%.
CMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CMS Energy Corporation reported an operating income of 435.00M and revenue of 2.23B, resulting in an operating margin of 19.5%.
PCG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PG&E Corporation reported a net income of 670.00M and revenue of 6.80B, resulting in a net margin of 9.9%.
CMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CMS Energy Corporation reported a net income of 289.00M and revenue of 2.23B, resulting in a net margin of 12.9%.