PCG vs. XEL

Last updated Apr 1, 2026

Compare and contrast key facts about PG&E Corporation (PCG) and Xcel Energy Inc. (XEL).

Performance

PCG vs. XEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PG&E Corporation (PCG) and Xcel Energy Inc. (XEL). The values are adjusted to include any dividend payments, if applicable.

PCG vs. XEL - 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%
XEL Xcel Energy Inc.	8.35%	13.89%	12.32%	-8.67%	6.44%	4.40%	7.77%	32.37%	5.88%	21.91%

Fundamentals

Market Cap PCG : $38.69B XEL : $47.43B
EPS PCG : $1.21 XEL : $3.44
PE Ratio PCG : 14.49 XEL : 23.11
PS Ratio PCG : 1.57 XEL : 3.18
Total Revenue (TTM) PCG : $24.94B XEL : $14.67B
Gross Profit (TTM) PCG : $7.28B XEL : $5.30B
EBITDA (TTM) PCG : $10.25B XEL : $6.19B

Returns By Period

In the year-to-date period, PCG achieves a 9.65% return, which is significantly higher than XEL's 8.35% return. Over the past 10 years, PCG has underperformed XEL with an annualized return of -10.99%, while XEL has yielded a comparatively higher 9.92% 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%

XEL

• 1D: 0.35%
• 1M: -4.00%
• YTD: 8.35%
• 6M: -0.01%
• 1Y: 15.77%
• 3Y*: 9.29%
• 5Y*: 6.86%
• 10Y*: 9.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PCG vs. XEL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCG

PCG Risk / Return Rank: 43
PCG Sharpe Ratio Rank: 46
PCG Sortino Ratio Rank: 39
PCG Omega Ratio Rank: 38
PCG Calmar Ratio Rank: 46
PCG Martin Ratio Rank: 46

XEL

XEL Risk / Return Rank: 68
XEL Sharpe Ratio Rank: 70
XEL Sortino Ratio Rank: 63
XEL Omega Ratio Rank: 61
XEL Calmar Ratio Rank: 72
XEL Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCG vs. XEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PG&E Corporation (PCG) and Xcel Energy Inc. (XEL). 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	XEL	Difference
Sharpe ratio Return per unit of total volatility	0.12	0.80	-0.69
Sortino ratio Return per unit of downside risk	0.36	1.23	-0.87
Omega ratio Gain probability vs. loss probability	1.04	1.16	-0.12
Calmar ratio Return relative to maximum drawdown	0.17	1.53	-1.36
Martin ratio Return relative to average drawdown	0.35	3.81	-3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCG vs. XEL - Sharpe Ratio Comparison

The current PCG Sharpe Ratio is 0.12, which is lower than the XEL Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of PCG and XEL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCG	XEL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.80	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.34	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.19	0.46	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.41	-0.33

Correlation

The correlation between PCG and XEL is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PCG vs. XEL - Dividend Comparison

PCG's dividend yield for the trailing twelve months is around 0.85%, less than XEL's 2.90% 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%
XEL Xcel Energy Inc.	2.90%	3.83%	2.43%	3.36%	2.78%	2.70%	2.58%	2.55%	3.09%	2.99%	3.34%	3.56%

Drawdowns

PCG vs. XEL - Drawdown Comparison

The maximum PCG drawdown since its inception was -94.65%, which is greater than XEL's maximum drawdown of -80.64%. Use the drawdown chart below to compare losses from any high point for PCG and XEL.

Drawdown Indicators

	PCG	XEL	Difference
Max Drawdown Largest peak-to-trough decline	-94.65%	-80.64%	-14.01%
Max Drawdown (1Y) Largest decline over 1 year	-27.12%	-11.50%	-15.62%
Max Drawdown (5Y) Largest decline over 5 years	-39.63%	-34.41%	-5.22%
Max Drawdown (10Y) Largest decline over 10 years	-94.65%	-34.41%	-60.24%
Current Drawdown Current decline from peak	-74.90%	-4.63%	-70.27%
Average Drawdown Average peak-to-trough decline	-26.32%	-11.35%	-14.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.98%	4.60%	+8.38%

Volatility

PCG vs. XEL - Volatility Comparison

PG&E Corporation (PCG) has a higher volatility of 7.18% compared to Xcel Energy Inc. (XEL) at 5.23%. This indicates that PCG's price experiences larger fluctuations and is considered to be riskier than XEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCG	XEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	5.23%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	11.72%	+5.95%
Volatility (1Y) Calculated over the trailing 1-year period	28.30%	19.77%	+8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.09%	20.47%	+7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.47%	21.57%	+37.90%

Financials

PCG vs. XEL - Profitability Comparison

The chart below illustrates the profitability comparison between PG&E Corporation and Xcel Energy Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

XEL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Xcel Energy Inc. reported a gross profit of 0.00 and revenue of 3.56B. 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%.

XEL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Xcel Energy Inc. reported an operating income of 580.00M and revenue of 3.56B, resulting in an operating margin of 16.3%.

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%.

XEL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Xcel Energy Inc. reported a net income of 567.00M and revenue of 3.56B, resulting in a net margin of 15.9%.