PPL vs. WEC

Last updated Jun 3, 2026

PPL (PPL Corporation) and WEC (WEC Energy Group, Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, PPL returned 3.24%/yr vs 9.49%/yr for WEC. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

PPL vs. WEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PPL Corporation (PPL) and WEC Energy Group, Inc. (WEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPL achieves a 0.20% return, which is significantly lower than WEC's 6.31% return. Over the past 10 years, PPL has underperformed WEC with an annualized return of 3.24%, while WEC has yielded a comparatively higher 9.49% annualized return.

PPL

• 1D: 0.90%
• 1M: -7.37%
• YTD: 0.20%
• 6M: 0.44%
• 1Y: 3.50%
• 3Y*: 13.29%
• 5Y*: 7.63%
• 10Y*: 3.24%

WEC

• 1D: 1.50%
• 1M: -5.35%
• YTD: 6.31%
• 6M: 3.72%
• 1Y: 6.26%
• 3Y*: 12.13%
• 5Y*: 6.82%
• 10Y*: 9.49%

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

PPL vs. WEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPL PPL Corporation	0.20%	11.38%	23.98%	-3.77%	0.35%	12.88%	-16.87%	33.41%	-3.01%	-5.19%
WEC WEC Energy Group, Inc.	6.31%	15.96%	16.11%	-7.00%	-0.45%	8.66%	2.49%	37.05%	7.87%	17.11%

Correlation

The correlation between PPL and WEC is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Apr 9, 1985	0.53

The correlation between PPL and WEC shifts across timeframes, from 0.53 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PPL : $26.37B WEC : $36.19B
EPS PPL : $1.63 WEC : $5.03
PE Ratio PPL : 21.35 WEC : 21.91
PEG Ratio PPL : 17.88 WEC : 4.90
PS Ratio PPL : 2.80 WEC : 3.56
PB Ratio PPL : 1.20 WEC : 2.56
Total Revenue (TTM) PPL : $9.31B WEC : $10.08B
Gross Profit (TTM) PPL : $4.34B WEC : $5.62B
EBITDA (TTM) PPL : $3.38B WEC : $4.04B

Return for Risk

PPL vs. WEC — Risk / Return Rank

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

PPL

PPL Risk / Return Rank: 44
PPL Sharpe Ratio Rank: 48
PPL Sortino Ratio Rank: 39
PPL Omega Ratio Rank: 38
PPL Calmar Ratio Rank: 46
PPL Martin Ratio Rank: 48

WEC

WEC Risk / Return Rank: 50
WEC Sharpe Ratio Rank: 55
WEC Sortino Ratio Rank: 46
WEC Omega Ratio Rank: 44
WEC Calmar Ratio Rank: 53
WEC Martin Ratio Rank: 54

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.

PPL vs. WEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PPL Corporation (PPL) and WEC Energy Group, Inc. (WEC). 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.

	PPL	WEC	Difference
Sharpe ratio Return per unit of total volatility	0.21	0.42	-0.21
Sortino ratio Return per unit of downside risk	0.40	0.69	-0.29
Omega ratio Gain probability vs. loss probability	1.05	1.08	-0.03
Calmar ratio Return relative to maximum drawdown	0.26	0.54	-0.28
Martin ratio Return relative to average drawdown	0.72	1.34	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPL vs. WEC - Sharpe Ratio Comparison

The current PPL Sharpe Ratio is 0.21, which is lower than the WEC Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of PPL and WEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PPL	WEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.42	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.36	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.44	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.60	-0.17

Drawdowns

PPL vs. WEC - Drawdown Comparison

The maximum PPL drawdown since its inception was -55.38%, which is greater than WEC's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for PPL and WEC.

Drawdown Indicators

	PPL	WEC	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-45.06%	-10.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-11.22%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.84%	-16.01%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-24.73%	-26.02%	+1.29%
Max Drawdown (10Y) Largest decline over 10 years	-48.73%	-32.31%	-16.42%
Current Drawdown Current decline from peak	-12.51%	-6.40%	-6.11%
Average Drawdown Average peak-to-trough decline	-15.62%	-8.32%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	4.51%	+0.26%

Volatility

PPL vs. WEC - Volatility Comparison

PPL Corporation (PPL) has a higher volatility of 5.79% compared to WEC Energy Group, Inc. (WEC) at 5.25%. This indicates that PPL's price experiences larger fluctuations and is considered to be riskier than WEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPL	WEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	5.25%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	11.34%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	16.79%	15.05%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	19.01%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.78%	21.60%	+1.18%

Dividends

PPL vs. WEC - Dividend Comparison

PPL's dividend yield for the trailing twelve months is around 3.17%, less than WEC's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPL PPL Corporation	3.17%	3.11%	3.17%	3.54%	2.99%	5.52%	5.89%	4.60%	5.79%	5.11%	4.46%	11.74%
WEC WEC Energy Group, Inc.	3.35%	3.39%	3.55%	3.71%	3.10%	2.79%	2.75%	2.56%	3.19%	3.13%	3.38%	3.81%

Financials

PPL vs. WEC - Profitability Comparison

The chart below illustrates the profitability comparison between PPL Corporation and WEC Energy Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PPL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PPL Corporation reported a gross profit of 1.92B and revenue of 2.77B. Therefore, the gross margin over that period was 69.3%.

WEC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, WEC Energy Group, Inc. reported a gross profit of 2.04B and revenue of 3.43B. Therefore, the gross margin over that period was 59.5%.

PPL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PPL Corporation reported an operating income of 745.00M and revenue of 2.77B, resulting in an operating margin of 26.9%.

WEC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, WEC Energy Group, Inc. reported an operating income of 980.00M and revenue of 3.43B, resulting in an operating margin of 28.5%.

PPL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PPL Corporation reported a net income of 452.00M and revenue of 2.77B, resulting in a net margin of 16.3%.

WEC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, WEC Energy Group, Inc. reported a net income of 804.70M and revenue of 3.43B, resulting in a net margin of 23.4%.

Frequently Asked Questions

Can I hold both PPL and WEC in my portfolio?

PPL and WEC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPL or WEC?

PPL has higher volatility (5.79%) compared to WEC (5.25%). In terms of maximum drawdown, PPL dropped -55.38% vs WEC's -45.06%.

Which has better risk-adjusted returns?

WEC currently has the higher Sharpe Ratio (0.42 vs 0.21), 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.