PWR vs. NEM
PWR (Quanta Services, Inc.) and NEM (Newmont Corporation) are both stocks. PWR operates in Engineering & Construction (Industrials), while NEM operates in Gold (Basic Materials). Over the past 10 years, PWR returned 41.17%/yr vs 13.80%/yr for NEM. At a 0.13 correlation, their price movements are largely independent.
Performance
PWR vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, PWR achieves a 67.76% return, which is significantly higher than NEM's 0.82% return. Over the past 10 years, PWR has outperformed NEM with an annualized return of 41.17%, while NEM has yielded a comparatively lower 13.80% annualized return.
PWR
- 1D
- 3.58%
- 1M
- -9.27%
- YTD
- 67.76%
- 6M
- 61.62%
- 1Y
- 97.74%
- 3Y*
- 56.60%
- 5Y*
- 50.60%
- 10Y*
- 41.17%
NEM
- 1D
- 2.71%
- 1M
- -7.88%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 74.95%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
PWR vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWR Quanta Services, Inc. | 67.76% | 33.70% | 46.60% | 51.70% | 24.63% | 59.50% | 77.74% | 35.84% | -22.93% | 12.22% |
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between PWR and NEM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 1998 | 0.13 |
The correlation between PWR and NEM shifts across timeframes, from 0.13 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PWR:
$7.29
NEM:
$6.34
PWR:
97.08
NEM:
15.82
PWR:
4.81
NEM:
0.41
PWR:
3.58
NEM:
4.83
PWR:
$29.99B
NEM:
$17.23B
PWR:
$4.08B
NEM:
$8.97B
PWR:
$2.40B
NEM:
$13.78B
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Return for Risk
PWR vs. NEM — Risk / Return Rank
PWR
NEM
PWR vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quanta Services, Inc. (PWR) and Newmont Corporation (NEM). 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.
| PWR | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 2.78 | +2.96 |
| Martin ratioReturn relative to average drawdown | 18.09 | 7.58 | +10.50 |
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Drawdowns
PWR vs. NEM - Drawdown Comparison
The maximum PWR drawdown since its inception was -97.07%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for PWR and NEM.
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Drawdown Indicators
| PWR | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.07% | -81.30% | -15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -17.11% | -29.39% | +12.28% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -36.57% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -62.40% | +28.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.53% | -62.40% | +16.87% |
Current DrawdownCurrent decline from peak | -9.87% | -23.71% | +13.84% |
Average DrawdownAverage peak-to-trough decline | -46.84% | -41.37% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 10.73% | -5.32% |
Volatility
PWR vs. NEM - Volatility Comparison
The current volatility for Quanta Services, Inc. (PWR) is 13.07%, while Newmont Corporation (NEM) has a volatility of 15.74%. This indicates that PWR experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWR | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.07% | 15.74% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 37.43% | -6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.12% | 47.44% | -10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 37.99% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.78% | 35.67% | -1.89% |
Dividends
PWR vs. NEM - Dividend Comparison
PWR's dividend yield for the trailing twelve months is around 0.06%, less than NEM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
PWR Quanta Services, Inc. | 0.06% | 0.09% | 0.09% | 0.15% | 0.25% | 0.16% | 0.29% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% |
Financials
PWR vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Quanta Services, Inc. and Newmont 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
Frequently Asked Questions
PWR and NEM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (15.74%) compared to PWR (13.07%). In terms of maximum drawdown, PWR dropped -97.07% vs NEM's -81.30%.
PWR currently has the higher Sharpe Ratio (2.64 vs 1.73), 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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