SWX vs. NEE
SWX (Southwest Gas Holdings, Inc.) and NEE (NextEra Energy, Inc.) are both stocks. Both are in the Utilities sector — SWX in Utilities - Regulated Gas, NEE in Utilities - Regulated Electric. Over the past 10 years, SWX returned 5.03%/yr vs 13.54%/yr for NEE. At a 0.47 correlation, their price movements are largely independent.
Performance
SWX vs. NEE - Performance Comparison
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Returns By Period
In the year-to-date period, SWX achieves a 8.68% return, which is significantly higher than NEE's 6.07% return. Over the past 10 years, SWX has underperformed NEE with an annualized return of 5.03%, while NEE has yielded a comparatively higher 13.54% annualized return.
SWX
- 1D
- -0.36%
- 1M
- -7.22%
- YTD
- 8.68%
- 6M
- 8.84%
- 1Y
- 19.87%
- 3Y*
- 16.64%
- 5Y*
- 8.93%
- 10Y*
- 5.03%
NEE
- 1D
- -1.28%
- 1M
- -11.44%
- YTD
- 6.07%
- 6M
- 0.24%
- 1Y
- 21.77%
- 3Y*
- 7.50%
- 5Y*
- 5.77%
- 10Y*
- 13.54%
SWX vs. NEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWX Southwest Gas Holdings, Inc. | 8.68% | 16.92% | 15.68% | 6.61% | -8.67% | 19.34% | -17.50% | 1.97% | -2.32% | 7.58% |
NEE NextEra Energy, Inc. | 6.07% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
Correlation
The correlation between SWX and NEE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2003 | 0.47 |
Over the past year, the correlation between SWX and NEE has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Fundamentals
SWX:
$6.41
NEE:
$5.27
SWX:
13.37
NEE:
16.05
SWX:
0.57
NEE:
0.82
SWX:
2.48
NEE:
4.70
SWX:
$2.50B
NEE:
$27.93B
SWX:
$842.57M
NEE:
$13.35B
SWX:
$713.22M
NEE:
$14.56B
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Return for Risk
SWX vs. NEE — Risk / Return Rank
SWX
NEE
SWX vs. NEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Southwest Gas Holdings, Inc. (SWX) 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.
| SWX | NEE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.92 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.40 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.51 | +0.59 |
Martin ratioReturn relative to average drawdown | 7.32 | 4.52 | +2.79 |
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
| SWX | NEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.92 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.22 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.53 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.61 | -0.29 |
Drawdowns
SWX vs. NEE - Drawdown Comparison
The maximum SWX drawdown since its inception was -53.62%, which is greater than NEE's maximum drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for SWX and NEE.
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Drawdown Indicators
| SWX | NEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.62% | -47.81% | -5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -14.53% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -34.57% | +19.78% |
Max Drawdown (5Y)Largest decline over 5 years | -41.05% | -44.97% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -44.97% | +2.50% |
Current DrawdownCurrent decline from peak | -8.18% | -13.59% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -12.56% | -8.92% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 4.83% | -2.07% |
Volatility
SWX vs. NEE - Volatility Comparison
The current volatility for Southwest Gas Holdings, Inc. (SWX) is 5.81%, while NextEra Energy, Inc. (NEE) has a volatility of 8.31%. This indicates that SWX 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
| SWX | NEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 8.31% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 17.03% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 23.81% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 26.90% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 25.48% | +1.83% |
Dividends
SWX vs. NEE - Dividend Comparison
SWX's dividend yield for the trailing twelve months is around 2.92%, more than NEE's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 2.08% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
SWX Southwest Gas Holdings, Inc. | 2.92% | 3.10% | 3.51% | 3.91% | 3.97% | 3.36% | 3.71% | 2.84% | 2.69% | 2.40% | 2.29% | 2.86% |
Financials
SWX vs. NEE - Financials Comparison
This section allows you to compare key financial metrics between Southwest Gas Holdings, Inc. 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
SWX vs. NEE - Profitability Comparison
SWX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Southwest Gas Holdings, Inc. reported a gross profit of 298.89M and revenue of 585.12M. Therefore, the gross margin over that period was 51.1%.
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%.
SWX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Southwest Gas Holdings, Inc. reported an operating income of 219.35M and revenue of 585.12M, resulting in an operating margin of 37.5%.
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%.
SWX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Southwest Gas Holdings, Inc. reported a net income of 138.37M and revenue of 585.12M, resulting in a net margin of 23.7%.
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
SWX and NEE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.31%) compared to SWX (5.81%). In terms of maximum drawdown, SWX dropped -53.62% vs NEE's -47.81%.
SWX currently has the higher Sharpe Ratio (1.11 vs 0.92), 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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