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 4.73%/yr vs 13.40%/yr for NEE. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
SWX vs. NEE - Performance Comparison
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Returns By Period
In the year-to-date period, SWX achieves a 13.33% return, which is significantly higher than NEE's 9.81% return. Over the past 10 years, SWX has underperformed NEE with an annualized return of 4.73%, while NEE has yielded a comparatively higher 13.40% annualized return.
SWX
- 1D
- -1.00%
- 1M
- -0.46%
- 6M
- 9.50%
- YTD
- 13.33%
- 1Y
- 18.31%
- 3Y*
- 14.57%
- 5Y*
- 8.74%
- 10Y*
- 4.73%
- ALL TIME*
- 8.14%
NEE
- 1D
- -1.15%
- 1M
- -1.61%
- 6M
- 0.29%
- YTD
- 9.81%
- 1Y
- 27.04%
- 3Y*
- 9.58%
- 5Y*
- 4.94%
- 10Y*
- 13.40%
- ALL TIME*
- 14.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $904.33M | $924.07M | $1.03B | |
| $43.16M | $42.10M | $48.35M |
SWX vs. NEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWX Southwest Gas Holdings, Inc. | 13.33% | 16.92% | 15.68% | 6.61% | -8.67% | 19.34% | -17.50% | 1.97% | -2.32% | 7.58% |
NEE NextEra Energy, Inc. | 9.81% | 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 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2003 | 0.47 |
The correlation between SWX and NEE shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SWX:
$6.47B
NEE:
$181.30B
SWX:
$6.40
NEE:
$5.96
SWX:
13.96
NEE:
14.58
SWX:
0.59
NEE:
0.74
SWX:
2.59
NEE:
4.67
SWX:
$2.50B
NEE:
$29.02B
SWX:
$842.57M
NEE:
$14.68B
SWX:
$713.22M
NEE:
$16.73B
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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.
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.
| SWX | NEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.79 | +0.10 |
| Martin ratioReturn relative to average drawdown | 5.76 | 4.51 | +1.25 |
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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% | -28.81% | +14.02% |
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 | -4.25% | -10.55% | +6.30% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -8.93% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 5.75% | -2.64% |
Volatility
SWX vs. NEE - Volatility Comparison
Southwest Gas Holdings, Inc. (SWX) has a higher volatility of 5.12% compared to NextEra Energy, Inc. (NEE) at 4.62%. This indicates that SWX's price experiences larger fluctuations and is considered to be riskier 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 | 5.12% | 4.62% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 16.60% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 21.94% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 26.91% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.34% | 25.48% | +1.86% |
Dividends
SWX vs. NEE - Dividend Comparison
SWX's dividend yield for the trailing twelve months is around 2.80%, more than NEE's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 2.74% | 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. | 2.80% | 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 Aug 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 Aug 2026, NextEra Energy, Inc. reported a gross profit of 0.00 and revenue of 7.53B. 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 Aug 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 Aug 2026, NextEra Energy, Inc. reported an operating income of 2.24B and revenue of 7.53B, resulting in an operating margin of 29.7%.
SWX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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 Aug 2026, NextEra Energy, Inc. reported a net income of 3.14B and revenue of 7.53B, resulting in a net margin of 41.7%.
Frequently Asked Questions
SWX and NEE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWX has higher volatility (5.12%) compared to NEE (4.62%). In terms of maximum drawdown, SWX dropped -53.62% vs NEE's -47.81%.
NEE currently has the higher Sharpe Ratio (1.18 vs 1.00), 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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