TXNM vs. AMAT
TXNM (TXNM Energy, Inc.) and AMAT (Applied Materials, Inc.) are both stocks. TXNM operates in Utilities - Regulated Electric (Utilities), while AMAT operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, TXNM returned 8.83%/yr vs 36.77%/yr for AMAT. At a 0.18 correlation, their price movements are largely independent.
Performance
TXNM vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, TXNM achieves a 1.69% return, which is significantly lower than AMAT's 95.35% return. Over the past 10 years, TXNM has underperformed AMAT with an annualized return of 8.83%, while AMAT has yielded a comparatively higher 36.77% annualized return.
TXNM
- 1D
- -0.35%
- 1M
- -0.29%
- YTD
- 1.69%
- 6M
- 2.86%
- 1Y
- 7.35%
- 3Y*
- 11.87%
- 5Y*
- 7.16%
- 10Y*
- 8.83%
AMAT
- 1D
- 2.19%
- 1M
- 28.11%
- YTD
- 95.35%
- 6M
- 86.88%
- 1Y
- 211.89%
- 3Y*
- 56.21%
- 5Y*
- 30.15%
- 10Y*
- 36.77%
TXNM vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TXNM TXNM Energy, Inc. | 1.69% | 23.44% | 22.99% | -11.99% | 10.20% | -3.47% | -1.75% | 26.50% | 4.45% | 20.95% |
AMAT Applied Materials, Inc. | 95.35% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between TXNM and AMAT is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 1984 | 0.18 |
The correlation between TXNM and AMAT shifts across timeframes, from 0.05 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TXNM:
$2.10
AMAT:
$10.61
TXNM:
28.14
AMAT:
47.19
TXNM:
1.85
AMAT:
6.01
TXNM:
2.45
AMAT:
13.83
TXNM:
$1.68B
AMAT:
$29.02B
TXNM:
$665.79M
AMAT:
$14.21B
TXNM:
$935.57M
AMAT:
$9.92B
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Return for Risk
TXNM vs. AMAT — Risk / Return Rank
TXNM
AMAT
TXNM vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TXNM Energy, Inc. (TXNM) and Applied Materials, Inc. (AMAT). 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.
| TXNM | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.59 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 9.98 | -6.78 |
| Martin ratioReturn relative to average drawdown | 11.60 | 28.53 | -16.93 |
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
| TXNM | AMAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 4.63 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.70 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.87 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.43 | -0.19 |
Drawdowns
TXNM vs. AMAT - Drawdown Comparison
The maximum TXNM drawdown since its inception was -80.01%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for TXNM and AMAT.
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Drawdown Indicators
| TXNM | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.01% | -85.22% | +5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -21.37% | +19.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | -49.88% | +26.40% |
Max Drawdown (5Y)Largest decline over 5 years | -27.28% | -55.14% | +27.86% |
Max Drawdown (10Y)Largest decline over 10 years | -46.35% | -55.14% | +8.79% |
Current DrawdownCurrent decline from peak | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -29.02% | -38.81% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 7.46% | -6.83% |
Volatility
TXNM vs. AMAT - Volatility Comparison
The current volatility for TXNM Energy, Inc. (TXNM) is 0.95%, while Applied Materials, Inc. (AMAT) has a volatility of 15.12%. This indicates that TXNM experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXNM | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 15.12% | -14.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 35.27% | -32.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 46.10% | -41.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.82% | 43.57% | -28.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 42.61% | -20.55% |
Dividends
TXNM vs. AMAT - Dividend Comparison
TXNM's dividend yield for the trailing twelve months is around 2.81%, more than AMAT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
TXNM TXNM Energy, Inc. | 2.81% | 2.77% | 3.15% | 3.53% | 2.85% | 2.87% | 2.53% | 2.29% | 2.58% | 2.40% | 2.57% | 2.62% |
Financials
TXNM vs. AMAT - Financials Comparison
This section allows you to compare key financial metrics between TXNM Energy, Inc. and Applied Materials, 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
Frequently Asked Questions
TXNM and AMAT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (15.12%) compared to TXNM (0.95%). In terms of maximum drawdown, TXNM dropped -80.01% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (4.63 vs 1.76), 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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