WFC vs. CMS
WFC (Wells Fargo & Company) and CMS (CMS Energy Corporation) are both stocks. WFC operates in Banks - Diversified (Financial Services), while CMS operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, WFC returned 8.95%/yr vs 8.55%/yr for CMS. At a 0.22 correlation, their price movements are largely independent.
Performance
WFC vs. CMS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WFC achieves a -9.20% return, which is significantly lower than CMS's 6.82% return. Both investments have delivered pretty close results over the past 10 years, with WFC having a 8.95% annualized return and CMS not far behind at 8.55%.
WFC
- 1D
- 1.61%
- 1M
- 14.04%
- YTD
- -9.20%
- 6M
- -8.77%
- 1Y
- 18.25%
- 3Y*
- 28.38%
- 5Y*
- 15.64%
- 10Y*
- 8.95%
CMS
- 1D
- 0.99%
- 1M
- 2.69%
- YTD
- 6.82%
- 6M
- 6.95%
- 1Y
- 7.49%
- 3Y*
- 10.50%
- 5Y*
- 7.32%
- 10Y*
- 8.55%
WFC vs. CMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFC Wells Fargo & Company | -9.20% | 35.57% | 46.48% | 22.94% | -11.92% | 61.15% | -41.65% | 21.44% | -21.83% | 13.21% |
CMS CMS Energy Corporation | 6.82% | 8.13% | 18.60% | -5.21% | 0.84% | 9.71% | -0.32% | 30.04% | 8.25% | 17.03% |
Correlation
The correlation between WFC and CMS is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1984 | 0.22 |
The correlation between WFC and CMS shifts across timeframes, from 0.04 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WFC:
$6.73
CMS:
$4.92
WFC:
12.44
CMS:
14.95
WFC:
2.15
CMS:
1.88
WFC:
$125.70B
CMS:
$8.82B
WFC:
$81.14B
CMS:
$4.16B
WFC:
$31.58B
CMS:
$3.09B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WFC vs. CMS — Risk / Return Rank
WFC
CMS
WFC vs. CMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wells Fargo & Company (WFC) and CMS Energy Corporation (CMS). 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.
| WFC | CMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.62 | +0.06 |
| Martin ratioReturn relative to average drawdown | 1.54 | 1.61 | -0.07 |
Loading charts...
Drawdowns
WFC vs. CMS - Drawdown Comparison
The maximum WFC drawdown since its inception was -79.01%, smaller than the maximum CMS drawdown of -91.20%. Use the drawdown chart below to compare losses from any high point for WFC and CMS.
Loading charts...
Drawdown Indicators
| WFC | CMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.01% | -91.20% | +12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -11.48% | -11.54% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -19.61% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -27.56% | -9.54% |
Max Drawdown (10Y)Largest decline over 10 years | -64.46% | -29.55% | -34.91% |
Current DrawdownCurrent decline from peak | -12.21% | -7.25% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -27.34% | +11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 4.42% | +5.76% |
Volatility
WFC vs. CMS - Volatility Comparison
The current volatility for Wells Fargo & Company (WFC) is 5.95%, while CMS Energy Corporation (CMS) has a volatility of 7.02%. This indicates that WFC experiences smaller price fluctuations and is considered to be less risky than CMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WFC | CMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 7.02% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 19.95% | 12.53% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.75% | 16.28% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.23% | 18.95% | +11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.28% | 20.71% | +11.57% |
Dividends
WFC vs. CMS - Dividend Comparison
WFC's dividend yield for the trailing twelve months is around 2.15%, less than CMS's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMS CMS Energy Corporation | 3.02% | 3.10% | 3.09% | 3.36% | 3.62% | 2.67% | 2.67% | 2.43% | 2.88% | 2.81% | 2.98% | 3.22% |
WFC Wells Fargo & Company | 2.15% | 1.82% | 2.14% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% |
Financials
WFC vs. CMS - Financials Comparison
This section allows you to compare key financial metrics between Wells Fargo & Company and CMS Energy 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
WFC vs. CMS - Profitability Comparison
WFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a gross profit of 20.31B and revenue of 31.80B. Therefore, the gross margin over that period was 63.9%.
CMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CMS Energy Corporation reported a gross profit of 0.00 and revenue of 2.73B. Therefore, the gross margin over that period was 0.0%.
WFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported an operating income of 5.85B and revenue of 31.80B, resulting in an operating margin of 18.4%.
CMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CMS Energy Corporation reported an operating income of 490.00M and revenue of 2.73B, resulting in an operating margin of 18.0%.
WFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a net income of 5.29B and revenue of 31.80B, resulting in a net margin of 16.6%.
CMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CMS Energy Corporation reported a net income of 340.00M and revenue of 2.73B, resulting in a net margin of 12.5%.
Frequently Asked Questions
WFC and CMS have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMS has higher volatility (7.02%) compared to WFC (5.95%). In terms of maximum drawdown, WFC dropped -79.01% vs CMS's -91.20%.
WFC currently has the higher Sharpe Ratio (0.59 vs 0.44), 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.
Find the right allocation for WFC and CMS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer