WKEY vs. CEG

Last updated Jun 23, 2026

WKEY (WISeKey International Holding AG) and CEG (Constellation Energy Corp) are both stocks. WKEY operates in Semiconductors (Technology), while CEG operates in Utilities - Renewable (Utilities). Over the past 3 years, WKEY returned 17.73%/yr vs 46.00%/yr for CEG. At a 0.22 correlation, their price movements are largely independent.

Performance

WKEY vs. CEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WISeKey International Holding AG (WKEY) and Constellation Energy Corp (CEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WKEY achieves a -1.78% return, which is significantly higher than CEG's -21.78% return.

WKEY

• 1D: 2.66%
• 1M: -27.13%
• YTD: -1.78%
• 6M: -15.09%
• 1Y: 22.58%
• 3Y*: 17.73%
• 5Y*: -27.29%
• 10Y*: —

CEG

• 1D: 0.54%
• 1M: -6.30%
• YTD: -21.78%
• 6M: -22.77%
• 1Y: -9.16%
• 3Y*: 46.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WKEY vs. CEG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WKEY WISeKey International Holding AG	-1.78%	-13.31%	417.40%	-60.67%	-75.55%
CEG Constellation Energy Corp	-21.78%	58.80%	92.71%	37.24%	73.87%

Correlation

The correlation between WKEY and CEG is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022	0.22

The correlation between WKEY and CEG shifts across timeframes, from 0.22 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap WKEY : $86.74M CEG : $97.54B
EPS WKEY : -$2.93 CEG : $8.13
PS Ratio WKEY : 2.43 CEG : 3.60
PB Ratio WKEY : 1.89 CEG : 2.91
Total Revenue (TTM) WKEY : $31.08M CEG : $24.82B
Gross Profit (TTM) WKEY : $12.08M CEG : $20.98B
EBITDA (TTM) WKEY : -$72.38M CEG : $5.87B

Return for Risk

WKEY vs. CEG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WKEY

WKEY Risk / Return Rank: 52
WKEY Sharpe Ratio Rank: 50
WKEY Sortino Ratio Rank: 59
WKEY Omega Ratio Rank: 55
WKEY Calmar Ratio Rank: 50
WKEY Martin Ratio Rank: 48

CEG

CEG Risk / Return Rank: 33
CEG Sharpe Ratio Rank: 34
CEG Sortino Ratio Rank: 33
CEG Omega Ratio Rank: 32
CEG Calmar Ratio Rank: 34
CEG Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WKEY vs. CEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WISeKey International Holding AG (WKEY) and Constellation Energy Corp (CEG). 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.

	WKEY	CEG	Difference
Sharpe ratio: Return per unit of total volatility	0.22	-0.20	+0.42
Sortino ratio: Return per unit of downside risk	1.14	0.04	+1.10
Omega ratio: Gain probability vs. loss probability	1.13	1.00	+0.12
Calmar ratio: Return relative to maximum drawdown	0.33	-0.23	+0.56
Martin ratio: Return relative to average drawdown	0.51	-0.46	+0.97

WKEY vs. CEG - Sharpe Ratio Comparison

The current WKEY Sharpe Ratio is 0.22, which is higher than the CEG Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of WKEY and CEG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WKEY vs. CEG - Drawdown Comparison

The maximum WKEY drawdown since its inception was -98.63%, which is greater than CEG's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for WKEY and CEG.

Drawdown Indicators

	WKEY	CEG	Difference
Max Drawdown Largest peak-to-trough decline	-98.63%	-50.70%	-47.93%
Max Drawdown (1Y) Largest decline over 1 year	-69.33%	-39.77%	-29.56%
Max Drawdown (3Y) Largest decline over 3 years	-75.23%	-50.70%	-24.53%
Max Drawdown (5Y) Largest decline over 5 years	-96.78%	—	—
Current Drawdown Current decline from peak	-92.49%	-31.52%	-60.97%
Average Drawdown Average peak-to-trough decline	-72.53%	-11.77%	-60.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.71%	19.93%	+24.78%

Volatility

WKEY vs. CEG - Volatility Comparison

WISeKey International Holding AG (WKEY) has a higher volatility of 28.70% compared to Constellation Energy Corp (CEG) at 13.64%. This indicates that WKEY's price experiences larger fluctuations and is considered to be riskier than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WKEY	CEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.70%	13.64%	+15.06%
Volatility (6M) Calculated over the trailing 6-month period	60.75%	36.35%	+24.40%
Volatility (1Y) Calculated over the trailing 1-year period	103.21%	46.74%	+56.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.82%	49.31%	+72.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.10%	49.31%	+83.79%

Dividends

WKEY vs. CEG - Dividend Comparison

WKEY has not paid dividends to shareholders, while CEG's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023	2022
CEG Constellation Energy Corp	0.59%	0.44%	0.63%	0.97%	0.65%
WKEY WISeKey International Holding AG	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both WKEY and CEG in my portfolio?

WKEY and CEG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WKEY or CEG?

WKEY has higher volatility (28.70%) compared to CEG (13.64%). In terms of maximum drawdown, WKEY dropped -98.63% vs CEG's -50.70%.

Which has better risk-adjusted returns?

WKEY currently has the higher Sharpe Ratio (0.22 vs -0.20), 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.