Relative Intelligence · Electric Utilities

How Entergy (ETR) compares with the whole market and its popular alternatives
Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on ETR alone. It places ETR (Entergy Corporation) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where ETR stands in the market, and of the alternatives worth a closer look.
Period covered: ETR's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.
Data as of October 22, 2026. Full tables and charts read best on a larger screen.
This page answers the following questions about ETR
Key findings
Not AI-generatedThese key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.
- Right nowOver the past 6 months, ETR fell 0.9% while the S&P 500 rose 8.0%. Not every peer went the same way. Over the past 6 months, SO (Southern) rose 3.8% and PCG (PG&E) fell 22.6%. Consistency ↓
- Stock or market?Not a move of its own: the electric utilities ETF XLU (State Street Utilities Select Sector SPDR ETF) fell 6.0% over the past 3 months, with NEE (NextEra Energy, down 7.7%) and D (Dominion Energy, down 7.1%), while the S&P 500 rose 2.5%. ETR rose 6.9% last month as the S&P 500 fell 1.2% and the Nasdaq 100 fell 5.8%.
- Past 1 to 3 yearsETR lagged its electric utility peers in 2023, then moved up the pack in 2025. ETR finished ahead of the S&P 500 in both 2024 and 2025. Consistency ↓
- Long termThe past 5 years have been the better stretch: ETR rose 146% against 80.3% for the S&P 500, after trailing over the decade. ETR's 10-year return of 326% puts it ahead of 76% of the stocks worth at least $300 million with that much history. The S&P 500 returned 316%. Market rank ↓
- In a crashETR fell less than the S&P 500 in five of seven sell-offs, but the Covid crash broke the pattern: it fell 41.3%, more than the S&P 500's 33.7%. Crash tests ↓
- DiversificationOver 10 years, ETR's beta versus the S&P 500 was 0.53: 58% of the S&P 500's gains in rising months and 24% of its losses in falling ones. Against the S&P 500, ETR has a correlation of 0.35 over 5 years, less closely than 59% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Market capture ↓
- Better optionsFew investments have done better on both counts: only five of the 3,641 stocks and funds worth at least $500 million earned more than ETR with less volatility over the past 5 years, among them MPLX, DXJ (WisdomTree Japan Hedged Equity Fund) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund). Better options ↓
How much would $10,000 in ETR have grown?
This chart tracks a hypothetical $10,000 investment in ETR over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of ETR over the same span and ETR's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.
- $10,000 invested in ETR at the end of September 1997 would have grown to $234,668 by September 2026, more than the $132,907 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of ETR, and AAPL finished highest, at $20,534,853.
Choose a period
From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 256 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of ETR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- AAPL$21M+205,249% total · +30.1% a year
- COR$574,137+5,641% total · +15.0% a year
- WELL$467,035+4,570% total · +14.2% a year
- LLY$396,376+3,864% total · +13.5% a year
- NEE$299,370+2,894% total · +12.4% a year
- ETR$234,668+2,247% total · +11.5% a year
- CCJ$206,845+1,968% total · +11.0% a year
- SPY (S&P 500)$132,907+1,229% total · +9.3% a year
- PNW$94,652+847% total · +8.1% a year
- AEP$92,393+824% total · +8.0% a year
From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 561 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of ETR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- VST$88,175+782% total · +54.6% a year
- PWR$56,870+469% total · +41.6% a year
- LLY$52,411+424% total · +39.3% a year
- CCJ$40,386+304% total · +32.2% a year
- DXJ$32,976+230% total · +27.0% a year
- MPLX$30,642+206% total · +25.1% a year
- DBJP$26,428+164% total · +21.5% a year
- COR$26,420+164% total · +21.4% a year
- ETR$23,803+138% total · +18.9% a year
- SPY (S&P 500)$19,000+90.0% total · +13.7% a year
ETR at a glance
This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.
- ETR's deepest decline since it began trading in 1986 was 51.1%, from February to December 1987. It took 13 months from the low to climb back to its old high.
- Over 29 full calendar years, ETR's best was 2000, when it returned 71.4%, and its worst was 2008, when it lost 28.3%. It lost money in eight of those years.
- ETR is 7.3% below its all-time high.
The company
- Market value
- $52B
- Industry
- Regulated Electric
- Price history from
- October 1986
Returns
- Past 1 year
- +15.5%total return
- Past 3 years
- +162%+37.9% a year
- Past 5 years
- +146%+19.8% a year
- Past 10 years
- +326%+15.6% a year
- Best calendar year
- +71.4%2000
- Worst calendar year
- −28.3%2008
- Losing years
- 8 of 29full calendar years
Risk
- Volatility
- 22.4%typical yearly swing, 5 years
- Sharpe ratio
- 0.92return per unit of risk, 5 years
- Worst decline ever
- −51.1%Feb 1987 to Dec 1987
- From its all-time high
- −7.3%below the peak
ETR against the whole market
Where ETR ranks among every stock and fund, and what across the market has done better.
How does ETR rank among all stocks?
This section ranks ETR on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how ETR stacks up against its peers, these rankings show where it stands in the market as a whole.
- On return for the risk taken (the Sharpe ratio), ETR ranks in the top 5% of the 2,897 stocks worth at least $300 million.
Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.
| Measure | ETR | Rank | Standing |
|---|---|---|---|
| 1-year return | +15.5% | 1,423 of 3,282 | top 43% |
| 3-year return | +162% | 529 of 3,016 | top 18% |
| 5-year return | +146% | 461 of 2,897 | top 16% |
| 10-year return | +326% | 529 of 2,201 | top 24% |
| Volatility, 5 years | 22.4% | 168 of 2,897 | top 6% |
| Sharpe ratio, 5 years | 0.92 | 152 of 2,897 | top 5% |
| Worst decline, past 10 years | −42.0% | 199 of 2,184 | top 9% |
What has beaten ETR on both return and risk?
Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). ETR sits where the dashed lines cross. Anything in the green box above and to the left earned more than ETR with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.
- One stock and four ETFs worth at least $500 million sit in the green region: each earned more than ETR over the past 5 years with smaller price swings. That is fewer than 1% of the 3,641 screened. Few investments beat it on both counts.
- Among those with at least half ETR's swings, DXJ has the best return for its risk: 26.6% a year at 19.1% volatility, 15% less than ETR's 22.4%, and a Sharpe ratio (return above cash per unit of volatility) of 1.34 against 0.92 for ETR.
Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to ETR; faint dots are 1 more of the 5 in the green region (the strongest, one per fund family). 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.
- The whole market
- Others in the green region
Is there a better investment than ETR?
Investments that beat ETR over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.
- Few investments have done better on both counts: only five of the 3,641 stocks and funds worth at least $500 million earned more than ETR with less volatility over the past 5 years, among them MPLX, DXJ and SDCI.
How this works
The table below lists investments that beat ETR over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks ETR's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than ETR follows the table.
Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than ETR's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× ETR's volatility counts as better.
These figures cover the past 5 years. Green marks a better figure than ETR's.
| Investment | Why it is better | Past 5 years | Downside | Long run | Fit | ||||
|---|---|---|---|---|---|---|---|---|---|
| Annual return?higher is better | Volatility?lower is calmer | Sharpe?return per unit of risk | Worst decline?past 10 years | 10Y returntotal | Corr. with ETR?lower diversifies more | Expenseper year | |||
| +19.8% | 22.4% | 0.92 | −42.0% | +326% | 1.00 | — | |||
| +12.5% | 17.2% | 0.78 | −33.7% | +316% | 0.35 | 0.09% | |||
| The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 75 of 3,538 passed at least one test. | |||||||||
| On the frontierHigher return, lower volatilityHigher return in most periods | +24.0% | 18.8% | 1.25 | −75.2% | +337% | 0.34 | — | ||
DBJPXtrackers MSCI Japan Hedged Equity ETF · Japan Equity | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +20.9% | 19.3% | 1.09 | −31.3% | +339% | 0.21 | 0.45% | |
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity | On the frontierHigher return, lower volatilityHigher return in most periods | +26.6% | 19.1% | 1.34 | −39.1% | +415% | 0.20 | 0.48% | |
| Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +23.6% | 22.8% | 1.05 | −32.4% | +403% | 0.34 | — | ||
| Higher Sharpe, smaller worst declineHigher return in most periods | +41.2% | 32.8% | 1.22 | −34.5% | +1,870% | -0.02 | — | ||
| On the frontierHigher return, similar volatilityHigher return in most periods | +27.0% | 23.8% | 1.13 | −63.3% | +378% | 0.60 | — | ||
| Higher return, similar volatilityHigher return in most periods | +25.5% | 23.4% | 1.09 | −45.1% | +600% | 0.35 | — | ||
| Higher return, similar volatilityHigher return in most periods | +23.3% | 24.0% | 1.00 | −57.5% | +386% | 0.27 | — | ||
What these numbers mean for ETR
- Annual return
- ETR returned 19.8% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $24,600. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
- Volatility
- ETR's volatility over the past 5 years was 22.4%, 1.3 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ETR's return lands within 22.4% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
- Sharpe ratio
- ETR's Sharpe ratio over the past 5 years was 0.92, against 0.78 for the S&P 500, so ETR earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
- Worst decline
- ETR's worst fall from a peak to a low over the past 10 years was 42.0%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 42.0% fall takes a 72.4% gain. Guide: Market crash risk and tail risk →
- Correlation
- Over the past 5 years, ETR's monthly returns had a correlation of 0.35 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against ETR instead: the lower it is, the more that option would diversify a ETR holding. Guide: Correlation and diversification →
Show all 5 stocks and funds worth at least $500 million that earned more than ETR with less volatility
Out of 3,641 tested over 5 years. The strongest 4 are listed, best first, with funds that hold the same thing listed once.
| # | Investment | Found in | Annual return | Volatility | Sharpe | Worst decline | 10Y return | Corr. with ETR | Expense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Whole market | +24.0% | 18.8% | 1.25 | −75.2% | +337% | 0.34 | — | |
| 2 | DBJPXtrackers MSCI Japan Hedged Equity ETF · Japan Equity | Whole market | +20.9% | 19.3% | 1.09 | −31.3% | +339% | 0.21 | 0.45% |
| 3 | DXJWisdomTree Japan Hedged Equity Fund · Japan Equity | Whole market | +26.6% | 19.1% | 1.34 | −39.1% | +415% | 0.20 | 0.48% |
| 4 | SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Broad Commodities | Whole market | +21.1% | 18.4% | 1.14 | −45.7% | — | 0.33 | 0.80% |
ETR against its popular alternatives
The investments people most often weigh against ETR, compared period by period and year by year.
How do ETR's risk and return compare with its alternatives?
This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at ETR, which divides the map into what did better or worse on each measure.
- None of the 23 popular alternatives earned more than ETR over the past 5 years with smaller price swings, so every higher return on the map came with a bumpier ride.
- Over the past 5 years, ETR returned 19.8% a year, more than the S&P 500's 12.5%, with higher volatility (22.4% against 17.2%).
Green points earned more than ETR with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| VST Vistra Corp. | +51.7% | 48.8% |
| PWR Quanta Services, Inc. | +36.4% | 37.4% |
| CCJ Cameco Corporation | +25.3% | 49.3% |
| ETR This pageEntergy Corporation | +19.8% | 22.4% |
| PNW Pinnacle West Capital Corporation | +14.6% | 19.9% |
| AEP American Electric Power Company, Inc. | +12.8% | 20.2% |
| SPY S&P 500State Street SPDR S&P 500 ETF | +12.5% | 17.2% |
| SO The Southern Company | +12.3% | 18.9% |
| CNP CenterPoint Energy, Inc. | +12.0% | 19.7% |
| EVRG Evergy, Inc. | +9.9% | 19.0% |
| FE FirstEnergy Corp. | +8.6% | 19.4% |
| AEE Ameren Corporation | +8.2% | 19.4% |
| DUK Duke Energy Corporation | +7.9% | 18.1% |
| EXC Exelon Corporation | +7.9% | 20.9% |
| WEC WEC Energy Group, Inc. | +7.7% | 19.1% |
| LNT Alliant Energy Corporation | +7.6% | 19.8% |
| PPL PPL Corporation | +7.6% | 19.0% |
| XEL Xcel Energy Inc. | +7.2% | 20.9% |
| DTE DTE Energy Company | +6.2% | 19.1% |
| PEG Public Service Enterprise Group Incorporated | +6.2% | 20.6% |
| CMS CMS Energy Corporation | +6.1% | 19.1% |
| EIX Edison International | +4.0% | 28.5% |
| PCG PG&E Corporation | +2.2% | 29.2% |
| NEE NextEra Energy, Inc. | +2.1% | 26.9% |
| D Dominion Energy, Inc. | +1.2% | 22.8% |
Has ETR consistently beaten its popular alternatives?
This section compares ETR with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than ETR helps separate lasting outperformance from a single strong stretch.
- None of the 25 popular alternatives outperformed ETR in at least 3 of 5 short-term and 2 of 3 long-term timeframes. The closest was PWR.
- VST outperformed ETR over all three long-term periods but in none of the five short-term ones, so ETR has had the better of it lately.
A green cell means the alternative earned more than ETR over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.
| Investment | Periods outperformed | Short term | Long term | Risk · 5 years | Fund | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame sectors | ||
| ETR Entergy Corporation (this page) | — | +6.9% | −5.3% | −0.9% | +17.4% | +15.5% | +162% | +146% | +326% | 22.4% | 0.92 | −42.0% | — | $52B | — |
| PWR Engineering & ConstructionQuanta Services, Inc. | 2/5 short3/3 long | −14.0% | −14.1% | −10.0% | +25.7% | +34.1% | +235% | +371% | +1,878% | 37.4% | 1.02 | −45.5% | — | $83B | — |
| VST Independent Power ProducersVistra Corp. | 0/5 short3/3 long | +0.3% | −15.4% | −9.3% | −14.4% | −23.8% | +353% | +703% | +1,130% | 48.8% | 1.10 | −53.3% | — | $47B | — |
| CCJ UraniumCameco Corporation | 0/5 short2/3 long | −16.6% | −12.7% | −37.6% | −19.9% | −5.3% | +107% | +208% | +972% | 49.3% | 0.70 | −57.2% | — | $34B | — |
| PNW Regulated ElectricPinnacle West Capital Corporation | 5/5 short0/3 long | +14.4% | +1.2% | +7.7% | +24.3% | +19.6% | +65.3% | +98.0% | +110% | 19.9% | 0.79 | −39.3% | — | $13B | — |
| AEP Regulated ElectricAmerican Electric Power Company, Inc. | 3/5 short0/3 long | +8.6% | −1.1% | +0.7% | +15.4% | +14.9% | +98.5% | +82.7% | +192% | 20.2% | 0.70 | −32.9% | — | $71B | — |
| SO Regulated ElectricThe Southern Company | 3/5 short0/3 long | +10.2% | −1.3% | +3.8% | +10.3% | −0.6% | +59.0% | +78.9% | +178% | 18.9% | 0.71 | −38.4% | — | $108B | — |
| WEC Regulated ElectricWEC Energy Group, Inc. | 3/5 short0/3 long | +9.1% | −0.3% | +0.6% | +8.1% | −1.2% | +55.1% | +45.1% | +168% | 19.1% | 0.49 | −32.3% | — | $37B | — |
| XEL Regulated ElectricXcel Energy Inc. | 3/5 short0/3 long | +9.5% | −0.8% | +2.6% | +8.1% | +0.8% | +50.4% | +41.3% | +164% | 20.9% | 0.44 | −34.4% | — | $49B | — |
| LNT Regulated ElectricAlliant Energy Corporation | 3/5 short0/3 long | +8.8% | −4.3% | +0.6% | +9.7% | +5.7% | +60.3% | +44.2% | +158% | 19.8% | 0.47 | −33.5% | — | $18B | — |
| DUK Regulated ElectricDuke Energy Corporation | 3/5 short0/3 long | +7.8% | −1.1% | +1.9% | +9.6% | +0.6% | +62.6% | +46.5% | +140% | 18.1% | 0.52 | −37.4% | — | $98B | — |
| EVRG Regulated ElectricEvergy, Inc. | 3/5 short0/3 long | +7.2% | −1.0% | +8.5% | +19.2% | +11.7% | +98.7% | +60.4% | +113% | 19.0% | 0.60 | −38.8% | — | $20B | — |
| AEE Regulated ElectricAmeren Corporation | 2/5 short0/3 long | +7.2% | −2.1% | +1.1% | +10.3% | +6.3% | +59.0% | +48.0% | +199% | 19.4% | 0.50 | −29.1% | — | $30B | — |
| EXC Regulated ElectricExelon Corporation | 2/5 short0/3 long | +7.3% | −3.0% | −0.4% | +4.9% | −3.4% | +30.8% | +46.4% | +171% | 20.9% | 0.47 | −40.0% | — | $46B | — |
| CMS Regulated ElectricCMS Energy Corporation | 2/5 short0/3 long | +9.4% | −4.2% | −4.7% | +2.2% | −3.5% | +46.9% | +34.4% | +129% | 19.1% | 0.41 | −29.6% | — | $22B | — |
| PPL Regulated ElectricPPL Corporation | 2/5 short0/3 long | +7.5% | −1.3% | −4.9% | +3.1% | −3.4% | +64.7% | +44.1% | +62.8% | 19.0% | 0.48 | −48.7% | — | $27B | — |
| GEV Industrial - MachineryGE Vernova Inc. | 2/5 short0/3 long | −12.9% | −16.0% | −26.6% | +22.0% | +43.9% | — | — | — | — | — | −38.3% | — | $220B | — |
| CNP Regulated ElectricCenterPoint Energy, Inc. | 1/5 short0/3 long | +8.9% | −5.1% | −1.1% | +8.2% | +5.2% | +65.9% | +76.0% | +149% | 19.7% | 0.68 | −59.8% | — | $27B | — |
| D Regulated ElectricDominion Energy, Inc. | 1/5 short0/3 long | +4.8% | −7.1% | +9.5% | +13.8% | +12.0% | +90.5% | +5.9% | +37.9% | 22.8% | 0.17 | −52.2% | — | $58B | — |
| NEE Regulated ElectricNextEra Energy, Inc. | 0/5 short0/3 long | +3.3% | −7.7% | −7.6% | +3.4% | +1.7% | +73.8% | +11.0% | +240% | 26.9% | 0.21 | −45.0% | — | $171B | — |
| PEG Regulated ElectricPublic Service Enterprise Group Incorporated | 0/5 short0/3 long | +5.2% | −7.8% | −5.7% | −7.9% | −10.2% | +35.6% | +34.8% | +151% | 20.6% | 0.40 | −40.8% | — | $36B | — |
| DTE Regulated ElectricDTE Energy Company | 0/5 short0/3 long | +6.1% | −9.6% | −5.7% | +4.6% | −3.5% | +53.7% | +35.4% | +134% | 19.1% | 0.41 | −42.4% | — | $28B | — |
| FE Regulated ElectricFirstEnergy Corp. | 0/5 short0/3 long | +3.9% | −4.8% | −2.0% | +5.8% | +2.3% | +50.6% | +51.0% | +111% | 19.4% | 0.52 | −47.7% | — | $27B | — |
| EIX Regulated ElectricEdison International | 0/5 short0/3 long | +6.9% | −26.8% | −14.2% | +0.4% | +5.3% | +9.2% | +21.9% | +25.3% | 28.5% | 0.29 | −43.9% | — | $22B | — |
| PCG Regulated ElectricPG&E Corporation | 0/5 short0/3 long | +1.2% | −28.0% | −22.6% | −19.4% | −20.7% | −15.8% | +11.4% | −77.4% | 29.2% | 0.22 | −94.7% | — | $35B | — |
| CEG Independent Power ProducersConstellation Energy Corporation | 0/5 short0/3 long | −3.1% | −7.0% | −10.8% | −30.0% | −26.7% | +132% | — | — | — | — | −50.7% | — | $90B | — |
How did ETR do year by year?
This table shows each investment's total return in every full calendar year since 1997, along with where ETR ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with ETR and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.
- ETR finished ahead of the S&P 500 in 16 of its 29 full calendar years, and ahead of it in each of the last two.
- Among its popular alternatives, VST came out ahead of ETR most often, in seven of the nine years both traded.
- Ranked against its popular alternatives each year, ETR finished in the top quarter in seven of 29 years and in the bottom quarter in eight. In 2025, it ranked 6 of 26.
Newest year first. Green marks a year in which the fund came out ahead of ETR; gray means the two finished within a fraction of a point. The rank row places ETR among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.
| Investment | Years ahead of ETR | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETR This pageEntergy Corporation | — | +25.4% | +55.9% | −6.1% | +3.5% | +17.1% | −13.7% | +44.3% | +10.6% | +15.9% | +12.6% | −18.2% | +44.8% | +4.3% | −8.3% | +8.4% | −9.7% | +2.4% | −28.3% | +32.5% | +38.4% | +4.6% | +22.0% | +29.3% | +20.3% | −4.6% | +71.4% | −14.0% | +9.7% | +16.7% |
| Rank among alternatives | Top quarter in 7 of 29 | 6 of 26 | 3 of 25 | 16 of 25 | 12 of 24 | 13 of 24 | 21 of 24 | 2 of 24 | 8 of 24 | 10 of 24 | 18 of 23 | 20 of 23 | 2 of 23 | 20 of 23 | 22 of 23 | 19 of 23 | 20 of 23 | 19 of 23 | 15 of 23 | 5 of 23 | 3 of 23 | 20 of 23 | 8 of 23 | 12 of 23 | 1 of 23 | 12 of 23 | 7 of 23 | 7 of 23 | 12 of 22 | 16 of 22 |
| SPY S&P 500State Street SPDR S&P 500 ETF | 12 of 29 | +17.7% | +24.9% | +26.2% | −18.2% | +28.7% | +18.3% | +31.2% | −4.6% | +21.7% | +12.0% | +1.2% | +13.5% | +32.3% | +16.0% | +1.9% | +15.1% | +26.4% | −36.8% | +5.1% | +15.9% | +4.8% | +10.7% | +28.2% | −21.6% | −11.7% | −9.8% | +20.4% | +28.7% | +33.5% |
| PWR Quanta Services, Inc. | 15 of 27 | +33.7% | +46.6% | +51.7% | +24.6% | +59.5% | +77.8% | +35.8% | −22.9% | +12.2% | +72.1% | −28.7% | −10.1% | +15.7% | +26.7% | +8.1% | −4.4% | +5.3% | −24.6% | +33.5% | +49.3% | +64.7% | +9.5% | +109% | −77.3% | −52.1% | +71.0% | +28.0% | — | — |
| VST Vistra Corp. | 7 of 9 | +17.7% | +262% | +70.7% | +5.1% | +19.5% | −11.9% | +2.5% | +24.9% | +18.2% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| CCJ Cameco Corporation | 15 of 29 | +78.4% | +19.5% | +90.5% | +4.3% | +63.2% | +51.5% | −21.1% | +23.5% | −9.0% | −12.6% | −23.1% | −19.5% | +7.4% | +10.8% | −54.5% | +26.8% | +88.8% | −56.3% | −1.2% | +28.1% | +82.3% | +83.9% | +145% | −1.3% | +44.7% | +21.9% | −13.2% | −43.2% | −18.5% |
| PNW Pinnacle West Capital Corporation | 12 of 29 | +8.9% | +23.5% | −1.2% | +13.0% | −7.8% | −7.7% | +9.1% | +3.6% | +11.7% | +25.4% | −2.0% | +34.6% | +7.9% | +10.3% | +21.9% | +19.6% | +21.8% | −19.4% | −12.3% | +28.4% | −2.7% | +16.1% | +23.4% | −14.6% | −9.1% | +62.2% | −25.4% | +2.9% | +38.3% |
| AEP American Electric Power Company, Inc. | 14 of 29 | +29.4% | +18.2% | −11.0% | +10.4% | +10.7% | −9.0% | +30.5% | +5.4% | +19.9% | +11.9% | −0.4% | +35.1% | +14.2% | +8.2% | +20.7% | +8.6% | +10.4% | −25.5% | +13.0% | +19.7% | +12.3% | +17.5% | +19.2% | −32.8% | −1.3% | +54.8% | −27.3% | −4.1% | +32.6% |
| SO The Southern Company | 13 of 29 | +9.5% | +21.7% | +2.2% | +8.2% | +16.4% | +0.6% | +51.6% | −3.8% | +2.4% | +9.9% | −0.1% | +25.3% | +0.5% | −3.5% | +26.9% | +20.7% | −4.9% | +0.1% | +9.8% | +11.7% | +7.6% | +16.1% | +11.7% | +17.6% | +32.5% | +48.5% | −14.9% | +18.0% | +21.3% |
| WEC WEC Energy Group, Inc. | 14 of 29 | +16.0% | +16.1% | −7.0% | −0.5% | +8.6% | +2.5% | +37.0% | +7.9% | +17.1% | +18.2% | +0.8% | +32.0% | +16.1% | +8.9% | +22.9% | +21.7% | +22.5% | −11.8% | +5.0% | +24.2% | +18.7% | +3.4% | +36.8% | +15.6% | +3.7% | +25.4% | −34.8% | +15.4% | +13.5% |
| XEL Xcel Energy Inc. | 15 of 29 | +13.9% | +12.3% | −8.7% | +6.4% | +4.4% | +7.8% | +32.4% | +5.9% | +20.9% | +17.1% | +3.8% | +33.4% | +8.8% | +0.5% | +22.3% | +16.1% | +20.3% | −13.8% | +2.0% | +30.6% | +6.1% | +12.4% | +61.7% | −57.1% | +0.8% | +58.8% | −24.9% | +0.2% | +33.9% |
| LNT Alliant Energy Corporation | 15 of 29 | +13.5% | +19.5% | −3.8% | −7.4% | +22.8% | −3.2% | +33.5% | +2.4% | +16.0% | +25.4% | −2.6% | +33.3% | +22.0% | +2.6% | +25.3% | +27.2% | +9.7% | −25.2% | +11.3% | +39.4% | +1.7% | +19.4% | +58.4% | −40.1% | +1.9% | +24.2% | −8.7% | +3.7% | +26.7% |
| DUK Duke Energy Corporation | 16 of 29 | +12.7% | +15.6% | −1.6% | +2.0% | +19.1% | +4.8% | +10.3% | +7.4% | +12.9% | +13.4% | −10.8% | +26.3% | +13.0% | +1.3% | +30.1% | +9.5% | +21.9% | −21.6% | +8.9% | +26.2% | +15.6% | +30.2% | +11.8% | −48.2% | −5.3% | +76.0% | −18.6% | +20.2% | +25.3% |
| EVRG Evergy, Inc. | 12 of 29 | +22.4% | +23.4% | −13.3% | −4.9% | +28.0% | −11.7% | +18.4% | +10.9% | −3.5% | +36.8% | +6.9% | +33.2% | +17.5% | +4.2% | +20.3% | +22.2% | +13.0% | −16.5% | +4.1% | +26.1% | −2.0% | +17.3% | +115% | −37.2% | −26.4% | +58.7% | −44.3% | −18.3% | +48.3% |
| AEE Ameren Corporation | 10 of 29 | +15.3% | +27.5% | −16.1% | +2.5% | +17.1% | +4.3% | +20.8% | +14.0% | +15.9% | +25.7% | −2.4% | +32.8% | +23.4% | −2.5% | +23.9% | +6.9% | −10.4% | −34.5% | +5.9% | +10.1% | +7.1% | +15.1% | +17.5% | +4.3% | −3.0% | +51.7% | −17.9% | +5.3% | +12.4% |
| EXC Exelon Corporation | 11 of 29 | +20.0% | +9.2% | −14.0% | +8.3% | +41.4% | −3.8% | +4.3% | +18.4% | +14.1% | +32.8% | −22.2% | +40.6% | −3.5% | −27.4% | +9.5% | −10.5% | −8.4% | −29.9% | +35.1% | +19.8% | +24.5% | +37.5% | +30.1% | +14.1% | −29.5% | +106% | −14.8% | +78.5% | +4.0% |
| CMS CMS Energy Corporation | 14 of 29 | +8.1% | +18.6% | −5.2% | +0.2% | +9.7% | −0.3% | +30.0% | +8.2% | +17.1% | +18.9% | +7.3% | +34.6% | +13.9% | +15.0% | +23.9% | +23.7% | +61.1% | −40.2% | +5.4% | +15.0% | +39.0% | +22.7% | −9.7% | −57.7% | −19.9% | +8.3% | −32.7% | +13.2% | +35.4% |
| PPL PPL Corporation | 12 of 29 | +11.4% | +24.0% | −3.8% | +0.4% | +12.8% | −16.9% | +33.4% | −3.0% | −5.2% | +4.1% | +6.2% | +26.1% | +10.3% | +2.4% | +17.6% | −14.1% | +10.2% | −39.0% | +49.3% | +26.2% | +14.8% | +26.1% | +31.3% | +3.9% | −21.0% | +105% | −14.6% | +31.1% | +12.4% |
| GEV GE Vernova Inc. | 1 of 1 | +99.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| CNP CenterPoint Energy, Inc. | 16 of 29 | +23.8% | +14.2% | −2.2% | +10.0% | +32.4% | −17.9% | +0.6% | +3.7% | +19.7% | +40.9% | −17.6% | +5.1% | +24.8% | −0.2% | +33.6% | +14.2% | +22.4% | −22.5% | +7.4% | +35.1% | +17.4% | +21.1% | +27.1% | −54.3% | −36.0% | +98.7% | −24.6% | +26.2% | +26.5% |
| D Dominion Energy, Inc. | 14 of 29 | +14.0% | +20.4% | −19.2% | −19.1% | +8.1% | −5.3% | +21.5% | −7.6% | +9.9% | +17.7% | −8.7% | +23.0% | +29.8% | +1.6% | +29.4% | +14.8% | +14.4% | −21.6% | +16.5% | +12.6% | +18.2% | +10.5% | +21.3% | −4.5% | −6.5% | +80.2% | −11.0% | +16.7% | +18.5% |
| NEE NextEra Energy, Inc. | 15 of 29 | +15.5% | +21.5% | −25.3% | −8.5% | +23.4% | +30.0% | +42.6% | +14.3% | +34.4% | +18.5% | +0.8% | +27.9% | +27.9% | +17.9% | +21.9% | +2.3% | +9.0% | −23.5% | +27.9% | +35.5% | +15.2% | +18.5% | +13.0% | +11.3% | −18.5% | +74.7% | −28.0% | +8.2% | +33.0% |
| PEG Public Service Enterprise Group Incorporated | 17 of 29 | −1.9% | +42.6% | +3.6% | −5.1% | +18.3% | +2.4% | +17.1% | +4.7% | +21.8% | +17.8% | −2.8% | +34.4% | +9.4% | −2.9% | +8.3% | −0.1% | +19.2% | −38.6% | +52.1% | +5.6% | +30.3% | +24.3% | +44.0% | −19.3% | −9.0% | +48.5% | −7.9% | +33.5% | +27.1% |
| DTE DTE Energy Company | 13 of 29 | +10.4% | +13.5% | −2.8% | +1.2% | +19.4% | −2.9% | +21.4% | +4.2% | +14.6% | +27.0% | −3.7% | +34.8% | +15.0% | +14.9% | +25.9% | +9.0% | +30.4% | −14.4% | −5.1% | +17.7% | +4.8% | +15.0% | −10.4% | +16.1% | +13.0% | +30.8% | −22.5% | +30.4% | +14.7% |
| FE FirstEnergy Corp. | 10 of 29 | +17.3% | +13.3% | −8.9% | +4.8% | +41.7% | −34.2% | +34.1% | +27.9% | +3.6% | +1.9% | −15.2% | +23.6% | −16.6% | −1.1% | +26.1% | −15.6% | +0.5% | −30.6% | +23.7% | +27.3% | +28.7% | +16.5% | +11.7% | −1.5% | +16.1% | +47.9% | −26.6% | +18.1% | +27.5% |
| EIX Edison International | 15 of 29 | −20.4% | +15.3% | +17.4% | −2.6% | +13.6% | −12.8% | +37.6% | −6.7% | −9.5% | +24.9% | −6.9% | +45.1% | +5.5% | +12.4% | +10.9% | +15.1% | +12.5% | −38.0% | +19.9% | +7.0% | +39.6% | +52.2% | +85.1% | −21.6% | −3.3% | −37.0% | −2.8% | +6.4% | +42.3% |
| PCG PG&E Corporation | 13 of 29 | −19.7% | +12.2% | +10.9% | +33.9% | −2.5% | +14.5% | −54.2% | −47.0% | −24.5% | +17.9% | +3.5% | +37.4% | +4.6% | +1.8% | −10.1% | +11.7% | +20.1% | −6.4% | −6.1% | +31.6% | +16.3% | +19.8% | +99.8% | −27.8% | −3.8% | +2.5% | −32.0% | +7.9% | +51.7% |
| CEG Constellation Energy Corporation | 3 of 3 | +58.8% | +92.7% | +37.3% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Risk and diversification
How ETR has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.
What were ETR's worst declines?
A drawdown is the decline from a peak to the lowest point before a new high. This section presents ETR's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.
- In all four of ETR's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: ETR fell 48.0% from June 1999 to March 2000, while the S&P 500 rose 5.7%.
- The slowest recovery came after ETR fell 50.0% from January 2008 to March 2009; it did not regain that peak until October 2017, nine years later.
Green means ETR fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | ETR fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| No named crash | −51.1% | — | Feb 1987 | Dec 1987 | 10 months | Jan 1989 | 13 months |
| 2008 financial crisis | −50.0% | −44.5% | Jan 2008 | Mar 2009 | 14 months | Oct 2017 | 8.6 years |
| No named crash | −48.0% | +5.7% | Jun 1999 | Mar 2000 | 9 months | Aug 2000 | 5 months |
| No named crash | −45.1% | +12.3% | Sep 1993 | Mar 1995 | 18 months | Mar 1998 | 3 years |
| Covid crash | −42.0% | −33.4% | Feb 2020 | Mar 2020 | 1 month | Apr 2022 | 2.1 years |
How did ETR do in stock market crashes?
This section measures how far ETR, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.
- Among its popular alternatives, SO held up best, falling less than ETR in eight of the ten crashes they both traded through.
- ETR fell less than the S&P 500 in six of the ten crashes it has traded through. The clearest case was the dot-com bust, when ETR fell 28.4% and the S&P 500 fell 47.5%.
Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than ETR.
| Investment | Held up better | 2023 regional bank crisisMar 2023 | 2022 bear marketJan 2022 | Covid crashFeb 2020 | Late-2018 sell-offSep 2018 | February 2018 volatility shockFeb 2018 | 2015 China and oil sell-offAug 2015 | 2011 euro debt crisisJul 2011 | 2010 flash crashMay 2010 | 2008 financial crisisOct 2007 | Dot-com bustMar 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ETR This pageEntergy Corporation | — | −3.0% | −21.9% | −41.3% | −8.0% | −4.1% | −13.2% | −13.4% | −1.1% | −49.4% | −28.4% |
| SPY S&P 500State Street SPDR S&P 500 ETF | 1 of 10 | −3.4% | −24.5% | −33.7% | −19.3% | −6.5% | −12.8% | −17.9% | −1.5% | −55.2% | −47.5% |
| PWR Quanta Services, Inc. | 0 of 10 | −4.0% | −21.7% | −40.8% | −22.1% | −7.1% | −35.4% | −21.6% | −1.7% | −69.6% | −97.1% |
| VST Vistra Corp. | 0 of 5 | −7.1% | −22.1% | −45.7% | −17.3% | −8.8% | — | — | — | — | — |
| CCJ Cameco Corporation | 2 of 10 | −3.5% | −34.8% | −40.3% | −14.9% | −7.9% | −26.4% | −38.7% | −0.3% | −76.9% | −47.3% |
| PNW Pinnacle West Capital Corporation | 3 of 10 | −4.0% | −24.0% | −39.3% | −8.4% | −4.3% | −11.2% | −13.4% | −2.2% | −43.8% | −53.3% |
| AEP American Electric Power Company, Inc. | 5 of 10 | −2.0% | −22.3% | −32.4% | −8.5% | −5.5% | −10.6% | −9.3% | −0.8% | −48.0% | −62.8% |
| SO The Southern Company | 8 of 10 | −1.2% | −23.3% | −38.1% | −9.6% | −1.9% | −9.4% | −5.2% | 0.0% | −30.4% | −19.0% |
| WEC WEC Energy Group, Inc. | 6 of 10 | −1.9% | −23.6% | −32.3% | −9.8% | −4.0% | −9.6% | −12.0% | −0.6% | −24.4% | −21.3% |
| XEL Xcel Energy Inc. | 5 of 10 | −1.8% | −24.7% | −28.9% | −9.4% | −4.6% | −10.4% | −11.0% | −1.1% | −27.2% | −80.6% |
| LNT Alliant Energy Corporation | 1 of 10 | −2.7% | −25.2% | −32.9% | −11.0% | −4.5% | −13.3% | −15.5% | −1.3% | −49.5% | −45.0% |
| DUK Duke Energy Corporation | 6 of 10 | −1.9% | −24.1% | −37.4% | −7.7% | −2.9% | −13.7% | −8.8% | 0.0% | −38.9% | −63.5% |
| EVRG Evergy, Inc. | 5 of 10 | −2.1% | −22.8% | −38.8% | −8.0% | −2.6% | −11.2% | −14.6% | −1.2% | −39.8% | −59.5% |
| AEE Ameren Corporation | 3 of 10 | −2.5% | −22.9% | −29.1% | −10.2% | −4.2% | −11.5% | −13.2% | −1.9% | −60.6% | −17.8% |
| EXC Exelon Corporation | 3 of 10 | −2.6% | −27.4% | −39.8% | −6.9% | −4.6% | −24.7% | −10.5% | −0.8% | −50.9% | −40.6% |
| CMS CMS Energy Corporation | 2 of 10 | −2.8% | −26.5% | −29.3% | −9.8% | −3.9% | −10.4% | −13.5% | −1.3% | −49.4% | −79.9% |
| PPL PPL Corporation | 4 of 10 | −1.9% | −21.8% | −47.1% | −13.1% | −5.3% | −11.7% | −11.5% | 0.0% | −53.5% | −55.4% |
| CNP CenterPoint Energy, Inc. | 3 of 10 | −1.5% | −22.8% | −54.2% | −7.2% | −6.2% | −17.8% | −14.9% | −0.9% | −48.8% | −88.4% |
| D Dominion Energy, Inc. | 5 of 10 | −3.2% | −28.0% | −33.3% | −7.5% | −3.1% | −13.3% | −7.7% | 0.0% | −41.4% | −44.4% |
| NEE NextEra Energy, Inc. | 5 of 10 | −1.7% | −24.0% | −35.6% | −8.2% | −6.9% | −12.9% | −12.8% | 0.0% | −47.9% | −32.2% |
| PEG Public Service Enterprise Group Incorporated | 1 of 10 | −3.6% | −27.3% | −38.0% | −10.8% | −6.6% | −14.8% | −13.4% | −1.0% | −51.0% | −48.3% |
| DTE DTE Energy Company | 2 of 10 | −2.7% | −24.9% | −42.4% | −8.4% | −4.6% | −11.1% | −14.1% | −1.9% | −50.6% | −27.7% |
| FE FirstEnergy Corp. | 4 of 10 | −4.1% | −25.2% | −36.4% | −9.5% | −3.5% | −15.6% | −12.5% | 0.0% | −54.2% | −34.4% |
| EIX Edison International | 2 of 10 | −3.0% | −22.0% | −42.7% | −33.1% | −5.7% | −11.3% | −15.2% | 0.0% | −57.7% | −69.5% |
| PCG PG&E Corporation | 4 of 10 | −3.4% | −24.9% | −59.7% | −63.8% | −7.7% | −12.5% | −8.8% | −0.3% | −36.9% | −78.8% |
| CEG Constellation Energy Corporation | 1 of 1 | −2.0% | — | — | — | — | — | — | — | — | — |
How closely does ETR move with the S&P 500?
Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares ETR with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.
- None of the 22 popular alternatives with the same record had a higher capture ratio (upside capture divided by downside capture) than ETR's 2.39.
- Over the past 10 years, ETR captured 58% of the S&P 500's gains in rising months and 24% of its losses in falling months, with a beta of 0.53. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than ETR's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.
| Investment | Upside capture | Downside capture | Capture ratio | Beta |
|---|---|---|---|---|
| ETR This pageEntergy Corporation | 58% | 24% | 2.39 | 0.53 |
| PWR Quanta Services, Inc. | 141% | 61% | 2.31 | 1.22 |
| SO The Southern Company | 41% | 20% | 1.98 | 0.39 |
| AEP American Electric Power Company, Inc. | 44% | 23% | 1.93 | 0.40 |
| EXC Exelon Corporation | 40% | 21% | 1.91 | 0.37 |
| DUK Duke Energy Corporation | 35% | 19% | 1.88 | 0.33 |
| WEC WEC Energy Group, Inc. | 41% | 23% | 1.73 | 0.34 |
| XEL Xcel Energy Inc. | 41% | 24% | 1.68 | 0.35 |
| CMS CMS Energy Corporation | 35% | 23% | 1.56 | 0.28 |
| CCJ Cameco Corporation | 124% | 81% | 1.53 | 1.04 |
| AEE Ameren Corporation | 51% | 33% | 1.52 | 0.38 |
| NEE NextEra Energy, Inc. | 62% | 44% | 1.40 | 0.45 |
| PNW Pinnacle West Capital Corporation | 34% | 27% | 1.23 | 0.38 |
| FE FirstEnergy Corp. | 40% | 33% | 1.22 | 0.36 |
| LNT Alliant Energy Corporation | 50% | 45% | 1.13 | 0.46 |
| EVRG Evergy, Inc. | 42% | 38% | 1.11 | 0.47 |
| DTE DTE Energy Company | 47% | 42% | 1.11 | 0.50 |
| PEG Public Service Enterprise Group Incorporated | 52% | 47% | 1.09 | 0.53 |
| CNP CenterPoint Energy, Inc. | 57% | 62% | 0.93 | 0.71 |
| PPL PPL Corporation | 52% | 77% | 0.67 | 0.65 |
| D Dominion Energy, Inc. | 43% | 70% | 0.61 | 0.52 |
| EIX Edison International | 30% | 52% | 0.58 | 0.61 |
| PCG PG&E Corporation | -17% | 72% | -0.24 | 0.78 |
What diversifies ETR?
Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with ETR's. Because such investments tend not to fall at the same time, pairing ETR with them can reduce a portfolio's overall swings.
- Moving a fifth of the money in ETR into DXJ would have cut the portfolio's volatility by 17% over the past 5 years and raised its annual return (+18.9% for ETR alone, +20.9% for the mix).
- FIX made money in six of the eight calendar years in which ETR lost money.
- Among large ETFs, DXJ, DBEF and SMH have moved largely independently of ETR over the past 5 years, with correlations of 0.43 or lower, and each still earned a positive 5-year return.
Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which ETR lost money. The last two columns show a portfolio that is 80% ETR and 20% the other investment, rebalanced monthly.
ETFs
| Investment | Correlation | 5Y return | Sharpe | 2023 | 2020 | 2015 | 2012 | 2010 | 2008 | 2001 | 1999 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETR Entergy Corporation (this page) | 1.00 | +146% | 0.92 | −6.1% | −13.7% | −18.2% | −8.3% | −9.7% | −28.3% | −4.6% | −14.0% | 20.3% | +18.9% |
| DXJ InternationalWisdomTree Japan Hedged Equity Fund | 0.20 | +225% | 1.34 | +42.0% | +3.9% | +7.7% | +19.6% | −1.8% | −20.8% | — | — | 17.0% | +20.9% |
| DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF | 0.43 | +83.6% | 0.95 | +20.1% | +2.1% | +4.1% | +20.9% | — | — | — | — | 17.3% | +18.2% |
| SMH TechnologyVanEck Semiconductor ETF | 0.17 | +304% | 0.94 | +73.4% | +55.5% | −0.3% | +8.6% | +19.0% | −44.7% | −14.6% | — | 18.7% | +23.7% |
| FDVV Dividend & IncomeFidelity High Dividend ETF | 0.47 | +87.9% | 0.94 | +18.0% | +2.8% | — | — | — | — | — | — | 17.9% | +18.3% |
| XLE EnergyState Street Energy Select Sector SPDR ETF | 0.33 | +178% | 0.94 | −0.6% | −32.7% | −21.5% | +5.2% | +21.9% | −39.0% | −18.2% | +18.1% | 18.6% | +20.4% |
| GLD CommoditiesSPDR Gold Shares | 0.29 | +120% | 0.93 | +12.7% | +24.8% | −10.7% | +6.6% | +29.3% | +4.9% | — | — | 17.6% | +19.3% |
| DFIV InternationalDimensional - International Value ETF | 0.39 | +99.4% | 0.93 | +17.7% | — | — | — | — | — | — | — | 17.7% | +18.6% |
| VLUE Broad MarketiShares MSCI USA Value Factor ETF | 0.33 | +112% | 0.91 | +14.2% | −0.2% | −4.1% | — | — | — | — | — | 18.0% | +19.1% |
Stocks
| Investment | Correlation | 5Y return | Sharpe | 2023 | 2020 | 2015 | 2012 | 2010 | 2008 | 2001 | 1999 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETR Entergy Corporation (this page) | 1.00 | +146% | 0.92 | −6.1% | −13.7% | −18.2% | −8.3% | −9.7% | −28.3% | −4.6% | −14.0% | 20.3% | +18.9% |
| CAH Medical - DistributionCardinal Health, Inc. | 0.27 | +471% | 1.54 | +34.1% | +10.1% | +12.6% | +3.8% | +21.4% | −39.6% | −2.5% | −36.8% | 18.4% | +23.2% |
| CLS Hardware, Equipment & PartsCelestica Inc. | 0.30 | +2,780% | 1.43 | +160% | −2.4% | −6.0% | +11.2% | +2.8% | −20.5% | −25.6% | +350% | 22.7% | +36.4% |
| MCK Medical - DistributionMcKesson Corporation | 0.21 | +397% | 1.41 | +24.1% | +27.1% | −4.5% | +25.6% | +13.8% | −40.4% | +4.9% | −71.3% | 18.0% | +22.7% |
| FIX Engineering & ConstructionComfort Systems USA, Inc. | 0.32 | +1,452% | 1.41 | +79.6% | +6.7% | +67.7% | +15.7% | +8.7% | −15.2% | +73.7% | −58.7% | 20.9% | +32.2% |
| MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation | 0.16 | +660% | 1.39 | +30.4% | −27.4% | +17.4% | +94.3% | — | — | — | — | 18.5% | +25.5% |
Common questions
What was ETR's worst drawdown?
ETR's deepest decline since it began trading in 1986 was 51.1%, from February to December 1987. It took 13 months from the low to climb back to its old high.
What were ETR's best and worst years?
Over 29 full calendar years, ETR's best year was 2000, when it returned 71.4%. Its worst was 2008, with a return of -28.3%.
Is there a better investment than ETR?
Few investments have done better on both counts: only five of the 3,641 stocks and funds worth at least $500 million earned more than ETR with less volatility over the past 5 years, among them MPLX, DXJ and SDCI.
Is ETR more volatile than the S&P 500?
Yes. ETR's volatility over the past 5 years was 22.4%, 1.3 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ETR's return lands within 22.4% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.
What is ETR's Sharpe ratio?
ETR's Sharpe ratio over the past 5 years was 0.92, against 0.78 for the S&P 500, so ETR earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.
How correlated is ETR with the S&P 500?
Over the past 5 years, ETR's monthly returns had a correlation of 0.35 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against ETR instead: the lower it is, the more that option would diversify a ETR holding.
What are the best alternatives to ETR?
None of the 25 popular alternatives we compared outperformed ETR in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about ETR's strength than about its alternatives.
Did ETR outperform the S&P 500?
ETR finished ahead of the S&P 500 (SPY) in 16 of 29 full calendar years. In 2025, it returned +25.4%, against +17.7% for the index.
How did ETR do in stock market crashes?
ETR fell less than the S&P 500 (SPY) in six of the ten major crashes it has traded through, and further in one. The clearest case was the dot-com bust, when ETR fell 28.4% and the S&P 500 fell 47.5%.
What diversifies ETR?
These had a low correlation with ETR over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.20), DBEF (correlation 0.43) and SMH (correlation 0.17); among large stocks, CAH (correlation 0.27), CLS (correlation 0.30) and MCK (correlation 0.21). A correlation near zero means the two have moved largely independently.
How we measure
- Short-term periods are 1M, 3M, 6M, YTD, 1Y; long-term periods are 3Y, 5Y, 10Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than ETR's. Returns within 0.5 points or 3% of ETR's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 short-term periods and 2 of 3 long-term periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 5 years, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Upside and downside capture follow Morningstar's definition: the compound monthly return in the months the S&P 500 rose (or fell), divided by the S&P 500's compound return in those months. Beta measures how strongly monthly returns have moved with the S&P 500. All three use the same window for every investment.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.
More research
Popular alternatives to ETR
PWRQuanta Services
VSTVistra
AEPAmerican Electric Power
SOSouthern
XELXcel Energy
DUKDuke Energy
EXCExelon
GEVGE Vernova
DDominion Energy
NEENextEra Energy
CEGConstellation Energy