BetterThanSPY

Relative Intelligence · Power Generation Equipment

How GE Vernova (GEV) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on GEV alone. It places GEV (GE Vernova Inc.) against 19 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 and diversification. The result is a clearer view of where GEV stands in the market, and of the alternatives worth a closer look.

Period covered: GEV's full trading record, from March 2024 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.

Rank the market against GEV →Chart GEV vs. 19 alternatives →

This page answers the following questions about GEV

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

How much would $10,000 in GEV have grown?

This chart tracks a hypothetical $10,000 investment in GEV over the past 2 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of GEV over the same span and GEV's popular alternatives, among those that traded for the entire period. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: GEV began trading on March 27, 2024, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or eight other sell-offs. It covers the most recent 2 years of GEV's record, starting at the end of September 2024.

From the end of September 2024 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. 115 of the 4,104 stocks and funds worth at least $500 million that traded the whole period ended ahead of GEV; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$20,000$50,000$100,000$200,000202420252026$10,000$100,000202420252026
  • BE$262,290+2,523% total · +412% a year
  • MU$103,342+933% total · +221% a year
  • INTC$51,248+412% total · +126% a year
  • PLTR$50,282+403% total · +124% a year
  • LRCX$40,870+309% total · +102% a year
  • GEV$37,435+274% total · +93.5% a year
  • PWR$21,595+116% total · +47.0% a year
  • FCEL$14,403+44.0% total · +20.0% a year
  • SPY (S&P 500)$13,598+36.0% total · +16.6% a year
  • GNRC$13,026+30.3% total · +14.1% a year
Change the dates or add tickers to this chart in EasyCompare

GEV 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.

Note: GEV began trading on March 27, 2024, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or eight other sell-offs.

The company

Market value
$220B
Industry
Industrial - Machinery
Price history from
March 2024

Returns

Past 1 year
+43.9%total return
Best calendar year
+99.0%2025
Worst calendar year
+99.0%2025
Losing years
0 of 1full calendar years

Risk

Volatility
53.4%typical yearly swing, 1 year
Sharpe ratio
0.95return per unit of risk, 1 year
Worst decline ever
−38.3%Jan 2025 to Mar 2025
From its all-time high
−29.6%below the peak

GEV against the whole market

Where GEV ranks among every stock and fund, and what across the market has done better.

How does GEV rank among all stocks?

This section ranks GEV 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 GEV stacks up against its peers, these rankings show where it stands in the market as a whole.

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.

MeasureGEVRankStanding
1-year return+43.9%667 of 3,282top 20%
Volatility, 1 year53.4%2,255 of 3,282bottom 32%
Sharpe ratio, 1 year0.95979 of 3,282top 30%

GEV against its popular alternatives

The investments people most often weigh against GEV, compared period by period and year by year.

How do GEV's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 1 year 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 GEV, which divides the map into what did better or worse on each measure.

Green points earned more than GEV with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

0.0%20.0%40.0%60.0%80.0%100%120%140%−100%−50.0%0.0%50.0%100%150%Volatility over 1 year (annualized)Annual return over 1 yearHigher return, lower volatilityLower return, higher volatilityGEV: 43.9% a year, volatility 53.4%SPY (S&P 500): 15.6% a year, volatility 12.8%GNRC: 2.7% a year, volatility 58.1%POWL: 36.1% a year, volatility 64.4%BW: 32.3% a year, volatility 120%VRT: 14.1% a year, volatility 66.3%PLUG: −52.7% a year, volatility 79.3%AMSC: −54.3% a year, volatility 80.1%BE: 131% a year, volatility 112%FCEL: 48.3% a year, volatility 135%PWR: 34.1% a year, volatility 45.3%EMR: 25.1% a year, volatility 31.7%HUBB: 6.8% a year, volatility 31.9%NEE: 1.7% a year, volatility 21.3%DUK: 0.6% a year, volatility 16.6%VST: −23.8% a year, volatility 50.6%CEG: −26.7% a year, volatility 48.9%CMI: 29.2% a year, volatility 36.9%ETN: 3.5% a year, volatility 40.2%NVT: 32.3% a year, volatility 49.5%BWXT: −33.0% a year, volatility 44.7%GEVSPY (S&P 500)GNRCPOWLBWVRTPLUGAMSCBEFCELPWREMRHUBBNEEDUKVSTCEGCMIETN0.0%50.0%100%150%−100%−50.0%0.0%50.0%100%150%Volatility over 1 year (annualized)Annual return over 1 yearHigher return, lower volatilityLower return, higher volatilityGEV: 43.9% a year, volatility 53.4%SPY (S&P 500): 15.6% a year, volatility 12.8%GNRC: 2.7% a year, volatility 58.1%POWL: 36.1% a year, volatility 64.4%BW: 32.3% a year, volatility 120%VRT: 14.1% a year, volatility 66.3%PLUG: −52.7% a year, volatility 79.3%AMSC: −54.3% a year, volatility 80.1%BE: 131% a year, volatility 112%FCEL: 48.3% a year, volatility 135%PWR: 34.1% a year, volatility 45.3%EMR: 25.1% a year, volatility 31.7%HUBB: 6.8% a year, volatility 31.9%NEE: 1.7% a year, volatility 21.3%DUK: 0.6% a year, volatility 16.6%VST: −23.8% a year, volatility 50.6%CEG: −26.7% a year, volatility 48.9%CMI: 29.2% a year, volatility 36.9%ETN: 3.5% a year, volatility 40.2%NVT: 32.3% a year, volatility 49.5%BWXT: −33.0% a year, volatility 44.7%GEVSPY (S&P 500)GNRCBWVRTPLUGAMSCBEFCELPWRNEEDUKVSTCEGETNNVT
All figures
InvestmentAnnual returnVolatility
BE Bloom Energy Corporation+131%112%
FCEL FuelCell Energy, Inc.+48.3%135%
GEV This pageGE Vernova Inc.+43.9%53.4%
POWL Powell Industries, Inc.+36.1%64.4%
PWR Quanta Services, Inc.+34.1%45.3%
NVT nVent Electric plc+32.3%49.5%
BW Babcock & Wilcox Enterprises, Inc.+32.3%120%
CMI Cummins Inc.+29.2%36.9%
EMR Emerson Electric Co.+25.1%31.7%
SPY S&P 500State Street SPDR S&P 500 ETF+15.6%12.8%
VRT Vertiv Holdings Co+14.1%66.3%
HUBB Hubbell Incorporated+6.8%31.9%
ETN Eaton Corporation plc+3.5%40.2%
GNRC Generac Holdings Inc.+2.7%58.1%
NEE NextEra Energy, Inc.+1.7%21.3%
DUK Duke Energy Corporation+0.6%16.6%
VST Vistra Corp.−23.8%50.6%
CEG Constellation Energy Corporation−26.7%48.9%
BWXT BWX Technologies, Inc.−33.0%44.7%
PLUG Plug Power Inc.−52.7%79.3%
AMSC American Superconductor Corporation−54.3%80.1%
Open these 21 in EasyCompare

Has GEV consistently beaten its popular alternatives?

This section compares GEV with the investments people most often weigh against it, checking each one over five periods from one month to one year. Counting how often an alternative earned more than GEV helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than GEV over that period. "Qualified" marks those that did so in at least 3 of 5 periods.

InvestmentPeriods outperformed Short termRisk · 1 yearFund
1M3M6MYTD1YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
GEV GE Vernova Inc. (this page)—−12.9%−16.0%−26.6%+22.0%+43.9%53.4%0.95——$220B—
BE QualifiedBloom Energy Corporation4/5 short−21.2%−0.2%−5.2%+121%+131%112%1.30−92.5%—$64B—
GNRC QualifiedGenerac Holdings Inc.4/5 short−8.8%−11.9%−12.0%+33.3%+2.7%58.1%0.33−83.8%—$11B—
FCEL QualifiedFuelCell Energy, Inc.3/5 short−35.2%−48.5%−1.9%+41.7%+48.3%135%0.93−99.8%—$926M—
PWR QualifiedQuanta Services, Inc.3/5 short−14.0%−14.1%−10.0%+25.7%+34.1%45.3%0.87−45.5%—$83B—
EMR QualifiedEmerson Electric Co.3/5 short+4.0%+15.2%+13.1%+19.4%+25.1%31.7%0.87−50.8%—$89B—
HUBB QualifiedHubbell Incorporated3/5 short−2.8%−6.2%−18.4%−2.9%+6.8%31.9%0.37−41.6%—$24B—
NEE QualifiedNextEra Energy, Inc.3/5 short+3.3%−7.7%−7.6%+3.4%+1.7%21.3%0.19−45.0%—$171B—
DUK QualifiedDuke Energy Corporation3/5 short+7.8%−1.1%+1.9%+9.6%+0.6%16.6%0.12−37.4%—$98B—
VST QualifiedVistra Corp.3/5 short+0.3%−15.4%−9.3%−14.4%−23.8%50.6%-0.28−53.3%—$47B—
CEG QualifiedConstellation Energy Corporation3/5 short−3.1%−7.0%−10.8%−30.0%−26.7%48.9%-0.39−50.7%—$90B—
CMI Industrial - MachineryCummins Inc.2/5 short−1.3%−21.1%−18.2%+0.5%+29.2%36.9%0.88−44.0%—$72B—
ETN Electrical Equipment & PartsEaton Corporation plc2/5 short−16.6%−9.1%−10.4%+13.7%+3.5%40.2%0.29−44.5%—$143B—
POWL Electrical Equipment & PartsPowell Industries, Inc.1/5 short−21.5%−37.4%−37.9%+28.4%+36.1%64.4%0.80−68.3%—$5.5B—
NVT Electrical Equipment & PartsnVent Electric plc1/5 short−21.5%−19.3%−8.6%+20.1%+32.3%49.5%0.82−56.2%—$21B—
BWXT Aerospace & DefenseBWX Technologies, Inc.1/5 short−11.9%−27.2%−41.7%−29.7%−33.0%44.7%-0.68−47.7%—$12B—
BW Industrial - MachineryBabcock & Wilcox Enterprises, Inc.0/5 short−42.5%−60.5%−73.5%−33.5%+32.3%120%0.79−99.9%—$629M—
VRT Electrical Equipment & PartsVertiv Holdings Co0/5 short−22.8%−35.0%−35.9%+11.5%+14.1%66.3%0.53−71.3%—$75B—
PLUG Electrical Equipment & PartsPlug Power Inc.0/5 short−34.6%−38.1%−56.7%−38.1%−52.7%79.3%-0.56−99.0%—$1.9B—
AMSC Electrical Equipment & PartsAmerican Superconductor Corporation0/5 short−19.9%−25.1%−48.1%−20.8%−54.3%80.1%-0.55−89.1%—$1.2B—
Open these 20 in EasyCompare

Risk and diversification

How GEV 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 GEV's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents GEV's five deepest drawdowns since it began trading in 2024, 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.

Note: GEV began trading on March 27, 2024, so this list cannot include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

Green means GEV fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringGEV fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
No named crash−38.3%−8.1%Jan 2025Mar 20252 monthsMay 20252 months
No named crash−29.6%+2.6%Jun 2026Oct 20264 monthsNot yet—
No named crash−24.6%+2.4%Apr 2026Jun 20262 monthsJun 2026Under a month
No named crash−17.5%+7.0%Aug 2025Nov 20253 monthsDec 20251 month
No named crash−15.0%−2.4%Dec 2025Dec 2025Under a monthJan 20261 month

Common questions

What was GEV's worst drawdown?

GEV's deepest decline since it began trading in 2024 was 38.3%, from January to March 2025. It took two months from the low to climb back to its old high. Because GEV launched in March 2024, that record does not include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

What were GEV's best and worst years?

Over one full calendar years, GEV's best year was 2025, when it returned 99.0%. Its worst was 2025, with a return of +99.0%.

What are the best alternatives to GEV?

Of the 19 popular alternatives we compared, ten outperformed GEV in at least 3 of 5 timeframes, with dividends reinvested: BE, GNRC and FCEL.

How we measure

More research

Popular alternatives to GEV

Other stocks and ETFs