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

> Source: BetterThanSPY research, https://betterthanspy.com/research/gev
> Data as of October 22, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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.

## Key findings

- **Right now:** Over the past 6 months, GEV fell 26.6% while the S&P 500 rose 8.0%. The slide is GEV's own: it is 29.6% below its high, against 1.9% for the S&P 500.
- **Stock or market?:** The weakness is GEV's own: it fell 16.0% over the past 3 months while the power generation equipment ETF XLI (State Street Industrial Select Sector SPDR ETF) fell 6.5%. The S&P 500 rose 2.5%. Its power generation equipment peers did not move as one over the past 3 months: EMR (Emerson Electric) rose 15.2%, while VRT (Vertiv) fell 35.0%.
- **Past 1 to 3 years:** GEV has run far ahead of the market, rising 43.9% over the past year against 15.6% for the S&P 500 and 16.9% for the Nasdaq 100.

## 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.

- $10,000 invested in GEV at the end of September 2024 would have grown to $37,435 by September 2026, more than the $13,598 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of GEV, and BE finished highest, at $262,290.

## 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.

- GEV is still 29.6% below its all-time high.
- 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.

- Type: Stock, Industrials (Industrial - Machinery)
- Trading since: March 27, 2024
- Market value: $220B
- Volatility (1 year): 53.4%; Sharpe ratio: 0.95
- Worst decline ever: −38.3%, from January 23, 2025 to March 10, 2025; back at its high by May 19, 2025

| Period | GEV total return |
| --- | --- |
| 1 month | −12.9% |
| 3 months | −16.0% |
| 6 months | −26.6% |
| year to date | +22.0% |
| 1 year | +43.9% |

## 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.

- GEV's 1-year return ranks in the top 20% of the 3,282 stocks worth at least $300 million with 1 year of history.

| Measure | GEV | Rank |
| --- | --- | --- |
| 1-year return | +43.9% | 667 of 3,282 (top 21%) |
| Volatility, 1 year | 53.4% | 2,255 of 3,282 (top 69%) |
| Sharpe ratio, 1 year | 0.95 | 979 of 3,282 (top 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.

- None of the 19 popular alternatives earned more than GEV over the past 1 year with smaller price swings, so every higher return on the map came with a bumpier ride.
- Over the past 1 year, GEV returned 43.9% a year, more than the S&P 500's 15.6%, with higher volatility (53.4% against 12.8%).

### 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.

- Ten of the 19 popular alternatives, led by BE, GNRC and FCEL, outperformed GEV in at least 3 of 5 timeframes.

| Investment | 1Y return | Periods ahead of GEV | Verdict | Sharpe |
| --- | --- | --- | --- | --- |
| GEV: GE Vernova Inc. (this page) | +43.9% |  |  | 0.95 |
| [BE](https://betterthanspy.com/research/be): Bloom Energy Corporation | +131% | 4/5 short-term | consistent | 1.30 |
| GNRC: Generac Holdings Inc. | +2.7% | 4/5 short-term | consistent | 0.33 |
| FCEL: FuelCell Energy, Inc. | +48.3% | 3/5 short-term | consistent | 0.93 |
| [PWR](https://betterthanspy.com/research/pwr): Quanta Services, Inc. | +34.1% | 3/5 short-term | consistent | 0.87 |
| [EMR](https://betterthanspy.com/research/emr): Emerson Electric Co. | +25.1% | 3/5 short-term | consistent | 0.87 |
| HUBB: Hubbell Incorporated | +6.8% | 3/5 short-term | consistent | 0.37 |
| [NEE](https://betterthanspy.com/research/nee): NextEra Energy, Inc. | +1.7% | 3/5 short-term | consistent | 0.19 |
| [DUK](https://betterthanspy.com/research/duk): Duke Energy Corporation | +0.6% | 3/5 short-term | consistent | 0.12 |
| [VST](https://betterthanspy.com/research/vst): Vistra Corp. | −23.8% | 3/5 short-term | consistent | -0.28 |
| [CEG](https://betterthanspy.com/research/ceg): Constellation Energy Corporation | −26.7% | 3/5 short-term | consistent | -0.39 |
| [CMI](https://betterthanspy.com/research/cmi): Cummins Inc. | +29.2% | 2/5 short-term |  | 0.88 |
| [ETN](https://betterthanspy.com/research/etn): Eaton Corporation plc | +3.5% | 2/5 short-term |  | 0.29 |
| POWL: Powell Industries, Inc. | +36.1% | 1/5 short-term |  | 0.80 |
| NVT: nVent Electric plc | +32.3% | 1/5 short-term |  | 0.82 |
| BWXT: BWX Technologies, Inc. | −33.0% | 1/5 short-term |  | -0.68 |
| BW: Babcock & Wilcox Enterprises, Inc. | +32.3% | 0/5 short-term |  | 0.79 |
| [VRT](https://betterthanspy.com/research/vrt): Vertiv Holdings Co | +14.1% | 0/5 short-term |  | 0.53 |
| PLUG: Plug Power Inc. | −52.7% | 0/5 short-term |  | -0.56 |
| AMSC: American Superconductor Corporation | −54.3% | 0/5 short-term |  | -0.55 |

## 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.

- In all five of GEV's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: GEV fell 29.6% from June to October 2026, while the S&P 500 rose 2.6%.
- None of these declines kept GEV below its old high for long; the longest climb back took two months.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −38.3% | January 23, 2025 | March 10, 2025 | May 19, 2025 | −8.1% |  |
| −29.6% | June 30, 2026 | October 22, 2026 | not yet | +2.6% |  |
| −24.6% | April 23, 2026 | June 10, 2026 | June 30, 2026 | +2.4% |  |
| −17.5% | August 6, 2025 | November 4, 2025 | December 10, 2025 | +7.0% |  |
| −15.0% | December 10, 2025 | December 17, 2025 | January 30, 2026 | −2.4% |  |

## 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.

## More research

- [Bloom Energy (BE) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/be)
- [Quanta Services (PWR) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/pwr)
- [Emerson Electric (EMR) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/emr)
- [NextEra Energy (NEE) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/nee)
- [Duke Energy (DUK) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/duk)
- [Vistra (VST) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/vst)
- [Constellation Energy (CEG) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/ceg)
- [Cummins (CMI) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/cmi)
- [Eaton (ETN) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/etn)
- [Vertiv (VRT) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/vrt)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/schd)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/nvda)

## Explore further

- Full page with charts: https://betterthanspy.com/research/gev
- All research pages: https://betterthanspy.com/llms.txt
- Compare the entire market against GEV live: https://betterthanspy.com/?b=GEV