EasyCompare

Relative Intelligence · Electric Utilities

How NextEra Energy (NEE) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on NEE alone. It places NEE (NextEra Energy, Inc.) 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 NEE stands in the market, and of the alternatives worth a closer look.

Period covered: NEE's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against NEE →Chart NEE vs. 25 alternatives →
On this page12 sections

Key findings

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

This chart tracks a hypothetical $10,000 investment in NEE over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of NEE over the same span and NEE'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.

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. 201 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of NEE; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M$10M199720022007201220172022$10,000$100,000$1M$10M19972004201120182025
  • AAPL$21M+205,249% total · +30.1% a year
  • GILD$2M+15,614% total · +19.1% a year
  • COST$727,732+7,177% total · +15.9% a year
  • AMGN$526,909+5,169% total · +14.6% a year
  • RY$442,765+4,328% total · +14.0% a year
  • NEE$299,370+2,894% total · +12.4% a year
  • ETR$234,668+2,247% total · +11.5% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • AEP$92,393+824% total · +8.0% a year
  • EVRG$89,845+798% total · +7.9% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,316 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of NEE; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$50,000$100,000$150,000202120222023202420252026$0$50,000$100,000$150,000202120222023202420252026
  • VST$88,175+782% total · +54.6% a year
  • ETR$23,803+138% total · +18.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • FSLR$18,350+83.5% total · +12.9% a year
  • AEP$17,493+74.9% total · +11.8% a year
  • ED$16,736+67.4% total · +10.8% a year
  • SO$16,055+60.5% total · +9.9% a year
  • EVRG$15,393+53.9% total · +9.0% a year
  • AEE$14,215+42.1% total · +7.3% a year
  • NEE$11,034+10.3% total · +2.0% a year
Change the dates or add tickers to this chart in EasyCompare

NEE 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.

The company

Market value
$165B
Industry
Regulated Electric
Price history from
October 1986

Returns

Past 1 year
−4.3%total return
Past 3 years
+65.9%+18.4% a year
Past 5 years
+7.5%+1.5% a year
Past 10 years
+228%+12.6% a year
Best calendar year
+74.7%2000
Worst calendar year
−28.0%1999
Losing years
5 of 29full calendar years

Risk

Volatility
26.8%typical yearly swing, 5 years
Sharpe ratio
0.19return per unit of risk, 5 years
Worst decline ever
−47.9%Dec 2007 to Oct 2008
From its all-time high
−18.2%below the peak

NEE against the whole market

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

How does NEE rank among all stocks?

This section ranks NEE 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 NEE 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.

MeasureNEERankStanding
1-year return−4.3%2,161 of 3,287bottom 35%
3-year return+65.9%1,314 of 3,017top 44%
5-year return+7.5%1,624 of 2,893bottom 45%
10-year return+228%773 of 2,202top 35%
Volatility, 5 years26.8%468 of 2,893top 16%
Sharpe ratio, 5 years0.191,880 of 2,893bottom 36%
Worst decline, past 10 years−45.0%288 of 2,187top 13%

What has beaten NEE 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). NEE sits where the dashed lines cross. Anything in the green box above and to the left earned more than NEE 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.

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 NEE; faint dots are 87 more of the 941 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−5.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than NEEV: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%LIN: +11.5% a year, volatility 20.9%VO: +6.8% a year, volatility 17.6%VIG: +10.4% a year, volatility 14.1%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%T: +9.8% a year, volatility 25.2%UNP: +7.1% a year, volatility 22.9%MNST: +17.2% a year, volatility 24.9%VT: +10.3% a year, volatility 16.2%IEMG: +6.8% a year, volatility 19.4%CME: +11.2% a year, volatility 20.8%RSG: +13.9% a year, volatility 18.5%MSI: +14.8% a year, volatility 23.6%WM: +9.3% a year, volatility 19.2%FAST: +15.8% a year, volatility 24.6%SCHG: +13.1% a year, volatility 22.4%DYNF: +14.7% a year, volatility 17.5%ICE: +5.4% a year, volatility 21.8%MRSH: +4.4% a year, volatility 20.9%NDAQ: +8.9% a year, volatility 24.7%SPMO: +18.7% a year, volatility 20.8%DFIV: +14.8% a year, volatility 16.4%AVLV: +14.0% a year, volatility 16.9%WCN: +6.1% a year, volatility 20.0%HDV: +12.9% a year, volatility 13.0%DGX: +12.3% a year, volatility 22.5%SPHQ: +12.0% a year, volatility 16.7%DTM: +24.5% a year, volatility 25.2%EWJ: +9.2% a year, volatility 18.8%RWL: +13.7% a year, volatility 14.4%DBEF: +13.1% a year, volatility 13.8%IOO: +15.7% a year, volatility 17.2%JQUA: +13.6% a year, volatility 15.7%VLUE: +15.9% a year, volatility 18.4%SPEM: +5.9% a year, volatility 17.3%SGOV: +3.8% a year, volatility 0.3%FNDE: +9.8% a year, volatility 17.0%MOAT: +9.1% a year, volatility 18.4%ACT: +20.5% a year, volatility 24.3%BBEU: +8.9% a year, volatility 17.5%FLTW: +21.8% a year, volatility 24.3%SCI: +7.5% a year, volatility 25.2%USMC: +14.1% a year, volatility 16.4%RSPT: +16.9% a year, volatility 25.1%IBB: +6.2% a year, volatility 22.4%EGP: +4.4% a year, volatility 23.3%XMMO: +10.5% a year, volatility 22.0%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%IWX: +12.7% a year, volatility 13.8%IDMO: +13.3% a year, volatility 18.2%SPUS: +15.0% a year, volatility 19.5%MSA: +4.6% a year, volatility 25.1%DIVI: +13.4% a year, volatility 15.5%EQWL: +11.6% a year, volatility 15.0%HDEF: +12.8% a year, volatility 14.2%AOA: +8.6% a year, volatility 13.1%VCR: +4.3% a year, volatility 24.3%DIVB: +13.9% a year, volatility 15.4%FV: +9.7% a year, volatility 21.1%FLQL: +13.8% a year, volatility 16.3%JMOM: +12.9% a year, volatility 19.1%JAAA: +5.1% a year, volatility 1.7%HFXI: +11.4% a year, volatility 15.3%NULG: +11.4% a year, volatility 21.9%GLTR: +14.9% a year, volatility 24.6%FBT: +10.8% a year, volatility 22.2%CHCO: +15.9% a year, volatility 22.8%DDWM: +12.3% a year, volatility 13.4%DHS: +12.0% a year, volatility 13.9%IPAC: +8.2% a year, volatility 16.9%RODM: +10.6% a year, volatility 13.5%RAAX: +11.7% a year, volatility 15.6%VFMO: +11.4% a year, volatility 22.1%NEE: +1.5% a year, volatility 26.8%SPY (S&P 500): +12.7% a year, volatility 17.1%AEP: +12.4% a year, volatility 20.2%EVRG: +9.5% a year, volatility 18.9%ETR: +19.2% a year, volatility 22.4%SO: +11.3% a year, volatility 18.8%ED: +12.0% a year, volatility 18.8%DUK: +7.5% a year, volatility 18.0%NGG: +11.8% a year, volatility 22.6%NI: +15.1% a year, volatility 20.3%EMA: +5.0% a year, volatility 24.4%NWE: +10.3% a year, volatility 21.6%J: +5.3% a year, volatility 26.2%PAVE: +14.9% a year, volatility 21.6%RY: +17.3% a year, volatility 18.2%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JNJ: +12.7% a year, volatility 17.9%AAPL: +18.5% a year, volatility 28.0%JMST: +2.4% a year, volatility 0.9%CAH: +42.1% a year, volatility 24.7%NEESPY (S&P 500)EVRGETRDUKNGGNIEMAJRYVTIWMTAAPLJMSTCAH−10.0%0.0%10.0%20.0%30.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than NEEV: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%LIN: +11.5% a year, volatility 20.9%VO: +6.8% a year, volatility 17.6%VIG: +10.4% a year, volatility 14.1%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%T: +9.8% a year, volatility 25.2%UNP: +7.1% a year, volatility 22.9%MNST: +17.2% a year, volatility 24.9%VT: +10.3% a year, volatility 16.2%IEMG: +6.8% a year, volatility 19.4%CME: +11.2% a year, volatility 20.8%RSG: +13.9% a year, volatility 18.5%MSI: +14.8% a year, volatility 23.6%WM: +9.3% a year, volatility 19.2%FAST: +15.8% a year, volatility 24.6%SCHG: +13.1% a year, volatility 22.4%DYNF: +14.7% a year, volatility 17.5%ICE: +5.4% a year, volatility 21.8%MRSH: +4.4% a year, volatility 20.9%NDAQ: +8.9% a year, volatility 24.7%SPMO: +18.7% a year, volatility 20.8%DFIV: +14.8% a year, volatility 16.4%AVLV: +14.0% a year, volatility 16.9%WCN: +6.1% a year, volatility 20.0%HDV: +12.9% a year, volatility 13.0%DGX: +12.3% a year, volatility 22.5%SPHQ: +12.0% a year, volatility 16.7%DTM: +24.5% a year, volatility 25.2%EWJ: +9.2% a year, volatility 18.8%RWL: +13.7% a year, volatility 14.4%DBEF: +13.1% a year, volatility 13.8%IOO: +15.7% a year, volatility 17.2%JQUA: +13.6% a year, volatility 15.7%VLUE: +15.9% a year, volatility 18.4%SPEM: +5.9% a year, volatility 17.3%SGOV: +3.8% a year, volatility 0.3%FNDE: +9.8% a year, volatility 17.0%MOAT: +9.1% a year, volatility 18.4%ACT: +20.5% a year, volatility 24.3%BBEU: +8.9% a year, volatility 17.5%FLTW: +21.8% a year, volatility 24.3%SCI: +7.5% a year, volatility 25.2%USMC: +14.1% a year, volatility 16.4%RSPT: +16.9% a year, volatility 25.1%IBB: +6.2% a year, volatility 22.4%EGP: +4.4% a year, volatility 23.3%XMMO: +10.5% a year, volatility 22.0%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%IWX: +12.7% a year, volatility 13.8%IDMO: +13.3% a year, volatility 18.2%SPUS: +15.0% a year, volatility 19.5%MSA: +4.6% a year, volatility 25.1%DIVI: +13.4% a year, volatility 15.5%EQWL: +11.6% a year, volatility 15.0%HDEF: +12.8% a year, volatility 14.2%AOA: +8.6% a year, volatility 13.1%VCR: +4.3% a year, volatility 24.3%DIVB: +13.9% a year, volatility 15.4%FV: +9.7% a year, volatility 21.1%FLQL: +13.8% a year, volatility 16.3%JMOM: +12.9% a year, volatility 19.1%JAAA: +5.1% a year, volatility 1.7%HFXI: +11.4% a year, volatility 15.3%NULG: +11.4% a year, volatility 21.9%GLTR: +14.9% a year, volatility 24.6%FBT: +10.8% a year, volatility 22.2%CHCO: +15.9% a year, volatility 22.8%DDWM: +12.3% a year, volatility 13.4%DHS: +12.0% a year, volatility 13.9%IPAC: +8.2% a year, volatility 16.9%RODM: +10.6% a year, volatility 13.5%RAAX: +11.7% a year, volatility 15.6%VFMO: +11.4% a year, volatility 22.1%NEE: +1.5% a year, volatility 26.8%SPY (S&P 500): +12.7% a year, volatility 17.1%AEP: +12.4% a year, volatility 20.2%EVRG: +9.5% a year, volatility 18.9%ETR: +19.2% a year, volatility 22.4%SO: +11.3% a year, volatility 18.8%ED: +12.0% a year, volatility 18.8%DUK: +7.5% a year, volatility 18.0%NGG: +11.8% a year, volatility 22.6%NI: +15.1% a year, volatility 20.3%EMA: +5.0% a year, volatility 24.4%NWE: +10.3% a year, volatility 21.6%J: +5.3% a year, volatility 26.2%PAVE: +14.9% a year, volatility 21.6%RY: +17.3% a year, volatility 18.2%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JNJ: +12.7% a year, volatility 17.9%AAPL: +18.5% a year, volatility 28.0%JMST: +2.4% a year, volatility 0.9%CAH: +42.1% a year, volatility 24.7%NEESPY (S&P 500)EVRGETRSODUKEMAJRYWMTJMSTCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than NEE?

Investments that beat NEE over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat NEE 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 NEE'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 NEE 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 NEE'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× NEE's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than NEE's.

Screen the whole market against NEE for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with NEE?lower diversifies moreExpenseper year
NEENextEra Energy, Inc. · this page
+1.5%26.8%0.19−45.0%+228%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.400.09%
Popular alternativesbest 6 shownThe investments people most often weigh against NEE. 18 of 23 passed at least one test.
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+12.4%20.2%0.68−32.9%+185%0.56—
EVRGEvergy, Inc. · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.5%18.9%0.57−38.8%+109%0.62—
ETREntergy Corporation · Electric Utilities
Higher return, lower volatilityHigher return in most periods+19.2%22.4%0.90−42.0%+311%0.51—
SOThe Southern Company · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst decline+11.3%18.8%0.67−38.4%+170%0.62—
EDConsolidated Edison, Inc. · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst decline+12.0%18.8%0.70−30.9%+114%0.56—
DUKDuke Energy Corporation · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst decline+7.5%18.0%0.50−37.4%+132%0.61—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Electric Utilities and the categories next to it (Independent Power Producers, Electrical Equipment, Engineering & Construction, Gas Utilities), plus NEE's specific themes. 36 of 67 passed at least one test.
NGGNational Grid plc · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+11.8%22.6%0.61−39.2%+118%0.40—
NINiSource Inc · Gas Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+15.1%20.3%0.80−30.9%+158%0.59—
EMAEmera Incorporated · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+5.0%24.4%0.32−35.9%+108%0.53—
NWENorthwestern Energy Group Inc · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+10.3%21.6%0.57−39.3%+104%0.53—
JJacobs Solutions Inc. · Engineering & Construction
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+5.3%26.2%0.33−39.3%+266%0.20—
PAVEGlobal X - U.S. Infrastructure Development ETF · Infrastructure Equity · Electric Grid Infrastructure theme
Higher return, lower volatilityHigher return in most periods+14.9%21.6%0.75−44.1%—0.440.47%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,592 of 3,543 passed at least one test.
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+17.3%18.2%0.97−40.0%+352%0.28—
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+11.5%17.5%0.71−35.0%+302%0.390.03%
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+12.8%16.9%0.80−34.0%+324%0.400.03%
WMTWalmart Inc. · Discount Retail
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+20.8%22.6%0.96−25.7%+508%0.32—
BRK-BBerkshire Hathaway Inc. · Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+13.4%17.1%0.82−29.6%+274%0.27—
JNJJohnson & Johnson · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+12.7%17.9%0.76−27.4%+196%0.31—
AAPLApple Inc. · Computer Hardware
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.5%28.0%0.75−38.5%+1,168%0.22—
JMSTJPMorgan Ultra-Short Municipal Income ETF · Municipal Bonds
Similar return, lower volatilityHigher Sharpe, smaller worst decline+2.4%0.9%2.76−2.4%—0.330.18%
What these numbers mean for NEE
Annual return
NEE returned 1.5% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $10,700. 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
NEE's volatility over the past 5 years was 26.8%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, NEE's return lands within 26.8% 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
NEE's Sharpe ratio over the past 5 years was 0.19, against 0.79 for the S&P 500, so NEE earned less 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
NEE's worst fall from a peak to a low over the past 10 years was 45.0%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 45.0% fall takes a 81.7% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, NEE's monthly returns had a correlation of 0.40 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 NEE instead: the lower it is, the more that option would diversify a NEE holding. Guide: Correlation and diversification →
Show all 941 stocks and funds worth at least $500 million that earned more than NEE with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with NEEExpense
1
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.28—
2
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.390.03%
3
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.400.03%
4
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.32—
5
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.27—
6
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%0.31—
7
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.07—
8
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.130.48%
9
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.360.40%
10
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.40—
11
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.36—
12
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.430.05%
13
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.290.18%
14
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.20—
15
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.35—
16
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.460.03%
17
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.34—
18
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.17—
19
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.430.03%
20
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.33—
21
VOVanguard Morningstar Mid-Cap ETF · US Mid-Cap Equity
Whole market+6.8%17.6%0.47−39.4%+198%0.440.03%
22
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.490.04%
23
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.28—
24
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.460.06%
25
TAT&T Inc. · Integrated Telecommunications
Whole market+9.8%25.2%0.50−39.4%+60.7%0.03—
26
UNPUnion Pacific Corporation · Railroads
Whole market+7.1%22.9%0.42−38.7%+295%0.46—
27
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.19—
28
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.420.06%
29
IEMGiShares Core MSCI Emerging Markets ETF · Emerging Markets Equity
Whole market+6.8%19.4%0.44−38.7%+122%0.300.09%
30
CMECME Group Inc. · Capital Markets
Whole market+11.2%20.8%0.62−37.4%+319%0.15—
31
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%0.29—
32
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.47—
33
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%0.39—
34
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.31—
35
SCHGSchwab U.S. Large-Cap Growth ETF · US Large-Cap Growth
Whole market+13.1%22.4%0.67−34.5%+451%0.290.04%
36
DYNFiShares U.S. Equity Factor Rotation Active ETF · US Multifactor Equity
Whole market+14.7%17.5%0.87−34.7%—0.360.26%
37
ICEIntercontinental Exchange, Inc. · Capital Markets
Whole market+5.4%21.8%0.35−34.3%+240%0.31—
38
MRSHMarsh & McLennan Companies, Inc. · Insurance
Whole market+4.4%20.9%0.31−35.8%+245%0.35—
39
NDAQNasdaq, Inc. · Capital Markets
Whole market+8.9%24.7%0.47−38.3%+407%0.37—
40
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.230.13%
41
DFIVDimensional - International Value ETF · International Equity
Whole market+14.8%16.4%0.93−25.4%—0.370.27%
42
AVLVAvantis U.S. Large Cap Value ETF · US Large-Cap Value
Whole market+14.0%16.9%0.86−19.5%—0.390.15%
43
WCNWaste Connections, Inc. · Environmental Services
Whole market+6.1%20.0%0.40−31.6%+270%0.34—
44
HDViShares Core High Dividend ETF · US Dividend Equity
Whole market+12.9%13.0%1.00−37.0%+172%0.460.08%
45
DGXQuest Diagnostics Incorporated · Medical Diagnostics
Whole market+12.3%22.5%0.63−36.6%+243%0.50—
46
SPHQInvesco S&P 500 Quality ETF · US Quality Equity
Whole market+12.0%16.7%0.76−31.6%+300%0.410.20%
47
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.29—
48
EWJiShares MSCI Japan ETF · International Equity
Whole market+9.2%18.8%0.57−33.1%+132%0.360.49%
49
RWLInvesco S&P 500 Revenue ETF · US Large-Cap Equity
Whole market+13.7%14.4%0.97−36.1%+287%0.420.39%
50
DBEFXtrackers MSCI EAFE Hedged Equity ETF · International Equity
Whole market+13.1%13.8%0.96−32.5%+206%0.370.35%
51
IOOiShares Global 100 ETF · Global Equity
Whole market+15.7%17.2%0.94−31.4%+361%0.390.40%
52
JQUAJPMorgan U.S. Quality Factor ETF · US Quality Equity
Whole market+13.6%15.7%0.89−32.9%—0.370.12%
53
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+15.9%18.4%0.90−39.5%+286%0.280.15%
54
SPEMState Street SPDR Portfolio Emerging Markets ETF · Emerging Markets Equity
Whole market+5.9%17.3%0.42−36.1%+114%0.330.07%
55
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
Whole market+3.8%0.3%13.25−0.3%—0.040.09%
56
FNDESchwab Fundamental Emerging Markets Large Company Index ETF · Emerging Markets Equity
Whole market+9.8%17.0%0.64−39.9%+151%0.330.39%
57
MOATVanEck Morningstar Wide Moat ETF · US Large-Cap Equity
Whole market+9.1%18.4%0.57−33.3%+276%0.370.46%
58
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.20—
59
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.24—
60
NGGNational Grid plc · Electric Utilities
Same or nearby category+11.8%22.6%0.61−39.2%+118%0.40—
61
BBEUJPMorgan BetaBuilders Europe ETF · International Equity
Whole market+8.9%17.5%0.57−36.3%—0.430.09%
62
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.230.19%
63
SCIService Corporation International · Death Care
Whole market+7.5%25.2%0.41−34.0%+272%0.43—
64
USMCPrincipal U.S. Mega-Cap ETF · Broad Market
Whole market+14.1%16.4%0.89−30.0%—0.320.12%
65
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.250.40%
66
IBBiShares Biotechnology ETF · Biotechnology
Whole market+6.2%22.4%0.38−39.8%+140%0.410.44%
67
EGPEastGroup Properties, Inc. · Industrial REITs
Whole market+4.4%23.3%0.30−38.1%+285%0.42—
68
XMMOInvesco S&P MidCap Momentum ETF · US Mid-Cap Equity
Whole market+10.5%22.0%0.56−36.7%+390%0.340.34%
69
NINiSource Inc · Gas Utilities
Same or nearby category+15.1%20.3%0.80−30.9%+158%0.59—
70
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.300.50%
71
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.17—
72
IWXiShares Russell Top 200 Value ETF · Broad Market
Whole market+12.7%13.8%0.94−35.8%+221%0.450.20%
73
IDMOInvesco S&P International Developed Momentum ETF · International Equity
Whole market+13.3%18.2%0.78−31.3%+229%0.390.25%
74
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Popular alternative+12.4%20.2%0.68−32.9%+185%0.56—
75
SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF · Technology
Whole market+15.0%19.5%0.82−30.8%—0.350.45%
76
MSAMSA Safety Incorporated · Public Safety Equipment
Whole market+4.6%25.1%0.31−38.4%+264%0.25—
77
DIVIFranklin International Core Dividend Tilt Index ETF · International
Whole market+13.4%15.5%0.89−27.7%+184%0.420.09%
78
EQWLInvesco S&P 100 Equal Weight ETF · Broad Market
Whole market+11.6%15.0%0.81−34.3%+291%0.410.30%
79
HDEFXtrackers MSCI EAFE High Dividend Yield Equity ETF · International
Whole market+12.8%14.2%0.92−36.4%+134%0.430.09%
80
AOAiShares Core 80/20 Aggressive Allocation ETF · Multi-Asset
Whole market+8.6%13.1%0.69−28.4%+165%0.440.19%
81
VCRVanguard Consumer Discretionary ETF · Consumer Discretionary Equity
Whole market+4.3%24.3%0.30−39.2%+249%0.280.09%
82
DIVBiShares Core Dividend ETF · Dividend & Income
Whole market+13.9%15.4%0.93−36.9%—0.400.05%
83
FVFirst Trust Dorsey Wright Focus 5 ETF · Broad Market
Whole market+9.7%21.1%0.55−34.0%+247%0.240.30%
84
FLQLFranklin U.S. Large Cap Multifactor Index ETF · Broad Market
Whole market+13.8%16.3%0.88−33.6%—0.400.15%
85
JMOMJPMorgan U.S. Momentum Factor ETF · Broad Market
Whole market+12.9%19.1%0.73−34.3%—0.370.12%
86
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
Whole market+5.1%1.7%2.98−2.6%—-0.060.20%
87
HFXINYLI FTSE International Equity Currency Neutral ETF · International
Whole market+11.4%15.3%0.79−32.4%+180%0.390.19%
88
NULGNuveen ESG Large-Cap Growth · Broad Market
Whole market+11.4%21.9%0.60−36.2%—0.330.26%
89
GLTRabrdn Physical Precious Metals Basket Shares ETF · Alternatives
Whole market+14.9%24.6%0.69−37.9%+191%0.350.60%
90
FBTFirst Trust NYSE Arca Biotechnology Index Fund · Healthcare
Whole market+10.8%22.2%0.58−33.3%+203%0.340.55%
91
EVRGEvergy, Inc. · Electric Utilities
Popular alternative+9.5%18.9%0.57−38.8%+109%0.62—
92
CHCOCity Holding Company · Banks - Regional
Whole market+15.9%22.8%0.77−32.3%+286%0.20—
93
DDWMWisdomTree Dynamic International Equity Fund · International
Whole market+12.3%13.4%0.94−35.0%+149%0.370.40%
94
DHSWisdomTree U.S. High Dividend Fund · Dividend & Income
Whole market+12.0%13.9%0.89−37.4%+156%0.410.38%
95
IPACiShares Core MSCI Pacific ETF · International
Whole market+8.2%16.9%0.55−31.0%+126%0.430.09%
96
EMAEmera Incorporated · Electric Utilities
Same or nearby category+5.0%24.4%0.32−35.9%+108%0.53—
97
RODMHartford Multifactor Developed Markets (ex-US) ETF · International
Whole market+10.6%13.5%0.82−36.0%+141%0.450.29%
98
NWENorthwestern Energy Group Inc · Electric Utilities
Same or nearby category+10.3%21.6%0.57−39.3%+104%0.53—
99
RAAXVanEck Real Assets ETF · Commodities
Whole market+11.7%15.6%0.79−33.9%—0.480.55%
100
VFMOVanguard U.S. Momentum Factor ETF · Broad Market
Whole market+11.4%22.1%0.60−36.8%—0.380.13%

NEE against its popular alternatives

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

How do NEE'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 NEE, which divides the map into what did better or worse on each measure.

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

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%55.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityNEE: 1.5% a year, volatility 26.8%SPY (S&P 500): 12.7% a year, volatility 17.1%ETR: 19.2% a year, volatility 22.4%AEP: 12.4% a year, volatility 20.2%EVRG: 9.5% a year, volatility 18.9%AEE: 7.8% a year, volatility 19.4%XEL: 6.5% a year, volatility 20.9%LNT: 7.3% a year, volatility 19.8%DUK: 7.5% a year, volatility 18.0%ED: 12.0% a year, volatility 18.8%FE: 8.5% a year, volatility 19.4%SO: 11.3% a year, volatility 18.8%WEC: 7.2% a year, volatility 19.0%EXC: 7.1% a year, volatility 20.9%PPL: 7.1% a year, volatility 18.9%PEG: 5.8% a year, volatility 20.6%DTE: 5.7% a year, volatility 19.0%CMS: 5.6% a year, volatility 19.0%SRE: 8.1% a year, volatility 23.0%AES: −6.0% a year, volatility 37.3%BEP: −1.0% a year, volatility 31.3%VST: 53.4% a year, volatility 48.6%FSLR: 11.1% a year, volatility 54.7%D: 0.5% a year, volatility 22.7%ES: −1.4% a year, volatility 23.9%NEESPY (S&P 500)ETREVRGAEEXELDUKEXCSREAESBEPVSTFSLRDES10.0%20.0%30.0%40.0%50.0%60.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityNEE: 1.5% a year, volatility 26.8%SPY (S&P 500): 12.7% a year, volatility 17.1%ETR: 19.2% a year, volatility 22.4%AEP: 12.4% a year, volatility 20.2%EVRG: 9.5% a year, volatility 18.9%AEE: 7.8% a year, volatility 19.4%XEL: 6.5% a year, volatility 20.9%LNT: 7.3% a year, volatility 19.8%DUK: 7.5% a year, volatility 18.0%ED: 12.0% a year, volatility 18.8%FE: 8.5% a year, volatility 19.4%SO: 11.3% a year, volatility 18.8%WEC: 7.2% a year, volatility 19.0%EXC: 7.1% a year, volatility 20.9%PPL: 7.1% a year, volatility 18.9%PEG: 5.8% a year, volatility 20.6%DTE: 5.7% a year, volatility 19.0%CMS: 5.6% a year, volatility 19.0%SRE: 8.1% a year, volatility 23.0%AES: −6.0% a year, volatility 37.3%BEP: −1.0% a year, volatility 31.3%VST: 53.4% a year, volatility 48.6%FSLR: 11.1% a year, volatility 54.7%D: 0.5% a year, volatility 22.7%ES: −1.4% a year, volatility 23.9%NEESPY (S&P 500)ETREVRGAEEEDPEGAESBEPVSTFSLRDES
All figures
InvestmentAnnual returnVolatility
VST Vistra Corp.+53.4%48.6%
ETR Entergy Corporation+19.2%22.4%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
AEP American Electric Power Company, Inc.+12.4%20.2%
ED Consolidated Edison, Inc.+12.0%18.8%
SO The Southern Company+11.3%18.8%
FSLR First Solar, Inc.+11.1%54.7%
EVRG Evergy, Inc.+9.5%18.9%
FE FirstEnergy Corp.+8.5%19.4%
SRE Sempra+8.1%23.0%
AEE Ameren Corporation+7.8%19.4%
DUK Duke Energy Corporation+7.5%18.0%
LNT Alliant Energy Corporation+7.3%19.8%
WEC WEC Energy Group, Inc.+7.2%19.0%
EXC Exelon Corporation+7.1%20.9%
PPL PPL Corporation+7.1%18.9%
XEL Xcel Energy Inc.+6.5%20.9%
PEG Public Service Enterprise Group Incorporated+5.8%20.6%
DTE DTE Energy Company+5.7%19.0%
CMS CMS Energy Corporation+5.6%19.0%
NEE This pageNextEra Energy, Inc.+1.5%26.8%
D Dominion Energy, Inc.+0.5%22.7%
BEP Brookfield Renewable Partners L.P.−1.0%31.3%
ES Eversource Energy−1.4%23.9%
AES The AES Corporation−6.0%37.3%
Open these 25 in EasyCompare

Has NEE consistently beaten its popular alternatives?

This section compares NEE 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 NEE helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than NEE 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.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
NEE NextEra Energy, Inc. (this page)—−1.0%−9.7%−13.0%−0.4%−4.3%+65.9%+7.5%+228%26.8%0.19−45.0%—$165B—
ETR QualifiedEntergy Corporation5/5 short3/3 longAll-weather+3.5%−5.5%−6.4%+14.1%+11.4%+149%+141%+311%22.4%0.90−42.0%—$50B—
VST QualifiedVistra Corp.3/5 short3/3 long+6.8%−4.7%−5.5%−8.6%−22.2%+383%+748%+1,195%48.6%1.13−53.3%—$50B—
AEP QualifiedAmerican Electric Power Company, Inc.5/5 short2/3 long+6.0%−2.2%−3.1%+12.4%+11.3%+93.3%+79.4%+185%20.2%0.68−32.9%—$69B—
EVRG QualifiedEvergy, Inc.5/5 short2/3 long+4.5%−1.9%+3.2%+16.3%+9.0%+93.6%+57.2%+109%18.9%0.57−38.8%—$19B—
FSLR SolarFirst Solar, Inc.1/5 short2/3 long−12.7%−15.0%−9.4%−36.4%−23.8%+15.7%+69.0%+315%54.7%0.46−61.3%—$19B—
AEE Regulated ElectricAmeren Corporation5/5 short1/3 long+4.3%−3.1%−3.2%+7.6%+3.4%+52.5%+45.9%+192%19.4%0.49−29.1%—$29B—
XEL Regulated ElectricXcel Energy Inc.5/5 short1/3 long+6.7%−1.7%−3.0%+5.1%−2.7%+46.0%+37.3%+156%20.9%0.41−34.4%—$48B—
LNT Regulated ElectricAlliant Energy Corporation5/5 short1/3 long+5.1%−7.0%−4.3%+6.5%+2.6%+54.6%+42.3%+150%19.8%0.46−33.5%—$18B—
DUK Regulated ElectricDuke Energy Corporation5/5 short1/3 long+3.9%−2.7%−3.5%+6.0%−2.6%+56.1%+43.9%+132%18.0%0.50−37.4%—$95B—
ED Regulated ElectricConsolidated Edison, Inc.5/5 short1/3 long+7.8%+1.7%+3.8%+14.7%+13.7%+42.4%+76.3%+114%18.8%0.70−30.9%—$41B—
FE Regulated ElectricFirstEnergy Corp.5/5 short1/3 long+1.7%−4.9%−5.7%+4.1%+0.7%+46.8%+50.2%+111%19.4%0.52−47.7%—$26B—
SO Regulated ElectricThe Southern Company4/5 short1/3 long+6.1%−3.2%−1.4%+6.6%−4.1%+53.0%+70.9%+170%18.8%0.67−38.4%—$104B—
WEC Regulated ElectricWEC Energy Group, Inc.4/5 short1/3 long+5.1%−2.5%−3.9%+4.8%−4.3%+49.1%+41.6%+159%19.0%0.46−32.3%—$35B—
EXC Regulated ElectricExelon Corporation4/5 short1/3 long+2.5%−5.5%−5.5%+0.7%−7.5%+22.6%+40.7%+159%20.9%0.43−40.0%—$44B—
PPL Regulated ElectricPPL Corporation4/5 short1/3 long+4.7%−1.5%−9.2%+0.9%−5.2%+60.8%+40.7%+59.2%18.9%0.46−48.7%—$26B—
D Regulated ElectricDominion Energy, Inc.4/5 short1/3 long0.0%−9.8%+3.0%+9.4%+6.6%+80.8%+2.7%+32.5%22.7%0.14−52.2%—$55B—
PEG Regulated ElectricPublic Service Enterprise Group Incorporated3/5 short1/3 long+2.2%−8.1%−10.7%−10.2%−13.6%+31.9%+32.3%+142%20.6%0.38−40.8%—$35B—
DTE Regulated ElectricDTE Energy Company3/5 short1/3 long+2.5%−10.6%−9.8%+1.7%−6.7%+48.3%+32.2%+127%19.0%0.39−42.4%—$27B—
CMS Regulated ElectricCMS Energy Corporation3/5 short1/3 long+5.8%−5.4%−9.8%−0.6%−6.0%+42.2%+31.4%+123%19.0%0.38−29.6%—$21B—
SRE Diversified UtilitiesSempra3/5 short1/3 long+2.8%−7.9%−9.9%−5.6%−8.0%+32.7%+47.5%+114%23.0%0.46−45.0%—$54B—
CEG Independent Power ProducersConstellation Energy Corporation2/5 short1/3 long−1.2%+2.3%−9.7%−29.0%−29.7%+135%————−50.7%—$92B—
AES Diversified UtilitiesThe AES Corporation5/5 short0/3 long+0.9%+2.4%+5.9%+4.8%+9.2%+25.5%−26.8%+81.5%37.3%0.02−63.4%—$11B—
GEV Industrial - MachineryGE Vernova Inc.3/5 short0/3 long−5.9%−17.5%−10.0%+31.3%+50.1%—————−38.3%—$237B—
BEP Renewable UtilitiesBrookfield Renewable Partners L.P.2/5 short0/3 long−5.0%−10.8%−16.6%+4.7%+2.2%+55.2%−5.1%+187%31.3%0.12−54.3%—$8.5B—
ES Regulated ElectricEversource Energy1/5 short0/3 long−2.2%−10.6%−2.2%−0.5%−6.0%+40.5%−7.0%+72.0%23.9%0.06−41.7%—$25B—
Open these 26 in EasyCompare

How did NEE do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where NEE ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with NEE and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of NEE; gray means the two finished within a fraction of a point. The rank row places NEE among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of NEE20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
NEE This pageNextEra Energy, Inc.—+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%
Rank among alternativesTop quarter in 10 of 2914 of 269 of 2524 of 2522 of 244 of 243 of 245 of 245 of 242 of 2410 of 238 of 2313 of 235 of 232 of 2313 of 2315 of 2317 of 2310 of 236 of 235 of 2210 of 2110 of 2215 of 217 of 2115 of 215 of 2117 of 2115 of 217 of 21
SPY S&P 500State Street SPDR S&P 500 ETF11 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%
ETR Entergy Corporation14 of 29+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%
VST Vistra Corp.5 of 9+17.7%+262%+70.7%+5.1%+19.5%−11.9%+2.5%+24.9%+18.2%————————————————————
AEP American Electric Power Company, Inc.8 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%
EVRG Evergy, Inc.13 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%
FSLR First Solar, Inc.8 of 19+48.2%+2.3%+15.0%+71.9%−11.9%+76.8%+31.8%−37.1%+110%−51.4%+48.0%−18.4%+77.1%−8.6%−74.1%−3.9%−1.8%−48.4%+795%——————————
AEE Ameren Corporation10 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%
XEL Xcel Energy Inc.10 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 Corporation12 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 Corporation10 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%
ED Consolidated Edison, Inc.10 of 29+15.1%+1.6%−1.1%+15.7%+22.9%−17.0%+22.6%−6.6%+17.2%+18.9%+1.4%+24.9%+3.8%−6.7%+30.9%+14.9%+23.8%−15.7%+6.6%+9.2%+11.3%+7.3%+6.3%+11.8%+10.9%+19.0%−31.4%+35.0%+50.5%
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%
SO The Southern Company10 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.12 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%
EXC Exelon Corporation15 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%
PPL PPL Corporation11 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%
D Dominion Energy, Inc.12 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%
PEG Public Service Enterprise Group Incorporated12 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 Company12 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%
CMS CMS Energy Corporation11 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%
SRE Sempra13 of 29+3.9%+21.1%−0.1%+20.3%+7.4%−12.8%+44.0%+4.5%+8.7%+10.1%−13.2%+27.3%+30.3%+33.8%+8.7%−3.4%+35.6%−29.2%+12.8%+28.1%+25.8%+25.6%+31.8%+0.5%+10.1%+40.6%−26.0%+11.5%+43.6%
CEG Constellation Energy Corporation3 of 3+58.8%+92.7%+37.3%——————————————————————————
AES The AES Corporation12 of 29+18.3%−30.4%−30.9%+21.7%+6.0%+22.2%+42.1%+38.9%−2.7%+26.5%−28.2%−3.8%+37.4%−9.3%−2.8%−8.4%+61.6%−61.5%−2.9%+39.3%+15.7%+44.9%+213%−81.5%−70.5%+48.1%+57.8%+1.7%+100%
GEV GE Vernova Inc.1 of 1+99.0%————————————————————————————
BEP Brookfield Renewable Partners L.P.8 of 21+25.6%−8.2%+9.0%−26.5%−14.5%+80.3%+91.4%−20.9%+24.5%+20.6%−10.2%+24.1%−5.8%+13.5%+39.5%+23.5%+62.9%−26.6%+23.9%+6.5%—−1.4%———————
ES Eversource Energy11 of 29+22.9%−2.5%−23.4%−5.1%+8.2%+4.5%+34.5%+6.4%+18.0%+11.8%−1.3%+30.6%+12.5%+12.3%+16.8%+28.2%+11.8%−20.6%+14.2%+47.9%+8.1%−3.4%+37.6%−11.3%−25.5%+20.2%+29.2%+35.4%−8.2%
Open these 27 in EasyCompare

Risk and diversification

How NEE 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 NEE's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents NEE'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.

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

DuringNEE fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−47.9%−39.3%Dec 2007Oct 200810 monthsApr 20123.5 years
No named crash−45.9%+40.0%Oct 1998Feb 200016 monthsOct 20008 months
2022 bear market−45.0%−6.5%Dec 2021Oct 202322 monthsOct 20252 years
Covid crash−35.6%−28.3%Mar 2020Mar 2020Under a monthJul 20204 months
Dot-com bust−32.2%−38.4%Dec 2000Jul 200219 monthsMay 200310 months

How did NEE do in stock market crashes?

This section measures how far NEE, 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.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than NEE.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
NEE This pageNextEra Energy, Inc.—−1.7%−24.0%−35.6%−8.2%−6.9%−12.9%−12.8%0.0%−47.9%−32.2%
SPY S&P 500State Street SPDR S&P 500 ETF1 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
ETR Entergy Corporation3 of 10−3.0%−21.9%−41.3%−8.0%−4.1%−13.2%−13.4%−1.1%−49.4%−28.4%
VST Vistra Corp.1 of 5−7.1%−22.1%−45.7%−17.3%−8.8%—————
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%
EVRG Evergy, Inc.4 of 10−2.1%−22.8%−38.8%−8.0%−2.6%−11.2%−14.6%−1.2%−39.8%−59.5%
FSLR First Solar, Inc.0 of 9−5.0%−29.6%−49.1%−26.5%−8.6%−23.7%−53.3%0.0%−72.0%—
AEE Ameren Corporation5 of 10−2.5%−22.9%−29.1%−10.2%−4.2%−11.5%−13.2%−1.9%−60.6%−17.8%
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 Corporation2 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 Corporation3 of 10−1.9%−24.1%−37.4%−7.7%−2.9%−13.7%−8.8%0.0%−38.9%−63.5%
ED Consolidated Edison, Inc.8 of 10−1.2%−22.0%−30.9%−10.3%−4.1%−9.8%−5.9%0.0%−30.1%−25.5%
FE FirstEnergy Corp.1 of 10−4.1%−25.2%−36.4%−9.5%−3.5%−15.6%−12.5%0.0%−54.2%−34.4%
SO The Southern Company6 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%
EXC Exelon Corporation3 of 10−2.6%−27.4%−39.8%−6.9%−4.6%−24.7%−10.5%−0.8%−50.9%−40.6%
PPL PPL Corporation4 of 10−1.9%−21.8%−47.1%−13.1%−5.3%−11.7%−11.5%0.0%−53.5%−55.4%
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%
PEG Public Service Enterprise Group Incorporated0 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 Company3 of 10−2.7%−24.9%−42.4%−8.4%−4.6%−11.1%−14.1%−1.9%−50.6%−27.7%
CMS CMS Energy Corporation3 of 10−2.8%−26.5%−29.3%−9.8%−3.9%−10.4%−13.5%−1.3%−49.4%−79.9%
SRE Sempra3 of 10−3.1%−19.4%−44.6%−9.4%−2.1%−17.0%−12.7%−1.3%−40.7%−40.7%
CEG Constellation Energy Corporation0 of 1−2.0%—————————
AES The AES Corporation0 of 10−7.4%−27.3%−54.3%−13.7%−9.5%−34.0%−26.7%−7.6%−78.2%−98.4%
BEP Brookfield Renewable Partners L.P.2 of 9−2.1%−30.5%−45.4%−19.4%−1.5%−25.1%−14.8%0.0%−36.7%—
ES Eversource Energy4 of 10−2.7%−23.1%−36.8%−9.1%−5.4%−11.5%−13.8%−1.8%−40.3%−43.1%
Open these 26 in EasyCompare

How closely does NEE 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 NEE with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

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 NEE's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
NEE This pageNextEra Energy, Inc.62%44%1.400.45
ETR Entergy Corporation58%24%2.390.53
SO The Southern Company41%20%1.980.39
AEP American Electric Power Company, Inc.44%23%1.930.40
EXC Exelon Corporation40%21%1.910.37
DUK Duke Energy Corporation35%19%1.880.33
ED Consolidated Edison, Inc.31%18%1.750.22
WEC WEC Energy Group, Inc.41%23%1.730.34
XEL Xcel Energy Inc.41%24%1.680.35
CMS CMS Energy Corporation35%23%1.560.28
AEE Ameren Corporation51%33%1.520.38
FE FirstEnergy Corp.40%33%1.220.36
LNT Alliant Energy Corporation50%45%1.130.46
EVRG Evergy, Inc.42%38%1.110.47
DTE DTE Energy Company47%42%1.110.50
PEG Public Service Enterprise Group Incorporated52%47%1.090.53
SRE Sempra48%49%0.970.60
BEP Brookfield Renewable Partners L.P.85%96%0.880.91
FSLR First Solar, Inc.135%161%0.841.55
ES Eversource Energy49%61%0.790.52
PPL PPL Corporation52%77%0.670.65
AES The AES Corporation80%122%0.660.91
D Dominion Energy, Inc.43%70%0.610.52
Open these 23 in EasyCompare

What diversifies NEE?

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 NEE's. Because such investments tend not to fall at the same time, pairing NEE with them can reduce a portfolio's overall swings.

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 NEE lost money. The last two columns show a portfolio that is 80% NEE and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2023202220082001199980/20 mix volatility80/20 mix annual return
NEE NextEra Energy, Inc. (this page)1.00+7.5%0.19−25.3%−8.5%−23.5%−18.5%−28.0%25.6%+2.0%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.36+119%1.48+17.4%+3.8%———21.2%+5.3%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.13+225%1.34+42.0%+6.0%−20.8%——21.0%+7.2%
HDV Dividend & IncomeiShares Core High Dividend ETF0.46+83.3%1.00+1.8%+7.1%———21.9%+4.4%
MLPX EnergyGlobal X - MLP & Energy Infrastructure ETF0.30+135%0.97+15.8%+21.5%———21.9%+6.0%
SMH TechnologyVanEck Semiconductor ETF0.28+323%0.97+73.4%−33.5%−44.7%−14.6%—23.4%+9.5%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.37+85.0%0.96+20.1%−5.1%———21.4%+4.7%
GLD CommoditiesSPDR Gold Shares0.36+126%0.96+12.7%−0.8%+4.9%——22.0%+5.6%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.23+136%0.93+17.6%−10.4%———21.8%+6.4%

Stocks

InvestmentCorrelation5Y returnSharpe2023202220082001199980/20 mix volatility80/20 mix annual return
NEE NextEra Energy, Inc. (this page)1.00+7.5%0.19−25.3%−8.5%−23.5%−18.5%−28.0%25.6%+2.0%
CAH Medical - DistributionCardinal Health, Inc.0.20+479%1.55+34.1%+54.1%−39.6%−2.5%−36.8%22.1%+9.3%
CLS Hardware, Equipment & PartsCelestica Inc.0.07+3,143%1.47+160%+1.3%−20.5%−25.6%+350%24.3%+21.5%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.33+1,636%1.46+79.6%+17.0%−15.2%+73.7%−58.7%24.9%+17.1%
MCK Medical - DistributionMcKesson Corporation0.20+413%1.44+24.1%+51.8%−40.4%+4.9%−71.3%22.1%+8.7%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.15+690%1.41+30.4%+86.6%———22.4%+11.3%
Open these 14 in EasyCompare

Common questions

What was NEE's worst drawdown?

NEE's deepest decline since it began trading in 1986 was 47.9%, from December 2007 to October 2008. It took about four years from the low to climb back to its old high.

What were NEE's best and worst years?

Over 29 full calendar years, NEE's best year was 2000, when it returned 74.7%. Its worst was 1999, with a return of -28.0%.

Is there a better investment than NEE?

Among NEE's popular alternatives, AEP, EVRG and ETR earned more than NEE with less volatility over the past 5 years. AEP returned 12.4% a year at 20.2% volatility, against 1.5% a year at 26.8%. Looking beyond its popular alternatives, NGG (electric utilities) and NI (gas utilities) earned more than NEE with less volatility over the past 5 years. NGG returned 11.8% a year at 22.6% volatility, against 1.5% a year at 26.8%.

Is NEE more volatile than the S&P 500?

Yes. NEE's volatility over the past 5 years was 26.8%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, NEE's return lands within 26.8% 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 NEE's Sharpe ratio?

NEE's Sharpe ratio over the past 5 years was 0.19, against 0.79 for the S&P 500, so NEE earned less 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 NEE with the S&P 500?

Over the past 5 years, NEE's monthly returns had a correlation of 0.40 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 NEE instead: the lower it is, the more that option would diversify a NEE holding.

What are the best alternatives to NEE?

Of the 25 popular alternatives we compared, four outperformed NEE in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ETR, VST and AEP.

Did NEE outperform the S&P 500?

NEE finished ahead of the S&P 500 (SPY) in 16 of 29 full calendar years. In 2025, it returned +15.5%, against +17.7% for the index.

How did NEE do in stock market crashes?

NEE 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 NEE fell 32.2% and the S&P 500 fell 47.5%.

What diversifies NEE?

These had a low correlation with NEE over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.36), DXJ (correlation 0.13) and HDV (correlation 0.46); among large stocks, CAH (correlation 0.20), CLS (correlation 0.07) and FIX (correlation 0.33). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to NEE