ACT vs TXNM

Comparison between Enact Holdings Inc (ACT, Company) and PNM Resources Inc (TXNM, Company).

ACT is from the Financial Services sector, while TXNM is from the Utilities sector.

5-Year PerformanceACT has outperformed TXNM, delivering a return of +24.3% compared to +6.7%

ACT vs TXNM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ACT(COMPANY)	TXNM(COMPANY)
Market Cap	$6.30B	$6.32B
Max Drawdown	21.87%	81.76%
Sharpe Ratio	1.15	-0.01
5Y Beta	0.37	0.28
Industry	Insurance - Specialty	Utilities - Regulated Electric
P/E Ratio	9.56	37.52
Forward P/E	9.44	19.84
PEG Ratio	2.38	N/A
Dividend Yield	1.88%	2.91%
5Y Dividends CAGR	N/A	5.84%
5Y EPS CAGR	N/A	18.51%
Debt to Equity	13.94%	156.28%
Free Cash Flow Yield	11.46%	9.43%

Market Cap

ACT

$6.30B

Winner

TXNM

$6.32B

Max Drawdown

Winner

ACT

21.87%

TXNM

81.76%

Sharpe Ratio

Winner

ACT

1.15

TXNM

-0.01

5Y Beta

ACT

0.37

Winner

TXNM

0.28

Industry

ACT

Insurance - Specialty

TXNM

Utilities - Regulated Electric

P/E Ratio

Winner

ACT

9.56

TXNM

37.52

Forward P/E

Winner

ACT

9.44

TXNM

19.84

PEG Ratio

ACT

2.38

TXNM

N/A

Dividend Yield

ACT

1.88%

Winner

TXNM

2.91%

5Y Dividends CAGR

ACT

N/A

TXNM

5.84%

5Y EPS CAGR

ACT

N/A

TXNM

18.51%

Debt to Equity

Winner

ACT

13.94%

TXNM

156.28%

Free Cash Flow Yield

Winner

ACT

11.46%

TXNM

9.43%

ACT vs TXNM - Historical Returns

Returns include dividend reinvestment.

Period	ACT	TXNM
1 month	+7.93%	+1.21%
3 months	+11.92%	-1.71%
6 months	+20.69%	-1.29%
1 year	+36.89%	+4.48%
5 years(CAGR)	+24.30%	+6.74%
10 years(CAGR)	N/A	+8.42%
Max(CAGR)	+24.30%	+9.64%

Winner

ACT

+7.93%

TXNM

+1.21%

Winner

ACT

+11.92%

TXNM

-1.71%

Winner

ACT

+20.69%

TXNM

-1.29%

Winner

ACT

+36.89%

TXNM

+4.48%

5Y(CAGR)

Winner

ACT

+24.30%

TXNM

+6.74%

10Y(CAGR)

ACT

N/A

TXNM

+8.42%

Max(CAGR)

Winner

ACT

+24.30%

TXNM

+9.64%

ACT vs TXNM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ACT	TXNM
2026	+18.74%	-1.10%
2025	+25.43%	+24.27%
2024	+16.49%	+30.79%
2023	+25.34%	-12.36%
2022	+20.99%	+10.63%
2021	+6.61%	-3.30%
2020	N/A	+0.29%
2019	N/A	+29.16%
2018	N/A	+5.73%
2017	N/A	+22.03%
2016	N/A	+16.88%
2015	N/A	+5.93%
2014	N/A	+28.48%
2013	N/A	+17.64%
2012	N/A	+19.98%
2011	N/A	+42.36%
2010	N/A	+6.80%
2009	N/A	+26.38%
2008	N/A	-49.82%
2007	N/A	-28.96%
2006	N/A	+28.66%
2005	N/A	+1.11%
2004	N/A	+37.21%
2003	N/A	+24.12%
2002	N/A	-14.30%
2001	N/A	+11.11%
2000	N/A	+78.91%
1999	N/A	-7.83%

ACT vs TXNM Drawdown Comparison

The maximum drawdown for ACT was -20.26%, occurring on Sep 27, 2022. Recovery took 202 trading sessions.

The maximum drawdown for TXNM was -80.02%, occurring on Mar 6, 2009. Recovery took 1724 trading sessions.

The current TXNM drawdown is -3.21%.

Rank	ACT	TXNM
#1	-20.26% Aug 17, 2022 - Jun 7, 2023	-80.02% Apr 25, 2007 - Feb 28, 2014
#2	-16.25% Jun 3, 2022 - Aug 3, 2022	-51.04% May 10, 2001 - Sep 16, 2004
#3	-15.33% Sep 19, 2024 - May 2, 2025	-46.35% Feb 18, 2020 - Nov 21, 2024
#4	-13.95% Feb 10, 2022 - Mar 25, 2022	-25.17% Nov 30, 2017 - Dec 11, 2018
#5	-13.28% Nov 4, 2021 - Jan 12, 2022	-22.79% Aug 3, 2005 - Nov 6, 2006
#6	-10.96% Sep 11, 2025 - Nov 25, 2025	-20.57% Dec 29, 2014 - Dec 23, 2015
#7	-10.27% Apr 20, 2022 - Jun 2, 2022	-17.98% Jul 1, 2014 - Nov 5, 2014
#8	-9.88% Dec 27, 2023 - Mar 11, 2024	-16.85% Nov 8, 2000 - Mar 30, 2001
#9	-9.02% Jul 3, 2025 - Aug 13, 2025	-14.91% Nov 1, 1999 - Apr 26, 2000
#10	-9.00% Mar 29, 2022 - Apr 18, 2022	-14.22% Apr 28, 2000 - Jul 20, 2000
#11	-8.69% Aug 7, 2023 - Dec 14, 2023	-13.00% Jul 6, 2016 - Feb 21, 2017
#12	-8.65% Feb 5, 2026 - Apr 28, 2026	-10.60% Dec 13, 2018 - Feb 22, 2019
#13	-7.70% May 2, 2025 - Jun 23, 2025	-10.22% Feb 21, 2025 - Mar 14, 2025
#14	-7.65% Apr 29, 2026 - Jun 24, 2026	-10.07% Mar 19, 2025 - May 19, 2025
#15	-6.96% Sep 29, 2021 - Oct 19, 2021	-9.86% Oct 4, 2019 - Jan 23, 2020

Correlation

Correlation between ACT and TXNM is 0.74 which considered as a strong positive correlation - the stocks tend to move together.

0.74

-101

Dividend Comparison (2000 - 2026)

ACT vs TXNM dividend yield comparison.

Year	ACT	TXNM
2026	0.97%	1.47%
2025	2.06%	2.77%
2024	2.92%	3.15%
2023	4.60%	3.53%
2022	6.38%	2.85%
2021	5.95%	2.87%
2020	0.00%	2.53%
2019	0.00%	2.29%
2018	0.00%	2.58%
2017	0.00%	2.40%
2016	0.00%	2.57%
2015	0.00%	2.62%
2014	0.00%	2.50%
2013	0.00%	2.65%
2012	0.00%	3.44%
2011	0.00%	2.74%
2010	0.00%	3.84%
2009	0.00%	3.95%
2008	0.00%	7.04%
2007	0.00%	4.24%
2006	0.00%	2.77%
2005	0.00%	3.14%
2004	0.00%	2.50%
2003	0.00%	3.24%
2002	0.00%	3.61%
2001	0.00%	2.86%
2000	0.00%	2.98%