LNC vs CMSD

Comparison between Lincoln National Corp (LNC, Company) and CMS Energy Corporation (CMSD, Company).

LNC is from the Financial Services sector, while CMSD is from the Utilities sector.

5-Year PerformanceCMSD has outperformed LNC, delivering a return of +1.6% compared to -6.6%

LNC vs CMSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LNC(COMPANY)	CMSD(COMPANY)
Market Cap	$6.92B	$6.89B
Max Drawdown	93.27%	34.37%
Sharpe Ratio	0.56	0.35
5Y Beta	1.33	0.16
Industry	Insurance - Life	Multiline Utilities
P/E Ratio	3.98	6.15
Forward P/E	4.08	N/A
PEG Ratio	0.24	0.99
Dividend Yield	4.92%	5.77%
5Y Dividends CAGR	6.53%	4.45%
5Y EPS CAGR	40.84%	3.94%
Debt to Equity	62.37%	199.20%
Free Cash Flow Yield	3.51%	-53.90%
P/S Ratio	0.36	N/A
P/B Ratio	0.72	N/A

Market Cap

Winner

LNC

$6.92B

CMSD

$6.89B

Max Drawdown

LNC

93.27%

Winner

CMSD

34.37%

Sharpe Ratio

Winner

LNC

0.56

CMSD

0.35

5Y Beta

LNC

1.33

Winner

CMSD

0.16

Industry

LNC

Insurance - Life

CMSD

Multiline Utilities

P/E Ratio

Winner

LNC

3.98

CMSD

6.15

Forward P/E

LNC

4.08

CMSD

N/A

PEG Ratio

Winner

LNC

0.24

CMSD

0.99

Dividend Yield

LNC

4.92%

Winner

CMSD

5.77%

5Y Dividends CAGR

Winner

LNC

6.53%

CMSD

4.45%

5Y EPS CAGR

Winner

LNC

40.84%

CMSD

3.94%

Debt to Equity

Winner

LNC

62.37%

CMSD

199.20%

Free Cash Flow Yield

Winner

LNC

3.51%

CMSD

-53.90%

P/S Ratio

LNC

0.36

CMSD

N/A

P/B Ratio

LNC

0.72

CMSD

N/A

LNC vs CMSD - Historical Returns

Returns include dividend reinvestment.

Period	LNC	CMSD
1 month	+6.31%	-4.13%
3 months	+15.97%	-2.06%
6 months	-15.22%	-1.18%
1 year	+18.21%	+6.35%
5 years(CAGR)	-6.59%	+1.65%
10 years(CAGR)	+2.49%	N/A
Max(CAGR)	+2.07%	+4.06%

Winner

LNC

+6.31%

CMSD

-4.13%

Winner

LNC

+15.97%

CMSD

-2.06%

LNC

-15.22%

Winner

CMSD

-1.18%

Winner

LNC

+18.21%

CMSD

+6.35%

5Y(CAGR)

LNC

-6.59%

Winner

CMSD

+1.65%

10Y(CAGR)

LNC

+2.49%

CMSD

N/A

Max(CAGR)

LNC

+2.07%

Winner

CMSD

+4.06%

LNC vs CMSD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LNC	CMSD
2026	-15.13%	-2.60%
2025	+47.71%	+5.06%
2024	+23.19%	-0.92%
2023	-5.90%	+16.72%
2022	-54.50%	-11.47%
2021	+43.70%	+2.71%
2020	-12.22%	+5.14%
2019	+17.43%	+13.65%
2018	-32.91%	N/A
2017	+16.82%	N/A
2016	+38.23%	N/A
2015	-11.17%	N/A
2014	+15.57%	N/A
2013	+91.02%	N/A
2012	+29.92%	N/A
2011	-33.13%	N/A
2010	+7.62%	N/A
2009	+26.26%	N/A
2008	-65.18%	N/A
2007	-10.39%	N/A
2006	+27.38%	N/A
2005	+18.59%	N/A
2004	+19.80%	N/A
2003	+27.58%	N/A
2002	-32.44%	N/A
2001	+9.83%	N/A
2000	+24.88%	N/A
1999	-12.93%	N/A

LNC vs CMSD Drawdown Comparison

The maximum drawdown for LNC was -92.86%, occurring on Mar 9, 2009. Recovery took 2401 trading sessions.

The maximum drawdown for CMSD was -33.33%, occurring on Mar 18, 2020. Recovery took 114 trading sessions.

The current LNC drawdown is -38.30%. The current CMSD drawdown is -5.56%.

Rank	LNC	CMSD
#1	-92.86% May 15, 2007 - Nov 23, 2016	-33.33% Feb 11, 2020 - Jul 24, 2020
#2	-79.20% Feb 1, 2018 - Mar 20, 2020	-17.55% Nov 9, 2021 - Dec 1, 2023
#3	-52.11% Sep 11, 2000 - Apr 12, 2004	-10.96% Sep 10, 2024 - Aug 22, 2025
#4	-51.05% Nov 16, 1999 - Aug 11, 2000	-7.75% Oct 23, 2025 - Mar 31, 2026
#5	-15.22% Apr 12, 2004 - Feb 11, 2005	-5.72% Sep 30, 2019 - Dec 18, 2019
#6	-14.22% Feb 11, 2005 - Aug 2, 2005	-5.41% Dec 30, 2020 - Apr 6, 2021
#7	-13.33% Feb 15, 2017 - Jul 28, 2017	-4.50% Mar 21, 2024 - Aug 16, 2024
#8	-12.27% Aug 8, 2017 - Oct 5, 2017	-3.65% Aug 18, 2020 - Oct 23, 2020
#9	-8.86% Sep 16, 2005 - Nov 22, 2005	-3.29% Jun 18, 2021 - Nov 8, 2021
#10	-7.23% Feb 14, 2007 - Apr 25, 2007	-3.26% Apr 7, 2021 - Jun 4, 2021
#11	-7.16% May 8, 2006 - Aug 16, 2006	-2.57% Oct 23, 2020 - Nov 16, 2020
#12	-6.97% Feb 27, 2006 - Apr 27, 2006	-2.36% Sep 19, 2025 - Oct 23, 2025
#13	-5.59% Aug 31, 2000 - Sep 8, 2000	-2.27% Jul 27, 2020 - Aug 14, 2020
#14	-5.47% Aug 22, 2000 - Aug 30, 2000	-2.25% Jan 3, 2020 - Feb 6, 2020
#15	-5.42% Oct 27, 2017 - Dec 4, 2017	-2.20% Dec 18, 2019 - Jan 3, 2020

Correlation

Correlation between LNC and CMSD is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.09

-101

Dividend Comparison (2000 - 2026)

LNC vs CMSD dividend yield comparison.

Year	LNC	CMSD
2026	2.41%	3.30%
2025	4.04%	6.34%
2024	5.68%	6.35%
2023	6.67%	5.88%
2022	5.86%	6.54%
2021	2.46%	5.49%
2020	3.18%	3.96%
2019	2.51%	4.20%
2018	2.57%	0.00%
2017	1.51%	0.00%
2016	1.51%	0.00%
2015	1.59%	0.00%
2014	1.11%	0.00%
2013	0.93%	0.00%
2012	1.24%	0.00%
2011	1.03%	0.00%
2010	0.14%	0.00%
2009	0.96%	0.00%
2008	8.81%	0.00%
2007	2.71%	0.00%
2006	2.29%	0.00%
2005	2.75%	0.00%
2004	3.00%	0.00%
2003	3.32%	0.00%
2002	4.05%	0.00%
2001	2.51%	0.00%
2000	2.45%	0.00%