TXNM vs ACT

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

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

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

TXNM vs ACT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

Winner

TXNM

$6.32B

ACT

$6.30B

Max Drawdown

TXNM

81.76%

Winner

ACT

21.87%

Sharpe Ratio

TXNM

-0.01

Winner

ACT

1.15

5Y Beta

Winner

TXNM

0.28

ACT

0.37

Industry

TXNM

Utilities - Regulated Electric

ACT

Insurance - Specialty

P/E Ratio

TXNM

37.52

Winner

ACT

9.56

Forward P/E

TXNM

19.84

Winner

ACT

9.44

PEG Ratio

TXNM

N/A

ACT

2.38

Dividend Yield

Winner

TXNM

2.91%

ACT

1.88%

5Y Dividends CAGR

TXNM

5.84%

ACT

N/A

5Y EPS CAGR

TXNM

18.51%

ACT

N/A

Debt to Equity

TXNM

156.28%

Winner

ACT

13.94%

Free Cash Flow Yield

TXNM

9.43%

Winner

ACT

11.46%

TXNM vs ACT - Historical Returns

Returns include dividend reinvestment.

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

TXNM

+1.21%

Winner

ACT

+7.93%

TXNM

-1.71%

Winner

ACT

+11.92%

TXNM

-1.29%

Winner

ACT

+20.69%

TXNM

+4.48%

Winner

ACT

+36.89%

5Y(CAGR)

TXNM

+6.74%

Winner

ACT

+24.30%

10Y(CAGR)

TXNM

+8.42%

ACT

N/A

Max(CAGR)

TXNM

+9.64%

Winner

ACT

+24.30%

TXNM vs ACT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

TXNM vs ACT Drawdown Comparison

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

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

The current TXNM drawdown is -3.21%.

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

Correlation

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

0.74

-101

Dividend Comparison (2000 - 2026)

TXNM vs ACT dividend yield comparison.

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