A2A.MI vs. IG.MI
A2A.MI (A2A S.p.A) and IG.MI (Italgas SpA) are both stocks. Both are in the Utilities sector — A2A.MI in Utilities - Diversified, IG.MI in Utilities - Regulated Gas. Over the past 5 years, A2A.MI returned 10.53%/yr vs 17.78%/yr for IG.MI. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
A2A.MI vs. IG.MI - Performance Comparison
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Returns By Period
In the year-to-date period, A2A.MI achieves a 0.75% return, which is significantly lower than IG.MI's 10.11% return.
A2A.MI
- 1D
- 0.86%
- 1M
- -2.05%
- YTD
- 0.75%
- 6M
- 2.08%
- 1Y
- 1.32%
- 3Y*
- 16.91%
- 5Y*
- 10.53%
- 10Y*
- 11.31%
IG.MI
- 1D
- 1.52%
- 1M
- 2.11%
- YTD
- 10.11%
- 6M
- 12.47%
- 1Y
- 52.06%
- 3Y*
- 27.87%
- 5Y*
- 17.78%
- 10Y*
- —
A2A.MI vs. IG.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
A2A.MI A2A S.p.A | 0.75% | 12.57% | 21.14% | 58.04% | -23.46% | 38.11% | -16.82% | 11.36% | 5.95% | 29.68% |
IG.MI Italgas SpA | 10.11% | 83.76% | 10.00% | 4.24% | -11.05% | 20.88% | -0.56% | 12.52% | 1.44% | 40.84% |
Correlation
The correlation between A2A.MI and IG.MI is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2016 | 0.59 |
The correlation between A2A.MI and IG.MI has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
A2A.MI vs. IG.MI — Risk / Return Rank
A2A.MI
IG.MI
A2A.MI vs. IG.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for A2A S.p.A (A2A.MI) and Italgas SpA (IG.MI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| A2A.MI | IG.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.45 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.92 | -3.84 |
| Martin ratioReturn relative to average drawdown | 0.13 | 11.31 | -11.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| A2A.MI | IG.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.67 | -2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.87 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.65 | -1.16 |
Drawdowns
A2A.MI vs. IG.MI - Drawdown Comparison
The maximum A2A.MI drawdown since its inception was -99.99%, which is greater than IG.MI's maximum drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for A2A.MI and IG.MI.
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Drawdown Indicators
| A2A.MI | IG.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -34.67% | -65.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.22% | -13.28% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -16.15% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -48.31% | -26.05% | -22.26% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | — | — |
Current DrawdownCurrent decline from peak | -99.82% | -6.29% | -93.53% |
Average DrawdownAverage peak-to-trough decline | -98.42% | -7.81% | -90.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.24% | 4.60% | +5.64% |
Volatility
A2A.MI vs. IG.MI - Volatility Comparison
A2A S.p.A (A2A.MI) has a higher volatility of 5.77% compared to Italgas SpA (IG.MI) at 5.09%. This indicates that A2A.MI's price experiences larger fluctuations and is considered to be riskier than IG.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| A2A.MI | IG.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.09% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 15.94% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 19.52% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 20.36% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.11% | 22.58% | +2.53% |
Dividends
A2A.MI vs. IG.MI - Dividend Comparison
A2A.MI's dividend yield for the trailing twelve months is around 4.68%, more than IG.MI's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
A2A.MI A2A S.p.A | 4.68% | 4.15% | 4.47% | 4.86% | 7.26% | 4.65% | 5.94% | 4.19% | 3.68% | 3.19% | 6.67% | 2.89% |
IG.MI Italgas SpA | 4.31% | 3.32% | 5.06% | 4.76% | 4.42% | 3.56% | 3.83% | 3.34% | 3.24% | 3.06% | 0.00% | 0.00% |
Financials
A2A.MI vs. IG.MI - Financials Comparison
This section allows you to compare key financial metrics between A2A S.p.A and Italgas SpA. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
A2A.MI and IG.MI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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