AAPL.TO vs. GOOG.TO

Last updated Jun 5, 2026

AAPL.TO (Apple CDR (CAD Hedged)) and GOOG.TO (Alphabet CDR (CAD Hedged)) are both stocks. AAPL.TO operates in Consumer Electronics (Technology), while GOOG.TO operates in Internet Content & Information (Communication Services). Over the past 3 years, AAPL.TO returned 17.57%/yr vs 40.47%/yr for GOOG.TO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

AAPL.TO vs. GOOG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Apple CDR (CAD Hedged) (AAPL.TO) and Alphabet CDR (CAD Hedged) (GOOG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPL.TO achieves a 13.62% return, which is significantly lower than GOOG.TO's 16.59% return.

AAPL.TO

• 1D: 0.34%
• 1M: 7.96%
• YTD: 13.62%
• 6M: 10.60%
• 1Y: 52.21%
• 3Y*: 17.57%
• 5Y*: —
• 10Y*: —

GOOG.TO

• 1D: 3.54%
• 1M: -6.73%
• YTD: 16.59%
• 6M: 13.36%
• 1Y: 112.62%
• 3Y*: 40.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPL.TO vs. GOOG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AAPL.TO Apple CDR (CAD Hedged)	13.62%	6.36%	29.57%	46.85%	-27.69%	19.43%
GOOG.TO Alphabet CDR (CAD Hedged)	16.59%	61.01%	33.55%	56.62%	-39.75%	0.92%

Correlation

The correlation between AAPL.TO and GOOG.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021	0.55

Over the past year, the correlation between AAPL.TO and GOOG.TO has dropped to 0.32 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

AAPL.TO vs. GOOG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPL.TO

AAPL.TO Risk / Return Rank: 87
AAPL.TO Sharpe Ratio Rank: 90
AAPL.TO Sortino Ratio Rank: 89
AAPL.TO Omega Ratio Rank: 88
AAPL.TO Calmar Ratio Rank: 86
AAPL.TO Martin Ratio Rank: 85

GOOG.TO

GOOG.TO Risk / Return Rank: 96
GOOG.TO Sharpe Ratio Rank: 97
GOOG.TO Sortino Ratio Rank: 98
GOOG.TO Omega Ratio Rank: 96
GOOG.TO Calmar Ratio Rank: 92
GOOG.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPL.TO vs. GOOG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apple CDR (CAD Hedged) (AAPL.TO) and Alphabet CDR (CAD Hedged) (GOOG.TO). 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.

	AAPL.TO	GOOG.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.18	3.97	-1.79
Sortino ratio: Return per unit of downside risk	3.07	5.36	-2.29
Omega ratio: Gain probability vs. loss probability	1.39	1.63	-0.24
Calmar ratio: Return relative to maximum drawdown	3.53	5.42	-1.89
Martin ratio: Return relative to average drawdown	8.79	19.31	-10.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAPL.TO vs. GOOG.TO - Sharpe Ratio Comparison

The current AAPL.TO Sharpe Ratio is 2.18, which is lower than the GOOG.TO Sharpe Ratio of 3.97. The chart below compares the historical Sharpe Ratios of AAPL.TO and GOOG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAPL.TO	GOOG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	3.97	-1.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.67	-0.11

Drawdowns

AAPL.TO vs. GOOG.TO - Drawdown Comparison

The maximum AAPL.TO drawdown since its inception was -33.28%, smaller than the maximum GOOG.TO drawdown of -45.34%. Use the drawdown chart below to compare losses from any high point for AAPL.TO and GOOG.TO.

Drawdown Indicators

	AAPL.TO	GOOG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-33.28%	-45.34%	+12.06%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-21.03%	+6.73%
Max Drawdown (3Y) Largest decline over 3 years	-33.28%	-29.62%	-3.66%
Current Drawdown Current decline from peak	-1.28%	-7.56%	+6.28%
Average Drawdown Average peak-to-trough decline	-9.59%	-14.14%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	5.89%	-0.16%

Volatility

AAPL.TO vs. GOOG.TO - Volatility Comparison

The current volatility for Apple CDR (CAD Hedged) (AAPL.TO) is 5.40%, while Alphabet CDR (CAD Hedged) (GOOG.TO) has a volatility of 9.03%. This indicates that AAPL.TO experiences smaller price fluctuations and is considered to be less risky than GOOG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPL.TO	GOOG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	9.03%	-3.63%
Volatility (6M) Calculated over the trailing 6-month period	15.97%	20.35%	-4.38%
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	28.72%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.98%	31.29%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.98%	31.29%	-3.31%

Dividends

AAPL.TO vs. GOOG.TO - Dividend Comparison

AAPL.TO's dividend yield for the trailing twelve months is around 0.34%, more than GOOG.TO's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021
AAPL.TO Apple CDR (CAD Hedged)	0.34%	0.38%	0.85%	0.49%	0.70%	0.12%
GOOG.TO Alphabet CDR (CAD Hedged)	0.23%	0.27%	0.31%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AAPL.TO and GOOG.TO in my portfolio?

AAPL.TO and GOOG.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.