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ACO-X.TO vs. BLX.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

ACO-X.TO vs. BLX.TO

Last updated Apr 2, 2026

Compare and contrast key facts about ATCO Ltd (ACO-X.TO) and Boralex Inc. (BLX.TO).

Performance

ACO-X.TO vs. BLX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in ATCO Ltd (ACO-X.TO) and Boralex Inc. (BLX.TO). The values are adjusted to include any dividend payments, if applicable.

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ACO-X.TO vs. BLX.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACO-X.TO
ATCO Ltd		21.52%23.29%28.83%-4.25%3.50%22.23%-23.55%33.41%-10.91%3.62%
BLX.TO
Boralex Inc.		45.29%-9.71%-7.05%-11.59%20.32%-23.37%104.18%50.06%-26.06%26.14%

Fundamentals

Market Cap

ACO-X.TO:

CA$7.64B

BLX.TO:

CA$3.76B

EPS

ACO-X.TO:

CA$1.33

BLX.TO:

CA$0.07

PE Ratio

ACO-X.TO:

51.06

BLX.TO:

537.03

PEG Ratio

ACO-X.TO:

2.43

BLX.TO:

22.41

PS Ratio

ACO-X.TO:

1.49

BLX.TO:

4.49

PB Ratio

ACO-X.TO:

1.69

BLX.TO:

2.44

Total Revenue (TTM)

ACO-X.TO:

CA$5.14B

BLX.TO:

CA$838.00M

Gross Profit (TTM)

ACO-X.TO:

CA$1.94B

BLX.TO:

CA$446.00M

EBITDA (TTM)

ACO-X.TO:

CA$2.10B

BLX.TO:

CA$536.00M

Returns By Period

In the year-to-date period, ACO-X.TO achieves a 21.52% return, which is significantly lower than BLX.TO's 45.29% return. Over the past 10 years, ACO-X.TO has underperformed BLX.TO with an annualized return of 9.74%, while BLX.TO has yielded a comparatively higher 13.21% annualized return.

ACO-X.TO

1D
-0.19%
1M
3.87%
YTD
21.52%
6M
38.00%
1Y
39.94%
3Y*
21.37%
5Y*
15.07%
10Y*
9.74%

BLX.TO

1D
-0.16%
1M
34.34%
YTD
45.29%
6M
34.04%
1Y
31.51%
3Y*
1.21%
5Y*
2.25%
10Y*
13.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ATCO Ltd

Boralex Inc.

Often compared with ACO-X.TO:
ACO-X.TO vs. FTSACO-X.TO vs. CU.TOACO-X.TO vs. ENBACO-X.TO vs. CPX.TOACO-X.TO vs. VDY.TOACO-X.TO vs. BAMACO-X.TO vs. FTS.TO
Often compared with BLX.TO:
BLX.TO vs. INE.TOBLX.TO vs. H.TOBLX.TO vs. FTSBLX.TO vs. DG.PABLX.TO vs. HYDRBLX.TO vs. NPI.TOBLX.TO vs. NOA.TO

Return for Risk

ACO-X.TO vs. BLX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACO-X.TO
ACO-X.TO Risk / Return Rank: 9494
Overall Rank
ACO-X.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ACO-X.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
ACO-X.TO Omega Ratio Rank: 9393
Omega Ratio Rank
ACO-X.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
ACO-X.TO Martin Ratio Rank: 9494
Martin Ratio Rank
BLX.TO
BLX.TO Risk / Return Rank: 6868
Overall Rank
BLX.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
BLX.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
BLX.TO Omega Ratio Rank: 7070
Omega Ratio Rank
BLX.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
BLX.TO Martin Ratio Rank: 6161
Martin Ratio Rank
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.

ACO-X.TO vs. BLX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ATCO Ltd (ACO-X.TO) and Boralex Inc. (BLX.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.

ACO-X.TOBLX.TODifference

Sharpe ratio

Return per unit of total volatility

2.64

1.04

+1.60

Sortino ratio

Return per unit of downside risk

3.53

1.74

+1.79

Omega ratio

Gain probability vs. loss probability

1.45

1.22

+0.23

Calmar ratio

Return relative to maximum drawdown

5.41

1.11

+4.30

Martin ratio

Return relative to average drawdown

14.59

2.11

+12.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACO-X.TO vs. BLX.TO - Sharpe Ratio Comparison

The current ACO-X.TO Sharpe Ratio is 2.64, which is higher than the BLX.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of ACO-X.TO and BLX.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ACO-X.TOBLX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.64

1.04

+1.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.08

+0.89

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.46

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.24

+0.04

Correlation

The correlation between ACO-X.TO and BLX.TO is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ACO-X.TO vs. BLX.TO - Dividend Comparison

ACO-X.TO's dividend yield for the trailing twelve months is around 2.99%, more than BLX.TO's 1.80% yield.

TTM20252024202320222021202020192018201720162015
ACO-X.TO
ATCO Ltd		2.99%3.58%4.12%4.92%4.36%4.20%4.77%3.25%3.91%2.92%2.55%2.78%
BLX.TO
Boralex Inc.		1.80%2.61%9.27%4.93%4.15%4.79%3.80%2.70%3.75%2.55%2.87%3.60%

Drawdowns

ACO-X.TO vs. BLX.TO - Drawdown Comparison

The maximum ACO-X.TO drawdown since its inception was -84.73%, which is greater than BLX.TO's maximum drawdown of -73.68%. Use the drawdown chart below to compare losses from any high point for ACO-X.TO and BLX.TO.

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Drawdown Indicators

ACO-X.TOBLX.TODifference

Max Drawdown

Largest peak-to-trough decline

-84.73%

-73.68%

-11.05%

Max Drawdown (1Y)

Largest decline over 1 year

-7.53%

-26.56%

+19.03%

Max Drawdown (5Y)

Largest decline over 5 years

-26.84%

-47.22%

+20.38%

Max Drawdown (10Y)

Largest decline over 10 years

-48.31%

-47.87%

-0.44%

Current Drawdown

Current decline from peak

-0.79%

-15.54%

+14.75%

Average Drawdown

Average peak-to-trough decline

-30.20%

-32.57%

+2.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

14.01%

-11.22%

Volatility

ACO-X.TO vs. BLX.TO - Volatility Comparison

The current volatility for ATCO Ltd (ACO-X.TO) is 4.47%, while Boralex Inc. (BLX.TO) has a volatility of 14.90%. This indicates that ACO-X.TO experiences smaller price fluctuations and is considered to be less risky than BLX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACO-X.TOBLX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

14.90%

-10.43%

Volatility (6M)

Calculated over the trailing 6-month period

10.52%

23.87%

-13.35%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

30.50%

-15.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

28.86%

-13.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.56%

29.07%

-8.51%

Financials

ACO-X.TO vs. BLX.TO - Financials Comparison

This section allows you to compare key financial metrics between ATCO Ltd and Boralex Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

200.00M400.00M600.00M800.00M1.00B1.20B1.40BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
1.39B
258.00M
(ACO-X.TO) Total Revenue
(BLX.TO) Total Revenue
Values in CAD except per share items

ACO-X.TO vs. BLX.TO - Profitability Comparison

The chart below illustrates the profitability comparison between ATCO Ltd and Boralex Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
-20.0%0.0%20.0%40.0%60.0%80.0%100.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
-4.0%
46.5%
Portfolio components
ACO-X.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ATCO Ltd reported a gross profit of -55.00M and revenue of 1.39B. Therefore, the gross margin over that period was -4.0%.

BLX.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Boralex Inc. reported a gross profit of 120.00M and revenue of 258.00M. Therefore, the gross margin over that period was 46.5%.

ACO-X.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ATCO Ltd reported an operating income of -278.00M and revenue of 1.39B, resulting in an operating margin of -20.0%.

BLX.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Boralex Inc. reported an operating income of 84.00M and revenue of 258.00M, resulting in an operating margin of 32.6%.

ACO-X.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ATCO Ltd reported a net income of -143.00M and revenue of 1.39B, resulting in a net margin of -10.3%.

BLX.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Boralex Inc. reported a net income of 14.00M and revenue of 258.00M, resulting in a net margin of 5.4%.