ACO-X.TO vs. T.TO
ACO-X.TO (ATCO Ltd) and T.TO (TELUS Corporation) are both stocks. ACO-X.TO operates in Utilities - Diversified (Utilities), while T.TO operates in Telecom Services (Communication Services). Over the past 10 years, ACO-X.TO returned 9.15%/yr vs 12.80%/yr for T.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
ACO-X.TO vs. T.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ACO-X.TO achieves a 30.25% return, which is significantly higher than T.TO's -3.54% return. Over the past 10 years, ACO-X.TO has underperformed T.TO with an annualized return of 9.15%, while T.TO has yielded a comparatively higher 12.80% annualized return.
ACO-X.TO
- 1D
- -0.45%
- 1M
- 6.04%
- YTD
- 30.25%
- 6M
- 37.62%
- 1Y
- 45.31%
- 3Y*
- 26.35%
- 5Y*
- 14.33%
- 10Y*
- 9.15%
T.TO
- 1D
- 0.06%
- 1M
- 0.63%
- YTD
- -3.54%
- 6M
- -1.02%
- 1Y
- -17.72%
- 3Y*
- -6.72%
- 5Y*
- -3.61%
- 10Y*
- 12.80%
ACO-X.TO vs. T.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACO-X.TO ATCO Ltd | 30.25% | 23.29% | 28.83% | -4.26% | 3.50% | 22.23% | -23.55% | 33.41% | -10.91% | 3.62% |
T.TO TELUS Corporation | -3.54% | 0.34% | -11.50% | -4.41% | -8.27% | 23.58% | 113.11% | 21.76% | 3.92% | 21.55% |
Correlation
The correlation between ACO-X.TO and T.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.22 |
Over the past year, the correlation between ACO-X.TO and T.TO has dropped to 0.02 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.
Fundamentals
ACO-X.TO:
CA$8.19B
T.TO:
CA$25.99B
ACO-X.TO:
CA$1.40
T.TO:
CA$0.60
ACO-X.TO:
51.63
T.TO:
27.67
ACO-X.TO:
1.58
T.TO:
1.26
ACO-X.TO:
1.76
T.TO:
1.67
ACO-X.TO:
CA$5.16B
T.TO:
CA$20.32B
ACO-X.TO:
CA$1.64B
T.TO:
CA$8.88B
ACO-X.TO:
CA$2.10B
T.TO:
CA$7.49B
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Return for Risk
ACO-X.TO vs. T.TO — Risk / Return Rank
ACO-X.TO
T.TO
ACO-X.TO vs. T.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ATCO Ltd (ACO-X.TO) and TELUS Corporation (T.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACO-X.TO | T.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.03 | ||
| Sortino ratioReturn per unit of downside risk | +5.24 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.82 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | -0.72 | +6.54 |
| Martin ratioReturn relative to average drawdown | 14.46 | -1.26 | +15.72 |
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Drawdowns
ACO-X.TO vs. T.TO - Drawdown Comparison
The maximum ACO-X.TO drawdown since its inception was -48.31%, which is greater than T.TO's maximum drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for ACO-X.TO and T.TO.
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Drawdown Indicators
| ACO-X.TO | T.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -39.72% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -24.59% | +16.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -24.59% | +8.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -38.60% | +11.75% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | -38.60% | -9.71% |
Current DrawdownCurrent decline from peak | -0.86% | -35.63% | +34.77% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -10.14% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 14.06% | -10.92% |
Volatility
ACO-X.TO vs. T.TO - Volatility Comparison
ATCO Ltd (ACO-X.TO) has a higher volatility of 6.13% compared to TELUS Corporation (T.TO) at 3.35%. This indicates that ACO-X.TO's price experiences larger fluctuations and is considered to be riskier than T.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.TO | T.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 3.35% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 13.36% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 16.81% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 16.44% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 33.56% | -12.98% |
Dividends
ACO-X.TO vs. T.TO - Dividend Comparison
ACO-X.TO's dividend yield for the trailing twelve months is around 2.83%, less than T.TO's 10.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACO-X.TO ATCO Ltd | 2.83% | 3.58% | 4.12% | 4.92% | 4.36% | 4.20% | 4.77% | 3.25% | 3.90% | 2.91% | 2.55% | 2.77% |
T.TO TELUS Corporation | 10.05% | 9.14% | 7.99% | 6.17% | 5.19% | 4.27% | 4.70% | 8.96% | 9.28% | 8.27% | 8.61% | 8.78% |
Financials
ACO-X.TO vs. T.TO - Financials Comparison
This section allows you to compare key financial metrics between ATCO Ltd and TELUS Corporation. 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
ACO-X.TO vs. T.TO - Profitability Comparison
ACO-X.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported a gross profit of 592.00M and revenue of 1.43B. Therefore, the gross margin over that period was 41.5%.
T.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a gross profit of 824.00M and revenue of 4.99B. Therefore, the gross margin over that period was 16.5%.
ACO-X.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported an operating income of 401.00M and revenue of 1.43B, resulting in an operating margin of 28.1%.
T.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported an operating income of 824.00M and revenue of 4.99B, resulting in an operating margin of 16.5%.
ACO-X.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported a net income of 152.00M and revenue of 1.43B, resulting in a net margin of 10.7%.
T.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a net income of 136.00M and revenue of 4.99B, resulting in a net margin of 2.7%.
Frequently Asked Questions
ACO-X.TO and T.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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