ACO-X.TO vs. TF.TO
ACO-X.TO (ATCO Ltd) and TF.TO (Timbercreek Financial Corp.) are both stocks. ACO-X.TO operates in Utilities - Diversified (Utilities), while TF.TO operates in Mortgage Finance (Financial Services). Over the past 5 years, ACO-X.TO returned 14.33%/yr vs 1.70%/yr for TF.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
ACO-X.TO vs. TF.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 TF.TO's 0.53% 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%
TF.TO
- 1D
- 1.23%
- 1M
- 3.70%
- YTD
- 0.53%
- 6M
- 1.82%
- 1Y
- -3.36%
- 3Y*
- 5.74%
- 5Y*
- 1.70%
- 10Y*
- —
ACO-X.TO vs. TF.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% |
TF.TO Timbercreek Financial Corp. | 0.53% | 6.58% | 16.09% | 3.20% | -19.62% | 19.59% | -5.44% | 22.00% | -1.96% | 18.70% |
Correlation
The correlation between ACO-X.TO and TF.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016 | 0.18 |
The correlation between ACO-X.TO and TF.TO shifts across timeframes, from -0.01 (1 year) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
ACO-X.TO:
CA$8.19B
TF.TO:
CA$545.34M
ACO-X.TO:
CA$1.40
TF.TO:
CA$0.36
ACO-X.TO:
51.63
TF.TO:
18.15
ACO-X.TO:
2.46
TF.TO:
0.84
ACO-X.TO:
1.58
TF.TO:
3.74
ACO-X.TO:
1.76
TF.TO:
0.83
ACO-X.TO:
CA$5.16B
TF.TO:
CA$145.73M
ACO-X.TO:
CA$1.64B
TF.TO:
CA$79.48M
ACO-X.TO:
CA$2.10B
TF.TO:
CA$55.87M
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Return for Risk
ACO-X.TO vs. TF.TO — Risk / Return Rank
ACO-X.TO
TF.TO
ACO-X.TO vs. TF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ATCO Ltd (ACO-X.TO) and Timbercreek Financial Corp. (TF.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 | TF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.98 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | -0.21 | +6.02 |
| Martin ratioReturn relative to average drawdown | 14.46 | -0.48 | +14.94 |
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Drawdowns
ACO-X.TO vs. TF.TO - Drawdown Comparison
The maximum ACO-X.TO drawdown since its inception was -48.31%, which is greater than TF.TO's maximum drawdown of -40.43%. Use the drawdown chart below to compare losses from any high point for ACO-X.TO and TF.TO.
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Drawdown Indicators
| ACO-X.TO | TF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -40.43% | -7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -16.36% | +8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -23.05% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -30.99% | +4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -8.19% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -6.65% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 7.03% | -3.89% |
Volatility
ACO-X.TO vs. TF.TO - Volatility Comparison
ATCO Ltd (ACO-X.TO) has a higher volatility of 6.13% compared to Timbercreek Financial Corp. (TF.TO) at 3.57%. This indicates that ACO-X.TO's price experiences larger fluctuations and is considered to be riskier than TF.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 | TF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 3.57% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 11.96% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 16.10% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 18.24% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 19.05% | +1.53% |
Dividends
ACO-X.TO vs. TF.TO - Dividend Comparison
ACO-X.TO's dividend yield for the trailing twelve months is around 2.83%, less than TF.TO's 10.47% 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% |
TF.TO Timbercreek Financial Corp. | 10.47% | 10.09% | 9.76% | 10.35% | 9.76% | 7.18% | 7.99% | 6.95% | 7.89% | 7.12% | 3.92% | 0.00% |
Financials
ACO-X.TO vs. TF.TO - Financials Comparison
This section allows you to compare key financial metrics between ATCO Ltd and Timbercreek Financial Corp.. 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. TF.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%.
TF.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported a gross profit of 22.05M and revenue of 39.10M. Therefore, the gross margin over that period was 56.4%.
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%.
TF.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported an operating income of 17.68M and revenue of 39.10M, resulting in an operating margin of 45.2%.
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%.
TF.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported a net income of 10.37M and revenue of 39.10M, resulting in a net margin of 26.5%.
Frequently Asked Questions
ACO-X.TO and TF.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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