ALA.TO vs. ^TNX
Compare and contrast key facts about AltaGas Ltd. (ALA.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALA.TO or ^TNX.
Correlation
The correlation between ALA.TO and ^TNX 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.
Performance
ALA.TO vs. ^TNX - Performance Comparison
Key characteristics
ALA.TO:
1.56
^TNX:
0.61
ALA.TO:
2.04
^TNX:
1.06
ALA.TO:
1.28
^TNX:
1.12
ALA.TO:
1.80
^TNX:
0.25
ALA.TO:
7.84
^TNX:
1.33
ALA.TO:
3.03%
^TNX:
10.31%
ALA.TO:
15.23%
^TNX:
22.23%
ALA.TO:
-74.98%
^TNX:
-93.78%
ALA.TO:
-8.41%
^TNX:
-43.99%
Returns By Period
In the year-to-date period, ALA.TO achieves a 20.95% return, which is significantly higher than ^TNX's 16.24% return. Over the past 10 years, ALA.TO has underperformed ^TNX with an annualized return of 3.19%, while ^TNX has yielded a comparatively higher 7.62% annualized return.
ALA.TO
20.95%
-5.55%
10.33%
24.21%
15.61%
3.19%
^TNX
16.24%
2.63%
5.64%
15.91%
18.66%
7.62%
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Risk-Adjusted Performance
ALA.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AltaGas Ltd. (ALA.TO) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
ALA.TO vs. ^TNX - Drawdown Comparison
The maximum ALA.TO drawdown since its inception was -74.98%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ALA.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
ALA.TO vs. ^TNX - Volatility Comparison
AltaGas Ltd. (ALA.TO) has a higher volatility of 6.17% compared to Treasury Yield 10 Years (^TNX) at 5.82%. This indicates that ALA.TO's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.