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ALA.TO vs. ^TNX
Performance
Return for Risk
Drawdowns
Volatility

Performance

ALA.TO vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in AltaGas Ltd. (ALA.TO) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ALA.TO is traded in CAD, while ^TNX is traded in USD. To make them comparable, the ^TNX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ALA.TO achieves a 30.67% return, which is significantly higher than ^TNX's 9.25% return. Both investments have delivered pretty close results over the past 10 years, with ALA.TO having a 11.34% annualized return and ^TNX not far behind at 10.97%.


ALA.TO

1D
0.72%
1M
3.57%
YTD
30.67%
6M
28.23%
1Y
44.08%
3Y*
35.58%
5Y*
21.56%
10Y*
11.34%

^TNX

1D
1.22%
1M
3.03%
YTD
9.25%
6M
10.27%
1Y
1.99%
3Y*
8.00%
5Y*
27.08%
10Y*
10.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ALA.TO vs. ^TNX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ALA.TO
AltaGas Ltd.
30.67%29.01%24.95%24.42%-10.99%52.14%0.41%49.96%-46.84%-9.37%
^TNX
Treasury Yield 10 Years
9.25%-13.14%28.45%-2.53%174.83%63.40%-53.02%-32.07%21.16%-7.94%

Correlation

The correlation between ALA.TO and ^TNX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

-0.05

Correlation (5Y)
Calculated over the trailing 5-year period

-0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2009

0.04

The correlation between ALA.TO and ^TNX shifts across timeframes, from -0.07 (5 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

ALA.TO vs. ^TNX — Risk / Return Rank

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

ALA.TO
ALA.TO Risk / Return Rank: 9292
Overall Rank
ALA.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ALA.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ALA.TO Omega Ratio Rank: 9090
Omega Ratio Rank
ALA.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
ALA.TO Martin Ratio Rank: 9393
Martin Ratio Rank

^TNX
^TNX Risk / Return Rank: 1212
Overall Rank
^TNX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
^TNX Sortino Ratio Rank: 1111
Sortino Ratio Rank
^TNX Omega Ratio Rank: 1111
Omega Ratio Rank
^TNX Calmar Ratio Rank: 1212
Calmar Ratio Rank
^TNX Martin Ratio Rank: 1212
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.

ALA.TO vs. ^TNX - Risk-Adjusted Trends 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.


ALA.TO^TNXDifference
Sharpe ratioReturn per unit of total volatility

+2.48

Sortino ratioReturn per unit of downside risk

+3.26

Omega ratioGain probability vs. loss probability

1.44

1.03

+0.41

Calmar ratioReturn relative to maximum drawdown

5.77

0.16

+5.61

Martin ratioReturn relative to average drawdown

15.56

0.32

+15.24

ALA.TO vs. ^TNX - Sharpe Ratio Comparison

The current ALA.TO Sharpe Ratio is 2.60, which is higher than the ^TNX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of ALA.TO and ^TNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


ALA.TO^TNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

0.12

+2.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.14

0.82

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.23

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.05

+0.40

Drawdowns

ALA.TO vs. ^TNX - Drawdown Comparison

The maximum ALA.TO drawdown since its inception was -74.97%, smaller than the maximum ^TNX drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for ALA.TO and ^TNX.


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Drawdown Indicators


ALA.TO^TNXDifference

Max Drawdown

Largest peak-to-trough decline

-74.97%

-83.97%

+9.00%

Max Drawdown (1Y)

Largest decline over 1 year

-7.67%

-12.47%

+4.80%

Max Drawdown (3Y)

Largest decline over 3 years

-9.12%

-28.10%

+18.98%

Max Drawdown (5Y)

Largest decline over 5 years

-27.83%

-28.10%

+0.27%

Max Drawdown (10Y)

Largest decline over 10 years

-66.67%

-83.93%

+17.26%

Current Drawdown

Current decline from peak

-0.00%

-9.63%

+9.63%

Average Drawdown

Average peak-to-trough decline

-19.30%

-32.52%

+13.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

6.24%

-3.39%

Volatility

ALA.TO vs. ^TNX - Volatility Comparison

The current volatility for AltaGas Ltd. (ALA.TO) is 4.71%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.28%. This indicates that ALA.TO experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ALA.TO^TNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

5.28%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

12.91%

11.60%

+1.31%

Volatility (1Y)

Calculated over the trailing 1-year period

17.03%

17.01%

+0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.00%

33.42%

-14.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.85%

48.26%

-19.41%

Frequently Asked Questions


ALA.TO and ^TNX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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