Correlation
The correlation between ALA.TO and VSP.TO is 0.39, 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.
ALA.TO vs. VSP.TO
Compare and contrast key facts about AltaGas Ltd. (ALA.TO) and Vanguard S&P 500 CAD-hedged ETF (VSP.TO).
VSP.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALA.TO or VSP.TO.
Performance
ALA.TO vs. VSP.TO - Performance Comparison
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Key characteristics
ALA.TO:
1.75
VSP.TO:
0.64
ALA.TO:
2.22
VSP.TO:
0.99
ALA.TO:
1.32
VSP.TO:
1.14
ALA.TO:
3.42
VSP.TO:
0.62
ALA.TO:
8.03
VSP.TO:
2.35
ALA.TO:
3.88%
VSP.TO:
5.00%
ALA.TO:
18.09%
VSP.TO:
19.44%
ALA.TO:
-74.98%
VSP.TO:
-35.55%
ALA.TO:
-6.03%
VSP.TO:
-4.07%
Returns By Period
In the year-to-date period, ALA.TO achieves a 15.49% return, which is significantly higher than VSP.TO's 0.02% return. Over the past 10 years, ALA.TO has underperformed VSP.TO with an annualized return of 5.11%, while VSP.TO has yielded a comparatively higher 11.28% annualized return.
ALA.TO
15.49%
-6.03%
13.97%
31.51%
12.32%
26.05%
5.11%
VSP.TO
0.02%
6.02%
-2.79%
12.46%
12.59%
14.35%
11.28%
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Risk-Adjusted Performance
ALA.TO vs. VSP.TO — Risk-Adjusted Performance Rank
ALA.TO
VSP.TO
ALA.TO vs. VSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AltaGas Ltd. (ALA.TO) and Vanguard S&P 500 CAD-hedged ETF (VSP.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.
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Dividends
ALA.TO vs. VSP.TO - Dividend Comparison
ALA.TO's dividend yield for the trailing twelve months is around 3.15%, more than VSP.TO's 1.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALA.TO AltaGas Ltd. | 3.15% | 3.55% | 4.03% | 4.53% | 3.66% | 5.15% | 4.85% | 15.02% | 7.39% | 5.99% | 6.10% | 3.90% |
VSP.TO Vanguard S&P 500 CAD-hedged ETF | 1.08% | 1.07% | 1.17% | 1.37% | 1.07% | 1.27% | 1.52% | 1.76% | 1.46% | 1.69% | 1.75% | 1.53% |
Drawdowns
ALA.TO vs. VSP.TO - Drawdown Comparison
The maximum ALA.TO drawdown since its inception was -74.98%, which is greater than VSP.TO's maximum drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for ALA.TO and VSP.TO.
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Volatility
ALA.TO vs. VSP.TO - Volatility Comparison
AltaGas Ltd. (ALA.TO) has a higher volatility of 5.23% compared to Vanguard S&P 500 CAD-hedged ETF (VSP.TO) at 4.69%. This indicates that ALA.TO's price experiences larger fluctuations and is considered to be riskier than VSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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