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.
Key characteristics
| ALA.TO | ^TNX | |
|---|---|---|
| YTD Return | 24.47% | 14.28% |
| 1Y Return | 26.69% | -2.58% |
| 3Y Return (Ann) | 14.99% | 39.81% |
| 5Y Return (Ann) | 16.03% | 19.29% |
| 10Y Return (Ann) | 2.59% | 6.58% |
| Sharpe Ratio | 1.83 | -0.02 |
| Sortino Ratio | 2.42 | 0.14 |
| Omega Ratio | 1.33 | 1.01 |
| Calmar Ratio | 1.93 | -0.01 |
| Martin Ratio | 10.92 | -0.05 |
| Ulcer Index | 2.61% | 11.32% |
| Daily Std Dev | 15.57% | 23.12% |
| Max Drawdown | -74.98% | -93.78% |
| Current Drawdown | -5.74% | -44.93% |
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
In the year-to-date period, ALA.TO achieves a 24.47% return, which is significantly higher than ^TNX's 14.28% return. Over the past 10 years, ALA.TO has underperformed ^TNX with an annualized return of 2.59%, while ^TNX has yielded a comparatively higher 6.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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
The current volatility for AltaGas Ltd. (ALA.TO) is 5.74%, while Treasury Yield 10 Years (^TNX) has a volatility of 6.38%. 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.