Correlation
The correlation between ALA.TO and ^TNX is 0.30, 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. ^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.
Performance
ALA.TO vs. ^TNX - Performance Comparison
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Key characteristics
ALA.TO:
1.75
^TNX:
-0.20
ALA.TO:
2.22
^TNX:
0.10
ALA.TO:
1.32
^TNX:
1.01
ALA.TO:
3.42
^TNX:
-0.02
ALA.TO:
8.03
^TNX:
-0.09
ALA.TO:
3.88%
^TNX:
10.69%
ALA.TO:
18.09%
^TNX:
22.21%
ALA.TO:
-74.98%
^TNX:
-93.78%
ALA.TO:
-6.03%
^TNX:
-44.86%
Returns By Period
In the year-to-date period, ALA.TO achieves a 15.49% return, which is significantly higher than ^TNX's -3.26% return. Over the past 10 years, ALA.TO has underperformed ^TNX with an annualized return of 5.11%, while ^TNX has yielded a comparatively higher 7.27% annualized return.
ALA.TO
15.49%
-6.03%
13.97%
31.51%
12.32%
26.05%
5.11%
^TNX
-3.26%
5.91%
5.89%
-2.85%
17.27%
46.84%
7.27%
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Risk-Adjusted Performance
ALA.TO vs. ^TNX — Risk-Adjusted Performance Rank
ALA.TO
^TNX
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.
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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.
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Volatility
ALA.TO vs. ^TNX - Volatility Comparison
The current volatility for AltaGas Ltd. (ALA.TO) is 5.23%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.86%. 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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