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 0.09, 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:
1.63
^TNX:
0.82
ALA.TO:
2.13
^TNX:
1.36
ALA.TO:
1.30
^TNX:
1.15
ALA.TO:
1.90
^TNX:
0.33
ALA.TO:
7.86
^TNX:
1.77
ALA.TO:
3.18%
^TNX:
10.32%
ALA.TO:
15.33%
^TNX:
22.19%
ALA.TO:
-74.98%
^TNX:
-93.78%
ALA.TO:
-5.35%
^TNX:
-43.00%
Returns By Period
Over the past 10 years, ALA.TO has underperformed ^TNX with an annualized return of 2.79%, while ^TNX has yielded a comparatively higher 8.00% annualized return.
ALA.TO
0.00%
-1.32%
9.54%
24.98%
16.36%
2.79%
^TNX
0.00%
9.45%
3.09%
18.29%
19.50%
8.00%
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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 5.57% compared to Treasury Yield 10 Years (^TNX) at 4.83%. 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.