ALE vs. AQN.TO
Compare and contrast key facts about ALLETE, Inc. (ALE) and Algonquin Power & Utilities Corp. (AQN.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALE or AQN.TO.
Key characteristics
| ALE | AQN.TO | |
|---|---|---|
| YTD Return | -0.74% | 3.04% |
| 1Y Return | -0.84% | -21.38% |
| 3Y Return (Ann) | -1.32% | -20.60% |
| 5Y Return (Ann) | -1.82% | -6.35% |
| 10Y Return (Ann) | 5.42% | 5.91% |
| Sharpe Ratio | -0.06 | -0.78 |
| Daily Std Dev | 22.29% | 27.88% |
| Max Drawdown | -73.95% | -78.58% |
| Current Drawdown | -17.95% | -54.63% |
Fundamentals
| ALE | AQN.TO | |
|---|---|---|
| Market Cap | $3.44B | CA$5.63B |
| EPS | $4.30 | CA$0.04 |
| PE Ratio | 13.89 | 204.25 |
| PEG Ratio | 2.22 | 1.41 |
| Revenue (TTM) | $1.88B | CA$2.70B |
| Gross Profit (TTM) | $446.80M | CA$1.05B |
| EBITDA (TTM) | $443.40M | CA$944.79M |
Correlation
The correlation between ALE and AQN.TO is 0.23, 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
ALE vs. AQN.TO - Performance Comparison
In the year-to-date period, ALE achieves a -0.74% return, which is significantly lower than AQN.TO's 3.04% return. Over the past 10 years, ALE has underperformed AQN.TO with an annualized return of 5.42%, while AQN.TO has yielded a comparatively higher 5.91% 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
ALE vs. AQN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALLETE, Inc. (ALE) and Algonquin Power & Utilities Corp. (AQN.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.
Dividends
ALE vs. AQN.TO - Dividend Comparison
ALE's dividend yield for the trailing twelve months is around 4.57%, less than AQN.TO's 6.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALE ALLETE, Inc. | 4.57% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% | 3.81% |
AQN.TO Algonquin Power & Utilities Corp. | 6.85% | 6.94% | 10.63% | 4.61% | 3.90% | 3.96% | 4.82% | 4.27% | 4.82% | 4.50% | 3.83% | 4.53% |
Drawdowns
ALE vs. AQN.TO - Drawdown Comparison
The maximum ALE drawdown since its inception was -73.95%, smaller than the maximum AQN.TO drawdown of -78.58%. Use the drawdown chart below to compare losses from any high point for ALE and AQN.TO. For additional features, visit the drawdowns tool.
Volatility
ALE vs. AQN.TO - Volatility Comparison
The current volatility for ALLETE, Inc. (ALE) is 5.83%, while Algonquin Power & Utilities Corp. (AQN.TO) has a volatility of 9.63%. This indicates that ALE experiences smaller price fluctuations and is considered to be less risky than AQN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ALE vs. AQN.TO - Financials Comparison
This section allows you to compare key financial metrics between ALLETE, Inc. and Algonquin Power & Utilities Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities