AQN.TO vs. ABX.TO
AQN.TO (Algonquin Power & Utilities Corp.) and ABX.TO (Barrick Gold Corporation) are both stocks. AQN.TO operates in Utilities - Renewable (Utilities), while ABX.TO operates in Gold (Basic Materials). Over the past 10 years, AQN.TO returned 1.17%/yr vs 10.81%/yr for ABX.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
AQN.TO vs. ABX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AQN.TO achieves a 0.57% return, which is significantly higher than ABX.TO's -0.72% return. Over the past 10 years, AQN.TO has underperformed ABX.TO with an annualized return of 1.17%, while ABX.TO has yielded a comparatively higher 10.81% annualized return.
AQN.TO
- 1D
- 0.96%
- 1M
- 5.79%
- YTD
- 0.57%
- 6M
- 4.51%
- 1Y
- 10.64%
- 3Y*
- -3.64%
- 5Y*
- -10.86%
- 10Y*
- 1.17%
ABX.TO
- 1D
- 4.21%
- 1M
- 5.46%
- YTD
- -0.72%
- 6M
- -0.45%
- 1Y
- 104.48%
- 3Y*
- 41.74%
- 5Y*
- 19.93%
- 10Y*
- 10.81%
AQN.TO vs. ABX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQN.TO Algonquin Power & Utilities Corp. | 0.57% | 38.66% | -18.70% | 0.64% | -48.61% | -9.69% | 18.93% | 38.62% | 1.80% | 28.17% |
ABX.TO Barrick Gold Corporation | -0.72% | 173.89% | -4.69% | 5.66% | 1.28% | -13.98% | 21.72% | 31.81% | 2.67% | -14.89% |
Correlation
The correlation between AQN.TO and ABX.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.12 |
Fundamentals
AQN.TO:
CA$6.49B
ABX.TO:
CA$98.19B
AQN.TO:
$0.22
ABX.TO:
$3.60
AQN.TO:
27.49
ABX.TO:
11.66
AQN.TO:
0.13
ABX.TO:
0.13
AQN.TO:
1.85
ABX.TO:
3.74
AQN.TO:
1.04
ABX.TO:
2.57
AQN.TO:
$2.52B
ABX.TO:
$19.02B
AQN.TO:
$924.77M
ABX.TO:
$10.15B
AQN.TO:
$928.99M
ABX.TO:
$12.44B
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Return for Risk
AQN.TO vs. ABX.TO — Risk / Return Rank
AQN.TO
ABX.TO
AQN.TO vs. ABX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp. (AQN.TO) and Barrick Gold Corporation (ABX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQN.TO | ABX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 3.69 | -3.02 |
| Martin ratioReturn relative to average drawdown | 1.58 | 9.06 | -7.48 |
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Drawdowns
AQN.TO vs. ABX.TO - Drawdown Comparison
The maximum AQN.TO drawdown since its inception was -78.58%, smaller than the maximum ABX.TO drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for AQN.TO and ABX.TO.
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Drawdown Indicators
| AQN.TO | ABX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.58% | -84.65% | +6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -28.49% | +12.59% |
Max Drawdown (3Y)Largest decline over 3 years | -39.68% | -28.49% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -63.79% | -43.11% | -20.68% |
Max Drawdown (10Y)Largest decline over 10 years | -66.31% | -56.74% | -9.57% |
Current DrawdownCurrent decline from peak | -50.78% | -17.39% | -33.39% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -40.48% | +18.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 11.58% | -4.83% |
Volatility
AQN.TO vs. ABX.TO - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp. (AQN.TO) is 4.87%, while Barrick Gold Corporation (ABX.TO) has a volatility of 16.05%. This indicates that AQN.TO experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQN.TO | ABX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 16.05% | -11.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 34.93% | -16.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 45.13% | -21.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.65% | 34.71% | -6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.94% | 35.96% | -10.02% |
Dividends
AQN.TO vs. ABX.TO - Dividend Comparison
AQN.TO's dividend yield for the trailing twelve months is around 4.28%, more than ABX.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.16% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
AQN.TO Algonquin Power & Utilities Corp. | 4.28% | 4.32% | 7.48% | 6.95% | 9.59% | 3.65% | 3.70% | 3.24% | 3.99% | 3.59% | 4.23% | 4.08% |
Financials
AQN.TO vs. ABX.TO - Financials Comparison
This section allows you to compare key financial metrics between Algonquin Power & Utilities Corp. and Barrick Gold Corporation. 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
AQN.TO vs. ABX.TO - Profitability Comparison
AQN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp. reported a gross profit of 169.97M and revenue of 771.54M. Therefore, the gross margin over that period was 22.0%.
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
AQN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp. reported an operating income of 169.97M and revenue of 771.54M, resulting in an operating margin of 22.0%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
AQN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp. reported a net income of 84.79M and revenue of 771.54M, resulting in a net margin of 11.0%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
Frequently Asked Questions
AQN.TO and ABX.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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