AQN.TO vs. AEP
Compare and contrast key facts about Algonquin Power & Utilities Corp. (AQN.TO) and American Electric Power Company, Inc. (AEP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQN.TO or AEP.
Key characteristics
| AQN.TO | AEP | |
|---|---|---|
| YTD Return | -2.32% | 0.77% |
| 1Y Return | -25.85% | -8.76% |
| 3Y Return (Ann) | -22.04% | 0.70% |
| 5Y Return (Ann) | -7.40% | 3.01% |
| 10Y Return (Ann) | 5.60% | 8.39% |
| Sharpe Ratio | -0.95 | -0.50 |
| Daily Std Dev | 28.52% | 20.19% |
| Max Drawdown | -78.58% | -62.75% |
| Current Drawdown | -56.99% | -18.26% |
Fundamentals
| AQN.TO | AEP | |
|---|---|---|
| Market Cap | CA$5.90B | $45.34B |
| EPS | CA$0.04 | $4.24 |
| PE Ratio | 214.00 | 20.31 |
| PEG Ratio | 1.41 | 1.84 |
| Revenue (TTM) | CA$2.70B | $18.98B |
| Gross Profit (TTM) | CA$1.05B | $8.41B |
| EBITDA (TTM) | CA$944.79M | $6.98B |
Correlation
The correlation between AQN.TO and AEP is 0.24, 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
AQN.TO vs. AEP - Performance Comparison
In the year-to-date period, AQN.TO achieves a -2.32% return, which is significantly lower than AEP's 0.77% return. Over the past 10 years, AQN.TO has underperformed AEP with an annualized return of 5.60%, while AEP has yielded a comparatively higher 8.39% 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
AQN.TO vs. AEP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp. (AQN.TO) and American Electric Power Company, Inc. (AEP). 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
AQN.TO vs. AEP - Dividend Comparison
AQN.TO's dividend yield for the trailing twelve months is around 7.23%, more than AEP's 4.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN.TO Algonquin Power & Utilities Corp. | 7.23% | 6.94% | 10.63% | 4.61% | 3.90% | 3.96% | 4.82% | 4.27% | 4.82% | 4.50% | 3.83% | 4.53% |
AEP American Electric Power Company, Inc. | 4.23% | 4.15% | 3.34% | 3.37% | 3.41% | 2.87% | 3.39% | 3.25% | 3.61% | 3.69% | 3.34% | 4.17% |
Drawdowns
AQN.TO vs. AEP - Drawdown Comparison
The maximum AQN.TO drawdown since its inception was -78.58%, which is greater than AEP's maximum drawdown of -62.75%. Use the drawdown chart below to compare losses from any high point for AQN.TO and AEP. For additional features, visit the drawdowns tool.
Volatility
AQN.TO vs. AEP - Volatility Comparison
Algonquin Power & Utilities Corp. (AQN.TO) has a higher volatility of 9.32% compared to American Electric Power Company, Inc. (AEP) at 5.29%. This indicates that AQN.TO's price experiences larger fluctuations and is considered to be riskier than AEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.