AQN.TO vs. NOVA
Compare and contrast key facts about Algonquin Power & Utilities Corp. (AQN.TO) and Sunnova Energy International Inc. (NOVA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQN.TO or NOVA.
Key characteristics
AQN.TO | NOVA | |
---|---|---|
YTD Return | 3.16% | -60.85% |
1Y Return | -15.76% | -52.96% |
3Y Return (Ann) | -20.05% | -45.04% |
Sharpe Ratio | -0.58 | -0.57 |
Daily Std Dev | 28.72% | 94.56% |
Max Drawdown | -78.58% | -92.24% |
Current Drawdown | -54.57% | -88.97% |
Fundamentals
AQN.TO | NOVA | |
---|---|---|
Market Cap | CA$5.74B | $709.18M |
EPS | CA$0.04 | -$3.53 |
Revenue (TTM) | CA$2.70B | $720.65M |
Gross Profit (TTM) | CA$1.05B | $299.31M |
EBITDA (TTM) | CA$944.79M | $457.00K |
Correlation
The correlation between AQN.TO and NOVA is 0.34, 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. NOVA - Performance Comparison
In the year-to-date period, AQN.TO achieves a 3.16% return, which is significantly higher than NOVA's -60.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Risk-Adjusted Performance
AQN.TO vs. NOVA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp. (AQN.TO) and Sunnova Energy International Inc. (NOVA). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Algonquin Power & Utilities Corp. | -0.68 | ||||
Sunnova Energy International Inc. | -0.66 |
Dividends
AQN.TO vs. NOVA - Dividend Comparison
AQN.TO's dividend yield for the trailing twelve months is around 8.58%, while NOVA has not paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Algonquin Power & Utilities Corp. | 8.58% | 6.94% | 10.63% | 4.61% | 3.90% | 3.96% | 4.82% | 4.27% | 4.82% | 4.50% | 3.83% | 4.53% |
Sunnova Energy International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AQN.TO vs. NOVA - Drawdown Comparison
The maximum AQN.TO drawdown since its inception was -78.58%, smaller than the maximum NOVA drawdown of -92.24%. The drawdown chart below compares losses from any high point along the way for AQN.TO and NOVA
Volatility
AQN.TO vs. NOVA - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp. (AQN.TO) is 9.34%, while Sunnova Energy International Inc. (NOVA) has a volatility of 35.64%. This indicates that AQN.TO experiences smaller price fluctuations and is considered to be less risky than NOVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.