PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
AQN.TO vs. NOVA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AQN.TONOVA
YTD Return3.16%-60.85%
1Y Return-15.76%-52.96%
3Y Return (Ann)-20.05%-45.04%
Sharpe Ratio-0.58-0.57
Daily Std Dev28.72%94.56%
Max Drawdown-78.58%-92.24%
Current Drawdown-54.57%-88.97%

Fundamentals


AQN.TONOVA
Market CapCA$5.74B$709.18M
EPSCA$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

0.34
-1.001.00

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.


-60.00%-40.00%-20.00%0.00%20.00%40.00%OctoberNovemberDecember2024FebruaryMarch
-35.49%
-46.93%
AQN.TO
NOVA

Compare stocks, funds, or ETFs


Algonquin Power & Utilities Corp.

Sunnova Energy International Inc.

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AQN.TO
Algonquin Power & Utilities Corp.
-0.68
NOVA
Sunnova Energy International Inc.
-0.66

AQN.TO vs. NOVA - Sharpe Ratio Comparison

The current AQN.TO Sharpe Ratio is -0.68, which roughly equals the NOVA Sharpe Ratio of -0.66. The chart below compares the 12-month rolling Sharpe Ratio of AQN.TO and NOVA.


Rolling 12-month Sharpe Ratio-1.00-0.500.00OctoberNovemberDecember2024FebruaryMarch
-0.68
-0.66
AQN.TO
NOVA

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.


TTM20232022202120202019201820172016201520142013
AQN.TO
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%
NOVA
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


-90.00%-80.00%-70.00%-60.00%OctoberNovemberDecember2024FebruaryMarch
-57.46%
-88.97%
AQN.TO
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.


10.00%20.00%30.00%40.00%50.00%OctoberNovemberDecember2024FebruaryMarch
9.34%
35.64%
AQN.TO
NOVA