AQN vs. ^GSPC
Compare and contrast key facts about Algonquin Power & Utilities Corp (AQN) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQN or ^GSPC.
Correlation
The correlation between AQN and ^GSPC 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 vs. ^GSPC - Performance Comparison
Key characteristics
AQN:
-0.36
^GSPC:
1.62
AQN:
-0.29
^GSPC:
2.20
AQN:
0.96
^GSPC:
1.30
AQN:
-0.15
^GSPC:
2.46
AQN:
-0.55
^GSPC:
10.01
AQN:
19.41%
^GSPC:
2.08%
AQN:
30.09%
^GSPC:
12.88%
AQN:
-69.70%
^GSPC:
-56.78%
AQN:
-64.62%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, AQN achieves a 11.46% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, AQN has underperformed ^GSPC with an annualized return of 0.12%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
AQN
11.46%
12.73%
-5.34%
-9.69%
-17.17%
0.12%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
AQN vs. ^GSPC — Risk-Adjusted Performance Rank
AQN
^GSPC
AQN vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and S&P 500 (^GSPC). 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.
Drawdowns
AQN vs. ^GSPC - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.70%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AQN and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
AQN vs. ^GSPC - Volatility Comparison
Algonquin Power & Utilities Corp (AQN) has a higher volatility of 7.93% compared to S&P 500 (^GSPC) at 3.43%. This indicates that AQN's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.