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 0.35, 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:
0.03
^GSPC:
0.24
AQN:
0.25
^GSPC:
0.47
AQN:
1.03
^GSPC:
1.07
AQN:
0.02
^GSPC:
0.24
AQN:
0.05
^GSPC:
1.08
AQN:
21.25%
^GSPC:
4.25%
AQN:
30.52%
^GSPC:
19.00%
AQN:
-69.70%
^GSPC:
-56.78%
AQN:
-60.92%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, AQN achieves a 23.11% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, AQN has underperformed ^GSPC with an annualized return of 1.10%, while ^GSPC has yielded a comparatively higher 9.65% annualized return.
AQN
23.11%
6.59%
7.32%
-3.38%
-12.61%
1.10%
^GSPC
-10.18%
-6.71%
-9.92%
6.35%
13.40%
9.65%
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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
The current volatility for Algonquin Power & Utilities Corp (AQN) is 12.09%, while S&P 500 (^GSPC) has a volatility of 13.60%. This indicates that AQN experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.