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:
-0.85
^GSPC:
2.10
AQN:
-1.07
^GSPC:
2.80
AQN:
0.87
^GSPC:
1.39
AQN:
-0.37
^GSPC:
3.09
AQN:
-1.63
^GSPC:
13.49
AQN:
15.97%
^GSPC:
1.94%
AQN:
30.38%
^GSPC:
12.52%
AQN:
-69.72%
^GSPC:
-56.78%
AQN:
-69.16%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, AQN achieves a -27.10% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, AQN has underperformed ^GSPC with an annualized return of -1.32%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
AQN
-27.10%
-6.79%
-21.59%
-26.78%
-16.42%
-1.32%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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 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 -69.72%, 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 8.17% compared to S&P 500 (^GSPC) at 3.79%. 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.