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:
-0.28
^GSPC:
0.69
AQN:
-0.18
^GSPC:
0.99
AQN:
0.98
^GSPC:
1.13
AQN:
-0.12
^GSPC:
0.93
AQN:
-0.40
^GSPC:
3.33
AQN:
20.51%
^GSPC:
2.84%
AQN:
29.59%
^GSPC:
13.70%
AQN:
-69.70%
^GSPC:
-56.78%
AQN:
-63.55%
^GSPC:
-7.76%
Returns By Period
In the year-to-date period, AQN achieves a 14.83% return, which is significantly higher than ^GSPC's -3.64% return. Over the past 10 years, AQN has underperformed ^GSPC with an annualized return of 1.39%, while ^GSPC has yielded a comparatively higher 10.51% annualized return.
AQN
14.83%
3.23%
-4.95%
-10.63%
-9.72%
1.39%
^GSPC
-3.64%
-7.76%
-0.61%
8.13%
19.77%
10.51%
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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
Algonquin Power & Utilities Corp (AQN) has a higher volatility of 7.89% compared to S&P 500 (^GSPC) at 5.85%. 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.