AQN vs. COHR
AQN (Algonquin Power & Utilities Corp) and COHR (Coherent, Inc.) are both stocks. AQN operates in Utilities - Renewable (Utilities), while COHR operates in Scientific & Technical Instruments (Technology). Over the past 10 years, AQN returned 1.06%/yr vs 33.76%/yr for COHR. At a 0.18 correlation, their price movements are largely independent.
Performance
AQN vs. COHR - Performance Comparison
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Returns By Period
In the year-to-date period, AQN achieves a -1.23% return, which is significantly lower than COHR's 104.25% return. Over the past 10 years, AQN has underperformed COHR with an annualized return of 1.06%, while COHR has yielded a comparatively higher 33.76% annualized return.
AQN
- 1D
- 1.18%
- 1M
- -5.06%
- YTD
- -1.23%
- 6M
- 4.75%
- 1Y
- 7.61%
- 3Y*
- -6.29%
- 5Y*
- -12.55%
- 10Y*
- 1.06%
COHR
- 1D
- -10.64%
- 1M
- 9.38%
- YTD
- 104.25%
- 6M
- 107.38%
- 1Y
- 373.31%
- 3Y*
- 114.70%
- 5Y*
- 40.34%
- 10Y*
- 33.76%
AQN vs. COHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | -1.23% | 44.80% | -25.01% | 2.92% | -51.72% | -8.25% | 21.54% | 46.99% | -5.28% | 37.60% |
COHR Coherent, Inc. | 104.25% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
Correlation
The correlation between AQN and COHR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2009 | 0.18 |
Fundamentals
AQN:
$0.22
COHR:
$1.64K
AQN:
27.50
COHR:
0.23
AQN:
0.21
COHR:
0.04
AQN:
1.85
COHR:
0.02
AQN:
$2.51B
COHR:
$1.81T
AQN:
$1.48B
COHR:
$1.76B
AQN:
$958.41M
COHR:
$960.76M
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Return for Risk
AQN vs. COHR — Risk / Return Rank
AQN
COHR
AQN vs. COHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and Coherent, Inc. (COHR). 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.
| AQN | COHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.56 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 14.19 | -13.73 |
| Martin ratioReturn relative to average drawdown | 1.09 | 39.64 | -38.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AQN | COHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 5.21 | -4.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.66 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.60 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.32 | 0.00 |
Drawdowns
AQN vs. COHR - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.73%, smaller than the maximum COHR drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for AQN and COHR.
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Drawdown Indicators
| AQN | COHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -80.89% | +11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -26.52% | +9.78% |
Max Drawdown (3Y)Largest decline over 3 years | -45.71% | -54.85% | +9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -68.21% | -62.87% | -5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -69.73% | -72.22% | +2.49% |
Current DrawdownCurrent decline from peak | -54.64% | -11.69% | -42.95% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -35.03% | +16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.01% | 9.47% | -2.46% |
Volatility
AQN vs. COHR - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp (AQN) is 6.20%, while Coherent, Inc. (COHR) has a volatility of 29.13%. This indicates that AQN experiences smaller price fluctuations and is considered to be less risky than COHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQN | COHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 29.13% | -22.93% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 55.68% | -37.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.02% | 72.34% | -48.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 61.28% | -30.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.97% | 56.37% | -28.40% |
Dividends
AQN vs. COHR - Dividend Comparison
AQN's dividend yield for the trailing twelve months is around 4.33%, while COHR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | 4.33% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
COHR Coherent, 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% |
Financials
AQN vs. COHR - Financials Comparison
This section allows you to compare key financial metrics between Algonquin Power & Utilities Corp and Coherent, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AQN vs. COHR - Profitability Comparison
AQN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp reported a gross profit of 170.41M and revenue of 773.53M. Therefore, the gross margin over that period was 22.0%.
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
AQN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp reported an operating income of 170.41M and revenue of 773.53M, resulting in an operating margin of 22.0%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
AQN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp reported a net income of 85.01M and revenue of 773.53M, resulting in a net margin of 11.0%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
Frequently Asked Questions
AQN and COHR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (29.13%) compared to AQN (6.20%). In terms of maximum drawdown, AQN dropped -69.73% vs COHR's -80.89%.
COHR currently has the higher Sharpe Ratio (5.21 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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