AQN vs. GGRO.TO
AQN (Algonquin Power & Utilities Corp) is a stock, while GGRO.TO (iShares ESG Growth ETF Portfolio) is Diversified Portfolio fund actively managed by iShares. Over the past 5 years, AQN returned -12.99%/yr vs 8.35%/yr for GGRO.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
AQN vs. GGRO.TO - Performance Comparison
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Different Trading Currencies
AQN is traded in USD, while GGRO.TO is traded in CAD. To make them comparable, the GGRO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AQN achieves a -1.40% return, which is significantly lower than GGRO.TO's 10.98% return.
AQN
- 1D
- 1.01%
- 1M
- 4.35%
- YTD
- -1.40%
- 6M
- 2.99%
- 1Y
- 7.06%
- 3Y*
- -5.53%
- 5Y*
- -12.99%
- 10Y*
- 0.81%
GGRO.TO
- 1D
- 1.47%
- 1M
- 3.86%
- YTD
- 10.98%
- 6M
- 9.47%
- 1Y
- 21.87%
- 3Y*
- 16.82%
- 5Y*
- 8.35%
- 10Y*
- —
AQN vs. GGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | -1.40% | 44.80% | -25.01% | 2.92% | -51.72% | -8.25% | 20.66% |
GGRO.TO iShares ESG Growth ETF Portfolio | 10.98% | 19.71% | 11.09% | 22.07% | -19.23% | 15.59% | 10.82% |
Correlation
The correlation between AQN and GGRO.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.21 |
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Return for Risk
AQN vs. GGRO.TO — Risk / Return Rank
AQN
GGRO.TO
AQN vs. GGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and iShares ESG Growth ETF Portfolio (GGRO.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQN | GGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.51 | -2.09 |
| Martin ratioReturn relative to average drawdown | 0.97 | 10.04 | -9.07 |
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Drawdowns
AQN vs. GGRO.TO - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.73%, which is greater than GGRO.TO's maximum drawdown of -28.93%. Use the drawdown chart below to compare losses from any high point for AQN and GGRO.TO.
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Drawdown Indicators
| AQN | GGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -28.93% | -40.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -8.76% | -7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -44.91% | -15.11% | -29.80% |
Max Drawdown (5Y)Largest decline over 5 years | -68.21% | -28.93% | -39.28% |
Max Drawdown (10Y)Largest decline over 10 years | -69.73% | — | — |
Current DrawdownCurrent decline from peak | -54.71% | -0.06% | -54.65% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -7.07% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 2.18% | +5.14% |
Volatility
AQN vs. GGRO.TO - Volatility Comparison
Algonquin Power & Utilities Corp (AQN) has a higher volatility of 5.41% compared to iShares ESG Growth ETF Portfolio (GGRO.TO) at 4.71%. This indicates that AQN's price experiences larger fluctuations and is considered to be riskier than GGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQN | GGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 4.71% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 11.04% | +7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 13.41% | +10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.56% | 16.58% | +13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 17.65% | +10.33% |
Dividends
AQN vs. GGRO.TO - Dividend Comparison
AQN's dividend yield for the trailing twelve months is around 4.33%, more than GGRO.TO's 1.37% yield.
| 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% |
GGRO.TO iShares ESG Growth ETF Portfolio | 1.37% | 1.52% | 1.63% | 1.89% | 1.69% | 1.44% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AQN and GGRO.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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