AQN vs. SPY
Compare and contrast key facts about Algonquin Power & Utilities Corp (AQN) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQN or SPY.
Correlation
The correlation between AQN and SPY 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. SPY - Performance Comparison
Key characteristics
AQN:
-0.42
SPY:
1.87
AQN:
-0.38
SPY:
2.52
AQN:
0.95
SPY:
1.35
AQN:
-0.18
SPY:
2.81
AQN:
-0.65
SPY:
11.69
AQN:
19.31%
SPY:
2.02%
AQN:
30.10%
SPY:
12.65%
AQN:
-69.70%
SPY:
-55.19%
AQN:
-64.69%
SPY:
0.00%
Returns By Period
In the year-to-date period, AQN achieves a 11.24% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, AQN has underperformed SPY with an annualized return of 0.17%, while SPY has yielded a comparatively higher 13.23% annualized return.
AQN
11.24%
12.24%
-3.74%
-10.94%
-17.23%
0.17%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
AQN vs. SPY — Risk-Adjusted Performance Rank
AQN
SPY
AQN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and SPDR S&P 500 ETF (SPY). 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.
Dividends
AQN vs. SPY - Dividend Comparison
AQN's dividend yield for the trailing twelve months is around 7.03%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | 7.03% | 7.82% | 6.90% | 10.95% | 4.62% | 3.68% | 3.89% | 4.99% | 4.19% | 4.88% | 4.76% | 4.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AQN vs. SPY - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.70%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AQN and SPY. For additional features, visit the drawdowns tool.
Volatility
AQN vs. SPY - Volatility Comparison
Algonquin Power & Utilities Corp (AQN) has a higher volatility of 8.14% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that AQN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.