AQN vs. TPRF.TO
AQN (Algonquin Power & Utilities Corp) is a stock, while TPRF.TO (TD Active Preferred Share ETF) is Preferred Stock/Convertible Bonds fund actively managed by TD. Over the past 5 years, AQN returned -12.99%/yr vs 5.64%/yr for TPRF.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
AQN vs. TPRF.TO - Performance Comparison
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Different Trading Currencies
AQN is traded in USD, while TPRF.TO is traded in CAD. To make them comparable, the TPRF.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 TPRF.TO's 2.81% 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%
TPRF.TO
- 1D
- 0.06%
- 1M
- -1.49%
- YTD
- 2.81%
- 6M
- 4.64%
- 1Y
- 14.07%
- 3Y*
- 16.75%
- 5Y*
- 5.64%
- 10Y*
- —
AQN vs. TPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | -1.40% | 44.80% | -25.01% | 2.92% | -51.72% | -8.25% | 21.54% | 46.99% | -3.42% |
TPRF.TO TD Active Preferred Share ETF | 2.81% | 23.86% | 18.63% | 8.10% | -20.50% | 31.85% | 7.20% | 16.81% | -16.77% |
Correlation
The correlation between AQN and TPRF.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.11 |
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Return for Risk
AQN vs. TPRF.TO — Risk / Return Rank
AQN
TPRF.TO
AQN vs. TPRF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and TD Active Preferred Share ETF (TPRF.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 | TPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.43 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 4.02 | -3.60 |
| Martin ratioReturn relative to average drawdown | 0.97 | 14.58 | -13.61 |
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Drawdowns
AQN vs. TPRF.TO - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.73%, which is greater than TPRF.TO's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for AQN and TPRF.TO.
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Drawdown Indicators
| AQN | TPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -49.52% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -3.51% | -13.23% |
Max Drawdown (3Y)Largest decline over 3 years | -44.91% | -11.55% | -33.36% |
Max Drawdown (5Y)Largest decline over 5 years | -68.21% | -29.88% | -38.33% |
Max Drawdown (10Y)Largest decline over 10 years | -69.73% | — | — |
Current DrawdownCurrent decline from peak | -54.71% | -1.82% | -52.89% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -9.51% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 0.97% | +6.35% |
Volatility
AQN vs. TPRF.TO - Volatility Comparison
Algonquin Power & Utilities Corp (AQN) has a higher volatility of 5.41% compared to TD Active Preferred Share ETF (TPRF.TO) at 1.43%. This indicates that AQN's price experiences larger fluctuations and is considered to be riskier than TPRF.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 | TPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 1.43% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 4.11% | +14.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 6.07% | +18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.56% | 11.96% | +18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 17.22% | +10.76% |
Dividends
AQN vs. TPRF.TO - Dividend Comparison
AQN's dividend yield for the trailing twelve months is around 4.33%, less than TPRF.TO's 4.51% 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% |
TPRF.TO TD Active Preferred Share ETF | 4.51% | 4.36% | 4.56% | 5.74% | 4.99% | 4.04% | 5.09% | 5.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AQN and TPRF.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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