AQN vs. TSDD
AQN (Algonquin Power & Utilities Corp) is a stock, while TSDD (GraniteShares 2x Short TSLA Daily ETF) is Inverse Equities fund actively managed by GraniteShares. Over the past year, AQN returned 7.06% vs -63.05% for TSDD. At a correlation of -0.17, they often move in opposite directions.
Performance
AQN vs. TSDD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AQN achieves a -1.40% return, which is significantly higher than TSDD's -1.55% 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%
TSDD
- 1D
- -2.06%
- 1M
- 0.66%
- YTD
- -1.55%
- 6M
- 8.10%
- 1Y
- -63.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AQN vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | -1.40% | 44.80% | -25.01% | -8.98% |
TSDD GraniteShares 2x Short TSLA Daily ETF | -1.55% | -74.84% | -89.21% | -20.49% |
Correlation
The correlation between AQN and TSDD is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AQN vs. TSDD — Risk / Return Rank
AQN
TSDD
AQN vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and GraniteShares 2x Short TSLA Daily ETF (TSDD). 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 | TSDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.90 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -0.87 | +1.30 |
| Martin ratioReturn relative to average drawdown | 0.97 | -1.13 | +2.10 |
Loading charts...
Drawdowns
AQN vs. TSDD - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.73%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for AQN and TSDD.
Loading charts...
Drawdown Indicators
| AQN | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -99.03% | +29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -72.39% | +55.65% |
Max Drawdown (3Y)Largest decline over 3 years | -44.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -68.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.73% | — | — |
Current DrawdownCurrent decline from peak | -54.71% | -98.87% | +44.16% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -71.42% | +53.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 55.75% | -48.43% |
Volatility
AQN vs. TSDD - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp (AQN) is 5.41%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 28.08%. This indicates that AQN experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AQN | TSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 28.08% | -22.67% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 57.62% | -38.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 88.83% | -64.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.56% | 114.45% | -83.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 114.45% | -86.47% |
Dividends
AQN vs. TSDD - Dividend Comparison
AQN's dividend yield for the trailing twelve months is around 4.33%, less than TSDD's 8.55% 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% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.55% | 8.42% | 0.00% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AQN and TSDD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (28.08%) compared to AQN (5.41%). In terms of maximum drawdown, AQN dropped -69.73% vs TSDD's -99.03%.
AQN currently has the higher Sharpe Ratio (0.30 vs -0.71), 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.
Find the right allocation for AQN and TSDD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer