AQN vs. ^GSPC
Compare and contrast key facts about Algonquin Power & Utilities Corp (AQN) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQN or ^GSPC.
Correlation
The correlation between AQN and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
AQN:
-0.39
^GSPC:
1.77
AQN:
-0.33
^GSPC:
2.39
AQN:
0.96
^GSPC:
1.32
AQN:
-0.17
^GSPC:
2.66
AQN:
-0.60
^GSPC:
10.85
AQN:
19.25%
^GSPC:
2.08%
AQN:
30.11%
^GSPC:
12.79%
AQN:
-69.70%
^GSPC:
-56.78%
AQN:
-65.26%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, AQN achieves a 9.44% return, which is significantly higher than ^GSPC's 4.22% return.
AQN
9.44%
10.43%
-4.75%
-13.69%
-17.28%
0.00%
^GSPC
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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Risk-Adjusted Performance
AQN vs. ^GSPC — Risk-Adjusted Performance Rank
AQN
^GSPC
AQN vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) and S&P 500 (^GSPC). 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.
Drawdowns
AQN vs. ^GSPC - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.70%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AQN and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
AQN vs. ^GSPC - Volatility Comparison
Algonquin Power & Utilities Corp (AQN) has a higher volatility of 8.07% compared to S&P 500 (^GSPC) at 3.19%. This indicates that AQN's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.