AQNB vs. ET
AQNB (Algonquin Power & Utilities Cor) and ET (Energy Transfer LP) are both stocks. Over the past 5 years, AQNB returned 5.36%/yr vs 22.47%/yr for ET. At a 0.11 correlation, their price movements are largely independent.
Performance
AQNB vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, AQNB achieves a 3.98% return, which is significantly lower than ET's 23.55% return.
AQNB
- 1D
- -0.14%
- 1M
- -0.43%
- 6M
- 3.57%
- YTD
- 3.98%
- 1Y
- 7.23%
- 3Y*
- 11.01%
- 5Y*
- 5.36%
- 10Y*
- —
ET
- 1D
- -0.66%
- 1M
- 3.09%
- 6M
- 20.13%
- YTD
- 23.55%
- 1Y
- 21.31%
- 3Y*
- 24.40%
- 5Y*
- 22.47%
- 10Y*
- 10.85%
AQNB vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AQNB Algonquin Power & Utilities Cor | 3.98% | 9.79% | 12.88% | 20.80% | -16.42% | 2.20% | 5.70% | 14.53% |
ET Energy Transfer LP | 23.55% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | -8.01% |
Correlation
The correlation between AQNB and ET is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 28, 2019 | 0.11 |
The correlation between AQNB and ET shifts across timeframes, from -0.03 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AQNB:
$18.69B
ET:
$67.65B
AQNB:
$0.22
ET:
$1.35
AQNB:
115.63
ET:
14.58
AQNB:
7.77
ET:
0.79
AQNB:
4.40
ET:
1.37
AQNB:
$2.53B
ET:
$89.38B
AQNB:
$934.30M
ET:
$20.48B
AQNB:
$926.80M
ET:
$13.02B
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Return for Risk
AQNB vs. ET — Risk / Return Rank
AQNB
ET
AQNB vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Cor (AQNB) and Energy Transfer LP (ET). 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.
| AQNB | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.51 | +0.54 |
| Martin ratioReturn relative to average drawdown | 8.52 | 5.46 | +3.06 |
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Drawdowns
AQNB vs. ET - Drawdown Comparison
The maximum AQNB drawdown since its inception was -42.64%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for AQNB and ET.
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Drawdown Indicators
| AQNB | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.64% | -87.81% | +45.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -8.59% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -24.56% | +20.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -24.56% | +6.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.82% | — |
Current DrawdownCurrent decline from peak | -1.34% | -3.58% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -25.65% | +22.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.94% | -3.09% |
Volatility
AQNB vs. ET - Volatility Comparison
The current volatility for Algonquin Power & Utilities Cor (AQNB) is 1.26%, while Energy Transfer LP (ET) has a volatility of 5.11%. This indicates that AQNB experiences smaller price fluctuations and is considered to be less risky than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQNB | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 5.11% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 12.29% | -8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 16.12% | -10.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 24.59% | -13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 34.33% | -15.93% |
Dividends
AQNB vs. ET - Dividend Comparison
AQNB's dividend yield for the trailing twelve months is around 8.14%, more than ET's 6.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQNB Algonquin Power & Utilities Cor | 8.14% | 8.46% | 7.75% | 6.43% | 7.27% | 5.70% | 5.51% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% |
ET Energy Transfer LP | 6.79% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
Financials
AQNB vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Algonquin Power & Utilities Cor and Energy Transfer LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AQNB vs. ET - Profitability Comparison
AQNB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Algonquin Power & Utilities Cor reported a gross profit of 289.00M and revenue of 792.40M. Therefore, the gross margin over that period was 36.5%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
AQNB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Algonquin Power & Utilities Cor reported an operating income of 180.80M and revenue of 792.40M, resulting in an operating margin of 22.8%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
AQNB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Algonquin Power & Utilities Cor reported a net income of 86.20M and revenue of 792.40M, resulting in a net margin of 10.9%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
AQNB and ET have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ET has higher volatility (5.11%) compared to AQNB (1.26%). In terms of maximum drawdown, AQNB dropped -42.64% vs ET's -87.81%.
ET currently has the higher Sharpe Ratio (1.34 vs 1.30), 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.
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