AQNB vs. ET

Last updated Apr 2, 2026

Compare and contrast key facts about Algonquin Power & Utilities Cor (AQNB) and Energy Transfer LP (ET).

Performance

AQNB vs. ET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Algonquin Power & Utilities Cor (AQNB) and Energy Transfer LP (ET). The values are adjusted to include any dividend payments, if applicable.

AQNB vs. ET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AQNB Algonquin Power & Utilities Cor	4.15%	9.79%	12.88%	20.80%	-16.42%	2.20%	5.70%	14.33%
ET Energy Transfer LP	17.51%	-9.37%	53.87%	27.87%	55.74%	42.96%	-44.92%	-6.28%

Fundamentals

Market Cap AQNB : $20.09B ET : $69.42B
EPS AQNB : -$1.78 ET : $1.37
PS Ratio AQNB : 8.45 ET : 0.82
PB Ratio AQNB : 4.47 ET : 1.42
Total Revenue (TTM) AQNB : $2.38B ET : $82.63B
Gross Profit (TTM) AQNB : $885.89M ET : $18.01B
EBITDA (TTM) AQNB : $808.91M ET : $14.93B

Returns By Period

In the year-to-date period, AQNB achieves a 4.15% return, which is significantly lower than ET's 17.51% return.

AQNB

• 1D: -0.27%
• 1M: 2.26%
• YTD: 4.15%
• 6M: 5.72%
• 1Y: 11.82%
• 3Y*: 12.08%
• 5Y*: 6.17%
• 10Y*: —

ET

• 1D: -1.45%
• 1M: -0.42%
• YTD: 17.51%
• 6M: 16.34%
• 1Y: 9.61%
• 3Y*: 24.91%
• 5Y*: 29.13%
• 10Y*: 20.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AQNB vs. ET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AQNB

AQNB Risk / Return Rank: 88
AQNB Sharpe Ratio Rank: 86
AQNB Sortino Ratio Rank: 84
AQNB Omega Ratio Rank: 88
AQNB Calmar Ratio Rank: 91
AQNB Martin Ratio Rank: 92

ET

ET Risk / Return Rank: 53
ET Sharpe Ratio Rank: 55
ET Sortino Ratio Rank: 47
ET Omega Ratio Rank: 48
ET Calmar Ratio Rank: 56
ET Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	AQNB	ET	Difference
Sharpe ratio Return per unit of total volatility	1.65	0.41	+1.24
Sortino ratio Return per unit of downside risk	2.43	0.72	+1.71
Omega ratio Gain probability vs. loss probability	1.38	1.10	+0.28
Calmar ratio Return relative to maximum drawdown	4.45	0.60	+3.85
Martin ratio Return relative to average drawdown	13.35	1.67	+11.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQNB vs. ET - Sharpe Ratio Comparison

The current AQNB Sharpe Ratio is 1.65, which is higher than the ET Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of AQNB and ET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AQNB	ET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	0.41	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	1.15	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.35	+0.03

Correlation

The correlation between AQNB and ET is 0.11, 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.

Dividends

AQNB vs. ET - Dividend Comparison

AQNB's dividend yield for the trailing twelve months is around 8.12%, more than ET's 6.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQNB Algonquin Power & Utilities Cor	8.12%	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	6.97%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%

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.

Drawdown Indicators

	AQNB	ET	Difference
Max Drawdown Largest peak-to-trough decline	-42.64%	-87.81%	+45.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-17.33%	+14.61%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-25.82%	+7.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.82%	—
Current Drawdown Current decline from peak	-0.27%	-3.30%	+3.03%
Average Drawdown Average peak-to-trough decline	-3.68%	-25.95%	+22.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	6.24%	-5.33%

Volatility

AQNB vs. ET - Volatility Comparison

The current volatility for Algonquin Power & Utilities Cor (AQNB) is 2.07%, while Energy Transfer LP (ET) has a volatility of 5.02%. 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.

Volatility by Period

	AQNB	ET	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.07%	5.02%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	3.54%	11.78%	-8.24%
Volatility (1Y) Calculated over the trailing 1-year period	7.22%	23.83%	-16.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	25.47%	-13.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	36.63%	-17.89%

Financials

AQNB vs. ET - Profitability Comparison

The chart below illustrates the profitability comparison between Algonquin Power & Utilities Cor and Energy Transfer LP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AQNB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Algonquin Power & Utilities Cor reported a gross profit of 185.80M and revenue of 527.80M. Therefore, the gross margin over that period was 35.2%.

ET - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Energy Transfer LP reported a gross profit of 5.78B and revenue of 22.41B. Therefore, the gross margin over that period was 25.8%.

AQNB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Algonquin Power & Utilities Cor reported an operating income of 64.80M and revenue of 527.80M, resulting in an operating margin of 12.3%.

ET - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Energy Transfer LP reported an operating income of 2.37B and revenue of 22.41B, resulting in an operating margin of 10.6%.

AQNB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Algonquin Power & Utilities Cor reported a net income of 24.10M and revenue of 527.80M, resulting in a net margin of 4.6%.

ET - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Energy Transfer LP reported a net income of 1.46B and revenue of 22.41B, resulting in a net margin of 6.5%.