Correlation
The correlation between AQNU and ^TNX is 0.33, 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.
AQNU vs. ^TNX
Compare and contrast key facts about Algonquin Power & Utilities Corp. (AQNU) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQNU or ^TNX.
Performance
AQNU vs. ^TNX - Performance Comparison
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Key characteristics
Returns By Period
AQNU
N/A
N/A
N/A
N/A
N/A
N/A
N/A
^TNX
-3.26%
5.91%
5.89%
-2.85%
17.27%
46.84%
7.27%
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Risk-Adjusted Performance
AQNU vs. ^TNX — Risk-Adjusted Performance Rank
AQNU
^TNX
AQNU vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp. (AQNU) and Treasury Yield 10 Years (^TNX). 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.
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Drawdowns
AQNU vs. ^TNX - Drawdown Comparison
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Volatility
AQNU vs. ^TNX - Volatility Comparison
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