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.
Key characteristics
| AQNU | ^TNX | |
|---|---|---|
| YTD Return | 8.48% | 15.44% |
| 1Y Return | -13.40% | 26.75% |
| Sharpe Ratio | -0.44 | 1.16 |
| Daily Std Dev | 29.07% | 25.34% |
| Max Drawdown | -56.32% | -93.78% |
| Current Drawdown | -40.52% | -44.37% |
Correlation
The correlation between AQNU and ^TNX is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AQNU vs. ^TNX - Performance Comparison
In the year-to-date period, AQNU achieves a 8.48% return, which is significantly lower than ^TNX's 15.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Drawdowns
AQNU vs. ^TNX - Drawdown Comparison
The maximum AQNU drawdown since its inception was -56.32%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for AQNU and ^TNX. For additional features, visit the drawdowns tool.
Volatility
AQNU vs. ^TNX - Volatility Comparison
Algonquin Power & Utilities Corp. (AQNU) has a higher volatility of 8.92% compared to Treasury Yield 10 Years (^TNX) at 7.34%. This indicates that AQNU's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.