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.
Correlation
The correlation between AQNU and ^TNX 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
AQNU vs. ^TNX - Performance Comparison
Key characteristics
Returns By Period
AQNU
N/A
N/A
N/A
N/A
N/A
N/A
^TNX
-7.48%
0.83%
-2.98%
-7.44%
45.98%
6.90%
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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.
Drawdowns
AQNU vs. ^TNX - Drawdown Comparison
Volatility
AQNU vs. ^TNX - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp. (AQNU) is 0.00%, while Treasury Yield 10 Years (^TNX) has a volatility of 9.04%. This indicates that AQNU experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.