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 -0.20. 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
Key characteristics
Returns By Period
AQNU
N/A
N/A
N/A
N/A
N/A
N/A
^TNX
-2.21%
-2.97%
14.90%
4.12%
23.59%
7.81%
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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 5.47%. 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.