ARX.TO vs. EMA
ARX.TO (ARC Resources Ltd.) and EMA (Emera Inc) are both stocks. ARX.TO operates in Oil & Gas E&P (Energy), while EMA operates in Utilities - Regulated Electric (Utilities). Over the past year, ARX.TO returned 20.92% vs 26.80% for EMA. At a correlation of -0.05, they often move in opposite directions.
Performance
ARX.TO vs. EMA - Performance Comparison
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Different Trading Currencies
ARX.TO is traded in CAD, while EMA is traded in USD. To make them comparable, the EMA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARX.TO achieves a 25.78% return, which is significantly higher than EMA's 15.36% return.
ARX.TO
- 1D
- -1.05%
- 1M
- 7.77%
- 6M
- 33.83%
- YTD
- 25.78%
- 1Y
- 20.92%
- 3Y*
- 22.20%
- 5Y*
- 31.03%
- 10Y*
- 7.30%
- ALL TIME*
- 5.91%
EMA
- 1D
- -1.52%
- 1M
- 4.32%
- 6M
- 13.82%
- YTD
- 15.36%
- 1Y
- 26.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.38%
ARX.TO vs. EMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARX.TO ARC Resources Ltd. | 25.78% | -10.79% |
EMA Emera Inc | 15.36% | 10.24% |
Correlation
The correlation between ARX.TO and EMA is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 28, 2025 | -0.05 |
Fundamentals
ARX.TO:
CA$18.09B
EMA:
$16.62B
ARX.TO:
CA$2.53
EMA:
CA$3.55
ARX.TO:
12.62
EMA:
21.57
ARX.TO:
0.36
EMA:
0.68
ARX.TO:
2.80
EMA:
2.69
ARX.TO:
2.11
EMA:
2.53
ARX.TO:
CA$6.56B
EMA:
CA$8.59B
ARX.TO:
CA$2.75B
EMA:
CA$2.83B
ARX.TO:
CA$3.64B
EMA:
CA$2.56B
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Return for Risk
ARX.TO vs. EMA — Risk / Return Rank
ARX.TO
EMA
ARX.TO vs. EMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARC Resources Ltd. (ARX.TO) and Emera Inc (EMA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARX.TO | EMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 4.68 | -3.43 |
| Martin ratioReturn relative to average drawdown | 2.74 | 11.83 | -9.09 |
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Drawdowns
ARX.TO vs. EMA - Drawdown Comparison
The maximum ARX.TO drawdown since its inception was -89.08%, which is greater than EMA's maximum drawdown of -5.76%. Use the drawdown chart below to compare losses from any high point for ARX.TO and EMA.
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Drawdown Indicators
| ARX.TO | EMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -5.76% | -83.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -5.76% | -11.05% |
Max Drawdown (3Y)Largest decline over 3 years | -25.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.80% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -1.52% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -29.37% | -1.84% | -27.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 2.27% | +5.40% |
Volatility
ARX.TO vs. EMA - Volatility Comparison
ARC Resources Ltd. (ARX.TO) and Emera Inc (EMA) have volatilities of 5.59% and 5.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARX.TO | EMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 5.42% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 28.92% | 11.64% | +17.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.58% | 14.82% | +20.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 14.80% | +21.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.45% | 14.80% | +25.65% |
Dividends
ARX.TO vs. EMA - Dividend Comparison
ARX.TO's dividend yield for the trailing twelve months is around 2.57%, less than EMA's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARX.TO ARC Resources Ltd. | 2.57% | 3.03% | 2.69% | 3.36% | 2.68% | 2.49% | 5.00% | 7.33% | 7.41% | 4.07% | 2.81% | 7.19% |
EMA Emera Inc | 3.91% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ARX.TO vs. EMA - Financials Comparison
This section allows you to compare key financial metrics between ARC Resources Ltd. and Emera Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARX.TO vs. EMA - Profitability Comparison
ARX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, ARC Resources Ltd. reported a gross profit of 1.11B and revenue of 2.12B. Therefore, the gross margin over that period was 52.6%.
EMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Emera Inc reported a gross profit of 756.95M and revenue of 2.48B. Therefore, the gross margin over that period was 30.5%.
ARX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, ARC Resources Ltd. reported an operating income of 663.70M and revenue of 2.12B, resulting in an operating margin of 31.4%.
EMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Emera Inc reported an operating income of 626.62M and revenue of 2.48B, resulting in an operating margin of 25.3%.
ARX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, ARC Resources Ltd. reported a net income of 584.30M and revenue of 2.12B, resulting in a net margin of 27.6%.
EMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Emera Inc reported a net income of 583.50M and revenue of 2.48B, resulting in a net margin of 23.5%.
Frequently Asked Questions
ARX.TO and EMA have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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