ASTLW vs. ASTL
ASTLW (Algoma Steel Group Inc. Warrant) and ASTL (Algoma Steel Group Inc.) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 3 years, ASTLW returned -71.82%/yr vs -13.21%/yr for ASTL. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
ASTLW vs. ASTL - Performance Comparison
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Returns By Period
In the year-to-date period, ASTLW achieves a -60.00% return, which is significantly lower than ASTL's 4.63% return.
ASTLW
- 1D
- -13.04%
- 1M
- 7.14%
- YTD
- -60.00%
- 6M
- -70.30%
- 1Y
- -94.55%
- 3Y*
- -71.82%
- 5Y*
- —
- 10Y*
- —
ASTL
- 1D
- -5.09%
- 1M
- -9.30%
- YTD
- 4.63%
- 6M
- 0.00%
- 1Y
- -36.91%
- 3Y*
- -13.21%
- 5Y*
- —
- 10Y*
- —
ASTLW vs. ASTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASTLW Algoma Steel Group Inc. Warrant | -60.00% | -95.00% | -18.48% | 59.31% | -59.62% | -5.61% |
ASTL Algoma Steel Group Inc. | 4.63% | -57.40% | -0.25% | 62.49% | -39.91% | -9.92% |
Correlation
The correlation between ASTLW and ASTL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | 0.54 |
Over the past year, the correlation between ASTLW and ASTL has dropped to 0.32 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
Fundamentals
ASTLW:
$3.15M
ASTL:
$450.17M
ASTLW:
-CA$9.17
ASTL:
-CA$9.17
ASTLW:
0.00
ASTL:
0.31
ASTLW:
0.01
ASTL:
1.30
ASTLW:
CA$2.09B
ASTL:
CA$2.09B
ASTLW:
-CA$655.19M
ASTL:
-CA$655.19M
ASTLW:
-CA$442.87M
ASTL:
-CA$442.87M
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Return for Risk
ASTLW vs. ASTL — Risk / Return Rank
ASTLW
ASTL
ASTLW vs. ASTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algoma Steel Group Inc. Warrant (ASTLW) and Algoma Steel Group Inc. (ASTL). 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.
| ASTLW | ASTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.94 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.67 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.02 | -0.26 |
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Drawdowns
ASTLW vs. ASTL - Drawdown Comparison
The maximum ASTLW drawdown since its inception was -99.37%, which is greater than ASTL's maximum drawdown of -73.16%. Use the drawdown chart below to compare losses from any high point for ASTLW and ASTL.
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Drawdown Indicators
| ASTLW | ASTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.37% | -73.16% | -26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -95.83% | -55.13% | -40.70% |
Max Drawdown (3Y)Largest decline over 3 years | -98.95% | -72.88% | -26.07% |
Current DrawdownCurrent decline from peak | -99.24% | -63.90% | -35.34% |
Average DrawdownAverage peak-to-trough decline | -68.05% | -39.45% | -28.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.10% | 36.27% | +37.83% |
Volatility
ASTLW vs. ASTL - Volatility Comparison
Algoma Steel Group Inc. Warrant (ASTLW) has a higher volatility of 90.67% compared to Algoma Steel Group Inc. (ASTL) at 19.81%. This indicates that ASTLW's price experiences larger fluctuations and is considered to be riskier than ASTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASTLW | ASTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 90.67% | 19.81% | +70.86% |
Volatility (6M)Calculated over the trailing 6-month period | 154.21% | 48.27% | +105.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 210.38% | 67.38% | +143.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 132.72% | 51.74% | +80.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 132.72% | 51.74% | +80.98% |
Dividends
ASTLW vs. ASTL - Dividend Comparison
Neither ASTLW nor ASTL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ASTL Algoma Steel Group Inc. | 0.00% | 2.44% | 2.04% | 1.99% | 3.15% |
ASTLW Algoma Steel Group Inc. Warrant | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ASTLW vs. ASTL - Financials Comparison
This section allows you to compare key financial metrics between Algoma Steel Group Inc. Warrant and Algoma Steel Group 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
ASTLW vs. ASTL - Profitability Comparison
ASTLW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. Warrant reported a gross profit of -384.69M and revenue of 454.63M. Therefore, the gross margin over that period was -84.6%.
ASTL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. reported a gross profit of -384.69M and revenue of 454.63M. Therefore, the gross margin over that period was -84.6%.
ASTLW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. Warrant reported an operating income of -403.57M and revenue of 454.63M, resulting in an operating margin of -88.8%.
ASTL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. reported an operating income of -403.57M and revenue of 454.63M, resulting in an operating margin of -88.8%.
ASTLW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. Warrant reported a net income of -364.40M and revenue of 454.63M, resulting in a net margin of -80.2%.
ASTL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. reported a net income of -364.40M and revenue of 454.63M, resulting in a net margin of -80.2%.
Frequently Asked Questions
ASTLW and ASTL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTLW has higher volatility (90.67%) compared to ASTL (19.81%). In terms of maximum drawdown, ASTLW dropped -99.37% vs ASTL's -73.16%.
ASTLW currently has the higher Sharpe Ratio (-0.45 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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