BLX.TO vs. INE.TO
Compare and contrast key facts about Boralex Inc. (BLX.TO) and Innergex Renewable Energy Inc. (INE.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLX.TO or INE.TO.
Key characteristics
| BLX.TO | INE.TO | |
|---|---|---|
| YTD Return | -1.04% | -2.68% |
| 1Y Return | 11.85% | -4.99% |
| 3Y Return (Ann) | -2.96% | -19.91% |
| 5Y Return (Ann) | 9.00% | -8.76% |
| 10Y Return (Ann) | 12.50% | 2.55% |
| Sharpe Ratio | 0.65 | 0.05 |
| Sortino Ratio | 1.19 | 0.35 |
| Omega Ratio | 1.13 | 1.04 |
| Calmar Ratio | 0.37 | 0.02 |
| Martin Ratio | 1.79 | 0.15 |
| Ulcer Index | 10.13% | 10.92% |
| Daily Std Dev | 27.95% | 36.03% |
| Max Drawdown | -73.68% | -79.81% |
| Current Drawdown | -36.65% | -68.03% |
Fundamentals
| BLX.TO | INE.TO | |
|---|---|---|
| Market Cap | CA$3.39B | CA$1.78B |
| EPS | CA$0.92 | -CA$0.65 |
| PEG Ratio | 2.22 | 2.25 |
| Total Revenue (TTM) | CA$781.00M | CA$990.26M |
| Gross Profit (TTM) | CA$346.00M | CA$716.47M |
| EBITDA (TTM) | CA$488.00M | CA$496.48M |
Correlation
The correlation between BLX.TO and INE.TO is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BLX.TO vs. INE.TO - Performance Comparison
In the year-to-date period, BLX.TO achieves a -1.04% return, which is significantly higher than INE.TO's -2.68% return. Over the past 10 years, BLX.TO has outperformed INE.TO with an annualized return of 12.50%, while INE.TO has yielded a comparatively lower 2.55% annualized 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
BLX.TO vs. INE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Boralex Inc. (BLX.TO) and Innergex Renewable Energy Inc. (INE.TO). 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.
Dividends
BLX.TO vs. INE.TO - Dividend Comparison
BLX.TO's dividend yield for the trailing twelve months is around 2.07%, less than INE.TO's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX.TO Boralex Inc. | 2.07% | 2.02% | 1.70% | 1.96% | 1.44% | 2.72% | 3.74% | 2.55% | 2.87% | 3.60% | 4.05% | 0.00% |
INE.TO Innergex Renewable Energy Inc. | 5.18% | 7.83% | 4.44% | 3.87% | 2.63% | 4.15% | 5.42% | 4.58% | 4.56% | 5.47% | 5.28% | 5.47% |
Drawdowns
BLX.TO vs. INE.TO - Drawdown Comparison
The maximum BLX.TO drawdown since its inception was -73.68%, smaller than the maximum INE.TO drawdown of -79.81%. Use the drawdown chart below to compare losses from any high point for BLX.TO and INE.TO. For additional features, visit the drawdowns tool.
Volatility
BLX.TO vs. INE.TO - Volatility Comparison
Boralex Inc. (BLX.TO) and Innergex Renewable Energy Inc. (INE.TO) have volatilities of 9.32% and 9.55%, 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.
Financials
BLX.TO vs. INE.TO - Financials Comparison
This section allows you to compare key financial metrics between Boralex Inc. and Innergex Renewable Energy 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