CAR-UN.TO vs. AQN
CAR-UN.TO (Canadian Apartment Properties Real Estate Investment Trust) and AQN (Algonquin Power & Utilities Corp) are both stocks. CAR-UN.TO operates in REIT - Residential (Real Estate), while AQN operates in Utilities - Renewable (Utilities). Over the past 10 years, CAR-UN.TO returned 4.34%/yr vs 1.60%/yr for AQN. At a 0.24 correlation, their price movements are largely independent.
Performance
CAR-UN.TO vs. AQN - Performance Comparison
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Different Trading Currencies
CAR-UN.TO is traded in CAD, while AQN is traded in USD. To make them comparable, the AQN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CAR-UN.TO achieves a -2.25% return, which is significantly lower than AQN's 0.54% return. Over the past 10 years, CAR-UN.TO has outperformed AQN with an annualized return of 4.34%, while AQN has yielded a comparatively lower 1.60% annualized return.
CAR-UN.TO
- 1D
- -1.03%
- 1M
- 6.53%
- YTD
- -2.25%
- 6M
- -2.28%
- 1Y
- -19.38%
- 3Y*
- -7.85%
- 5Y*
- -6.74%
- 10Y*
- 4.34%
AQN
- 1D
- 0.95%
- 1M
- 6.17%
- YTD
- 0.54%
- 6M
- 4.46%
- 1Y
- 9.96%
- 3Y*
- -3.80%
- 5Y*
- -10.58%
- 10Y*
- 1.60%
CAR-UN.TO vs. AQN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust | -2.25% | -12.32% | -9.85% | 17.89% | -26.56% | 22.96% | -2.97% | 22.93% | 22.52% | 23.53% |
AQN Algonquin Power & Utilities Corp | 0.54% | 38.19% | -18.67% | 0.47% | -48.66% | -8.29% | 18.66% | 40.93% | 2.68% | 28.29% |
Correlation
The correlation between CAR-UN.TO and AQN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2009 | 0.24 |
Fundamentals
CAR-UN.TO:
CA$5.50B
AQN:
$4.64B
CAR-UN.TO:
CA$0.04
AQN:
$0.22
CAR-UN.TO:
846.26
AQN:
27.46
CAR-UN.TO:
1.65
AQN:
0.21
CAR-UN.TO:
5.61
AQN:
1.85
CAR-UN.TO:
0.65
AQN:
1.03
CAR-UN.TO:
CA$997.95M
AQN:
$2.51B
CAR-UN.TO:
CA$593.40M
AQN:
$1.48B
CAR-UN.TO:
CA$282.94M
AQN:
$958.41M
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Return for Risk
CAR-UN.TO vs. AQN — Risk / Return Rank
CAR-UN.TO
AQN
CAR-UN.TO vs. AQN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and Algonquin Power & Utilities Corp (AQN). 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.
| CAR-UN.TO | AQN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.10 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.61 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.20 | 1.43 | -2.62 |
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Drawdowns
CAR-UN.TO vs. AQN - Drawdown Comparison
The maximum CAR-UN.TO drawdown since its inception was -41.12%, smaller than the maximum AQN drawdown of -65.80%. Use the drawdown chart below to compare losses from any high point for CAR-UN.TO and AQN.
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Drawdown Indicators
| CAR-UN.TO | AQN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -65.80% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -26.88% | -16.45% | -10.43% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -40.36% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -39.29% | -63.60% | +24.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -65.80% | +26.51% |
Current DrawdownCurrent decline from peak | -35.33% | -50.19% | +14.86% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -16.81% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.24% | 7.00% | +9.24% |
Volatility
CAR-UN.TO vs. AQN - Volatility Comparison
Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) has a higher volatility of 6.14% compared to Algonquin Power & Utilities Corp (AQN) at 5.65%. This indicates that CAR-UN.TO's price experiences larger fluctuations and is considered to be riskier than AQN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAR-UN.TO | AQN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 5.65% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 18.69% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 24.43% | -6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 31.23% | -10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 28.89% | -7.84% |
Dividends
CAR-UN.TO vs. AQN - Dividend Comparison
CAR-UN.TO's dividend yield for the trailing twelve months is around 4.43%, more than AQN's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | 4.33% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust | 4.43% | 4.29% | 3.45% | 2.97% | 3.40% | 2.35% | 2.76% | 2.59% | 2.96% | 3.42% | 3.94% | 4.50% |
Financials
CAR-UN.TO vs. AQN - Financials Comparison
This section allows you to compare key financial metrics between Canadian Apartment Properties Real Estate Investment Trust and Algonquin Power & Utilities Corp. 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
CAR-UN.TO vs. AQN - Profitability Comparison
CAR-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Apartment Properties Real Estate Investment Trust reported a gross profit of 141.10M and revenue of 247.90M. Therefore, the gross margin over that period was 56.9%.
AQN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp reported a gross profit of 170.41M and revenue of 773.53M. Therefore, the gross margin over that period was 22.0%.
CAR-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Apartment Properties Real Estate Investment Trust reported an operating income of 147.73M and revenue of 247.90M, resulting in an operating margin of 59.6%.
AQN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp reported an operating income of 170.41M and revenue of 773.53M, resulting in an operating margin of 22.0%.
CAR-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Apartment Properties Real Estate Investment Trust reported a net income of -182.45M and revenue of 247.90M, resulting in a net margin of -73.6%.
AQN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp reported a net income of 85.01M and revenue of 773.53M, resulting in a net margin of 11.0%.
Frequently Asked Questions
CAR-UN.TO and AQN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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