CCA.TO vs. CPX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Cogeco Communications Inc. (CCA.TO) and Capital Power Corporation (CPX.TO).

Performance

CCA.TO vs. CPX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Cogeco Communications Inc. (CCA.TO) and Capital Power Corporation (CPX.TO). The values are adjusted to include any dividend payments, if applicable.

CCA.TO vs. CPX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCA.TO Cogeco Communications Inc.	7.79%	4.62%	20.02%	-18.62%	-21.22%	5.41%	-11.42%	76.14%	-21.78%	33.47%
CPX.TO Capital Power Corporation	12.54%	-3.64%	77.90%	-13.28%	23.39%	18.96%	8.92%	37.12%	16.05%	12.44%

Fundamentals

Market Cap CCA.TO : CA$3.00B CPX.TO : CA$10.28B
EPS CCA.TO : CA$7.31 CPX.TO : CA$1.04
PE Ratio CCA.TO : 9.66 CPX.TO : 63.49
PS Ratio CCA.TO : 1.04 CPX.TO : 3.06
PB Ratio CCA.TO : 0.93 CPX.TO : 2.33
Total Revenue (TTM) CCA.TO : CA$2.88B CPX.TO : CA$3.32B
Gross Profit (TTM) CCA.TO : CA$1.37B CPX.TO : -CA$173.00M
EBITDA (TTM) CCA.TO : CA$1.39B CPX.TO : CA$697.00M

Returns By Period

In the year-to-date period, CCA.TO achieves a 7.79% return, which is significantly lower than CPX.TO's 12.54% return. Over the past 10 years, CCA.TO has underperformed CPX.TO with an annualized return of 3.84%, while CPX.TO has yielded a comparatively higher 20.58% annualized return.

CCA.TO

• 1D: 2.22%
• 1M: -2.43%
• YTD: 7.79%
• 6M: 13.74%
• 1Y: 6.62%
• 3Y*: 8.30%
• 5Y*: -5.54%
• 10Y*: 3.84%

CPX.TO

• 1D: 1.20%
• 1M: 2.90%
• YTD: 12.54%
• 6M: 2.02%
• 1Y: 42.55%
• 3Y*: 22.44%
• 5Y*: 18.18%
• 10Y*: 20.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CCA.TO vs. CPX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCA.TO

CCA.TO Risk / Return Rank: 50
CCA.TO Sharpe Ratio Rank: 52
CCA.TO Sortino Ratio Rank: 42
CCA.TO Omega Ratio Rank: 45
CCA.TO Calmar Ratio Rank: 57
CCA.TO Martin Ratio Rank: 56

CPX.TO

CPX.TO Risk / Return Rank: 78
CPX.TO Sharpe Ratio Rank: 84
CPX.TO Sortino Ratio Rank: 78
CPX.TO Omega Ratio Rank: 78
CPX.TO Calmar Ratio Rank: 77
CPX.TO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCA.TO vs. CPX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cogeco Communications Inc. (CCA.TO) and Capital Power Corporation (CPX.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.

	CCA.TO	CPX.TO	Difference
Sharpe ratio Return per unit of total volatility	0.27	1.46	-1.19
Sortino ratio Return per unit of downside risk	0.49	1.94	-1.45
Omega ratio Gain probability vs. loss probability	1.08	1.26	-0.18
Calmar ratio Return relative to maximum drawdown	0.64	1.87	-1.22
Martin ratio Return relative to average drawdown	1.32	3.81	-2.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCA.TO vs. CPX.TO - Sharpe Ratio Comparison

The current CCA.TO Sharpe Ratio is 0.27, which is lower than the CPX.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of CCA.TO and CPX.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CCA.TO	CPX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	1.46	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.76	-0.99
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.81	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.56	-0.27

Correlation

The correlation between CCA.TO and CPX.TO is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CCA.TO vs. CPX.TO - Dividend Comparison

CCA.TO's dividend yield for the trailing twelve months is around 5.41%, more than CPX.TO's 3.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCA.TO Cogeco Communications Inc.	5.41%	5.65%	5.17%	5.36%	3.76%	2.61%	2.43%	1.90%	2.96%	2.04%	2.42%	2.33%
CPX.TO Capital Power Corporation	3.09%	4.59%	3.98%	6.32%	4.87%	5.38%	5.68%	5.40%	6.51%	6.60%	6.50%	7.93%

Drawdowns

CCA.TO vs. CPX.TO - Drawdown Comparison

The maximum CCA.TO drawdown since its inception was -85.48%, which is greater than CPX.TO's maximum drawdown of -47.38%. Use the drawdown chart below to compare losses from any high point for CCA.TO and CPX.TO.

Drawdown Indicators

	CCA.TO	CPX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-85.48%	-47.38%	-38.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-21.94%	+7.31%
Max Drawdown (5Y) Largest decline over 5 years	-54.11%	-33.75%	-20.36%
Max Drawdown (10Y) Largest decline over 10 years	-54.11%	-47.38%	-6.73%
Current Drawdown Current decline from peak	-27.55%	-9.40%	-18.15%
Average Drawdown Average peak-to-trough decline	-25.04%	-9.60%	-15.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.11%	10.73%	-3.62%

Volatility

CCA.TO vs. CPX.TO - Volatility Comparison

Cogeco Communications Inc. (CCA.TO) has a higher volatility of 10.49% compared to Capital Power Corporation (CPX.TO) at 8.47%. This indicates that CCA.TO's price experiences larger fluctuations and is considered to be riskier than CPX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCA.TO	CPX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	8.47%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	19.15%	21.13%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	25.10%	29.40%	-4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.73%	24.15%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	25.65%	-1.19%

Financials

CCA.TO vs. CPX.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Cogeco Communications Inc. and Capital Power Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CCA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Cogeco Communications Inc. reported a gross profit of 217.90M and revenue of 707.25M. Therefore, the gross margin over that period was 30.8%.

CPX.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Capital Power Corporation reported a gross profit of -199.00M and revenue of 979.00M. Therefore, the gross margin over that period was -20.3%.

CCA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cogeco Communications Inc. reported an operating income of 181.74M and revenue of 707.25M, resulting in an operating margin of 25.7%.

CPX.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Capital Power Corporation reported an operating income of -257.00M and revenue of 979.00M, resulting in an operating margin of -26.3%.

CCA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cogeco Communications Inc. reported a net income of 88.68M and revenue of 707.25M, resulting in a net margin of 12.5%.

CPX.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Capital Power Corporation reported a net income of -13.00M and revenue of 979.00M, resulting in a net margin of -1.3%.