CPX.TO vs. VDY.TO
Compare and contrast key facts about Capital Power Corporation (CPX.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPX.TO or VDY.TO.
Key characteristics
| CPX.TO | VDY.TO | |
|---|---|---|
| YTD Return | 62.48% | 21.60% |
| 1Y Return | 58.75% | 28.83% |
| 3Y Return (Ann) | 19.82% | 10.09% |
| 5Y Return (Ann) | 19.47% | 11.95% |
| 10Y Return (Ann) | 15.11% | 8.94% |
| Sharpe Ratio | 2.79 | 3.30 |
| Sortino Ratio | 3.77 | 4.60 |
| Omega Ratio | 1.50 | 1.61 |
| Calmar Ratio | 2.42 | 3.31 |
| Martin Ratio | 16.80 | 17.80 |
| Ulcer Index | 3.59% | 1.72% |
| Daily Std Dev | 21.58% | 9.29% |
| Max Drawdown | -47.38% | -39.21% |
| Current Drawdown | 0.00% | -0.32% |
Correlation
The correlation between CPX.TO and VDY.TO is 0.54, 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
CPX.TO vs. VDY.TO - Performance Comparison
In the year-to-date period, CPX.TO achieves a 62.48% return, which is significantly higher than VDY.TO's 21.60% return. Over the past 10 years, CPX.TO has outperformed VDY.TO with an annualized return of 15.11%, while VDY.TO has yielded a comparatively lower 8.94% 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
CPX.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Power Corporation (CPX.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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
CPX.TO vs. VDY.TO - Dividend Comparison
CPX.TO's dividend yield for the trailing twelve months is around 4.27%, which matches VDY.TO's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPX.TO Capital Power Corporation | 4.27% | 6.34% | 4.88% | 5.37% | 5.66% | 5.39% | 6.51% | 6.59% | 6.50% | 7.93% | 5.04% | 5.92% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.30% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
Drawdowns
CPX.TO vs. VDY.TO - Drawdown Comparison
The maximum CPX.TO drawdown since its inception was -47.38%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for CPX.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
CPX.TO vs. VDY.TO - Volatility Comparison
Capital Power Corporation (CPX.TO) has a higher volatility of 11.34% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 2.51%. This indicates that CPX.TO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.