CU.TO vs. ACO-X.TO
CU.TO (Canadian Utilities Limited) and ACO-X.TO (ATCO Ltd) are both stocks. Both operate in the Utilities - Diversified industry within the Utilities sector. Over the past 10 years, CU.TO returned 7.99%/yr vs 9.01%/yr for ACO-X.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
CU.TO vs. ACO-X.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CU.TO achieves a 20.03% return, which is significantly lower than ACO-X.TO's 27.60% return. Over the past 10 years, CU.TO has underperformed ACO-X.TO with an annualized return of 7.99%, while ACO-X.TO has yielded a comparatively higher 9.01% annualized return.
CU.TO
- 1D
- 1.93%
- 1M
- 4.21%
- YTD
- 20.03%
- 6M
- 22.58%
- 1Y
- 36.66%
- 3Y*
- 17.09%
- 5Y*
- 12.76%
- 10Y*
- 7.99%
ACO-X.TO
- 1D
- 1.91%
- 1M
- 4.82%
- YTD
- 27.60%
- 6M
- 33.24%
- 1Y
- 42.16%
- 3Y*
- 24.33%
- 5Y*
- 14.65%
- 10Y*
- 9.01%
CU.TO vs. ACO-X.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU.TO Canadian Utilities Limited | 20.03% | 28.76% | 15.61% | -8.23% | 4.73% | 24.14% | -16.53% | 31.01% | -12.18% | 7.28% |
ACO-X.TO ATCO Ltd | 27.60% | 23.29% | 28.83% | -4.25% | 3.50% | 22.23% | -23.55% | 33.41% | -10.91% | 3.62% |
Correlation
The correlation between CU.TO and ACO-X.TO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 1989 | 0.43 |
Over the past year, CU.TO and ACO-X.TO have become more correlated (0.79) than their long-term average of 0.43, meaning their price movements have been converging.
Fundamentals
CU.TO:
CA$13.72B
ACO-X.TO:
CA$8.02B
CU.TO:
CA$0.39
ACO-X.TO:
CA$1.40
CU.TO:
127.93
ACO-X.TO:
50.58
CU.TO:
3.71
ACO-X.TO:
1.55
CU.TO:
2.74
ACO-X.TO:
1.73
CU.TO:
CA$3.69B
ACO-X.TO:
CA$5.16B
CU.TO:
CA$905.00M
ACO-X.TO:
CA$1.64B
CU.TO:
CA$1.82B
ACO-X.TO:
CA$2.10B
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Return for Risk
CU.TO vs. ACO-X.TO — Risk / Return Rank
CU.TO
ACO-X.TO
CU.TO vs. ACO-X.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Utilities Limited (CU.TO) and ATCO Ltd (ACO-X.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.
| CU.TO | ACO-X.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.48 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 5.41 | -0.33 |
| Martin ratioReturn relative to average drawdown | 17.50 | 13.44 | +4.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CU.TO | ACO-X.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 2.77 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.94 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.44 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.28 | +0.19 |
Drawdowns
CU.TO vs. ACO-X.TO - Drawdown Comparison
The maximum CU.TO drawdown since its inception was -40.15%, smaller than the maximum ACO-X.TO drawdown of -84.73%. Use the drawdown chart below to compare losses from any high point for CU.TO and ACO-X.TO.
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Drawdown Indicators
| CU.TO | ACO-X.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.15% | -84.73% | +44.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -7.83% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -18.19% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -27.67% | -26.84% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.15% | -48.31% | +8.16% |
Current DrawdownCurrent decline from peak | -0.65% | -1.15% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -30.11% | +20.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 3.16% | -1.00% |
Volatility
CU.TO vs. ACO-X.TO - Volatility Comparison
The current volatility for Canadian Utilities Limited (CU.TO) is 4.32%, while ATCO Ltd (ACO-X.TO) has a volatility of 5.80%. This indicates that CU.TO experiences smaller price fluctuations and is considered to be less risky than ACO-X.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU.TO | ACO-X.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 5.80% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 11.62% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 15.31% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 15.75% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 20.58% | -2.16% |
Dividends
CU.TO vs. ACO-X.TO - Dividend Comparison
CU.TO's dividend yield for the trailing twelve months is around 3.66%, more than ACO-X.TO's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACO-X.TO ATCO Ltd | 2.89% | 3.58% | 4.12% | 4.92% | 4.36% | 4.20% | 4.77% | 3.25% | 3.91% | 2.92% | 2.55% | 2.78% |
CU.TO Canadian Utilities Limited | 3.66% | 4.29% | 5.20% | 5.63% | 4.85% | 4.80% | 5.60% | 4.32% | 5.02% | 3.83% | 3.59% | 3.69% |
Financials
CU.TO vs. ACO-X.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Utilities Limited and ATCO Ltd. 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
CU.TO vs. ACO-X.TO - Profitability Comparison
CU.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a gross profit of 474.00M and revenue of 1.08B. Therefore, the gross margin over that period was 43.7%.
ACO-X.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported a gross profit of 592.00M and revenue of 1.43B. Therefore, the gross margin over that period was 41.5%.
CU.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported an operating income of 393.00M and revenue of 1.08B, resulting in an operating margin of 36.3%.
ACO-X.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported an operating income of 401.00M and revenue of 1.43B, resulting in an operating margin of 28.1%.
CU.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a net income of 224.00M and revenue of 1.08B, resulting in a net margin of 20.7%.
ACO-X.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported a net income of 152.00M and revenue of 1.43B, resulting in a net margin of 10.7%.
Frequently Asked Questions
CU.TO and ACO-X.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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