FTS.TO vs. H.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fortis Inc. (FTS.TO) and Hydro One Limited (H.TO).

Performance

FTS.TO vs. H.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fortis Inc. (FTS.TO) and Hydro One Limited (H.TO). The values are adjusted to include any dividend payments, if applicable.

FTS.TO vs. H.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTS.TO Fortis Inc.	9.66%	23.93%	14.24%	4.76%	-7.87%	21.81%	0.04%	22.71%	2.74%	15.29%
H.TO Hydro One Limited	5.74%	26.73%	14.75%	12.95%	14.72%	18.87%	18.51%	29.05%	-5.41%	-1.36%

Fundamentals

Market Cap FTS.TO : CA$39.32B H.TO : CA$34.46B
EPS FTS.TO : CA$3.56 H.TO : CA$2.23
PE Ratio FTS.TO : 21.78 H.TO : 25.76
PEG Ratio FTS.TO : 3.17 H.TO : 3.00
PS Ratio FTS.TO : 3.22 H.TO : 3.82
PB Ratio FTS.TO : 1.77 H.TO : 2.72
Total Revenue (TTM) FTS.TO : CA$12.17B H.TO : CA$9.04B
Gross Profit (TTM) FTS.TO : CA$4.52B H.TO : CA$2.51B
EBITDA (TTM) FTS.TO : CA$5.89B H.TO : CA$3.33B

Returns By Period

In the year-to-date period, FTS.TO achieves a 9.66% return, which is significantly higher than H.TO's 5.74% return. Over the past 10 years, FTS.TO has underperformed H.TO with an annualized return of 10.75%, while H.TO has yielded a comparatively higher 12.86% annualized return.

FTS.TO

• 1D: -0.58%
• 1M: -1.10%
• YTD: 9.66%
• 6M: 11.84%
• 1Y: 22.65%
• 3Y*: 14.94%
• 5Y*: 11.53%
• 10Y*: 10.75%

H.TO

• 1D: -0.24%
• 1M: -1.44%
• YTD: 5.74%
• 6M: 17.11%
• 1Y: 21.79%
• 3Y*: 17.55%
• 5Y*: 17.82%
• 10Y*: 12.86%

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

Return for Risk

FTS.TO vs. H.TO — Risk / Return Rank

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

FTS.TO

FTS.TO Risk / Return Rank: 87
FTS.TO Sharpe Ratio Rank: 88
FTS.TO Sortino Ratio Rank: 86
FTS.TO Omega Ratio Rank: 82
FTS.TO Calmar Ratio Rank: 90
FTS.TO Martin Ratio Rank: 86

H.TO

H.TO Risk / Return Rank: 81
H.TO Sharpe Ratio Rank: 86
H.TO Sortino Ratio Rank: 82
H.TO Omega Ratio Rank: 79
H.TO Calmar Ratio Rank: 81
H.TO Martin Ratio Rank: 76

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.

FTS.TO vs. H.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS.TO) and Hydro One Limited (H.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.

	FTS.TO	H.TO	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.54	+0.15
Sortino ratio Return per unit of downside risk	2.46	2.15	+0.31
Omega ratio Gain probability vs. loss probability	1.30	1.27	+0.02
Calmar ratio Return relative to maximum drawdown	3.87	2.31	+1.56
Martin ratio Return relative to average drawdown	8.05	4.69	+3.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTS.TO vs. H.TO - Sharpe Ratio Comparison

The current FTS.TO Sharpe Ratio is 1.69, which is comparable to the H.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FTS.TO and H.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

	FTS.TO	H.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.54	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	1.25	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.81	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.87	-0.22

Correlation

The correlation between FTS.TO and H.TO is 0.57, 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.

Dividends

FTS.TO vs. H.TO - Dividend Comparison

FTS.TO's dividend yield for the trailing twelve months is around 3.23%, more than H.TO's 2.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTS.TO Fortis Inc.	3.23%	3.48%	3.99%	4.19%	4.01%	3.36%	3.73%	3.39%	3.79%	3.52%	3.68%	3.73%
H.TO Hydro One Limited	2.32%	2.40%	2.80%	2.94%	3.78%	3.20%	3.50%	3.81%	4.49%	3.88%	4.11%	0.00%

Drawdowns

FTS.TO vs. H.TO - Drawdown Comparison

The maximum FTS.TO drawdown since its inception was -35.48%, which is greater than H.TO's maximum drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for FTS.TO and H.TO.

Drawdown Indicators

	FTS.TO	H.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-27.68%	-7.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-9.84%	+3.62%
Max Drawdown (5Y) Largest decline over 5 years	-24.01%	-17.08%	-6.93%
Max Drawdown (10Y) Largest decline over 10 years	-28.27%	-27.68%	-0.59%
Current Drawdown Current decline from peak	-3.11%	-4.52%	+1.41%
Average Drawdown Average peak-to-trough decline	-6.54%	-6.12%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	4.84%	-1.85%

Volatility

FTS.TO vs. H.TO - Volatility Comparison

The current volatility for Fortis Inc. (FTS.TO) is 4.35%, while Hydro One Limited (H.TO) has a volatility of 5.38%. This indicates that FTS.TO experiences smaller price fluctuations and is considered to be less risky than H.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS.TO	H.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	5.38%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	9.58%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	14.20%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	14.38%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	15.92%	+0.89%

Financials

FTS.TO vs. H.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Fortis Inc. and Hydro One Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FTS.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fortis Inc. reported a gross profit of 868.00M and revenue of 3.08B. Therefore, the gross margin over that period was 28.2%.

H.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hydro One Limited reported a gross profit of 436.00M and revenue of 2.27B. Therefore, the gross margin over that period was 19.2%.

FTS.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fortis Inc. reported an operating income of 868.00M and revenue of 3.08B, resulting in an operating margin of 28.2%.

H.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hydro One Limited reported an operating income of 436.00M and revenue of 2.27B, resulting in an operating margin of 19.2%.

FTS.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fortis Inc. reported a net income of 444.00M and revenue of 3.08B, resulting in a net margin of 14.4%.

H.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hydro One Limited reported a net income of 233.00M and revenue of 2.27B, resulting in a net margin of 10.3%.