FTS vs. GFL
FTS (Fortis Inc) and GFL (GFL Environmental Inc.) are both stocks. FTS operates in Utilities - Regulated Electric (Utilities), while GFL operates in Waste Management (Industrials). Over the past 5 years, FTS returned 8.43%/yr vs 1.88%/yr for GFL. At a 0.25 correlation, their price movements are largely independent.
Performance
FTS vs. GFL - Performance Comparison
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Returns By Period
In the year-to-date period, FTS achieves a 11.40% return, which is significantly higher than GFL's -16.19% return.
FTS
- 1D
- 0.87%
- 1M
- 2.11%
- YTD
- 11.40%
- 6M
- 13.52%
- 1Y
- 22.71%
- 3Y*
- 14.70%
- 5Y*
- 8.43%
- 10Y*
- 10.07%
GFL
- 1D
- 0.28%
- 1M
- -0.75%
- YTD
- -16.19%
- 6M
- -18.43%
- 1Y
- -29.04%
- 3Y*
- -0.84%
- 5Y*
- 1.88%
- 10Y*
- —
FTS vs. GFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 11.40% | 29.62% | 5.81% | 7.38% | -13.69% | 22.73% | -0.79% |
GFL GFL Environmental Inc. | -16.19% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
Correlation
The correlation between FTS and GFL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.25 |
Fundamentals
FTS:
$28.94B
GFL:
$12.89B
FTS:
CA$3.40
GFL:
CA$0.57
FTS:
23.41
GFL:
88.98
FTS:
3.45
GFL:
2.76
FTS:
1.77
GFL:
2.47
FTS:
CA$12.22B
GFL:
CA$6.70B
FTS:
CA$7.44B
GFL:
CA$1.38B
FTS:
CA$5.80B
GFL:
CA$2.14B
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Return for Risk
FTS vs. GFL — Risk / Return Rank
FTS
GFL
FTS vs. GFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortis Inc (FTS) and GFL Environmental Inc. (GFL). 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.
| FTS | GFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.80 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | -0.85 | +4.52 |
| Martin ratioReturn relative to average drawdown | 9.05 | -1.84 | +10.89 |
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Drawdowns
FTS vs. GFL - Drawdown Comparison
The maximum FTS drawdown since its inception was -34.36%, smaller than the maximum GFL drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for FTS and GFL.
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Drawdown Indicators
| FTS | GFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.36% | -42.76% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -34.20% | +27.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -34.88% | +20.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -42.76% | +12.80% |
Max Drawdown (10Y)Largest decline over 10 years | -34.36% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -30.16% | +28.15% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -14.41% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 15.78% | -13.26% |
Volatility
FTS vs. GFL - Volatility Comparison
The current volatility for Fortis Inc (FTS) is 4.93%, while GFL Environmental Inc. (GFL) has a volatility of 8.65%. This indicates that FTS experiences smaller price fluctuations and is considered to be less risky than GFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTS | GFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 8.65% | -3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 21.75% | -11.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 25.61% | -12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 29.80% | -13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 32.98% | -14.04% |
Dividends
FTS vs. GFL - Dividend Comparison
FTS's dividend yield for the trailing twelve months is around 3.23%, more than GFL's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 3.23% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 4.94% |
GFL GFL Environmental Inc. | 0.18% | 0.14% | 0.12% | 0.15% | 0.16% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FTS vs. GFL - Financials Comparison
This section allows you to compare key financial metrics between Fortis Inc and GFL Environmental Inc.. 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
FTS vs. GFL - Profitability Comparison
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.
GFL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a gross profit of 300.57M and revenue of 1.65B. Therefore, the gross margin over that period was 18.2%.
FTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.
GFL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported an operating income of 34.09M and revenue of 1.65B, resulting in an operating margin of 2.1%.
FTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.
GFL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a net income of -216.26M and revenue of 1.65B, resulting in a net margin of -13.1%.
Frequently Asked Questions
FTS and GFL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFL has higher volatility (8.65%) compared to FTS (4.93%). In terms of maximum drawdown, FTS dropped -34.36% vs GFL's -42.76%.
FTS currently has the higher Sharpe Ratio (1.70 vs -1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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