FTS vs. TAC

Last updated Apr 1, 2026

Compare and contrast key facts about Fortis Inc (FTS) and TransAlta Corp (TAC).

Performance

FTS vs. TAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortis Inc (FTS) and TransAlta Corp (TAC). The values are adjusted to include any dividend payments, if applicable.

FTS vs. TAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTS Fortis Inc	8.31%	29.62%	5.81%	7.38%	-13.69%	22.73%	1.91%	29.00%	-5.86%	24.45%
TAC TransAlta Corp	4.02%	-9.24%	73.96%	-5.50%	-18.03%	48.90%	8.06%	77.05%	-29.03%	11.23%

Fundamentals

Market Cap FTS : $33.97B TAC : $3.89B
EPS FTS : $3.12 TAC : -$0.46
PS Ratio FTS : 2.65 TAC : 1.64
PB Ratio FTS : 1.53 TAC : 8.52
Total Revenue (TTM) FTS : $11.34B TAC : $2.40B
Gross Profit (TTM) FTS : $6.40B TAC : $1.08B
EBITDA (TTM) FTS : $5.35B TAC : $470.07M

Returns By Period

In the year-to-date period, FTS achieves a 8.31% return, which is significantly higher than TAC's 4.02% return. Over the past 10 years, FTS has underperformed TAC with an annualized return of 10.23%, while TAC has yielded a comparatively higher 13.34% annualized return.

FTS

• 1D: -0.48%
• 1M: -2.97%
• YTD: 8.31%
• 6M: 11.84%
• 1Y: 26.79%
• 3Y*: 14.12%
• 5Y*: 9.49%
• 10Y*: 10.23%

TAC

• 1D: 3.07%
• 1M: -4.66%
• YTD: 4.02%
• 6M: -3.51%
• 1Y: 42.29%
• 3Y*: 16.55%
• 5Y*: 8.21%
• 10Y*: 13.34%

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

Return for Risk

FTS vs. TAC — Risk / Return Rank

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

FTS

FTS Risk / Return Rank: 89
FTS Sharpe Ratio Rank: 89
FTS Sortino Ratio Rank: 88
FTS Omega Ratio Rank: 85
FTS Calmar Ratio Rank: 92
FTS Martin Ratio Rank: 90

TAC

TAC Risk / Return Rank: 69
TAC Sharpe Ratio Rank: 75
TAC Sortino Ratio Rank: 69
TAC Omega Ratio Rank: 69
TAC Calmar Ratio Rank: 67
TAC Martin Ratio Rank: 64

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 vs. TAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc (FTS) and TransAlta Corp (TAC). 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	TAC	Difference
Sharpe ratio Return per unit of total volatility	1.84	1.02	+0.82
Sortino ratio Return per unit of downside risk	2.64	1.54	+1.10
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.12
Calmar ratio Return relative to maximum drawdown	4.16	1.22	+2.93
Martin ratio Return relative to average drawdown	10.72	2.49	+8.23
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 vs. TAC - Sharpe Ratio Comparison

The current FTS Sharpe Ratio is 1.84, which is higher than the TAC Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of FTS and TAC, 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	TAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.02	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.24	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.38	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.12	+0.49

Correlation

The correlation between FTS and TAC is 0.35, 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

FTS vs. TAC - Dividend Comparison

FTS's dividend yield for the trailing twelve months is around 3.25%, more than TAC's 1.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTS Fortis Inc	3.25%	3.42%	4.62%	4.50%	4.48%	3.40%	3.54%	3.31%	3.35%	4.43%	4.94%	0.00%
TAC TransAlta Corp	1.44%	1.44%	1.24%	2.13%	1.76%	1.38%	1.69%	1.68%	3.20%	2.69%	2.74%	20.34%

Drawdowns

FTS vs. TAC - Drawdown Comparison

The maximum FTS drawdown since its inception was -34.36%, smaller than the maximum TAC drawdown of -88.12%. Use the drawdown chart below to compare losses from any high point for FTS and TAC.

Drawdown Indicators

	FTS	TAC	Difference
Max Drawdown Largest peak-to-trough decline	-34.36%	-88.12%	+53.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-33.10%	+26.47%
Max Drawdown (5Y) Largest decline over 5 years	-29.96%	-46.55%	+16.59%
Max Drawdown (10Y) Largest decline over 10 years	-34.36%	-55.11%	+20.75%
Current Drawdown Current decline from peak	-4.73%	-25.81%	+21.08%
Average Drawdown Average peak-to-trough decline	-6.90%	-40.70%	+33.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	16.25%	-13.68%

Volatility

FTS vs. TAC - Volatility Comparison

The current volatility for Fortis Inc (FTS) is 4.23%, while TransAlta Corp (TAC) has a volatility of 11.61%. This indicates that FTS experiences smaller price fluctuations and is considered to be less risky than TAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS	TAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	11.61%	-7.38%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	31.81%	-22.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	41.75%	-27.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	34.09%	-17.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	35.47%	-16.51%

Financials

FTS vs. TAC - Profitability Comparison

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

FTS - 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 1.38B and revenue of 3.08B. Therefore, the gross margin over that period was 44.8%.

TAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TransAlta Corp reported a gross profit of 137.89M and revenue of 598.51M. Therefore, the gross margin over that period was 23.0%.

FTS - 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%.

TAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TransAlta Corp reported an operating income of -89.93M and revenue of 598.51M, resulting in an operating margin of -15.0%.

FTS - 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%.

TAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TransAlta Corp reported a net income of -35.97M and revenue of 598.51M, resulting in a net margin of -6.0%.