FTS vs. TAC
FTS (Fortis Inc) and TAC (TransAlta Corp) are both stocks. Both are in the Utilities sector — FTS in Utilities - Regulated Electric, TAC in Utilities - Independent Power Producers. Over the past 10 years, FTS returned 9.80%/yr vs 13.26%/yr for TAC. At a 0.34 correlation, their price movements are largely independent.
Performance
FTS vs. TAC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTS achieves a 7.06% return, which is significantly lower than TAC's 15.23% return. Over the past 10 years, FTS has underperformed TAC with an annualized return of 9.80%, while TAC has yielded a comparatively higher 13.26% annualized return.
FTS
- 1D
- -0.11%
- 1M
- -3.07%
- YTD
- 7.06%
- 6M
- 8.84%
- 1Y
- 16.85%
- 3Y*
- 12.98%
- 5Y*
- 7.89%
- 10Y*
- 9.80%
TAC
- 1D
- 0.84%
- 1M
- 14.99%
- YTD
- 15.23%
- 6M
- 4.04%
- 1Y
- 41.16%
- 3Y*
- 15.65%
- 5Y*
- 10.67%
- 10Y*
- 13.26%
FTS vs. TAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 7.06% | 29.62% | 5.81% | 7.38% | -13.69% | 22.73% | 1.91% | 29.00% | -5.86% | 24.45% |
TAC TransAlta Corp | 15.23% | -9.24% | 73.96% | -5.50% | -18.03% | 48.90% | 8.06% | 77.05% | -29.03% | 11.23% |
Correlation
The correlation between FTS and TAC is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.34 |
The correlation between FTS and TAC shifts across timeframes, from -0.04 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FTS:
$27.81B
TAC:
$4.29B
FTS:
$3.40
TAC:
-$0.57
FTS:
2.37
TAC:
1.96
FTS:
1.22
TAC:
9.21
FTS:
$12.22B
TAC:
$2.21B
FTS:
$7.44B
TAC:
$889.52M
FTS:
$5.80B
TAC:
$511.31M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTS vs. TAC — Risk / Return Rank
FTS
TAC
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 ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.25 | +1.47 |
| Martin ratioReturn relative to average drawdown | 6.92 | 2.15 | +4.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FTS | TAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.05 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.31 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.38 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.14 | +0.47 |
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.
Loading charts...
Drawdown Indicators
| FTS | TAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.36% | -88.12% | +53.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -33.10% | +26.87% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -43.26% | +28.80% |
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 DrawdownCurrent decline from peak | -5.83% | -17.81% | +11.98% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -40.59% | +33.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 19.20% | -16.70% |
Volatility
FTS vs. TAC - Volatility Comparison
The current volatility for Fortis Inc (FTS) is 4.68%, while TransAlta Corp (TAC) has a volatility of 8.07%. 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.
Loading charts...
Volatility by Period
| FTS | TAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 8.07% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 27.42% | -17.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.29% | 39.65% | -26.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 34.50% | -18.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 35.38% | -16.45% |
Dividends
FTS vs. TAC - Dividend Comparison
FTS's dividend yield for the trailing twelve months is around 3.36%, more than TAC's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 3.36% | 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 | 1.33% | 1.44% | 1.24% | 2.13% | 1.76% | 1.38% | 1.69% | 1.68% | 3.20% | 2.69% | 2.74% | 20.34% |
Financials
FTS vs. TAC - Financials Comparison
This section allows you to compare key financial metrics between Fortis Inc and TransAlta Corp. 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. TAC - 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%.
TAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TransAlta Corp reported a gross profit of 243.63M and revenue of 566.46M. Therefore, the gross margin over that period was 43.0%.
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%.
TAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TransAlta Corp reported an operating income of 24.06M and revenue of 566.46M, resulting in an operating margin of 4.3%.
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%.
TAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TransAlta Corp reported a net income of 13.03M and revenue of 566.46M, resulting in a net margin of 2.3%.
Frequently Asked Questions
FTS and TAC have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAC has higher volatility (8.07%) compared to FTS (4.68%). In terms of maximum drawdown, FTS dropped -34.36% vs TAC's -88.12%.
FTS currently has the higher Sharpe Ratio (1.28 vs 1.05), 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.
Find the right allocation for FTS and TAC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer