GFL vs. FTS
GFL (GFL Environmental Inc.) and FTS (Fortis Inc) are both stocks. GFL operates in Waste Management (Industrials), while FTS operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, GFL returned 1.78%/yr vs 7.82%/yr for FTS. At a 0.24 correlation, their price movements are largely independent.
Performance
GFL vs. FTS - Performance Comparison
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Returns By Period
In the year-to-date period, GFL achieves a -18.68% return, which is significantly lower than FTS's 7.82% return.
GFL
- 1D
- -1.72%
- 1M
- -5.01%
- YTD
- -18.68%
- 6M
- -21.93%
- 1Y
- -29.67%
- 3Y*
- -2.02%
- 5Y*
- 1.78%
- 10Y*
- —
FTS
- 1D
- -1.47%
- 1M
- -0.98%
- YTD
- 7.82%
- 6M
- 10.63%
- 1Y
- 19.97%
- 3Y*
- 13.17%
- 5Y*
- 7.82%
- 10Y*
- 9.61%
GFL vs. FTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | -18.68% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
FTS Fortis Inc | 7.82% | 29.62% | 5.81% | 7.38% | -13.69% | 22.73% | -0.79% |
Correlation
The correlation between GFL and FTS is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
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 | 0.24 |
Fundamentals
GFL:
$12.51B
FTS:
$28.01B
GFL:
$0.57
FTS:
$3.40
GFL:
61.76
FTS:
16.21
GFL:
1.92
FTS:
2.39
GFL:
1.71
FTS:
1.23
GFL:
$6.70B
FTS:
$12.22B
GFL:
$1.38B
FTS:
$7.44B
GFL:
$2.14B
FTS:
$5.80B
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Return for Risk
GFL vs. FTS — Risk / Return Rank
GFL
FTS
GFL vs. FTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) and Fortis Inc (FTS). 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.
| GFL | FTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.27 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.22 | -4.09 |
| Martin ratioReturn relative to average drawdown | -1.94 | 8.05 | -9.98 |
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
| GFL | FTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 1.50 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.48 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.61 | -0.22 |
Drawdowns
GFL vs. FTS - Drawdown Comparison
The maximum GFL drawdown since its inception was -42.76%, which is greater than FTS's maximum drawdown of -34.36%. Use the drawdown chart below to compare losses from any high point for GFL and FTS.
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Drawdown Indicators
| GFL | FTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -34.36% | -8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -34.20% | -6.23% | -27.97% |
Max Drawdown (3Y)Largest decline over 3 years | -34.88% | -14.46% | -20.42% |
Max Drawdown (5Y)Largest decline over 5 years | -42.76% | -29.96% | -12.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.36% | — |
Current DrawdownCurrent decline from peak | -32.24% | -5.16% | -27.08% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -6.84% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.34% | 2.49% | +12.85% |
Volatility
GFL vs. FTS - Volatility Comparison
GFL Environmental Inc. (GFL) has a higher volatility of 7.69% compared to Fortis Inc (FTS) at 4.54%. This indicates that GFL's price experiences larger fluctuations and is considered to be riskier than FTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFL | FTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 4.54% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 21.41% | 10.48% | +10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 13.39% | +12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 16.30% | +13.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.96% | 18.94% | +14.02% |
Dividends
GFL vs. FTS - Dividend Comparison
GFL's dividend yield for the trailing twelve months is around 0.18%, less than FTS's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 3.34% | 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
GFL vs. FTS - Financials Comparison
This section allows you to compare key financial metrics between GFL Environmental Inc. and Fortis 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
GFL vs. FTS - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
GFL and FTS have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFL has higher volatility (7.69%) compared to FTS (4.54%). In terms of maximum drawdown, GFL dropped -42.76% vs FTS's -34.36%.
FTS currently has the higher Sharpe Ratio (1.50 vs -1.17), 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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