INE.TO vs. BLX.TO
Compare and contrast key facts about Innergex Renewable Energy Inc. (INE.TO) and Boralex Inc. (BLX.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INE.TO or BLX.TO.
Key characteristics
| INE.TO | BLX.TO | |
|---|---|---|
| YTD Return | -7.43% | -11.34% |
| 1Y Return | -34.43% | -22.97% |
| 3Y Return (Ann) | -22.05% | -6.57% |
| 5Y Return (Ann) | -5.82% | 12.55% |
| 10Y Return (Ann) | 2.33% | 11.75% |
| Sharpe Ratio | -0.95 | -0.78 |
| Daily Std Dev | 36.11% | 28.70% |
| Max Drawdown | -79.81% | -98.00% |
| Current Drawdown | -69.59% | -43.34% |
Fundamentals
| INE.TO | BLX.TO | |
|---|---|---|
| Market Cap | CA$1.62B | CA$2.81B |
| EPS | -CA$0.51 | CA$0.76 |
| PEG Ratio | 2.25 | 0.91 |
| Revenue (TTM) | CA$1.04B | CA$1.02B |
| Gross Profit (TTM) | CA$615.34M | CA$578.00M |
| EBITDA (TTM) | CA$689.39M | CA$516.00M |
Correlation
The correlation between INE.TO and BLX.TO is 0.47, 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.
Performance
INE.TO vs. BLX.TO - Performance Comparison
In the year-to-date period, INE.TO achieves a -7.43% return, which is significantly higher than BLX.TO's -11.34% return. Over the past 10 years, INE.TO has underperformed BLX.TO with an annualized return of 2.33%, while BLX.TO has yielded a comparatively higher 11.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
INE.TO vs. BLX.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innergex Renewable Energy Inc. (INE.TO) and Boralex Inc. (BLX.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.
Dividends
INE.TO vs. BLX.TO - Dividend Comparison
INE.TO's dividend yield for the trailing twelve months is around 7.49%, more than BLX.TO's 2.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INE.TO Innergex Renewable Energy Inc. | 7.49% | 7.83% | 4.44% | 3.87% | 2.63% | 4.15% | 5.42% | 4.58% | 4.56% | 5.47% | 5.28% | 5.47% |
BLX.TO Boralex Inc. | 2.22% | 1.96% | 1.65% | 1.92% | 1.40% | 2.70% | 3.74% | 2.55% | 2.87% | 3.60% | 4.05% | 0.00% |
Drawdowns
INE.TO vs. BLX.TO - Drawdown Comparison
The maximum INE.TO drawdown since its inception was -79.81%, smaller than the maximum BLX.TO drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for INE.TO and BLX.TO. For additional features, visit the drawdowns tool.
Volatility
INE.TO vs. BLX.TO - Volatility Comparison
The current volatility for Innergex Renewable Energy Inc. (INE.TO) is 8.10%, while Boralex Inc. (BLX.TO) has a volatility of 10.45%. This indicates that INE.TO experiences smaller price fluctuations and is considered to be less risky than BLX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
INE.TO vs. BLX.TO - Financials Comparison
This section allows you to compare key financial metrics between Innergex Renewable Energy Inc. and Boralex 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