INE.TO vs. FTS
Compare and contrast key facts about Innergex Renewable Energy Inc. (INE.TO) and Fortis Inc (FTS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INE.TO or FTS.
Key characteristics
| INE.TO | FTS | |
|---|---|---|
| YTD Return | -7.43% | -2.19% |
| 1Y Return | -34.43% | -6.59% |
| 3Y Return (Ann) | -22.05% | -0.06% |
| 5Y Return (Ann) | -5.82% | 5.41% |
| 10Y Return (Ann) | 2.33% | 7.49% |
| Sharpe Ratio | -0.95 | -0.30 |
| Daily Std Dev | 36.11% | 17.49% |
| Max Drawdown | -79.81% | -38.93% |
| Current Drawdown | -69.59% | -16.54% |
Fundamentals
| INE.TO | FTS | |
|---|---|---|
| Market Cap | CA$1.62B | $19.27B |
| EPS | -CA$0.51 | $2.26 |
| PEG Ratio | 2.25 | 2.91 |
| Revenue (TTM) | CA$1.04B | $11.52B |
| Gross Profit (TTM) | CA$615.34M | $4.41B |
| EBITDA (TTM) | CA$689.39M | $4.92B |
Correlation
The correlation between INE.TO and FTS is 0.31, 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.
Performance
INE.TO vs. FTS - Performance Comparison
In the year-to-date period, INE.TO achieves a -7.43% return, which is significantly lower than FTS's -2.19% return. Over the past 10 years, INE.TO has underperformed FTS with an annualized return of 2.33%, while FTS has yielded a comparatively higher 7.49% 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. FTS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innergex Renewable Energy Inc. (INE.TO) 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.
Dividends
INE.TO vs. FTS - Dividend Comparison
INE.TO's dividend yield for the trailing twelve months is around 7.49%, more than FTS's 4.28% 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% |
FTS Fortis Inc | 4.28% | 4.10% | 4.18% | 3.37% | 3.60% | 3.30% | 4.00% | 3.41% | 3.72% | 5.34% | 3.49% | 4.22% |
Drawdowns
INE.TO vs. FTS - Drawdown Comparison
The maximum INE.TO drawdown since its inception was -79.81%, which is greater than FTS's maximum drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for INE.TO and FTS. For additional features, visit the drawdowns tool.
Volatility
INE.TO vs. FTS - Volatility Comparison
Innergex Renewable Energy Inc. (INE.TO) has a higher volatility of 8.10% compared to Fortis Inc (FTS) at 4.71%. This indicates that INE.TO'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.
Financials
INE.TO vs. FTS - Financials Comparison
This section allows you to compare key financial metrics between Innergex Renewable Energy 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