INE.TO vs. NPI.TO
INE.TO (Innergex Renewable Energy Inc.) and NPI.TO (Northland Power Inc.) are both stocks. Both operate in the Utilities - Renewable industry within the Utilities sector. At a 0.35 correlation, their price movements are largely independent.
Performance
INE.TO vs. NPI.TO - Performance Comparison
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Returns By Period
INE.TO
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NPI.TO
- 1D
- -0.81%
- 1M
- 0.77%
- YTD
- 32.45%
- 6M
- 37.29%
- 1Y
- 17.96%
- 3Y*
- -0.84%
- 5Y*
- -5.05%
- 10Y*
- 6.38%
INE.TO vs. NPI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INE.TO Innergex Renewable Energy Inc. | 0.00% | 72.95% | -8.83% | -39.57% | -9.29% | -29.60% | 67.90% | 40.94% | -8.26% | 7.44% |
NPI.TO Northland Power Inc. | 32.45% | 5.66% | -18.65% | -31.01% | 2.59% | -13.03% | 77.36% | 34.85% | -2.01% | 4.92% |
Correlation
The correlation between INE.TO and NPI.TO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.35 |
Over the past year, the correlation between INE.TO and NPI.TO has dropped to 0.03 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
INE.TO:
CA$995.52M
NPI.TO:
CA$2.56B
INE.TO:
CA$1.10B
NPI.TO:
CA$1.25B
INE.TO:
CA$745.05M
NPI.TO:
CA$985.98M
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Return for Risk
INE.TO vs. NPI.TO — Risk / Return Rank
INE.TO
NPI.TO
INE.TO vs. NPI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innergex Renewable Energy Inc. (INE.TO) and Northland Power Inc. (NPI.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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| INE.TO | NPI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.50 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.48 | — |
Drawdowns
INE.TO vs. NPI.TO - Drawdown Comparison
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Drawdown Indicators
| INE.TO | NPI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -58.76% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -37.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.76% | — |
Current DrawdownCurrent decline from peak | — | -37.27% | — |
Average DrawdownAverage peak-to-trough decline | — | -12.05% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.30% | — |
Volatility
INE.TO vs. NPI.TO - Volatility Comparison
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Volatility by Period
| INE.TO | NPI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 36.21% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 27.88% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 26.69% | — |
Dividends
INE.TO vs. NPI.TO - Dividend Comparison
INE.TO's dividend yield for the trailing twelve months is around 0.66%, less than NPI.TO's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INE.TO Innergex Renewable Energy Inc. | 0.66% | 1.31% | 4.47% | 7.83% | 4.44% | 3.87% | 2.63% | 4.21% | 5.42% | 4.58% | 4.56% | 5.47% |
NPI.TO Northland Power Inc. | 4.12% | 6.50% | 11.02% | 6.95% | 5.01% | 5.04% | 4.11% | 6.77% | 5.53% | 4.67% | 4.64% | 5.79% |
Financials
INE.TO vs. NPI.TO - Financials Comparison
This section allows you to compare key financial metrics between Innergex Renewable Energy Inc. and Northland Power 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
Frequently Asked Questions
INE.TO and NPI.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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