LIF.TO vs. AQN.TO
LIF.TO (Labrador Iron Ore Royalty Corporation) and AQN.TO (Algonquin Power & Utilities Corp.) are both stocks. LIF.TO operates in Steel (Basic Materials), while AQN.TO operates in Utilities - Renewable (Utilities). Over the past 10 years, LIF.TO returned 20.02%/yr vs 1.60%/yr for AQN.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
LIF.TO vs. AQN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LIF.TO achieves a -4.40% return, which is significantly lower than AQN.TO's -3.01% return. Over the past 10 years, LIF.TO has outperformed AQN.TO with an annualized return of 20.02%, while AQN.TO has yielded a comparatively lower 1.60% annualized return.
LIF.TO
- 1D
- -2.35%
- 1M
- 0.93%
- YTD
- -4.40%
- 6M
- -6.08%
- 1Y
- 0.72%
- 3Y*
- 3.90%
- 5Y*
- -0.80%
- 10Y*
- 20.02%
AQN.TO
- 1D
- -1.10%
- 1M
- -4.93%
- YTD
- -3.01%
- 6M
- 0.15%
- 1Y
- -0.82%
- 3Y*
- -5.49%
- 5Y*
- -10.28%
- 10Y*
- 1.60%
LIF.TO vs. AQN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIF.TO Labrador Iron Ore Royalty Corporation | -4.40% | 8.89% | 0.14% | 2.89% | -1.55% | 33.21% | 47.82% | 17.31% | -4.27% | 67.14% |
AQN.TO Algonquin Power & Utilities Corp. | -3.01% | 38.63% | -17.99% | 0.64% | -48.34% | -8.03% | 19.16% | 39.68% | 2.71% | 29.07% |
Correlation
The correlation between LIF.TO and AQN.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 1997 | 0.13 |
The correlation between LIF.TO and AQN.TO shifts across timeframes, from 0.11 (10 years) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
LIF.TO:
CA$1.81B
AQN.TO:
CA$6.26B
LIF.TO:
CA$1.45
AQN.TO:
CA$0.22
LIF.TO:
19.52
AQN.TO:
37.04
LIF.TO:
10.88
AQN.TO:
2.49
LIF.TO:
2.83
AQN.TO:
1.40
LIF.TO:
CA$165.74M
AQN.TO:
CA$2.52B
LIF.TO:
CA$159.74M
AQN.TO:
CA$924.77M
LIF.TO:
CA$93.44M
AQN.TO:
CA$928.99M
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Return for Risk
LIF.TO vs. AQN.TO — Risk / Return Rank
LIF.TO
AQN.TO
LIF.TO vs. AQN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Labrador Iron Ore Royalty Corporation (LIF.TO) and Algonquin Power & Utilities Corp. (AQN.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.
| LIF.TO | AQN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.05 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.12 | -0.13 | +0.25 |
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
| LIF.TO | AQN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | -0.03 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.36 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.06 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.26 | +0.04 |
Drawdowns
LIF.TO vs. AQN.TO - Drawdown Comparison
The maximum LIF.TO drawdown since its inception was -76.24%, roughly equal to the maximum AQN.TO drawdown of -78.55%. Use the drawdown chart below to compare losses from any high point for LIF.TO and AQN.TO.
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Drawdown Indicators
| LIF.TO | AQN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -78.55% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -15.89% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -41.24% | +24.61% |
Max Drawdown (5Y)Largest decline over 5 years | -46.48% | -63.36% | +16.88% |
Max Drawdown (10Y)Largest decline over 10 years | -57.86% | -65.21% | +7.35% |
Current DrawdownCurrent decline from peak | -21.20% | -51.00% | +29.80% |
Average DrawdownAverage peak-to-trough decline | -19.64% | -16.81% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 7.11% | -1.06% |
Volatility
LIF.TO vs. AQN.TO - Volatility Comparison
Labrador Iron Ore Royalty Corporation (LIF.TO) has a higher volatility of 5.75% compared to Algonquin Power & Utilities Corp. (AQN.TO) at 5.26%. This indicates that LIF.TO's price experiences larger fluctuations and is considered to be riskier than AQN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIF.TO | AQN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 5.26% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.37% | 18.45% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 28.58% | -8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.33% | 28.63% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.52% | 25.92% | +7.60% |
Dividends
LIF.TO vs. AQN.TO - Dividend Comparison
LIF.TO's dividend yield for the trailing twelve months is around 4.78%, more than AQN.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN.TO Algonquin Power & Utilities Corp. | 4.43% | 4.29% | 8.50% | 6.95% | 10.66% | 5.52% | 3.89% | 3.96% | 4.83% | 4.28% | 4.82% | 4.49% |
LIF.TO Labrador Iron Ore Royalty Corporation | 4.78% | 5.19% | 10.37% | 7.99% | 9.23% | 15.99% | 9.35% | 16.25% | 7.22% | 9.74% | 5.37% | 10.43% |
Financials
LIF.TO vs. AQN.TO - Financials Comparison
This section allows you to compare key financial metrics between Labrador Iron Ore Royalty Corporation and Algonquin Power & Utilities 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
LIF.TO vs. AQN.TO - Profitability Comparison
LIF.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported a gross profit of 34.27M and revenue of 35.75M. Therefore, the gross margin over that period was 95.9%.
AQN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp. reported a gross profit of 169.97M and revenue of 771.54M. Therefore, the gross margin over that period was 22.0%.
LIF.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported an operating income of 26.53M and revenue of 35.75M, resulting in an operating margin of 74.2%.
AQN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp. reported an operating income of 169.97M and revenue of 771.54M, resulting in an operating margin of 22.0%.
LIF.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported a net income of 13.20M and revenue of 35.75M, resulting in a net margin of 36.9%.
AQN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algonquin Power & Utilities Corp. reported a net income of 84.79M and revenue of 771.54M, resulting in a net margin of 11.0%.
Frequently Asked Questions
LIF.TO and AQN.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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