NOVA vs. AQN.TO
Compare and contrast key facts about Sunnova Energy International Inc. (NOVA) and Algonquin Power & Utilities Corp. (AQN.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVA or AQN.TO.
Key characteristics
| NOVA | AQN.TO | |
|---|---|---|
| YTD Return | -75.87% | 2.55% |
| 1Y Return | -77.45% | -20.99% |
| 3Y Return (Ann) | -55.26% | -20.57% |
| Sharpe Ratio | -0.83 | -0.78 |
| Daily Std Dev | 95.96% | 27.88% |
| Max Drawdown | -93.20% | -78.58% |
| Current Drawdown | -93.20% | -54.84% |
Fundamentals
| NOVA | AQN.TO | |
|---|---|---|
| Market Cap | $470.60M | CA$5.63B |
| EPS | -$3.53 | CA$0.04 |
| Revenue (TTM) | $720.65M | CA$2.70B |
| Gross Profit (TTM) | $299.31M | CA$1.05B |
| EBITDA (TTM) | $457.00K | CA$944.79M |
Correlation
The correlation between NOVA and AQN.TO is 0.34, 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
NOVA vs. AQN.TO - Performance Comparison
In the year-to-date period, NOVA achieves a -75.87% return, which is significantly lower than AQN.TO's 2.55% 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
NOVA vs. AQN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunnova Energy International Inc. (NOVA) 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.
Dividends
NOVA vs. AQN.TO - Dividend Comparison
NOVA has not paid dividends to shareholders, while AQN.TO's dividend yield for the trailing twelve months is around 6.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOVA Sunnova Energy International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AQN.TO Algonquin Power & Utilities Corp. | 6.89% | 6.94% | 10.63% | 4.61% | 3.90% | 3.96% | 4.82% | 4.27% | 4.82% | 4.50% | 3.83% | 4.53% |
Drawdowns
NOVA vs. AQN.TO - Drawdown Comparison
The maximum NOVA drawdown since its inception was -93.20%, which is greater than AQN.TO's maximum drawdown of -78.58%. Use the drawdown chart below to compare losses from any high point for NOVA and AQN.TO. For additional features, visit the drawdowns tool.
Volatility
NOVA vs. AQN.TO - Volatility Comparison
Sunnova Energy International Inc. (NOVA) has a higher volatility of 29.81% compared to Algonquin Power & Utilities Corp. (AQN.TO) at 9.62%. This indicates that NOVA'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.
Financials
NOVA vs. AQN.TO - Financials Comparison
This section allows you to compare key financial metrics between Sunnova Energy International Inc. 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