NPI.TO vs. TLT
Compare and contrast key facts about Northland Power Inc. (NPI.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NPI.TO or TLT.
Key characteristics
| NPI.TO | TLT | |
|---|---|---|
| YTD Return | -11.14% | -9.91% |
| 1Y Return | -32.95% | -11.52% |
| 3Y Return (Ann) | -17.90% | -11.73% |
| 5Y Return (Ann) | 1.31% | -4.37% |
| 10Y Return (Ann) | 6.61% | -0.04% |
| Sharpe Ratio | -1.06 | -0.82 |
| Daily Std Dev | 31.72% | 17.09% |
| Max Drawdown | -57.93% | -48.35% |
| Current Drawdown | -53.43% | -43.86% |
Correlation
The correlation between NPI.TO and TLT is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NPI.TO vs. TLT - Performance Comparison
In the year-to-date period, NPI.TO achieves a -11.14% return, which is significantly lower than TLT's -9.91% return. Over the past 10 years, NPI.TO has outperformed TLT with an annualized return of 6.61%, while TLT has yielded a comparatively lower -0.04% 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
NPI.TO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northland Power Inc. (NPI.TO) and iShares 20+ Year Treasury Bond ETF (TLT). 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
NPI.TO vs. TLT - Dividend Comparison
NPI.TO's dividend yield for the trailing twelve months is around 5.71%, more than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPI.TO Northland Power Inc. | 5.71% | 4.99% | 3.23% | 3.16% | 2.63% | 4.41% | 5.53% | 4.67% | 4.64% | 5.79% | 7.06% | 6.98% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
NPI.TO vs. TLT - Drawdown Comparison
The maximum NPI.TO drawdown since its inception was -57.93%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for NPI.TO and TLT. For additional features, visit the drawdowns tool.
Volatility
NPI.TO vs. TLT - Volatility Comparison
Northland Power Inc. (NPI.TO) has a higher volatility of 6.81% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.98%. This indicates that NPI.TO's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.