NPI.TO vs. ^TNX
Compare and contrast key facts about Northland Power Inc. (NPI.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NPI.TO or ^TNX.
Key characteristics
| NPI.TO | ^TNX | |
|---|---|---|
| YTD Return | -11.14% | 21.21% |
| 1Y Return | -32.95% | 31.11% |
| 3Y Return (Ann) | -17.90% | 42.36% |
| 5Y Return (Ann) | 1.31% | 12.97% |
| 10Y Return (Ann) | 6.61% | 6.12% |
| Sharpe Ratio | -1.06 | 1.38 |
| Daily Std Dev | 31.72% | 25.93% |
| Max Drawdown | -57.93% | -93.78% |
| Current Drawdown | -53.43% | -41.59% |
Correlation
The correlation between NPI.TO and ^TNX is 0.03, 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
NPI.TO vs. ^TNX - Performance Comparison
In the year-to-date period, NPI.TO achieves a -11.14% return, which is significantly lower than ^TNX's 21.21% return. Over the past 10 years, NPI.TO has outperformed ^TNX with an annualized return of 6.61%, while ^TNX has yielded a comparatively lower 6.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NPI.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northland Power Inc. (NPI.TO) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
NPI.TO vs. ^TNX - Drawdown Comparison
The maximum NPI.TO drawdown since its inception was -57.93%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for NPI.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
NPI.TO vs. ^TNX - Volatility Comparison
Northland Power Inc. (NPI.TO) and Treasury Yield 10 Years (^TNX) have volatilities of 6.81% and 7.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.