PKI.TO vs. ^GSPTSE
Compare and contrast key facts about Parkland Corporation (PKI.TO) and S&P TSX Composite Index (Canada) (^GSPTSE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PKI.TO or ^GSPTSE.
Correlation
The correlation between PKI.TO and ^GSPTSE is 0.38, 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
PKI.TO vs. ^GSPTSE - Performance Comparison
Key characteristics
PKI.TO:
-0.91
^GSPTSE:
1.77
PKI.TO:
-1.20
^GSPTSE:
2.43
PKI.TO:
0.86
^GSPTSE:
1.32
PKI.TO:
-0.68
^GSPTSE:
2.64
PKI.TO:
-1.14
^GSPTSE:
11.43
PKI.TO:
18.94%
^GSPTSE:
1.57%
PKI.TO:
23.83%
^GSPTSE:
10.16%
PKI.TO:
-71.42%
^GSPTSE:
-49.99%
PKI.TO:
-29.23%
^GSPTSE:
-3.49%
Returns By Period
In the year-to-date period, PKI.TO achieves a -20.75% return, which is significantly lower than ^GSPTSE's 18.31% return. Over the past 10 years, PKI.TO has outperformed ^GSPTSE with an annualized return of 8.15%, while ^GSPTSE has yielded a comparatively lower 5.44% annualized return.
PKI.TO
-20.75%
-8.68%
-13.25%
-20.64%
-4.03%
8.15%
^GSPTSE
18.31%
-2.71%
13.35%
18.48%
7.66%
5.44%
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Risk-Adjusted Performance
PKI.TO vs. ^GSPTSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parkland Corporation (PKI.TO) and S&P TSX Composite Index (Canada) (^GSPTSE). 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
PKI.TO vs. ^GSPTSE - Drawdown Comparison
The maximum PKI.TO drawdown since its inception was -71.42%, which is greater than ^GSPTSE's maximum drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for PKI.TO and ^GSPTSE. For additional features, visit the drawdowns tool.
Volatility
PKI.TO vs. ^GSPTSE - Volatility Comparison
Parkland Corporation (PKI.TO) has a higher volatility of 8.18% compared to S&P TSX Composite Index (Canada) (^GSPTSE) at 4.23%. This indicates that PKI.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPTSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.