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:
-0.74
^GSPTSE:
2.00
PKI.TO:
-0.93
^GSPTSE:
2.72
PKI.TO:
0.89
^GSPTSE:
1.36
PKI.TO:
-0.55
^GSPTSE:
3.01
PKI.TO:
-0.90
^GSPTSE:
12.53
PKI.TO:
19.30%
^GSPTSE:
1.63%
PKI.TO:
23.63%
^GSPTSE:
10.20%
PKI.TO:
-71.42%
^GSPTSE:
-49.99%
PKI.TO:
-28.89%
^GSPTSE:
-2.41%
Returns By Period
In the year-to-date period, PKI.TO achieves a 0.74% return, which is significantly lower than ^GSPTSE's 1.40% return. Over the past 10 years, PKI.TO has outperformed ^GSPTSE with an annualized return of 9.10%, while ^GSPTSE has yielded a comparatively lower 5.84% annualized return.
PKI.TO
0.74%
-9.91%
-10.64%
-20.38%
-3.99%
9.10%
^GSPTSE
1.40%
-2.21%
13.67%
20.13%
8.03%
5.84%
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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 5.38% compared to S&P TSX Composite Index (Canada) (^GSPTSE) at 4.20%. 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.