X.TO vs. FTS
X.TO (TMX Group Limited) and FTS (Fortis Inc) are both stocks. X.TO operates in Financial Data & Stock Exchanges (Financial Services), while FTS operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, X.TO returned 30.46%/yr vs 10.61%/yr for FTS. At a 0.18 correlation, their price movements are largely independent.
Performance
X.TO vs. FTS - Performance Comparison
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Different Trading Currencies
X.TO is traded in CAD, while FTS is traded in USD. To make them comparable, the FTS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, X.TO achieves a -3.55% return, which is significantly lower than FTS's 9.75% return. Over the past 10 years, X.TO has outperformed FTS with an annualized return of 30.46%, while FTS has yielded a comparatively lower 10.61% annualized return.
X.TO
- 1D
- 0.67%
- 1M
- -9.45%
- YTD
- -3.55%
- 6M
- -1.75%
- 1Y
- -8.33%
- 3Y*
- 21.55%
- 5Y*
- 24.12%
- 10Y*
- 30.46%
FTS
- 1D
- -1.23%
- 1M
- 1.04%
- YTD
- 9.75%
- 6M
- 11.47%
- 1Y
- 22.36%
- 3Y*
- 14.77%
- 5Y*
- 10.89%
- 10Y*
- 10.61%
X.TO vs. FTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X.TO TMX Group Limited | -3.55% | 19.83% | 40.85% | 27.51% | 20.20% | 28.63% | 25.96% | 80.88% | 15.53% | 13.73% |
FTS Fortis Inc | 9.79% | 23.70% | 14.77% | 4.82% | -8.23% | 22.67% | -0.51% | 23.68% | 2.05% | 16.03% |
Correlation
The correlation between X.TO and FTS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.18 |
The correlation between X.TO and FTS shifts across timeframes, from -0.02 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
X.TO:
CA$13.93B
FTS:
$28.01B
X.TO:
CA$9.15
FTS:
$3.40
X.TO:
5.45
FTS:
16.21
X.TO:
0.45
FTS:
2.36
X.TO:
1.41
FTS:
2.39
X.TO:
0.29
FTS:
1.23
X.TO:
CA$9.91B
FTS:
$12.22B
X.TO:
CA$4.54B
FTS:
$7.44B
X.TO:
CA$4.93B
FTS:
$5.80B
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Return for Risk
X.TO vs. FTS — Risk / Return Rank
X.TO
FTS
X.TO vs. FTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TMX Group Limited (X.TO) and Fortis Inc (FTS). 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.
| X.TO | FTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.62 | -3.98 |
| Martin ratioReturn relative to average drawdown | -0.79 | 8.22 | -9.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| X.TO | FTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | 1.59 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.63 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.43 | 0.53 | +0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.58 | +0.47 |
Drawdowns
X.TO vs. FTS - Drawdown Comparison
The maximum X.TO drawdown since its inception was -51.85%, which is greater than FTS's maximum drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for X.TO and FTS.
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Drawdown Indicators
| X.TO | FTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.85% | -28.34% | -23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -22.81% | -6.21% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -11.68% | -11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -24.07% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -27.26% | -28.34% | +1.08% |
Current DrawdownCurrent decline from peak | -12.41% | -3.58% | -8.83% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -5.48% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.56% | 2.73% | +7.83% |
Volatility
X.TO vs. FTS - Volatility Comparison
TMX Group Limited (X.TO) has a higher volatility of 9.36% compared to Fortis Inc (FTS) at 4.68%. This indicates that X.TO's price experiences larger fluctuations and is considered to be riskier than FTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X.TO | FTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 4.68% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 10.93% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 14.15% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 17.29% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 20.01% | +1.53% |
Dividends
X.TO vs. FTS - Dividend Comparison
X.TO's dividend yield for the trailing twelve months is around 1.84%, less than FTS's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 3.34% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 4.94% | 0.00% |
X.TO TMX Group Limited | 1.84% | 1.61% | 1.69% | 6.55% | 12.25% | 23.74% | 10.70% | 11.20% | 15.83% | 13.84% | 11.54% | 22.35% |
Financials
X.TO vs. FTS - Financials Comparison
This section allows you to compare key financial metrics between TMX Group Limited and Fortis Inc. 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
X.TO vs. FTS - Profitability Comparison
X.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TMX Group Limited reported a gross profit of 3.58B and revenue of 7.41B. Therefore, the gross margin over that period was 48.3%.
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.
X.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TMX Group Limited reported an operating income of 2.39B and revenue of 7.41B, resulting in an operating margin of 32.2%.
FTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.
X.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TMX Group Limited reported a net income of 2.25B and revenue of 7.41B, resulting in a net margin of 30.3%.
FTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.
Frequently Asked Questions
X.TO and FTS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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