ALE vs IRT
Comparison between ALLETE, Inc. (ALE, Company) and Independence Realty Trust Inc (IRT, Company).
ALE is from the Utilities sector, while IRT is from the Real Estate sector.
5-Year PerformanceIRT has outperformed ALE, delivering a return of +4.1% compared to +3.1%
ALE vs IRT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ALE vs IRT - Historical Returns
Returns include dividend reinvestment.
ALE vs IRT - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ALE | IRT |
|---|---|---|
| 2026 | +0.00% | -3.10% |
| 2025 | +8.18% | -8.18% |
| 2024 | +8.85% | +32.37% |
| 2023 | -1.62% | -4.33% |
| 2022 | +1.27% | -29.80% |
| 2021 | +11.92% | +103.82% |
| 2020 | -19.81% | +2.02% |
| 2019 | +13.71% | +63.51% |
| 2018 | +6.41% | -2.85% |
| 2017 | +20.35% | +20.78% |
| 2016 | +33.87% | +30.62% |
| 2015 | -4.59% | -13.21% |
| 2014 | +16.73% | +17.32% |
| 2013 | +22.93% | +1.87% |
| 2012 | +4.37% | N/A |
| 2011 | +16.34% | N/A |
| 2010 | +18.89% | N/A |
| 2009 | +6.66% | N/A |
| 2008 | -12.20% | N/A |
| 2007 | -12.13% | N/A |
| 2006 | +5.41% | N/A |
| 2005 | +24.22% | N/A |
| 2004 | +24.41% | N/A |
| 2003 | +38.15% | N/A |
| 2002 | -7.76% | N/A |
| 2001 | +11.58% | N/A |
| 2000 | +61.13% | N/A |
| 1999 | -7.48% | N/A |
ALE vs IRT Drawdown Comparison
The maximum drawdown for ALE was -48.82%, occurring on Mar 5, 2009. Recovery took 1056 trading sessions.
The maximum drawdown for IRT was -56.38%, occurring on Apr 3, 2020. Recovery took 281 trading sessions.
The current ALE drawdown is -0.82%. The current IRT drawdown is -30.72%.
| Rank | ALE | IRT |
|---|---|---|
| #1 | -48.82% Apr 25, 2007 - Jul 1, 2011 | -56.38% Feb 13, 2020 - Mar 26, 2021 |
| #2 | -42.20% Sep 25, 2019 - May 15, 2020 | -54.74% Apr 21, 2022 - Oct 30, 2023 |
| #3 | -37.23% May 2, 2002 - Oct 24, 2003 | -33.40% Jul 10, 2014 - Jul 20, 2016 |
| #4 | -26.84% Jun 10, 2004 - Nov 12, 2004 | -25.24% Sep 23, 2016 - Jun 9, 2017 |
| #5 | -21.32% Jan 27, 2015 - Mar 10, 2016 | -20.52% Nov 24, 2017 - Jun 20, 2018 |
| #6 | -20.22% Sep 4, 2001 - Jan 30, 2002 | -14.87% Dec 31, 2021 - Mar 2, 2022 |
| #7 | -19.20% Nov 5, 1999 - Apr 25, 2000 | -12.48% Dec 6, 2018 - Jan 17, 2019 |
| #8 | -18.63% Dec 28, 2000 - Mar 30, 2001 | -10.97% Oct 31, 2019 - Feb 10, 2020 |
| #9 | -18.57% Jul 11, 2005 - Feb 6, 2007 | -9.50% Nov 24, 2021 - Dec 31, 2021 |
| #10 | -15.85% Nov 30, 2017 - Jul 5, 2018 | -9.19% Nov 7, 2013 - Jan 16, 2014 |
| #11 | -14.65% Sep 11, 2000 - Dec 8, 2000 | -8.95% Sep 5, 2017 - Oct 2, 2017 |
| #12 | -13.60% Mar 31, 2014 - Oct 30, 2014 | -8.88% Jul 20, 2021 - Aug 5, 2021 |
| #13 | -13.49% Jul 21, 2011 - Dec 22, 2011 | -8.12% Sep 28, 2018 - Dec 6, 2018 |
| #14 | -13.45% Jun 28, 2000 - Jul 10, 2000 | -7.32% Apr 27, 2021 - May 27, 2021 |
| #15 | -13.40% Jul 30, 2013 - Mar 25, 2014 | -7.07% Apr 2, 2019 - May 16, 2019 |
Correlation
Correlation between ALE and IRT is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2000 - 2026)
ALE vs IRT dividend yield comparison.
| Year | ALE | IRT |
|---|---|---|
| 2026 | 0.00% | 1.01% |
| 2025 | 3.23% | 3.83% |
| 2024 | 4.35% | 3.23% |
| 2023 | 4.43% | 4.05% |
| 2022 | 4.03% | 3.20% |
| 2021 | 3.80% | 2.24% |
| 2020 | 3.99% | 4.02% |
| 2019 | 2.90% | 5.11% |
| 2018 | 2.94% | 7.84% |
| 2017 | 2.88% | 7.14% |
| 2016 | 3.24% | 8.07% |
| 2015 | 3.97% | 9.59% |
| 2014 | 3.55% | 7.73% |
| 2013 | 3.81% | 3.20% |
| 2012 | 4.49% | 0.00% |
| 2011 | 4.24% | 0.00% |
| 2010 | 4.72% | 0.00% |
| 2009 | 5.39% | 0.00% |
| 2008 | 5.33% | 0.00% |
| 2007 | 4.14% | 0.00% |
| 2006 | 3.12% | 0.00% |
| 2005 | 2.83% | 0.00% |
| 2004 | 3.12% | 0.00% |
| 2003 | 3.69% | 0.00% |
| 2002 | 4.85% | 0.00% |
| 2001 | 4.25% | 0.00% |
| 2000 | 4.32% | 0.00% |
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