AQN vs HCXY

Comparison between Algonquin Power & Utilities Corp (AQN, Company) and Hercules Capital Inc (HCXY, Company).

AQN is from the Utilities sector, while HCXY is from the Financials sector.

5-Year PerformanceHCXY has outperformed AQN, delivering a return of +4.9% compared to -12.7%

AQN vs HCXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AQN(COMPANY)	HCXY(COMPANY)
Market Cap	$4.53B	$4.56B
Max Drawdown	75.93%	34.76%
Sharpe Ratio	0.34	0.21
5Y Beta	0.50	-0.02
Industry	Utilities - Diversified	Investment Banking & Investment Services
P/E Ratio	25.05	13.27
Forward P/E	16.10	N/A
PEG Ratio	N/A	0.76
Dividend Yield	4.51%	5.01%
5Y Dividends CAGR	-12.13%	4.56%
5Y EPS CAGR	-9.80%	N/A
Debt to Equity	140.76%	103.18%
Free Cash Flow Yield	13.11%	-9.35%

Market Cap

AQN

$4.53B

Winner

HCXY

$4.56B

Max Drawdown

AQN

75.93%

Winner

HCXY

34.76%

Sharpe Ratio

Winner

AQN

0.34

HCXY

0.21

5Y Beta

AQN

0.50

Winner

HCXY

-0.02

Industry

AQN

Utilities - Diversified

HCXY

Investment Banking & Investment Services

P/E Ratio

AQN

25.05

Winner

HCXY

13.27

Forward P/E

AQN

16.10

HCXY

N/A

PEG Ratio

AQN

N/A

HCXY

0.76

Dividend Yield

AQN

4.51%

Winner

HCXY

5.01%

5Y Dividends CAGR

AQN

-12.13%

Winner

HCXY

4.56%

5Y EPS CAGR

AQN

-9.80%

HCXY

N/A

Debt to Equity

AQN

140.76%

Winner

HCXY

103.18%

Free Cash Flow Yield

Winner

AQN

13.11%

HCXY

-9.35%

AQN vs HCXY - Historical Returns

Returns include dividend reinvestment.

Period	AQN	HCXY
1 month	-4.68%	-1.04%
3 months	-10.86%	-0.67%
6 months	+1.27%	+1.15%
1 year	+12.73%	+5.46%
5 years(CAGR)	-12.74%	+4.85%
10 years(CAGR)	+1.26%	N/A
Max(CAGR)	+8.78%	+6.70%

AQN

-4.68%

Winner

HCXY

-1.04%

AQN

-10.86%

Winner

HCXY

-0.67%

Winner

AQN

+1.27%

HCXY

+1.15%

Winner

AQN

+12.73%

HCXY

+5.46%

5Y(CAGR)

AQN

-12.74%

Winner

HCXY

+4.85%

10Y(CAGR)

AQN

+1.26%

HCXY

N/A

Max(CAGR)

Winner

AQN

+8.78%

HCXY

+6.70%

AQN vs HCXY - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	AQN	HCXY
2026	-2.41%	-0.20%
2025	+41.89%	+7.15%
2024	-26.60%	+6.06%
2023	-0.32%	+11.82%
2022	-51.42%	-2.14%
2021	-7.04%	+4.59%
2020	+22.42%	+7.89%
2019	+48.35%	+19.30%
2018	-4.96%	-2.28%
2017	+39.71%	N/A
2016	+15.29%	N/A
2015	+0.44%	N/A
2014	+26.60%	N/A
2013	-0.20%	N/A
2012	+14.24%	N/A
2011	+31.89%	N/A
2010	+34.05%	N/A
2009	+16.77%	N/A

AQN vs HCXY Drawdown Comparison

The maximum drawdown for AQN was -69.78%, occurring on Dec 19, 2024. This drawdown has not yet recovered.

The maximum drawdown for HCXY was -34.76%, occurring on Mar 20, 2020. Recovery took 146 trading sessions.

The current AQN drawdown is -55.49%. The current HCXY drawdown is -1.84%.

Rank	AQN	HCXY
#1	-69.78% Feb 11, 2021 - Dec 19, 2024	-34.76% Feb 26, 2020 - Sep 23, 2020
#2	-42.85% Feb 21, 2020 - Nov 10, 2020	-15.28% Oct 14, 2021 - Jan 13, 2023
#3	-26.95% May 10, 2013 - Jul 2, 2014	-11.53% Feb 7, 2023 - Jul 17, 2023
#4	-26.12% Mar 17, 2010 - Sep 29, 2010	-9.12% Sep 28, 2018 - Jan 4, 2019
#5	-24.47% Dec 2, 2014 - Feb 2, 2016	-7.45% Jul 21, 2023 - Nov 8, 2023
#6	-19.18% Jul 21, 2011 - Dec 22, 2011	-4.21% Jul 22, 2019 - Aug 28, 2019
#7	-17.49% Aug 18, 2016 - Mar 15, 2017	-4.00% Nov 8, 2023 - Dec 22, 2023
#8	-16.53% Aug 29, 2014 - Nov 7, 2014	-3.97% Jul 15, 2021 - Oct 14, 2021
#9	-14.47% Jan 15, 2010 - Mar 9, 2010	-3.91% Jan 14, 2021 - Apr 14, 2021
#10	-13.95% Dec 28, 2017 - Dec 7, 2018	-3.58% Feb 5, 2024 - May 14, 2024
#11	-12.96% Feb 4, 2016 - Apr 26, 2016	-3.58% Oct 22, 2024 - Feb 26, 2025
#12	-12.53% Mar 2, 2012 - May 3, 2012	-3.55% Jan 13, 2023 - Feb 7, 2023
#13	-10.79% Apr 6, 2011 - May 19, 2011	-3.42% Sep 9, 2019 - Nov 29, 2019
#14	-9.48% Dec 7, 2018 - Jan 24, 2019	-3.26% Nov 4, 2020 - Nov 13, 2020
#15	-8.67% Nov 5, 2010 - Dec 15, 2010	-3.20% Feb 18, 2026 - Mar 31, 2026

Correlation

Correlation between AQN and HCXY is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

-101

Dividend Comparison (2009 - 2026)

AQN vs HCXY dividend yield comparison.

Year	AQN	HCXY
2026	1.10%	3.16%
2025	4.23%	6.13%
2024	7.80%	6.21%
2023	6.87%	6.19%
2022	10.94%	6.35%
2021	4.62%	5.86%
2020	3.68%	5.83%
2019	3.90%	5.93%
2018	4.99%	0.67%
2017	4.18%	0.00%
2016	4.88%	0.00%
2015	4.78%	0.00%
2014	4.17%	0.00%
2013	4.87%	0.00%
2012	4.30%	0.00%
2011	4.30%	0.00%
2010	4.76%	0.00%
2009	0.52%	0.00%