ANRG.TO vs. TH.TO

Last updated Jun 4, 2026

ANRG.TO (Anaergia Inc.) and TH.TO (Theratechnologies Inc.) are both stocks. ANRG.TO operates in Waste Management (Industrials), while TH.TO operates in Drug Manufacturers - Specialty & Generic (Healthcare). At a 0.06 correlation, their price movements are largely independent.

Performance

ANRG.TO vs. TH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Anaergia Inc. (ANRG.TO) and Theratechnologies Inc. (TH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ANRG.TO

• 1D: -2.79%
• 1M: -7.92%
• YTD: 23.45%
• 6M: 17.72%
• 1Y: 119.69%
• 3Y*: 52.29%
• 5Y*: —
• 10Y*: —

TH.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANRG.TO vs. TH.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ANRG.TO Anaergia Inc.	23.45%	140.43%	276.00%	-94.24%	-78.51%	45.01%
TH.TO Theratechnologies Inc.	0.00%	70.61%	22.43%	-55.42%	-68.59%	-16.59%

Correlation

The correlation between ANRG.TO and TH.TO 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	0.05
Correlation (All Time) Calculated using the full available price history since Jun 21, 2021	0.06

Fundamentals

Market Cap ANRG.TO : CA$478.22M TH.TO : CA$220.65M
Total Revenue (TTM) ANRG.TO : CA$210.55M TH.TO : CA$84.38M
Gross Profit (TTM) ANRG.TO : CA$45.32M TH.TO : CA$65.58M
EBITDA (TTM) ANRG.TO : CA$2.05M TH.TO : CA$2.05M

Return for Risk

ANRG.TO vs. TH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANRG.TO

ANRG.TO Risk / Return Rank: 83
ANRG.TO Sharpe Ratio Rank: 87
ANRG.TO Sortino Ratio Rank: 84
ANRG.TO Omega Ratio Rank: 80
ANRG.TO Calmar Ratio Rank: 84
ANRG.TO Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANRG.TO vs. TH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anaergia Inc. (ANRG.TO) and Theratechnologies Inc. (TH.TO). 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.

	ANRG.TO	TH.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.28	—	—
Martin ratio: Return relative to average drawdown	6.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ANRG.TO	TH.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.29	—	—

Drawdowns

Drawdown Indicators

	ANRG.TO	TH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.17%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-88.38%	—	—
Current Drawdown Current decline from peak	-89.25%	—	—
Average Drawdown Average peak-to-trough decline	-79.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.68%	—	—

Volatility

Volatility by Period

	ANRG.TO	TH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	63.99%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.69%	—	—

Dividends

ANRG.TO vs. TH.TO - Dividend Comparison

Neither ANRG.TO nor TH.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

ANRG.TO vs. TH.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Anaergia Inc. and Theratechnologies Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ANRG.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Anaergia Inc. reported a gross profit of 10.71M and revenue of 55.23M. Therefore, the gross margin over that period was 19.4%.

TH.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Theratechnologies Inc. reported a gross profit of 13.03M and revenue of 17.73M. Therefore, the gross margin over that period was 73.5%.

ANRG.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Anaergia Inc. reported an operating income of -1.56M and revenue of 55.23M, resulting in an operating margin of -2.8%.

TH.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Theratechnologies Inc. reported an operating income of -1.90M and revenue of 17.73M, resulting in an operating margin of -10.7%.

ANRG.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Anaergia Inc. reported a net income of -1.83M and revenue of 55.23M, resulting in a net margin of -3.3%.

TH.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Theratechnologies Inc. reported a net income of -4.46M and revenue of 17.73M, resulting in a net margin of -25.2%.

Frequently Asked Questions

Can I hold both ANRG.TO and TH.TO in my portfolio?

ANRG.TO and TH.TO 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.