ANRG.TO vs. VLN.TO
ANRG.TO (Anaergia Inc.) and VLN.TO (Velan Inc.) are both stocks. Both are in the Industrials sector — ANRG.TO in Waste Management, VLN.TO in Specialty Industrial Machinery. Over the past 3 years, ANRG.TO returned 52.29%/yr vs 7.96%/yr for VLN.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
ANRG.TO vs. VLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ANRG.TO achieves a 23.45% return, which is significantly higher than VLN.TO's -16.84% return.
ANRG.TO
- 1D
- -2.79%
- 1M
- -7.92%
- YTD
- 23.45%
- 6M
- 17.72%
- 1Y
- 119.69%
- 3Y*
- 52.29%
- 5Y*
- —
- 10Y*
- —
VLN.TO
- 1D
- -0.70%
- 1M
- 0.06%
- YTD
- -16.84%
- 6M
- -12.87%
- 1Y
- 7.59%
- 3Y*
- 7.96%
- 5Y*
- 11.74%
- 10Y*
- -0.11%
ANRG.TO vs. VLN.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% |
VLN.TO Velan Inc. | -16.84% | 79.46% | 101.49% | 0.61% | -34.64% | -15.90% |
Correlation
The correlation between ANRG.TO and VLN.TO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2021 | 0.04 |
Fundamentals
ANRG.TO:
CA$478.22M
VLN.TO:
CA$334.79M
ANRG.TO:
CA$0.05
VLN.TO:
CA$3.42
ANRG.TO:
58.64
VLN.TO:
4.53
ANRG.TO:
2.26
VLN.TO:
1.13
ANRG.TO:
CA$210.55M
VLN.TO:
CA$297.02M
ANRG.TO:
CA$45.32M
VLN.TO:
CA$87.05M
ANRG.TO:
CA$2.05M
VLN.TO:
CA$11.27M
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Return for Risk
ANRG.TO vs. VLN.TO — Risk / Return Rank
ANRG.TO
VLN.TO
ANRG.TO vs. VLN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anaergia Inc. (ANRG.TO) and Velan Inc. (VLN.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 | VLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.09 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 0.29 | +2.99 |
| Martin ratioReturn relative to average drawdown | 6.80 | 0.63 | +6.17 |
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
| ANRG.TO | VLN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.24 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.04 | -0.33 |
Drawdowns
ANRG.TO vs. VLN.TO - Drawdown Comparison
The maximum ANRG.TO drawdown since its inception was -99.17%, which is greater than VLN.TO's maximum drawdown of -85.48%. Use the drawdown chart below to compare losses from any high point for ANRG.TO and VLN.TO.
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Drawdown Indicators
| ANRG.TO | VLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.17% | -85.48% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -36.66% | -26.16% | -10.50% |
Max Drawdown (3Y)Largest decline over 3 years | -88.38% | -60.48% | -27.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.31% | — |
Current DrawdownCurrent decline from peak | -89.25% | -37.22% | -52.03% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -51.66% | -27.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.68% | 12.15% | +5.53% |
Volatility
ANRG.TO vs. VLN.TO - Volatility Comparison
Anaergia Inc. (ANRG.TO) has a higher volatility of 15.69% compared to Velan Inc. (VLN.TO) at 3.88%. This indicates that ANRG.TO's price experiences larger fluctuations and is considered to be riskier than VLN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANRG.TO | VLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 3.88% | +11.81% |
Volatility (6M)Calculated over the trailing 6-month period | 43.69% | 27.69% | +16.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.99% | 31.50% | +32.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.69% | 61.49% | +33.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.69% | 51.61% | +43.08% |
Dividends
ANRG.TO vs. VLN.TO - Dividend Comparison
ANRG.TO has not paid dividends to shareholders, while VLN.TO's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANRG.TO Anaergia Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VLN.TO Velan Inc. | 3.42% | 3.00% | 0.00% | 0.56% | 0.56% | 0.00% | 0.43% | 1.43% | 2.14% | 2.22% | 2.32% | 2.64% |
Financials
ANRG.TO vs. VLN.TO - Financials Comparison
This section allows you to compare key financial metrics between Anaergia Inc. and Velan 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
ANRG.TO vs. VLN.TO - Profitability Comparison
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%.
VLN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Velan Inc. reported a gross profit of 17.74M and revenue of 85.52M. Therefore, the gross margin over that period was 20.8%.
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%.
VLN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Velan Inc. reported an operating income of -1.25M and revenue of 85.52M, resulting in an operating margin of -1.5%.
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%.
VLN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Velan Inc. reported a net income of -3.88M and revenue of 85.52M, resulting in a net margin of -4.5%.
Frequently Asked Questions
ANRG.TO and VLN.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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