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ATH.TO vs. OBE.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

ATH.TO vs. OBE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Athabasca Oil Corporation (ATH.TO) and Obsidian Energy Ltd. (OBE.TO).

Performance

ATH.TO vs. OBE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Athabasca Oil Corporation (ATH.TO) and Obsidian Energy Ltd. (OBE.TO). The values are adjusted to include any dividend payments, if applicable.

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ATH.TO vs. OBE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ATH.TO
Athabasca Oil Corporation		60.03%31.89%27.82%73.03%102.52%600.00%-71.19%-40.40%-7.48%-47.80%
OBE.TO
Obsidian Energy Ltd.		57.01%0.72%-7.01%0.11%72.36%498.85%-6.45%-73.95%-67.31%-34.18%

Fundamentals

Market Cap

ATH.TO:

CA$5.52B

OBE.TO:

CA$889.37M

EPS

ATH.TO:

CA$0.49

OBE.TO:

CA$0.50

PE Ratio

ATH.TO:

22.93

OBE.TO:

26.22

PEG Ratio

ATH.TO:

0.87

OBE.TO:

2.39

PS Ratio

ATH.TO:

4.19

OBE.TO:

1.53

PB Ratio

ATH.TO:

3.11

OBE.TO:

0.64

Total Revenue (TTM)

ATH.TO:

CA$1.34B

OBE.TO:

CA$601.60M

Gross Profit (TTM)

ATH.TO:

CA$561.21M

OBE.TO:

CA$313.00M

EBITDA (TTM)

ATH.TO:

CA$450.56M

OBE.TO:

CA$272.00M

Returns By Period

In the year-to-date period, ATH.TO achieves a 60.03% return, which is significantly higher than OBE.TO's 57.01% return. Over the past 10 years, ATH.TO has outperformed OBE.TO with an annualized return of 27.38%, while OBE.TO has yielded a comparatively lower 4.64% annualized return.

ATH.TO

1D
3.31%
1M
27.55%
YTD
60.03%
6M
68.92%
1Y
101.61%
3Y*
51.58%
5Y*
83.55%
10Y*
27.38%

OBE.TO

1D
0.30%
1M
23.32%
YTD
57.01%
6M
45.76%
1Y
56.82%
3Y*
15.28%
5Y*
47.09%
10Y*
4.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Athabasca Oil Corporation

Obsidian Energy Ltd.

Often compared with ATH.TO:
ATH.TO vs. SPYATH.TO vs. BTE.TOATH.TO vs. WCP.TOATH.TO vs. TVE.TOATH.TO vs. MEG.TOATH.TO vs. NVA.TOATH.TO vs. CJ.TO
Often compared with OBE.TO:
OBE.TO vs. WCP.TOOBE.TO vs. VOOOBE.TO vs. SD

Return for Risk

ATH.TO vs. OBE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ATH.TO
ATH.TO Risk / Return Rank: 9292
Overall Rank
ATH.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ATH.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
ATH.TO Omega Ratio Rank: 9292
Omega Ratio Rank
ATH.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
ATH.TO Martin Ratio Rank: 9292
Martin Ratio Rank
OBE.TO
OBE.TO Risk / Return Rank: 7272
Overall Rank
OBE.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
OBE.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
OBE.TO Omega Ratio Rank: 7070
Omega Ratio Rank
OBE.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
OBE.TO Martin Ratio Rank: 7474
Martin Ratio Rank
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.

ATH.TO vs. OBE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Athabasca Oil Corporation (ATH.TO) and Obsidian Energy Ltd. (OBE.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.

ATH.TOOBE.TODifference

Sharpe ratio

Return per unit of total volatility

2.45

1.11

+1.34

Sortino ratio

Return per unit of downside risk

2.96

1.61

+1.36

Omega ratio

Gain probability vs. loss probability

1.42

1.22

+0.20

Calmar ratio

Return relative to maximum drawdown

4.10

1.56

+2.55

Martin ratio

Return relative to average drawdown

12.35

4.21

+8.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATH.TO vs. OBE.TO - Sharpe Ratio Comparison

The current ATH.TO Sharpe Ratio is 2.45, which is higher than the OBE.TO Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of ATH.TO and OBE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ATH.TOOBE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.45

1.11

+1.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.66

0.84

+0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.07

+0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.04

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Correlation

The correlation between ATH.TO and OBE.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ATH.TO vs. OBE.TO - Dividend Comparison

Neither ATH.TO nor OBE.TO has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
ATH.TO
Athabasca Oil Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OBE.TO
Obsidian Energy Ltd.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.56%

Drawdowns

ATH.TO vs. OBE.TO - Drawdown Comparison

The maximum ATH.TO drawdown since its inception was -99.44%, roughly equal to the maximum OBE.TO drawdown of -100.37%. Use the drawdown chart below to compare losses from any high point for ATH.TO and OBE.TO.

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Drawdown Indicators

ATH.TOOBE.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.44%

-100.37%

+0.93%

Max Drawdown (1Y)

Largest decline over 1 year

-25.22%

-36.89%

+11.67%

Max Drawdown (5Y)

Largest decline over 5 years

-43.37%

-63.49%

+20.12%

Max Drawdown (10Y)

Largest decline over 10 years

-94.88%

-98.78%

+3.90%

Current Drawdown

Current decline from peak

-39.55%

-100.04%

+60.49%

Average Drawdown

Average peak-to-trough decline

-74.33%

-70.19%

-4.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.37%

13.62%

-5.25%

Volatility

ATH.TO vs. OBE.TO - Volatility Comparison

Athabasca Oil Corporation (ATH.TO) has a higher volatility of 10.94% compared to Obsidian Energy Ltd. (OBE.TO) at 8.18%. This indicates that ATH.TO's price experiences larger fluctuations and is considered to be riskier than OBE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ATH.TOOBE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.94%

8.18%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

26.35%

29.46%

-3.11%

Volatility (1Y)

Calculated over the trailing 1-year period

41.65%

51.37%

-9.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

50.71%

56.76%

-6.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

61.80%

69.15%

-7.35%

Financials

ATH.TO vs. OBE.TO - Financials Comparison

This section allows you to compare key financial metrics between Athabasca Oil Corporation and Obsidian Energy Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

100.00M200.00M300.00M400.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
290.77M
114.80M
(ATH.TO) Total Revenue
(OBE.TO) Total Revenue
Values in CAD except per share items

ATH.TO vs. OBE.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Athabasca Oil Corporation and Obsidian Energy Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
20.0%30.0%40.0%50.0%60.0%70.0%80.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
30.7%
32.0%
Portfolio components
ATH.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Athabasca Oil Corporation reported a gross profit of 89.30M and revenue of 290.77M. Therefore, the gross margin over that period was 30.7%.

OBE.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Obsidian Energy Ltd. reported a gross profit of 36.70M and revenue of 114.80M. Therefore, the gross margin over that period was 32.0%.

ATH.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Athabasca Oil Corporation reported an operating income of 75.38M and revenue of 290.77M, resulting in an operating margin of 25.9%.

OBE.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Obsidian Energy Ltd. reported an operating income of 29.80M and revenue of 114.80M, resulting in an operating margin of 26.0%.

ATH.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Athabasca Oil Corporation reported a net income of 46.60M and revenue of 290.77M, resulting in a net margin of 16.0%.

OBE.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Obsidian Energy Ltd. reported a net income of -12.30M and revenue of 114.80M, resulting in a net margin of -10.7%.