BTE.TO vs. CVE
Compare and contrast key facts about Baytex Energy Corp. (BTE.TO) and Cenovus Energy Inc. (CVE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTE.TO or CVE.
Key characteristics
| BTE.TO | CVE | |
|---|---|---|
| YTD Return | -2.60% | -2.37% |
| 1Y Return | -19.69% | -8.66% |
| 3Y Return (Ann) | 1.24% | 10.58% |
| 5Y Return (Ann) | 21.25% | 13.43% |
| 10Y Return (Ann) | -17.39% | -2.32% |
| Sharpe Ratio | -0.54 | -0.35 |
| Sortino Ratio | -0.53 | -0.30 |
| Omega Ratio | 0.94 | 0.96 |
| Calmar Ratio | -0.24 | -0.20 |
| Martin Ratio | -1.30 | -0.81 |
| Ulcer Index | 16.61% | 12.58% |
| Daily Std Dev | 40.20% | 29.07% |
| Max Drawdown | -99.37% | -95.02% |
| Current Drawdown | -90.77% | -46.94% |
Fundamentals
| BTE.TO | CVE | |
|---|---|---|
| Market Cap | CA$3.20B | $29.29B |
| EPS | -CA$0.58 | $1.41 |
| PEG Ratio | -0.36 | 0.45 |
| Total Revenue (TTM) | CA$3.58B | $55.67B |
| Gross Profit (TTM) | CA$878.54M | $8.37B |
| EBITDA (TTM) | CA$1.63B | $7.99B |
Correlation
The correlation between BTE.TO and CVE is 0.67, 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.
Performance
BTE.TO vs. CVE - Performance Comparison
In the year-to-date period, BTE.TO achieves a -2.60% return, which is significantly lower than CVE's -2.37% return. Over the past 10 years, BTE.TO has underperformed CVE with an annualized return of -17.39%, while CVE has yielded a comparatively higher -2.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BTE.TO vs. CVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baytex Energy Corp. (BTE.TO) and Cenovus Energy Inc. (CVE). 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.
Dividends
BTE.TO vs. CVE - Dividend Comparison
BTE.TO's dividend yield for the trailing twelve months is around 2.14%, less than CVE's 3.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTE.TO Baytex Energy Corp. | 2.14% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.86% | 13.66% | 6.34% |
CVE Cenovus Energy Inc. | 3.59% | 2.33% | 1.80% | 0.57% | 0.75% | 1.58% | 2.18% | 1.69% | 1.01% | 5.25% | 4.64% | 3.27% |
Drawdowns
BTE.TO vs. CVE - Drawdown Comparison
The maximum BTE.TO drawdown since its inception was -99.37%, roughly equal to the maximum CVE drawdown of -95.02%. Use the drawdown chart below to compare losses from any high point for BTE.TO and CVE. For additional features, visit the drawdowns tool.
Volatility
BTE.TO vs. CVE - Volatility Comparison
Baytex Energy Corp. (BTE.TO) has a higher volatility of 10.68% compared to Cenovus Energy Inc. (CVE) at 7.12%. This indicates that BTE.TO's price experiences larger fluctuations and is considered to be riskier than CVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
BTE.TO vs. CVE - Financials Comparison
This section allows you to compare key financial metrics between Baytex Energy Corp. and Cenovus Energy 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