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BTE.TO vs. NXE.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

BTE.TO vs. NXE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Baytex Energy Corp. (BTE.TO) and NexGen Energy Ltd. (NXE.TO).

Performance

BTE.TO vs. NXE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Baytex Energy Corp. (BTE.TO) and NexGen Energy Ltd. (NXE.TO). The values are adjusted to include any dividend payments, if applicable.

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BTE.TO vs. NXE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BTE.TO
Baytex Energy Corp.		40.68%23.50%-13.61%-27.29%55.50%466.67%-63.10%-22.41%-36.07%-42.53%
NXE.TO
NexGen Energy Ltd.		27.79%33.23%2.27%54.76%8.12%57.83%110.18%-30.71%-24.92%37.77%

Fundamentals

Market Cap

BTE.TO:

CA$4.78B

NXE.TO:

CA$9.88B

EPS

BTE.TO:

-CA$0.78

NXE.TO:

-CA$0.53

PB Ratio

BTE.TO:

2.00

NXE.TO:

5.39

Total Revenue (TTM)

BTE.TO:

CA$1.48B

NXE.TO:

CA$0.00

Gross Profit (TTM)

BTE.TO:

CA$318.23M

NXE.TO:

-CA$2.20M

EBITDA (TTM)

BTE.TO:

CA$730.33M

NXE.TO:

-CA$253.06M

Returns By Period

In the year-to-date period, BTE.TO achieves a 40.68% return, which is significantly higher than NXE.TO's 27.79% return. Over the past 10 years, BTE.TO has underperformed NXE.TO with an annualized return of 2.79%, while NXE.TO has yielded a comparatively higher 23.66% annualized return.

BTE.TO

1D
2.30%
1M
19.20%
YTD
40.68%
6M
92.66%
1Y
99.96%
3Y*
9.38%
5Y*
36.70%
10Y*
2.79%

NXE.TO

1D
7.17%
1M
-7.24%
YTD
27.79%
6M
29.53%
1Y
150.23%
3Y*
45.96%
5Y*
27.61%
10Y*
23.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Baytex Energy Corp.

NexGen Energy Ltd.

Often compared with BTE.TO:
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Often compared with NXE.TO:
NXE.TO vs. CCO.TONXE.TO vs. DML.TONXE.TO vs. NGT.TONXE.TO vs. CPG.TONXE.TO vs. AEMNXE.TO vs. QQC.TONXE.TO vs. GWO.TO

Return for Risk

BTE.TO vs. NXE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BTE.TO
BTE.TO Risk / Return Rank: 8585
Overall Rank
BTE.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
BTE.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
BTE.TO Omega Ratio Rank: 8484
Omega Ratio Rank
BTE.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
BTE.TO Martin Ratio Rank: 8484
Martin Ratio Rank
NXE.TO
NXE.TO Risk / Return Rank: 9494
Overall Rank
NXE.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
NXE.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
NXE.TO Omega Ratio Rank: 8989
Omega Ratio Rank
NXE.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
NXE.TO Martin Ratio Rank: 9696
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.

BTE.TO vs. NXE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baytex Energy Corp. (BTE.TO) and NexGen Energy Ltd. (NXE.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.

BTE.TONXE.TODifference

Sharpe ratio

Return per unit of total volatility

1.68

2.74

-1.06

Sortino ratio

Return per unit of downside risk

2.21

3.28

-1.07

Omega ratio

Gain probability vs. loss probability

1.32

1.38

-0.06

Calmar ratio

Return relative to maximum drawdown

2.98

6.64

-3.66

Martin ratio

Return relative to average drawdown

7.40

18.02

-10.61

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

BTE.TO vs. NXE.TO - Sharpe Ratio Comparison

The current BTE.TO Sharpe Ratio is 1.68, which is lower than the NXE.TO Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of BTE.TO and NXE.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

BTE.TONXE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

2.74

-1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.50

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.04

0.40

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.48

-0.36

Correlation

The correlation between BTE.TO and NXE.TO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BTE.TO vs. NXE.TO - Dividend Comparison

BTE.TO's dividend yield for the trailing twelve months is around 1.48%, while NXE.TO has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
BTE.TO
Baytex Energy Corp.		1.48%2.07%2.49%1.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%17.86%
NXE.TO
NexGen Energy Ltd.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

BTE.TO vs. NXE.TO - Drawdown Comparison

The maximum BTE.TO drawdown since its inception was -99.37%, which is greater than NXE.TO's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for BTE.TO and NXE.TO.

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Drawdown Indicators

BTE.TONXE.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.37%

-81.00%

-18.37%

Max Drawdown (1Y)

Largest decline over 1 year

-35.31%

-22.39%

-12.92%

Max Drawdown (5Y)

Largest decline over 5 years

-76.08%

-53.54%

-22.54%

Max Drawdown (10Y)

Largest decline over 10 years

-96.54%

-81.00%

-15.54%

Current Drawdown

Current decline from peak

-85.78%

-14.33%

-71.45%

Average Drawdown

Average peak-to-trough decline

-50.68%

-27.68%

-23.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.20%

8.25%

+5.95%

Volatility

BTE.TO vs. NXE.TO - Volatility Comparison

The current volatility for Baytex Energy Corp. (BTE.TO) is 5.66%, while NexGen Energy Ltd. (NXE.TO) has a volatility of 15.97%. This indicates that BTE.TO experiences smaller price fluctuations and is considered to be less risky than NXE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BTE.TONXE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.66%

15.97%

-10.31%

Volatility (6M)

Calculated over the trailing 6-month period

30.70%

40.97%

-10.27%

Volatility (1Y)

Calculated over the trailing 1-year period

59.88%

55.22%

+4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.08%

56.08%

-3.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.80%

58.83%

+4.97%

Financials

BTE.TO vs. NXE.TO - Financials Comparison

This section allows you to compare key financial metrics between Baytex Energy Corp. and NexGen 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

-1.00B-500.00M0.00500.00M1.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
-1.33B
0
(BTE.TO) Total Revenue
(NXE.TO) Total Revenue
Values in CAD except per share items