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

BTE.TO vs. WCP.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Baytex Energy Corp. (BTE.TO) and Whitecap Resources Inc. (WCP.TO).

Performance

BTE.TO vs. WCP.TO - Performance Comparison

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

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

2026 (YTD)202520242023202220212020201920182017
BTE.TO
Baytex Energy Corp.		32.54%23.50%-13.61%-27.29%55.50%466.67%-63.10%-22.41%-36.07%-42.53%
WCP.TO
Whitecap Resources Inc.		28.74%21.35%23.66%-12.28%49.11%59.39%-3.55%37.68%-49.21%-24.21%

Fundamentals

Market Cap

BTE.TO:

CA$4.51B

WCP.TO:

CA$17.95B

EPS

BTE.TO:

-CA$0.78

WCP.TO:

CA$0.87

PS Ratio

BTE.TO:

3.05

WCP.TO:

3.09

PB Ratio

BTE.TO:

1.89

WCP.TO:

1.63

Total Revenue (TTM)

BTE.TO:

CA$1.48B

WCP.TO:

CA$5.36B

Gross Profit (TTM)

BTE.TO:

CA$318.23M

WCP.TO:

CA$2.25B

EBITDA (TTM)

BTE.TO:

CA$730.33M

WCP.TO:

CA$3.06B

Returns By Period

In the year-to-date period, BTE.TO achieves a 32.54% return, which is significantly higher than WCP.TO's 28.74% return. Over the past 10 years, BTE.TO has underperformed WCP.TO with an annualized return of 2.18%, while WCP.TO has yielded a comparatively higher 12.93% annualized return.

BTE.TO

1D
-5.79%
1M
11.66%
YTD
32.54%
6M
80.95%
1Y
88.98%
3Y*
7.23%
5Y*
35.08%
10Y*
2.18%

WCP.TO

1D
-6.94%
1M
6.98%
YTD
28.74%
6M
41.43%
1Y
69.22%
3Y*
19.78%
5Y*
27.56%
10Y*
12.93%
*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.

Whitecap Resources Inc.

Often compared with BTE.TO:
BTE.TO vs. ATH.TOBTE.TO vs. CVEBTE.TO vs. EXE.TOBTE.TO vs. XEQT.TOBTE.TO vs. DOL.TOBTE.TO vs. NXE.TOBTE.TO vs. MDA.TO
Often compared with WCP.TO:
WCP.TO vs. CNQ.TOWCP.TO vs. ENB.TOWCP.TO vs. TVE.TOWCP.TO vs. CJ.TOWCP.TO vs. ARX.TOWCP.TO vs. SU.TOWCP.TO vs. ATH.TO

Return for Risk

BTE.TO vs. WCP.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: 8181
Overall Rank
BTE.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
BTE.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
BTE.TO Omega Ratio Rank: 8080
Omega Ratio Rank
BTE.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
BTE.TO Martin Ratio Rank: 8080
Martin Ratio Rank
WCP.TO
WCP.TO Risk / Return Rank: 8989
Overall Rank
WCP.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
WCP.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
WCP.TO Omega Ratio Rank: 8989
Omega Ratio Rank
WCP.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
WCP.TO Martin Ratio Rank: 9191
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. WCP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baytex Energy Corp. (BTE.TO) and Whitecap Resources Inc. (WCP.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.TOWCP.TODifference

Sharpe ratio

Return per unit of total volatility

1.49

2.11

-0.62

Sortino ratio

Return per unit of downside risk

2.05

2.57

-0.52

Omega ratio

Gain probability vs. loss probability

1.29

1.39

-0.09

Calmar ratio

Return relative to maximum drawdown

2.50

3.06

-0.55

Martin ratio

Return relative to average drawdown

6.22

11.56

-5.34

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. WCP.TO - Sharpe Ratio Comparison

The current BTE.TO Sharpe Ratio is 1.49, which is comparable to the WCP.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of BTE.TO and WCP.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.TOWCP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

2.11

-0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.77

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.03

0.27

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.00

+0.12

Correlation

The correlation between BTE.TO and WCP.TO is 0.48, 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

BTE.TO vs. WCP.TO - Dividend Comparison

BTE.TO's dividend yield for the trailing twelve months is around 1.57%, less than WCP.TO's 5.01% yield.

TTM20252024202320222021202020192018201720162015
BTE.TO
Baytex Energy Corp.		1.57%2.07%2.49%1.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%17.86%
WCP.TO
Whitecap Resources Inc.		5.01%6.37%7.18%6.93%3.61%2.75%4.38%6.13%7.33%3.11%2.85%8.34%

Drawdowns

BTE.TO vs. WCP.TO - Drawdown Comparison

The maximum BTE.TO drawdown since its inception was -99.37%, which is greater than WCP.TO's maximum drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for BTE.TO and WCP.TO.

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Drawdown Indicators

BTE.TOWCP.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.37%

-94.40%

-4.97%

Max Drawdown (1Y)

Largest decline over 1 year

-35.31%

-22.52%

-12.79%

Max Drawdown (5Y)

Largest decline over 5 years

-76.08%

-35.36%

-40.72%

Max Drawdown (10Y)

Largest decline over 10 years

-96.54%

-92.63%

-3.91%

Current Drawdown

Current decline from peak

-86.60%

-6.94%

-79.66%

Average Drawdown

Average peak-to-trough decline

-50.68%

-41.13%

-9.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.21%

5.95%

+8.26%

Volatility

BTE.TO vs. WCP.TO - Volatility Comparison

The current volatility for Baytex Energy Corp. (BTE.TO) is 8.82%, while Whitecap Resources Inc. (WCP.TO) has a volatility of 10.13%. This indicates that BTE.TO experiences smaller price fluctuations and is considered to be less risky than WCP.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.TOWCP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.82%

10.13%

-1.31%

Volatility (6M)

Calculated over the trailing 6-month period

31.06%

19.08%

+11.98%

Volatility (1Y)

Calculated over the trailing 1-year period

60.16%

33.05%

+27.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.08%

36.00%

+17.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.81%

47.66%

+16.15%

Financials

BTE.TO vs. WCP.TO - Financials Comparison

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

Quarterly
Annual

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

-1.00B-500.00M0.00500.00M1.00B1.50BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
-1.33B
1.51B
(BTE.TO) Total Revenue
(WCP.TO) Total Revenue
Values in CAD except per share items

BTE.TO vs. WCP.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Baytex Energy Corp. and Whitecap Resources Inc. 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%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
34.9%
26.0%
Portfolio components
BTE.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Baytex Energy Corp. reported a gross profit of -464.46M and revenue of -1.33B. Therefore, the gross margin over that period was 34.9%.

WCP.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Whitecap Resources Inc. reported a gross profit of 391.50M and revenue of 1.51B. Therefore, the gross margin over that period was 26.0%.

BTE.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Baytex Energy Corp. reported an operating income of -197.04M and revenue of -1.33B, resulting in an operating margin of 14.8%.

WCP.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Whitecap Resources Inc. reported an operating income of 315.90M and revenue of 1.51B, resulting in an operating margin of 21.0%.

BTE.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Baytex Energy Corp. reported a net income of -856.89M and revenue of -1.33B, resulting in a net margin of 64.3%.

WCP.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Whitecap Resources Inc. reported a net income of 307.20M and revenue of 1.51B, resulting in a net margin of 20.4%.