BTE vs. REI
BTE (Baytex Energy Corp) and REI (Ring Energy, Inc.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, BTE returned 0.64%/yr vs -16.84%/yr for REI. At a 0.42 correlation, their price movements are largely independent.
Performance
BTE vs. REI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BTE having a 56.66% return and REI slightly lower at 55.17%. Over the past 10 years, BTE has outperformed REI with an annualized return of 0.64%, while REI has yielded a comparatively lower -16.84% annualized return.
BTE
- 1D
- 0.80%
- 1M
- -1.56%
- YTD
- 56.66%
- 6M
- 56.54%
- 1Y
- 191.88%
- 3Y*
- 15.47%
- 5Y*
- 25.53%
- 10Y*
- 0.64%
REI
- 1D
- -0.74%
- 1M
- -30.41%
- YTD
- 55.17%
- 6M
- 43.62%
- 1Y
- 75.60%
- 3Y*
- -9.31%
- 5Y*
- -13.14%
- 10Y*
- -16.84%
BTE vs. REI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTE Baytex Energy Corp | 56.66% | 28.83% | -20.55% | -25.70% | 45.95% | 476.49% | -63.03% | -17.61% | -41.33% | -38.52% |
REI Ring Energy, Inc. | 55.17% | -36.03% | -6.85% | -40.65% | 7.89% | 245.51% | -75.00% | -48.03% | -63.45% | 7.01% |
Correlation
The correlation between BTE and REI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.42 |
The correlation between BTE and REI shifts across timeframes, from 0.42 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BTE:
-$0.97
REI:
-$1.70
BTE:
7.29
REI:
0.92
BTE:
$528.79M
REI:
$228.09M
BTE:
-$81.49M
REI:
$155.05M
BTE:
$388.25M
REI:
-$65.89M
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Return for Risk
BTE vs. REI — Risk / Return Rank
BTE
REI
BTE vs. REI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baytex Energy Corp (BTE) and Ring Energy, Inc. (REI). 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 | REI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.23 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 12.41 | 2.09 | +10.32 |
| Martin ratioReturn relative to average drawdown | 31.98 | 5.24 | +26.74 |
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
| BTE | REI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.06 | 1.13 | +2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | -0.21 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | -0.23 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.08 | +0.05 |
Drawdowns
BTE vs. REI - Drawdown Comparison
The maximum BTE drawdown since its inception was -99.55%, roughly equal to the maximum REI drawdown of -97.68%. Use the drawdown chart below to compare losses from any high point for BTE and REI.
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Drawdown Indicators
| BTE | REI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.55% | -97.68% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -36.36% | +20.79% |
Max Drawdown (3Y)Largest decline over 3 years | -66.67% | -69.90% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -78.29% | -85.32% | +7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -96.87% | -97.24% | +0.37% |
Current DrawdownCurrent decline from peak | -88.44% | -93.37% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -60.70% | -69.61% | +8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.04% | 14.47% | -8.43% |
Volatility
BTE vs. REI - Volatility Comparison
The current volatility for Baytex Energy Corp (BTE) is 11.64%, while Ring Energy, Inc. (REI) has a volatility of 39.63%. This indicates that BTE experiences smaller price fluctuations and is considered to be less risky than REI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTE | REI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.64% | 39.63% | -27.99% |
Volatility (6M)Calculated over the trailing 6-month period | 29.10% | 55.16% | -26.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.70% | 67.18% | -19.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.39% | 62.76% | -8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.99% | 74.23% | -8.24% |
Dividends
BTE vs. REI - Dividend Comparison
BTE's dividend yield for the trailing twelve months is around 1.30%, while REI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTE Baytex Energy Corp | 1.30% | 2.03% | 2.56% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.69% |
REI Ring Energy, 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% |
Financials
BTE vs. REI - Financials Comparison
This section allows you to compare key financial metrics between Baytex Energy Corp and Ring 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
Frequently Asked Questions
BTE and REI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REI has higher volatility (39.63%) compared to BTE (11.64%). In terms of maximum drawdown, BTE dropped -99.55% vs REI's -97.68%.
BTE currently has the higher Sharpe Ratio (4.06 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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