BTE vs. WCP.TO
Compare and contrast key facts about Baytex Energy Corp (BTE) and Whitecap Resources Inc. (WCP.TO).
Performance
BTE vs. WCP.TO - Performance Comparison
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BTE vs. WCP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTE Baytex Energy Corp | 31.79% | 28.83% | -20.55% | -25.70% | 45.95% | 476.49% | -63.03% | -17.61% | -41.33% | -38.52% |
WCP.TO Whitecap Resources Inc. | 27.24% | 27.17% | 13.89% | -10.28% | 39.14% | 60.57% | -1.62% | 44.55% | -53.15% | -18.98% |
Different Trading Currencies
BTE is traded in USD, while WCP.TO is traded in CAD. To make them comparable, the WCP.TO values have been converted to USD using the latest available exchange rates.
Fundamentals
BTE:
$3.26B
WCP.TO:
CA$17.95B
BTE:
-$0.78
WCP.TO:
CA$0.87
BTE:
2.21
WCP.TO:
3.09
BTE:
1.37
WCP.TO:
1.63
BTE:
$1.48B
WCP.TO:
CA$5.36B
BTE:
$317.97M
WCP.TO:
CA$2.25B
BTE:
$729.74M
WCP.TO:
CA$3.06B
Returns By Period
In the year-to-date period, BTE achieves a 31.79% return, which is significantly higher than WCP.TO's 27.24% return. Over the past 10 years, BTE has underperformed WCP.TO with an annualized return of 1.62%, while WCP.TO has yielded a comparatively higher 12.19% annualized return.
BTE
- 1D
- -5.15%
- 1M
- 10.28%
- YTD
- 31.79%
- 6M
- 82.91%
- 1Y
- 94.90%
- 3Y*
- 6.42%
- 5Y*
- 32.79%
- 10Y*
- 1.62%
WCP.TO
- 1D
- -6.84%
- 1M
- 5.39%
- YTD
- 27.24%
- 6M
- 41.95%
- 1Y
- 74.25%
- 3Y*
- 18.71%
- 5Y*
- 24.99%
- 10Y*
- 12.19%
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Return for Risk
BTE vs. WCP.TO — Risk / Return Rank
BTE
WCP.TO
BTE vs. WCP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baytex Energy Corp (BTE) 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 | WCP.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.18 | -0.61 |
Sortino ratioReturn per unit of downside risk | 2.13 | 2.68 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.33 | -0.51 |
Martin ratioReturn relative to average drawdown | 7.44 | 13.41 | -5.96 |
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 | WCP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.18 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.65 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.24 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.24 | -0.29 |
Correlation
The correlation between BTE and WCP.TO is 0.65, 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 vs. WCP.TO - Dividend Comparison
BTE's dividend yield for the trailing twelve months is around 1.55%, less than WCP.TO's 5.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTE Baytex Energy Corp | 1.55% | 2.03% | 2.56% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.69% |
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 vs. WCP.TO - Drawdown Comparison
The maximum BTE drawdown since its inception was -99.55%, roughly equal to the maximum WCP.TO drawdown of -95.78%. Use the drawdown chart below to compare losses from any high point for BTE and WCP.TO.
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Drawdown Indicators
| BTE | WCP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.55% | -94.40% | -5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -33.63% | -22.52% | -11.11% |
Max Drawdown (5Y)Largest decline over 5 years | -78.29% | -35.36% | -42.93% |
Max Drawdown (10Y)Largest decline over 10 years | -96.87% | -92.63% | -4.24% |
Current DrawdownCurrent decline from peak | -90.28% | -6.94% | -83.34% |
Average DrawdownAverage peak-to-trough decline | -60.46% | -41.13% | -19.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 5.95% | +6.80% |
Volatility
BTE vs. WCP.TO - Volatility Comparison
The current volatility for Baytex Energy Corp (BTE) is 8.48%, while Whitecap Resources Inc. (WCP.TO) has a volatility of 9.87%. This indicates that BTE 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 | WCP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 9.87% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 32.10% | 20.00% | +12.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.87% | 34.29% | +26.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.24% | 38.68% | +16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.18% | 50.40% | +15.78% |
Financials
BTE 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.
Total Revenue: Total amount of money received from sales and other business activities
BTE vs. WCP.TO - Profitability Comparison
BTE - 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 -464.72M and revenue of -1.33B. Therefore, the gross margin over that period was 34.8%.
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 - 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 -197.23M 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 - 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 -856.39M and revenue of -1.33B, resulting in a net margin of 64.2%.
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%.