CJ.TO vs. HWX.TO
Compare and contrast key facts about Cardinal Energy Ltd. (CJ.TO) and Headwater Exploration Inc. (HWX.TO).
Performance
CJ.TO vs. HWX.TO - Performance Comparison
Loading graphics...
CJ.TO vs. HWX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJ.TO Cardinal Energy Ltd. | 32.53% | 48.34% | 14.78% | -8.86% | 87.05% | 420.73% | -68.03% | 24.70% | -52.26% | -48.12% |
HWX.TO Headwater Exploration Inc. | 37.14% | 50.40% | 12.08% | 12.22% | 16.95% | 115.48% | 231.94% | -10.00% | 31.15% | 8.93% |
Fundamentals
CJ.TO:
CA$1.83B
HWX.TO:
CA$3.09B
CJ.TO:
CA$0.13
HWX.TO:
CA$0.64
CJ.TO:
88.26
HWX.TO:
20.13
CJ.TO:
3.73
HWX.TO:
5.42
CJ.TO:
2.19
HWX.TO:
4.13
CJ.TO:
CA$492.81M
HWX.TO:
CA$568.81M
CJ.TO:
CA$224.06M
HWX.TO:
CA$281.14M
CJ.TO:
CA$205.23M
HWX.TO:
CA$331.91M
Returns By Period
In the year-to-date period, CJ.TO achieves a 32.53% return, which is significantly lower than HWX.TO's 37.14% return. Over the past 10 years, CJ.TO has underperformed HWX.TO with an annualized return of 10.32%, while HWX.TO has yielded a comparatively higher 40.27% annualized return.
CJ.TO
- 1D
- -1.30%
- 1M
- 15.20%
- YTD
- 32.53%
- 6M
- 51.77%
- 1Y
- 91.50%
- 3Y*
- 29.04%
- 5Y*
- 43.82%
- 10Y*
- 10.32%
HWX.TO
- 1D
- -1.08%
- 1M
- 2.31%
- YTD
- 37.14%
- 6M
- 73.11%
- 1Y
- 107.75%
- 3Y*
- 33.81%
- 5Y*
- 29.87%
- 10Y*
- 40.27%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CJ.TO vs. HWX.TO — Risk / Return Rank
CJ.TO
HWX.TO
CJ.TO vs. HWX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Energy Ltd. (CJ.TO) and Headwater Exploration Inc. (HWX.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.
| CJ.TO | HWX.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.75 | 3.01 | -0.25 |
Sortino ratioReturn per unit of downside risk | 3.13 | 3.44 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.50 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.95 | 4.68 | -0.73 |
Martin ratioReturn relative to average drawdown | 16.86 | 19.44 | -2.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CJ.TO | HWX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 3.01 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.78 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.79 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.11 | +0.01 |
Correlation
The correlation between CJ.TO and HWX.TO is 0.31, 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
CJ.TO vs. HWX.TO - Dividend Comparison
CJ.TO's dividend yield for the trailing twelve months is around 5.80%, more than HWX.TO's 2.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJ.TO Cardinal Energy Ltd. | 5.80% | 8.29% | 11.11% | 11.46% | 4.99% | 0.00% | 3.66% | 5.77% | 17.79% | 8.25% | 3.97% | 9.58% |
HWX.TO Headwater Exploration Inc. | 2.57% | 4.70% | 6.05% | 6.40% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CJ.TO vs. HWX.TO - Drawdown Comparison
The maximum CJ.TO drawdown since its inception was -97.53%, roughly equal to the maximum HWX.TO drawdown of -97.00%. Use the drawdown chart below to compare losses from any high point for CJ.TO and HWX.TO.
Loading graphics...
Drawdown Indicators
| CJ.TO | HWX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -97.00% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -23.99% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -35.20% | -38.30% | +3.10% |
Max Drawdown (10Y)Largest decline over 10 years | -95.79% | -40.00% | -55.79% |
Current DrawdownCurrent decline from peak | -1.30% | -2.58% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -53.59% | -61.29% | +7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 5.78% | -0.28% |
Volatility
CJ.TO vs. HWX.TO - Volatility Comparison
The current volatility for Cardinal Energy Ltd. (CJ.TO) is 5.90%, while Headwater Exploration Inc. (HWX.TO) has a volatility of 8.52%. This indicates that CJ.TO experiences smaller price fluctuations and is considered to be less risky than HWX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CJ.TO | HWX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 8.52% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 22.61% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.41% | 36.10% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.74% | 38.93% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.39% | 51.48% | +3.91% |
Financials
CJ.TO vs. HWX.TO - Financials Comparison
This section allows you to compare key financial metrics between Cardinal Energy Ltd. and Headwater Exploration 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
CJ.TO vs. HWX.TO - Profitability Comparison
CJ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Cardinal Energy Ltd. reported a gross profit of 22.68M and revenue of 109.19M. Therefore, the gross margin over that period was 20.8%.
HWX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Headwater Exploration Inc. reported a gross profit of 55.89M and revenue of 128.20M. Therefore, the gross margin over that period was 43.6%.
CJ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cardinal Energy Ltd. reported an operating income of 14.17M and revenue of 109.19M, resulting in an operating margin of 13.0%.
HWX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Headwater Exploration Inc. reported an operating income of 39.38M and revenue of 128.20M, resulting in an operating margin of 30.7%.
CJ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cardinal Energy Ltd. reported a net income of -29.92M and revenue of 109.19M, resulting in a net margin of -27.4%.
HWX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Headwater Exploration Inc. reported a net income of 29.31M and revenue of 128.20M, resulting in a net margin of 22.9%.