CLS.TO vs. TVE.TO
CLS.TO (Celestica Inc.) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. CLS.TO operates in Electronic Components (Technology), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, CLS.TO returned 44.95%/yr vs 14.90%/yr for TVE.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
CLS.TO vs. TVE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLS.TO achieves a 35.52% return, which is significantly lower than TVE.TO's 63.75% return. Over the past 10 years, CLS.TO has outperformed TVE.TO with an annualized return of 44.95%, while TVE.TO has yielded a comparatively lower 14.90% annualized return.
CLS.TO
- 1D
- 2.22%
- 1M
- 11.19%
- YTD
- 35.52%
- 6M
- 30.45%
- 1Y
- 223.16%
- 3Y*
- 212.27%
- 5Y*
- 122.50%
- 10Y*
- 44.95%
TVE.TO
- 1D
- -1.74%
- 1M
- -2.40%
- YTD
- 63.75%
- 6M
- 68.02%
- 1Y
- 170.66%
- 3Y*
- 62.92%
- 5Y*
- 41.15%
- 10Y*
- 14.90%
CLS.TO vs. TVE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLS.TO Celestica Inc. | 35.52% | 206.05% | 241.82% | 154.33% | 8.23% | 37.29% | -4.64% | -9.95% | -9.26% | -17.16% |
TVE.TO Tamarack Valley Energy Ltd. | 63.75% | 71.65% | 62.29% | -28.32% | 18.84% | 203.15% | -36.50% | -15.25% | -17.48% | -17.34% |
Correlation
The correlation between CLS.TO and TVE.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.14 |
The correlation between CLS.TO and TVE.TO shifts across timeframes, from 0.02 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CLS.TO:
CA$63.66B
TVE.TO:
CA$6.38B
CLS.TO:
$8.28
TVE.TO:
-CA$0.19
CLS.TO:
3.30
TVE.TO:
4.50
CLS.TO:
21.70
TVE.TO:
3.62
CLS.TO:
$13.81B
TVE.TO:
CA$1.44B
CLS.TO:
$1.60B
TVE.TO:
CA$560.03M
CLS.TO:
$1.36B
TVE.TO:
CA$596.84M
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Return for Risk
CLS.TO vs. TVE.TO — Risk / Return Rank
CLS.TO
TVE.TO
CLS.TO vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS.TO) and Tamarack Valley Energy Ltd. (TVE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLS.TO | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.66 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 18.36 | -11.72 |
| Martin ratioReturn relative to average drawdown | 16.31 | 58.84 | -42.53 |
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Drawdowns
CLS.TO vs. TVE.TO - Drawdown Comparison
The maximum CLS.TO drawdown since its inception was -79.32%, smaller than the maximum TVE.TO drawdown of -94.30%. Use the drawdown chart below to compare losses from any high point for CLS.TO and TVE.TO.
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Drawdown Indicators
| CLS.TO | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.32% | -94.30% | +14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -31.71% | -9.99% | -21.72% |
Max Drawdown (3Y)Largest decline over 3 years | -54.25% | -34.89% | -19.36% |
Max Drawdown (5Y)Largest decline over 5 years | -54.25% | -53.72% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -79.32% | -91.68% | +12.36% |
Current DrawdownCurrent decline from peak | -15.72% | -6.60% | -9.12% |
Average DrawdownAverage peak-to-trough decline | -28.84% | -51.13% | +22.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 3.11% | +9.78% |
Volatility
CLS.TO vs. TVE.TO - Volatility Comparison
Celestica Inc. (CLS.TO) has a higher volatility of 27.86% compared to Tamarack Valley Energy Ltd. (TVE.TO) at 15.63%. This indicates that CLS.TO's price experiences larger fluctuations and is considered to be riskier than TVE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLS.TO | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.86% | 15.63% | +12.23% |
Volatility (6M)Calculated over the trailing 6-month period | 55.27% | 29.53% | +25.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.69% | 35.60% | +36.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.60% | 43.76% | +12.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.83% | 52.95% | -4.12% |
Dividends
CLS.TO vs. TVE.TO - Dividend Comparison
CLS.TO has not paid dividends to shareholders, while TVE.TO's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLS.TO Celestica Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TVE.TO Tamarack Valley Energy Ltd. | 1.00% | 1.93% | 3.15% | 4.90% | 2.63% |
Financials
CLS.TO vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between Celestica Inc. and Tamarack Valley 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.
Total Revenue: Total amount of money received from sales and other business activities
CLS.TO vs. TVE.TO - Profitability Comparison
CLS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
TVE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a gross profit of 182.80M and revenue of 375.55M. Therefore, the gross margin over that period was 48.7%.
CLS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 267.70M and revenue of 4.05B, resulting in an operating margin of 6.6%.
TVE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported an operating income of 163.31M and revenue of 375.55M, resulting in an operating margin of 43.5%.
CLS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
TVE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a net income of 5.65M and revenue of 375.55M, resulting in a net margin of 1.5%.
Frequently Asked Questions
CLS.TO and TVE.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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