CVE vs. BTE.TO
Compare and contrast key facts about Cenovus Energy Inc. (CVE) and Baytex Energy Corp. (BTE.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVE or BTE.TO.
Key characteristics
| CVE | BTE.TO | |
|---|---|---|
| YTD Return | 22.85% | 11.07% |
| 1Y Return | 34.68% | 4.01% |
| 3Y Return (Ann) | 40.25% | 50.22% |
| 5Y Return (Ann) | 19.64% | 11.98% |
| 10Y Return (Ann) | -1.75% | -19.25% |
| Sharpe Ratio | 0.91 | -0.07 |
| Daily Std Dev | 29.06% | 40.25% |
| Max Drawdown | -95.01% | -99.37% |
| Current Drawdown | -33.15% | -89.48% |
Fundamentals
| CVE | BTE.TO | |
|---|---|---|
| Market Cap | $40.07B | CA$4.41B |
| EPS | $1.55 | -CA$0.33 |
| PE Ratio | 13.85 | 3.55 |
| PEG Ratio | 0.45 | -0.36 |
| Revenue (TTM) | $52.20B | CA$2.71B |
| Gross Profit (TTM) | $16.00B | CA$1.67B |
| EBITDA (TTM) | $9.91B | CA$1.70B |
Correlation
The correlation between CVE and BTE.TO is 0.67, 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.
Performance
CVE vs. BTE.TO - Performance Comparison
In the year-to-date period, CVE achieves a 22.85% return, which is significantly higher than BTE.TO's 11.07% return. Over the past 10 years, CVE has outperformed BTE.TO with an annualized return of -1.75%, while BTE.TO has yielded a comparatively lower -19.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CVE vs. BTE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE) and Baytex Energy Corp. (BTE.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.
Dividends
CVE vs. BTE.TO - Dividend Comparison
CVE's dividend yield for the trailing twelve months is around 2.05%, more than BTE.TO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 2.05% | 2.34% | 1.81% | 0.56% | 0.74% | 1.57% | 2.16% | 1.69% | 1.01% | 5.22% | 4.62% | 3.25% |
BTE.TO Baytex Energy Corp. | 1.39% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.86% | 13.66% | 6.34% |
Drawdowns
CVE vs. BTE.TO - Drawdown Comparison
The maximum CVE drawdown since its inception was -95.01%, roughly equal to the maximum BTE.TO drawdown of -99.37%. Use the drawdown chart below to compare losses from any high point for CVE and BTE.TO. For additional features, visit the drawdowns tool.
Volatility
CVE vs. BTE.TO - Volatility Comparison
The current volatility for Cenovus Energy Inc. (CVE) is 7.45%, while Baytex Energy Corp. (BTE.TO) has a volatility of 11.86%. This indicates that CVE experiences smaller price fluctuations and is considered to be less risky than BTE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
CVE vs. BTE.TO - Financials Comparison
This section allows you to compare key financial metrics between Cenovus Energy Inc. and Baytex Energy Corp.. 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