GRDX vs. BTE
GRDX (GridAI Technologies Corp) and BTE (Baytex Energy Corp) are both stocks. GRDX operates in Biotechnology (Healthcare), while BTE operates in Oil & Gas E&P (Energy). Over the past 5 years, GRDX returned -86.48%/yr vs 19.74%/yr for BTE. At a 0.07 correlation, their price movements are largely independent.
Performance
GRDX vs. BTE - Performance Comparison
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Returns By Period
In the year-to-date period, GRDX achieves a -12.66% return, which is significantly lower than BTE's 31.31% return.
GRDX
- 1D
- -9.56%
- 1M
- -22.77%
- 6M
- 0.49%
- YTD
- -12.66%
- 1Y
- 176.87%
- 3Y*
- -58.51%
- 5Y*
- -86.48%
- 10Y*
- —
BTE
- 1D
- 3.44%
- 1M
- -8.95%
- 6M
- 25.12%
- YTD
- 31.31%
- 1Y
- 123.63%
- 3Y*
- 9.50%
- 5Y*
- 19.74%
- 10Y*
- -2.03%
GRDX vs. BTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRDX GridAI Technologies Corp | -12.66% | 149.73% | -85.19% | -96.57% | -97.98% | -85.10% | -6.73% | -14.05% | -66.73% | -23.27% |
BTE Baytex Energy Corp | 31.31% | 28.83% | -20.55% | -25.70% | 45.95% | 476.49% | -63.03% | -17.61% | -41.33% | -38.52% |
Correlation
The correlation between GRDX and BTE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | 0.07 |
The correlation between GRDX and BTE shifts across timeframes, from -0.04 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GRDX:
$13.68M
BTE:
$3.00B
GRDX:
-$4.01
BTE:
-CA$0.97
GRDX:
183.53
BTE:
8.59
GRDX:
0.31
BTE:
2.08
GRDX:
$36.25K
BTE:
CA$528.79M
GRDX:
$0.00
BTE:
-CA$81.49M
GRDX:
-$7.19M
BTE:
CA$388.25M
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Return for Risk
GRDX vs. BTE — Risk / Return Rank
GRDX
BTE
GRDX vs. BTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GridAI Technologies Corp (GRDX) and Baytex Energy Corp (BTE). 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.
| GRDX | BTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 4.54 | -1.78 |
| Martin ratioReturn relative to average drawdown | 4.58 | 14.75 | -10.18 |
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Drawdowns
GRDX vs. BTE - Drawdown Comparison
The maximum GRDX drawdown since its inception was -100.00%, roughly equal to the maximum BTE drawdown of -99.55%. Use the drawdown chart below to compare losses from any high point for GRDX and BTE.
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Drawdown Indicators
| GRDX | BTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.55% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -64.39% | -27.38% | -37.01% |
Max Drawdown (3Y)Largest decline over 3 years | -98.75% | -66.67% | -32.08% |
Max Drawdown (5Y)Largest decline over 5 years | -100.00% | -78.29% | -21.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.27% | — |
Current DrawdownCurrent decline from peak | -100.00% | -90.31% | -9.69% |
Average DrawdownAverage peak-to-trough decline | -80.00% | -60.84% | -19.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.81% | 8.42% | +30.39% |
Volatility
GRDX vs. BTE - Volatility Comparison
GridAI Technologies Corp (GRDX) has a higher volatility of 26.00% compared to Baytex Energy Corp (BTE) at 12.00%. This indicates that GRDX's price experiences larger fluctuations and is considered to be riskier than BTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRDX | BTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.00% | 12.00% | +14.00% |
Volatility (6M)Calculated over the trailing 6-month period | 83.21% | 30.17% | +53.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.52% | 46.21% | +102.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.63% | 54.23% | +86.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.44% | 65.39% | +53.05% |
Dividends
GRDX vs. BTE - Dividend Comparison
GRDX has not paid dividends to shareholders, while BTE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTE Baytex Energy Corp | 1.53% | 2.03% | 2.56% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.69% |
GRDX GridAI Technologies Corp | 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
GRDX vs. BTE - Financials Comparison
This section allows you to compare key financial metrics between GridAI Technologies Corp 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
Frequently Asked Questions
GRDX and BTE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRDX has higher volatility (26.00%) compared to BTE (12.00%). In terms of maximum drawdown, GRDX dropped -100.00% vs BTE's -99.55%.
BTE currently has the higher Sharpe Ratio (2.70 vs 1.20), 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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