GWO.TO vs. TVE.TO
GWO.TO (Great-West Lifeco Inc.) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. GWO.TO operates in Insurance - Life (Financial Services), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, GWO.TO returned 14.28%/yr vs 15.03%/yr for TVE.TO. At a 0.15 correlation, their price movements are largely independent.
Performance
GWO.TO vs. TVE.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GWO.TO achieves a 20.66% return, which is significantly lower than TVE.TO's 74.07% return. Over the past 10 years, GWO.TO has underperformed TVE.TO with an annualized return of 14.28%, while TVE.TO has yielded a comparatively higher 15.03% annualized return.
GWO.TO
- 1D
- -2.10%
- 1M
- 5.99%
- YTD
- 20.66%
- 6M
- 28.10%
- 1Y
- 62.42%
- 3Y*
- 34.22%
- 5Y*
- 22.89%
- 10Y*
- 14.28%
TVE.TO
- 1D
- 4.06%
- 1M
- 14.47%
- YTD
- 74.07%
- 6M
- 74.35%
- 1Y
- 209.16%
- 3Y*
- 64.95%
- 5Y*
- 42.99%
- 10Y*
- 15.03%
GWO.TO vs. TVE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWO.TO Great-West Lifeco Inc. | 20.66% | 48.38% | 14.28% | 47.70% | -12.58% | 31.45% | -2.64% | 24.53% | -15.76% | 4.08% |
TVE.TO Tamarack Valley Energy Ltd. | 74.07% | 71.65% | 62.29% | -28.32% | 18.84% | 203.15% | -36.50% | -15.25% | -17.48% | -17.34% |
Correlation
The correlation between GWO.TO and TVE.TO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.15 |
The correlation between GWO.TO and TVE.TO shifts across timeframes, from -0.13 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GWO.TO:
CA$72.78B
TVE.TO:
CA$6.78B
GWO.TO:
CA$4.85
TVE.TO:
-CA$0.19
GWO.TO:
2.13
TVE.TO:
4.78
GWO.TO:
2.69
TVE.TO:
3.84
GWO.TO:
CA$34.77B
TVE.TO:
CA$1.44B
GWO.TO:
CA$15.81B
TVE.TO:
CA$560.03M
GWO.TO:
CA$6.15B
TVE.TO:
CA$596.84M
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
GWO.TO vs. TVE.TO — Risk / Return Rank
GWO.TO
TVE.TO
GWO.TO vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Lifeco Inc. (GWO.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.
| GWO.TO | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.74 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 21.09 | -16.00 |
| Martin ratioReturn relative to average drawdown | 19.12 | 69.24 | -50.12 |
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 charts...
Sharpe Ratios by Period
| GWO.TO | TVE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.74 | 6.00 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 0.99 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.29 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.09 | +0.35 |
Drawdowns
GWO.TO vs. TVE.TO - Drawdown Comparison
The maximum GWO.TO drawdown since its inception was -67.52%, smaller than the maximum TVE.TO drawdown of -94.30%. Use the drawdown chart below to compare losses from any high point for GWO.TO and TVE.TO.
Loading charts...
Drawdown Indicators
| GWO.TO | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.52% | -94.30% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -9.99% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -34.89% | +22.07% |
Max Drawdown (5Y)Largest decline over 5 years | -27.64% | -53.72% | +26.08% |
Max Drawdown (10Y)Largest decline over 10 years | -44.96% | -91.68% | +46.72% |
Current DrawdownCurrent decline from peak | -2.10% | -0.72% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -51.19% | +39.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.04% | +0.23% |
Volatility
GWO.TO vs. TVE.TO - Volatility Comparison
The current volatility for Great-West Lifeco Inc. (GWO.TO) is 4.68%, while Tamarack Valley Energy Ltd. (TVE.TO) has a volatility of 14.15%. This indicates that GWO.TO experiences smaller price fluctuations and is considered to be less risky than TVE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GWO.TO | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 14.15% | -9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 28.91% | -16.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 35.14% | -18.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 43.69% | -27.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 52.95% | -32.20% |
Dividends
GWO.TO vs. TVE.TO - Dividend Comparison
GWO.TO's dividend yield for the trailing twelve months is around 3.19%, more than TVE.TO's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWO.TO Great-West Lifeco Inc. | 3.19% | 3.60% | 4.66% | 4.74% | 6.26% | 4.75% | 5.77% | 4.97% | 5.52% | 4.18% | 3.94% | 3.78% |
TVE.TO Tamarack Valley Energy Ltd. | 0.94% | 1.93% | 3.15% | 4.90% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GWO.TO vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between Great-West Lifeco 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
GWO.TO vs. TVE.TO - Profitability Comparison
GWO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a gross profit of 3.62B and revenue of 7.73B. Therefore, the gross margin over that period was 46.9%.
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%.
GWO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported an operating income of 1.61B and revenue of 7.73B, resulting in an operating margin of 20.8%.
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%.
GWO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a net income of 1.24B and revenue of 7.73B, resulting in a net margin of 16.1%.
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
GWO.TO and TVE.TO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GWO.TO and TVE.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer