HWX.TO vs. PEY.TO
Compare and contrast key facts about Headwater Exploration Inc. (HWX.TO) and Peyto Exploration & Development Corp. (PEY.TO).
Performance
HWX.TO vs. PEY.TO - Performance Comparison
Loading graphics...
HWX.TO vs. PEY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEY.TO Peyto Exploration & Development Corp. | 20.73% | 42.86% | 65.90% | 4.56% | 65.64% | 271.38% | 11.70% | -32.55% | -49.52% | -51.87% |
Fundamentals
HWX.TO:
CA$3.09B
PEY.TO:
CA$5.59B
HWX.TO:
CA$0.64
PEY.TO:
CA$2.05
HWX.TO:
20.13
PEY.TO:
13.23
HWX.TO:
0.40
PEY.TO:
0.34
HWX.TO:
5.42
PEY.TO:
5.12
HWX.TO:
4.13
PEY.TO:
1.96
HWX.TO:
CA$568.81M
PEY.TO:
CA$1.08B
HWX.TO:
CA$281.14M
PEY.TO:
CA$575.88M
HWX.TO:
CA$331.91M
PEY.TO:
CA$937.32M
Returns By Period
In the year-to-date period, HWX.TO achieves a 37.14% return, which is significantly higher than PEY.TO's 20.73% return. Over the past 10 years, HWX.TO has outperformed PEY.TO with an annualized return of 40.27%, while PEY.TO has yielded a comparatively lower 15.52% annualized return.
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%
PEY.TO
- 1D
- -0.51%
- 1M
- 2.84%
- YTD
- 20.73%
- 6M
- 53.56%
- 1Y
- 58.18%
- 3Y*
- 48.58%
- 5Y*
- 56.73%
- 10Y*
- 15.52%
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
HWX.TO vs. PEY.TO — Risk / Return Rank
HWX.TO
PEY.TO
HWX.TO vs. PEY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Headwater Exploration Inc. (HWX.TO) and Peyto Exploration & Development Corp. (PEY.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.
| HWX.TO | PEY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 2.03 | +0.98 |
Sortino ratioReturn per unit of downside risk | 3.44 | 2.66 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.33 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.68 | 3.46 | +1.22 |
Martin ratioReturn relative to average drawdown | 19.44 | 11.33 | +8.11 |
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
| HWX.TO | PEY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 2.03 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 1.49 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.36 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.00 | +0.11 |
Correlation
The correlation between HWX.TO and PEY.TO is 0.19, 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
HWX.TO vs. PEY.TO - Dividend Comparison
HWX.TO's dividend yield for the trailing twelve months is around 2.57%, less than PEY.TO's 4.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEY.TO Peyto Exploration & Development Corp. | 4.45% | 6.18% | 13.21% | 19.01% | 10.62% | 9.92% | 28.68% | 25.21% | 10.17% | 8.78% | 3.97% | 5.31% |
Drawdowns
HWX.TO vs. PEY.TO - Drawdown Comparison
The maximum HWX.TO drawdown since its inception was -97.00%, roughly equal to the maximum PEY.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HWX.TO and PEY.TO.
Loading graphics...
Drawdown Indicators
| HWX.TO | PEY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.00% | -100.00% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -17.43% | -6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -38.30% | -39.53% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | -95.75% | +55.75% |
Current DrawdownCurrent decline from peak | -2.58% | -99.95% | +97.37% |
Average DrawdownAverage peak-to-trough decline | -61.29% | -99.95% | +38.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 5.32% | +0.46% |
Volatility
HWX.TO vs. PEY.TO - Volatility Comparison
The current volatility for Headwater Exploration Inc. (HWX.TO) is 8.52%, while Peyto Exploration & Development Corp. (PEY.TO) has a volatility of 9.28%. This indicates that HWX.TO experiences smaller price fluctuations and is considered to be less risky than PEY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HWX.TO | PEY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 9.28% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.61% | 21.18% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.10% | 28.85% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.93% | 38.25% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.48% | 43.59% | +7.89% |
Financials
HWX.TO vs. PEY.TO - Financials Comparison
This section allows you to compare key financial metrics between Headwater Exploration Inc. and Peyto Exploration & Development 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
HWX.TO vs. PEY.TO - Profitability Comparison
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%.
PEY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Peyto Exploration & Development Corp. reported a gross profit of 125.49M and revenue of 293.40M. Therefore, the gross margin over that period was 42.8%.
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%.
PEY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Peyto Exploration & Development Corp. reported an operating income of 107.74M and revenue of 293.40M, resulting in an operating margin of 36.7%.
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%.
PEY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Peyto Exploration & Development Corp. reported a net income of 125.90M and revenue of 293.40M, resulting in a net margin of 42.9%.