IDXX vs. TVE.TO
IDXX (IDEXX Laboratories, Inc.) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. IDXX operates in Diagnostics & Research (Healthcare), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, IDXX returned 20.14%/yr vs 13.91%/yr for TVE.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
IDXX vs. TVE.TO - Performance Comparison
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Different Trading Currencies
IDXX is traded in USD, while TVE.TO is traded in CAD. To make them comparable, the TVE.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDXX achieves a -17.09% return, which is significantly lower than TVE.TO's 60.33% return. Over the past 10 years, IDXX has outperformed TVE.TO with an annualized return of 20.14%, while TVE.TO has yielded a comparatively lower 13.91% annualized return.
IDXX
- 1D
- 0.53%
- 1M
- 6.09%
- YTD
- -17.09%
- 6M
- -20.35%
- 1Y
- 6.45%
- 3Y*
- 6.18%
- 5Y*
- -0.82%
- 10Y*
- 20.14%
TVE.TO
- 1D
- -2.02%
- 1M
- 2.17%
- YTD
- 60.33%
- 6M
- 65.48%
- 1Y
- 175.70%
- 3Y*
- 60.46%
- 5Y*
- 37.10%
- 10Y*
- 13.91%
IDXX vs. TVE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, Inc. | -17.09% | 63.63% | -25.51% | 36.06% | -38.04% | 31.73% | 91.43% | 40.38% | 18.95% | 33.35% |
TVE.TO Tamarack Valley Energy Ltd. | 60.33% | 79.86% | 49.62% | -26.57% | 11.76% | 203.30% | -34.96% | -11.61% | -23.88% | -11.34% |
Correlation
The correlation between IDXX and TVE.TO is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.11 |
The correlation between IDXX and TVE.TO shifts across timeframes, from -0.11 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Fundamentals
IDXX:
$18.08
TVE.TO:
-CA$0.19
IDXX:
7.64
TVE.TO:
4.50
IDXX:
$4.45B
TVE.TO:
CA$1.44B
IDXX:
$2.76B
TVE.TO:
CA$560.03M
IDXX:
$1.52B
TVE.TO:
CA$596.84M
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Return for Risk
IDXX vs. TVE.TO — Risk / Return Rank
IDXX
TVE.TO
IDXX vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDEXX Laboratories, Inc. (IDXX) 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.
| IDXX | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.63 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 16.94 | -16.74 |
| Martin ratioReturn relative to average drawdown | 0.42 | 55.70 | -55.28 |
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Drawdowns
IDXX vs. TVE.TO - Drawdown Comparison
The maximum IDXX drawdown since its inception was -81.42%, smaller than the maximum TVE.TO drawdown of -95.93%. Use the drawdown chart below to compare losses from any high point for IDXX and TVE.TO.
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Drawdown Indicators
| IDXX | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -95.93% | +14.51% |
Max Drawdown (1Y)Largest decline over 1 year | -31.04% | -10.44% | -20.60% |
Max Drawdown (3Y)Largest decline over 3 years | -37.41% | -33.66% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -54.00% | -57.27% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -54.00% | -92.40% | +38.40% |
Current DrawdownCurrent decline from peak | -26.84% | -7.23% | -19.61% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -58.41% | +37.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.39% | 3.17% | +12.22% |
Volatility
IDXX vs. TVE.TO - Volatility Comparison
The current volatility for IDEXX Laboratories, Inc. (IDXX) is 8.02%, while Tamarack Valley Energy Ltd. (TVE.TO) has a volatility of 15.47%. This indicates that IDXX 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.
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Volatility by Period
| IDXX | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 15.47% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 29.50% | -9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.63% | 35.92% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.31% | 44.45% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.03% | 53.74% | -20.71% |
Dividends
IDXX vs. TVE.TO - Dividend Comparison
IDXX 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 |
|---|---|---|---|---|---|
IDXX IDEXX Laboratories, 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
IDXX vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between IDEXX Laboratories, 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
IDXX vs. TVE.TO - Profitability Comparison
IDXX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a gross profit of 722.74M and revenue of 1.14B. Therefore, the gross margin over that period was 63.4%.
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%.
IDXX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported an operating income of 362.59M and revenue of 1.14B, resulting in an operating margin of 31.8%.
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%.
IDXX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a net income of 278.45M and revenue of 1.14B, resulting in a net margin of 24.4%.
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
IDXX and TVE.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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