IMO vs. TS
IMO (Imperial Oil Limited) and TS (Tenaris S.A.) are both stocks. Both are in the Energy sector — IMO in Oil & Gas Integrated, TS in Oil & Gas Equipment & Services. Over the past 10 years, IMO returned 18.85%/yr vs 11.57%/yr for TS. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
IMO vs. TS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IMO having a 51.68% return and TS slightly higher at 52.04%. Over the past 10 years, IMO has outperformed TS with an annualized return of 18.85%, while TS has yielded a comparatively lower 11.57% annualized return.
IMO
- 1D
- 0.60%
- 1M
- 13.89%
- 6M
- 29.30%
- YTD
- 51.68%
- 1Y
- 58.93%
- 3Y*
- 37.81%
- 5Y*
- 40.01%
- 10Y*
- 18.85%
- ALL TIME*
- 12.94%
TS
- 1D
- 1.06%
- 1M
- 5.91%
- 6M
- 31.96%
- YTD
- 52.04%
- 1Y
- 71.18%
- 3Y*
- 23.55%
- 5Y*
- 27.05%
- 10Y*
- 11.57%
- ALL TIME*
- 15.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.83M | $65.55M | $68.60M | |
| $58.26M | $58.22M | $81.91M |
IMO vs. TS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 51.68% | 43.85% | 10.47% | 20.89% | 38.00% | 95.29% | -25.37% | 7.16% | -17.21% | -8.36% |
TS Tenaris S.A. | 52.04% | 4.98% | 12.88% | 2.63% | 73.26% | 34.03% | -28.87% | 9.68% | -31.51% | -6.68% |
Correlation
The correlation between IMO and TS is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2002 | 0.57 |
The correlation between IMO and TS shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IMO:
$64.33B
TS:
$30.76B
IMO:
$5.92
TS:
$4.51
IMO:
21.89
TS:
12.72
IMO:
0.48
TS:
0.35
IMO:
1.37
TS:
2.06
IMO:
2.76
TS:
0.84
IMO:
$46.55B
TS:
$12.16B
IMO:
$7.69B
TS:
$3.89B
IMO:
$6.36B
TS:
$3.16B
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Return for Risk
IMO vs. TS — Risk / Return Rank
IMO
TS
IMO vs. TS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Imperial Oil Limited (IMO) and Tenaris S.A. (TS). 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.
| IMO | TS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 4.40 | -1.35 |
| Martin ratioReturn relative to average drawdown | 7.83 | 13.78 | -5.95 |
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Drawdowns
IMO vs. TS - Drawdown Comparison
The maximum IMO drawdown since its inception was -84.82%, roughly equal to the maximum TS drawdown of -83.34%. Use the drawdown chart below to compare losses from any high point for IMO and TS.
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Drawdown Indicators
| IMO | TS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -83.34% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -19.36% | -15.96% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -29.81% | +6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -33.71% | +3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -76.96% | -76.21% | -0.75% |
Current DrawdownCurrent decline from peak | -5.87% | -10.45% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -21.16% | -36.62% | +15.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 5.08% | +2.43% |
Volatility
IMO vs. TS - Volatility Comparison
Imperial Oil Limited (IMO) has a higher volatility of 7.83% compared to Tenaris S.A. (TS) at 6.64%. This indicates that IMO's price experiences larger fluctuations and is considered to be riskier than TS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMO | TS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 6.64% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 21.72% | 20.74% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.98% | 28.60% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 33.49% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.57% | 36.64% | -1.07% |
Dividends
IMO vs. TS - Dividend Comparison
IMO's dividend yield for the trailing twelve months is around 1.78%, less than TS's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 1.78% | 2.40% | 2.84% | 2.73% | 2.30% | 2.28% | 3.50% | 2.41% | 2.36% | 2.02% | 1.70% | 1.66% |
TS Tenaris S.A. | 3.10% | 2.96% | 3.55% | 3.11% | 2.56% | 2.59% | 0.88% | 3.62% | 3.85% | 4.39% | 2.41% | 3.78% |
Financials
IMO vs. TS - Financials Comparison
This section allows you to compare key financial metrics between Imperial Oil Limited and Tenaris S.A.. 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
IMO vs. TS - Profitability Comparison
IMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Imperial Oil Limited reported a gross profit of 2.51B and revenue of 12.45B. Therefore, the gross margin over that period was 20.2%.
TS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Tenaris S.A. reported a gross profit of 1.05B and revenue of 3.11B. Therefore, the gross margin over that period was 33.9%.
IMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Imperial Oil Limited reported an operating income of 1.23B and revenue of 12.45B, resulting in an operating margin of 9.9%.
TS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tenaris S.A. reported an operating income of 585.67M and revenue of 3.11B, resulting in an operating margin of 18.8%.
IMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Imperial Oil Limited reported a net income of 940.00M and revenue of 12.45B, resulting in a net margin of 7.6%.
TS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tenaris S.A. reported a net income of 542.67M and revenue of 3.11B, resulting in a net margin of 17.4%.
Frequently Asked Questions
IMO and TS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMO has higher volatility (7.83%) compared to TS (6.64%). In terms of maximum drawdown, IMO dropped -84.82% vs TS's -83.34%.
TS currently has the higher Sharpe Ratio (2.51 vs 2.11), 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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