INCY vs. TVE.TO
INCY (Incyte Corporation) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. INCY operates in Biotechnology (Healthcare), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, INCY returned 3.13%/yr vs 13.91%/yr for TVE.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
INCY vs. TVE.TO - Performance Comparison
Loading charts...
Different Trading Currencies
INCY 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, INCY achieves a 9.88% return, which is significantly lower than TVE.TO's 60.33% return. Over the past 10 years, INCY has underperformed TVE.TO with an annualized return of 3.13%, while TVE.TO has yielded a comparatively higher 13.91% annualized return.
INCY
- 1D
- 0.65%
- 1M
- 9.83%
- YTD
- 9.88%
- 6M
- 13.75%
- 1Y
- 56.79%
- 3Y*
- 20.55%
- 5Y*
- 5.62%
- 10Y*
- 3.13%
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%
INCY vs. TVE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INCY Incyte Corporation | 9.88% | 43.00% | 10.00% | -21.83% | 9.43% | -15.61% | -0.39% | 37.32% | -32.86% | -5.55% |
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 INCY and TVE.TO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.11 |
The correlation between INCY and TVE.TO shifts across timeframes, from -0.06 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
INCY:
$22.45B
TVE.TO:
CA$6.38B
INCY:
$7.06
TVE.TO:
-CA$0.19
INCY:
4.11
TVE.TO:
4.50
INCY:
3.99
TVE.TO:
3.62
INCY:
$5.36B
TVE.TO:
CA$1.44B
INCY:
$3.76B
TVE.TO:
CA$560.03M
INCY:
$1.80B
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
INCY vs. TVE.TO — Risk / Return Rank
INCY
TVE.TO
INCY vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Incyte Corporation (INCY) 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.
| INCY | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.63 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 16.94 | -13.83 |
| Martin ratioReturn relative to average drawdown | 6.94 | 55.70 | -48.76 |
Loading charts...
Drawdowns
INCY vs. TVE.TO - Drawdown Comparison
The maximum INCY drawdown since its inception was -98.54%, roughly equal to the maximum TVE.TO drawdown of -95.93%. Use the drawdown chart below to compare losses from any high point for INCY and TVE.TO.
Loading charts...
Drawdown Indicators
| INCY | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.54% | -95.93% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.33% | -10.44% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -33.83% | -33.66% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -41.06% | -57.27% | +16.21% |
Max Drawdown (10Y)Largest decline over 10 years | -66.47% | -92.40% | +25.93% |
Current DrawdownCurrent decline from peak | -28.91% | -7.23% | -21.68% |
Average DrawdownAverage peak-to-trough decline | -59.88% | -58.41% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 3.17% | +5.04% |
Volatility
INCY vs. TVE.TO - Volatility Comparison
The current volatility for Incyte Corporation (INCY) is 9.64%, while Tamarack Valley Energy Ltd. (TVE.TO) has a volatility of 15.47%. This indicates that INCY 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
| INCY | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 15.47% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 22.73% | 29.50% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.10% | 35.92% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.32% | 44.45% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.29% | 53.74% | -19.45% |
Dividends
INCY vs. TVE.TO - Dividend Comparison
INCY 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 |
|---|---|---|---|---|---|
INCY Incyte Corporation | 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
INCY vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between Incyte Corporation 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
INCY vs. TVE.TO - Profitability Comparison
INCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a gross profit of 0.00 and revenue of 1.27B. Therefore, the gross margin over that period was 0.0%.
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%.
INCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported an operating income of 301.12M and revenue of 1.27B, resulting in an operating margin of 23.7%.
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%.
INCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a net income of 303.33M and revenue of 1.27B, resulting in a net margin of 23.8%.
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
INCY and TVE.TO have a correlation of -0.06, 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 INCY 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