JOY.TO vs. SDE.TO
JOY.TO (Journey Energy Inc.) and SDE.TO (Spartan Delta Corp.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, JOY.TO returned 14.45%/yr vs -42.97%/yr for SDE.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
JOY.TO vs. SDE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, JOY.TO achieves a 92.77% return, which is significantly higher than SDE.TO's 74.34% return. Over the past 10 years, JOY.TO has outperformed SDE.TO with an annualized return of 14.45%, while SDE.TO has yielded a comparatively lower -42.97% annualized return.
JOY.TO
- 1D
- 0.49%
- 1M
- -7.40%
- YTD
- 92.77%
- 6M
- 63.47%
- 1Y
- 240.56%
- 3Y*
- 0.94%
- 5Y*
- 44.59%
- 10Y*
- 14.45%
SDE.TO
- 1D
- 1.36%
- 1M
- -3.36%
- YTD
- 74.34%
- 6M
- 62.05%
- 1Y
- 271.76%
- 3Y*
- 32.65%
- 5Y*
- 45.68%
- 10Y*
- -42.97%
JOY.TO vs. SDE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JOY.TO Journey Energy Inc. | 92.77% | 68.25% | -51.04% | -29.30% | 102.22% | 1,073.91% | -86.47% | -12.37% | 9.60% | -36.79% |
SDE.TO Spartan Delta Corp. | 74.34% | 110.14% | 15.77% | -44.45% | 158.91% | 100.34% | -99.40% | 150.00% | -80.00% | -44.44% |
Correlation
The correlation between JOY.TO and SDE.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2014 | 0.30 |
The correlation between JOY.TO and SDE.TO shifts across timeframes, from 0.30 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
JOY.TO:
CA$413.66M
SDE.TO:
CA$2.54B
JOY.TO:
CA$0.18
SDE.TO:
CA$0.30
JOY.TO:
33.60
SDE.TO:
41.83
JOY.TO:
0.54
SDE.TO:
8.74
JOY.TO:
2.39
SDE.TO:
5.91
JOY.TO:
1.18
SDE.TO:
3.95
JOY.TO:
CA$173.38M
SDE.TO:
CA$435.29M
JOY.TO:
CA$68.36M
SDE.TO:
CA$138.59M
JOY.TO:
CA$60.04M
SDE.TO:
CA$290.43M
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Return for Risk
JOY.TO vs. SDE.TO — Risk / Return Rank
JOY.TO
SDE.TO
JOY.TO vs. SDE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Journey Energy Inc. (JOY.TO) and Spartan Delta Corp. (SDE.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.
| JOY.TO | SDE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.76 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 8.83 | 16.58 | -7.76 |
| Martin ratioReturn relative to average drawdown | 21.88 | 53.37 | -31.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JOY.TO | SDE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.92 | 6.87 | -1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.99 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | -0.35 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.25 | +0.22 |
Drawdowns
JOY.TO vs. SDE.TO - Drawdown Comparison
The maximum JOY.TO drawdown since its inception was -99.44%, roughly equal to the maximum SDE.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for JOY.TO and SDE.TO.
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Drawdown Indicators
| JOY.TO | SDE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.44% | -100.00% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -27.45% | -16.84% | -10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -78.52% | -55.52% | -23.00% |
Max Drawdown (5Y)Largest decline over 5 years | -83.01% | -57.48% | -25.53% |
Max Drawdown (10Y)Largest decline over 10 years | -98.15% | -99.99% | +1.84% |
Current DrawdownCurrent decline from peak | -43.25% | -99.99% | +56.74% |
Average DrawdownAverage peak-to-trough decline | -72.47% | -86.90% | +14.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.05% | 5.22% | +5.83% |
Volatility
JOY.TO vs. SDE.TO - Volatility Comparison
Journey Energy Inc. (JOY.TO) has a higher volatility of 15.48% compared to Spartan Delta Corp. (SDE.TO) at 14.08%. This indicates that JOY.TO's price experiences larger fluctuations and is considered to be riskier than SDE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOY.TO | SDE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.48% | 14.08% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 38.52% | 31.02% | +7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.21% | 40.74% | +8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.42% | 46.60% | +12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.71% | 124.08% | +75.63% |
Dividends
JOY.TO vs. SDE.TO - Dividend Comparison
Neither JOY.TO nor SDE.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOY.TO Journey Energy Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 15.47% |
SDE.TO Spartan Delta Corp. | 0.00% | 0.00% | 0.00% | 322.15% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
JOY.TO vs. SDE.TO - Financials Comparison
This section allows you to compare key financial metrics between Journey Energy Inc. and Spartan Delta 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
JOY.TO vs. SDE.TO - Profitability Comparison
JOY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported a gross profit of -1.74M and revenue of 31.46M. Therefore, the gross margin over that period was -5.5%.
SDE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spartan Delta Corp. reported a gross profit of 48.32M and revenue of 136.90M. Therefore, the gross margin over that period was 35.3%.
JOY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported an operating income of -5.84M and revenue of 31.46M, resulting in an operating margin of -18.6%.
SDE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spartan Delta Corp. reported an operating income of 39.32M and revenue of 136.90M, resulting in an operating margin of 28.7%.
JOY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported a net income of -5.85M and revenue of 31.46M, resulting in a net margin of -18.6%.
SDE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spartan Delta Corp. reported a net income of -13.64M and revenue of 136.90M, resulting in a net margin of -10.0%.
Frequently Asked Questions
JOY.TO and SDE.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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