LHX vs. TVE.TO
LHX (L3Harris Technologies, Inc.) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. LHX operates in Aerospace & Defense (Industrials), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, LHX returned 16.23%/yr vs 13.99%/yr for TVE.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
LHX vs. TVE.TO - Performance Comparison
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Different Trading Currencies
LHX 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, LHX achieves a 3.68% return, which is significantly lower than TVE.TO's 70.95% return. Over the past 10 years, LHX has outperformed TVE.TO with an annualized return of 16.23%, while TVE.TO has yielded a comparatively lower 13.99% annualized return.
LHX
- 1D
- -1.86%
- 1M
- 1.23%
- YTD
- 3.68%
- 6M
- 8.07%
- 1Y
- 25.68%
- 3Y*
- 19.34%
- 5Y*
- 8.93%
- 10Y*
- 16.23%
TVE.TO
- 1D
- 3.77%
- 1M
- 12.15%
- YTD
- 70.95%
- 6M
- 72.98%
- 1Y
- 203.01%
- 3Y*
- 62.62%
- 5Y*
- 39.02%
- 10Y*
- 13.99%
LHX vs. TVE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 3.68% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
TVE.TO Tamarack Valley Energy Ltd. | 70.95% | 79.86% | 49.62% | -26.57% | 11.76% | 203.30% | -34.96% | -11.61% | -23.88% | -11.34% |
Correlation
The correlation between LHX and TVE.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.19 |
Fundamentals
LHX:
$12.29
TVE.TO:
-CA$0.19
LHX:
1.89
TVE.TO:
4.78
LHX:
$22.48B
TVE.TO:
CA$1.44B
LHX:
$5.50B
TVE.TO:
CA$560.03M
LHX:
$3.32B
TVE.TO:
CA$596.84M
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Return for Risk
LHX vs. TVE.TO — Risk / Return Rank
LHX
TVE.TO
LHX vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) 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.
| LHX | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.71 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 19.58 | -18.33 |
| Martin ratioReturn relative to average drawdown | 3.41 | 66.19 | -62.78 |
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
| LHX | TVE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 5.78 | -4.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.89 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.26 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.06 | +0.26 |
Drawdowns
LHX vs. TVE.TO - Drawdown Comparison
The maximum LHX drawdown since its inception was -69.82%, smaller than the maximum TVE.TO drawdown of -95.93%. Use the drawdown chart below to compare losses from any high point for LHX and TVE.TO.
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Drawdown Indicators
| LHX | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.82% | -95.93% | +26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -20.55% | -10.44% | -10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -33.66% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -57.27% | +19.11% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -92.40% | +54.24% |
Current DrawdownCurrent decline from peak | -19.58% | -1.08% | -18.50% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -58.47% | +37.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 3.08% | +4.48% |
Volatility
LHX vs. TVE.TO - Volatility Comparison
The current volatility for L3Harris Technologies, Inc. (LHX) is 6.66%, while Tamarack Valley Energy Ltd. (TVE.TO) has a volatility of 13.98%. This indicates that LHX 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
| LHX | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 13.98% | -7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 28.82% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.33% | 35.45% | -11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 44.37% | -20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 53.75% | -28.33% |
Dividends
LHX vs. TVE.TO - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.62%, more than TVE.TO's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 1.62% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
TVE.TO Tamarack Valley Energy Ltd. | 0.94% | 1.93% | 3.15% | 4.90% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LHX vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, 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
LHX vs. TVE.TO - Profitability Comparison
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a gross profit of 1.40B and revenue of 5.74B. Therefore, the gross margin over that period was 24.4%.
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%.
LHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported an operating income of 652.00M and revenue of 5.74B, resulting in an operating margin of 11.4%.
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%.
LHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a net income of 512.00M and revenue of 5.74B, resulting in a net margin of 8.9%.
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
LHX and TVE.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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