OLA.TO vs. HRTG

Last updated Jun 13, 2026

OLA.TO (Orla Mining Ltd.) and HRTG (Heritage Insurance Holdings, Inc.) are both stocks. OLA.TO operates in Gold (Basic Materials), while HRTG operates in Insurance - Property & Casualty (Financial Services). Over the past 5 years, OLA.TO returned 21.76%/yr vs 25.61%/yr for HRTG. At a 0.04 correlation, their price movements are largely independent.

Performance

OLA.TO vs. HRTG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Orla Mining Ltd. (OLA.TO) and Heritage Insurance Holdings, Inc. (HRTG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

OLA.TO is traded in CAD, while HRTG is traded in USD. To make them comparable, the HRTG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, OLA.TO achieves a -19.10% return, which is significantly higher than HRTG's -21.64% return.

OLA.TO

• 1D: 3.19%
• 1M: -25.15%
• YTD: -19.10%
• 6M: -17.03%
• 1Y: -0.44%
• 3Y*: 41.06%
• 5Y*: 21.76%
• 10Y*: —

HRTG

• 1D: 0.87%
• 1M: 4.11%
• YTD: -21.64%
• 6M: -21.62%
• 1Y: -3.78%
• 3Y*: 73.62%
• 5Y*: 25.61%
• 10Y*: 8.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OLA.TO vs. HRTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OLA.TO Orla Mining Ltd.	-19.10%	131.91%	84.26%	-21.17%	13.46%	-29.59%	243.00%	90.48%	-41.01%	31.85%
HRTG Heritage Insurance Holdings, Inc.	-21.64%	130.78%	101.30%	253.61%	-66.59%	-40.12%	-23.66%	-12.27%	-10.09%	27.89%

Correlation

The correlation between OLA.TO and HRTG is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.04

Fundamentals

Market Cap OLA.TO : CA$5.95B HRTG : $690.12M
EPS OLA.TO : CA$0.82 HRTG : $6.53
PE Ratio OLA.TO : 18.13 HRTG : 3.44
PEG Ratio OLA.TO : 0.29 HRTG : 0.02
PS Ratio OLA.TO : 3.56 HRTG : 0.82
PB Ratio OLA.TO : 5.64 HRTG : 1.33
Total Revenue (TTM) OLA.TO : CA$1.59B HRTG : $848.47M
Gross Profit (TTM) OLA.TO : CA$848.41M HRTG : $333.64M
EBITDA (TTM) OLA.TO : CA$966.01M HRTG : $285.21M

Return for Risk

OLA.TO vs. HRTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OLA.TO

OLA.TO Risk / Return Rank: 43
OLA.TO Sharpe Ratio Rank: 42
OLA.TO Sortino Ratio Rank: 44
OLA.TO Omega Ratio Rank: 44
OLA.TO Calmar Ratio Rank: 42
OLA.TO Martin Ratio Rank: 42

HRTG

HRTG Risk / Return Rank: 38
HRTG Sharpe Ratio Rank: 38
HRTG Sortino Ratio Rank: 38
HRTG Omega Ratio Rank: 38
HRTG Calmar Ratio Rank: 37
HRTG Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OLA.TO vs. HRTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Orla Mining Ltd. (OLA.TO) and Heritage Insurance Holdings, Inc. (HRTG). 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.

	OLA.TO	HRTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	-0.07	+0.06
Sortino ratio: Return per unit of downside risk	0.51	0.32	+0.19
Omega ratio: Gain probability vs. loss probability	1.06	1.04	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.01	-0.11	+0.10
Martin ratio: Return relative to average drawdown	-0.02	-0.24	+0.22

OLA.TO vs. HRTG - Sharpe Ratio Comparison

The current OLA.TO Sharpe Ratio is -0.01, which is higher than the HRTG Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of OLA.TO and HRTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OLA.TO vs. HRTG - Drawdown Comparison

The maximum OLA.TO drawdown since its inception was -56.61%, smaller than the maximum HRTG drawdown of -94.03%. Use the drawdown chart below to compare losses from any high point for OLA.TO and HRTG.

Drawdown Indicators

	OLA.TO	HRTG	Difference
Max Drawdown Largest peak-to-trough decline	-56.61%	-94.03%	+37.42%
Max Drawdown (1Y) Largest decline over 1 year	-53.97%	-33.86%	-20.11%
Max Drawdown (3Y) Largest decline over 3 years	-53.97%	-43.76%	-10.21%
Max Drawdown (5Y) Largest decline over 5 years	-53.97%	-82.98%	+29.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-91.48%	—
Current Drawdown Current decline from peak	-49.72%	-28.16%	-21.56%
Average Drawdown Average peak-to-trough decline	-21.30%	-45.92%	+24.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.42%	15.64%	+5.78%

Volatility

OLA.TO vs. HRTG - Volatility Comparison

Orla Mining Ltd. (OLA.TO) has a higher volatility of 22.93% compared to Heritage Insurance Holdings, Inc. (HRTG) at 10.23%. This indicates that OLA.TO's price experiences larger fluctuations and is considered to be riskier than HRTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OLA.TO	HRTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.93%	10.23%	+12.70%
Volatility (6M) Calculated over the trailing 6-month period	51.49%	37.99%	+13.50%
Volatility (1Y) Calculated over the trailing 1-year period	73.11%	57.44%	+15.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.43%	71.35%	-12.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.71%	58.13%	-1.42%

Dividends

OLA.TO vs. HRTG - Dividend Comparison

OLA.TO's dividend yield for the trailing twelve months is around 0.28%, while HRTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRTG Heritage Insurance Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	6.67%	4.08%	2.37%	1.81%	1.63%	1.33%	1.47%	0.23%
OLA.TO Orla Mining Ltd.	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

OLA.TO vs. HRTG - Profitability Comparison

The chart below illustrates the profitability comparison between Orla Mining Ltd. and Heritage Insurance Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OLA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a gross profit of 296.32M and revenue of 519.71M. Therefore, the gross margin over that period was 57.0%.

HRTG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported a gross profit of 0.00 and revenue of 212.66M. Therefore, the gross margin over that period was 0.0%.

OLA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported an operating income of 274.55M and revenue of 519.71M, resulting in an operating margin of 52.8%.

HRTG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported an operating income of 50.82M and revenue of 212.66M, resulting in an operating margin of 23.9%.

OLA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a net income of 103.43M and revenue of 519.71M, resulting in a net margin of 19.9%.

HRTG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported a net income of 36.48M and revenue of 212.66M, resulting in a net margin of 17.2%.

Frequently Asked Questions

Can I hold both OLA.TO and HRTG in my portfolio?

OLA.TO and HRTG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.