ORV.TO vs. PNP.TO

Last updated Jun 4, 2026

ORV.TO (Orvana Minerals Corp.) and PNP.TO (Pinetree Capital Ltd.) are both stocks. ORV.TO operates in Other Precious Metals & Mining (Basic Materials), while PNP.TO operates in Capital Markets (Financial Services). Over the past 10 years, ORV.TO returned 25.83%/yr vs 3.90%/yr for PNP.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

ORV.TO vs. PNP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Orvana Minerals Corp. (ORV.TO) and Pinetree Capital Ltd. (PNP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORV.TO achieves a -10.00% return, which is significantly higher than PNP.TO's -20.36% return. Over the past 10 years, ORV.TO has outperformed PNP.TO with an annualized return of 25.83%, while PNP.TO has yielded a comparatively lower 3.90% annualized return.

ORV.TO

• 1D: -4.06%
• 1M: 14.55%
• YTD: -10.00%
• 6M: 6.78%
• 1Y: 225.86%
• 3Y*: 123.19%
• 5Y*: 37.11%
• 10Y*: 25.83%

PNP.TO

• 1D: -1.68%
• 1M: -4.14%
• YTD: -20.36%
• 6M: -29.88%
• 1Y: -57.51%
• 3Y*: 32.30%
• 5Y*: 17.43%
• 10Y*: 3.90%

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

ORV.TO vs. PNP.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ORV.TO Orvana Minerals Corp.	-10.00%	854.55%	46.67%	-26.83%	-33.87%	-10.14%	115.63%	6.67%	-37.50%	2.13%
PNP.TO Pinetree Capital Ltd.	-20.36%	0.45%	205.56%	-9.77%	-26.79%	79.28%	-1.30%	22.22%	-51.54%	16.59%

Correlation

The correlation between ORV.TO and PNP.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Dec 15, 1999	0.09

Fundamentals

Market Cap ORV.TO : CA$258.22M PNP.TO : CA$82.61M
EPS ORV.TO : -CA$0.02 PNP.TO : -CA$2.11
PS Ratio ORV.TO : 1.90 PNP.TO : 14.84
PB Ratio ORV.TO : 4.57 PNP.TO : 1.20
Total Revenue (TTM) ORV.TO : CA$136.00M PNP.TO : CA$5.57M
Gross Profit (TTM) ORV.TO : CA$51.54M PNP.TO : CA$5.51M
EBITDA (TTM) ORV.TO : CA$20.40M PNP.TO : -CA$19.16M

Return for Risk

ORV.TO vs. PNP.TO — Risk / Return Rank

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

ORV.TO

ORV.TO Risk / Return Rank: 90
ORV.TO Sharpe Ratio Rank: 92
ORV.TO Sortino Ratio Rank: 87
ORV.TO Omega Ratio Rank: 85
ORV.TO Calmar Ratio Rank: 93
ORV.TO Martin Ratio Rank: 91

PNP.TO

PNP.TO Risk / Return Rank: 4
PNP.TO Sharpe Ratio Rank: 2
PNP.TO Sortino Ratio Rank: 1
PNP.TO Omega Ratio Rank: 3
PNP.TO Calmar Ratio Rank: 3
PNP.TO Martin Ratio Rank: 11

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.

ORV.TO vs. PNP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Orvana Minerals Corp. (ORV.TO) and Pinetree Capital Ltd. (PNP.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.

	ORV.TO	PNP.TO	Difference
Sharpe ratio Return per unit of total volatility	2.48	-1.20	+3.68
Sortino ratio Return per unit of downside risk	2.95	-2.28	+5.23
Omega ratio Gain probability vs. loss probability	1.36	0.76	+0.60
Calmar ratio Return relative to maximum drawdown	5.69	-0.95	+6.64
Martin ratio Return relative to average drawdown	13.70	-1.30	+15.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORV.TO vs. PNP.TO - Sharpe Ratio Comparison

The current ORV.TO Sharpe Ratio is 2.48, which is higher than the PNP.TO Sharpe Ratio of -1.20. The chart below compares the historical Sharpe Ratios of ORV.TO and PNP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ORV.TO	PNP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	-1.20	+3.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.34	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.06	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.11	+0.14

Drawdowns

ORV.TO vs. PNP.TO - Drawdown Comparison

The maximum ORV.TO drawdown since its inception was -99.45%, roughly equal to the maximum PNP.TO drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for ORV.TO and PNP.TO.

Drawdown Indicators

	ORV.TO	PNP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-99.94%	+0.49%
Max Drawdown (1Y) Largest decline over 1 year	-40.00%	-60.39%	+20.39%
Max Drawdown (3Y) Largest decline over 3 years	-48.84%	-63.77%	+14.93%
Max Drawdown (5Y) Largest decline over 5 years	-78.30%	-63.77%	-14.53%
Max Drawdown (10Y) Largest decline over 10 years	-78.30%	-83.00%	+4.70%
Current Drawdown Current decline from peak	-82.82%	-99.71%	+16.89%
Average Drawdown Average peak-to-trough decline	-82.43%	-89.66%	+7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.56%	44.43%	-27.87%

Volatility

ORV.TO vs. PNP.TO - Volatility Comparison

Orvana Minerals Corp. (ORV.TO) has a higher volatility of 33.25% compared to Pinetree Capital Ltd. (PNP.TO) at 13.92%. This indicates that ORV.TO's price experiences larger fluctuations and is considered to be riskier than PNP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORV.TO	PNP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.25%	13.92%	+19.33%
Volatility (6M) Calculated over the trailing 6-month period	57.35%	31.52%	+25.83%
Volatility (1Y) Calculated over the trailing 1-year period	91.66%	48.03%	+43.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.29%	51.75%	+36.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.21%	68.31%	+13.90%

Dividends

ORV.TO vs. PNP.TO - Dividend Comparison

Neither ORV.TO nor PNP.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ORV.TO and PNP.TO in my portfolio?

ORV.TO and PNP.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.