PNP.TO vs. ORV.TO

Last updated Jun 4, 2026

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

Performance

PNP.TO vs. ORV.TO - Performance Comparison

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

Returns By Period

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

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%

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

Return for Risk

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

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

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

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

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.

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

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

	PNP.TO	ORV.TO	Difference
Sharpe ratio Return per unit of total volatility	-1.20	2.48	-3.68
Sortino ratio Return per unit of downside risk	-2.28	2.95	-5.23
Omega ratio Gain probability vs. loss probability	0.76	1.36	-0.60
Calmar ratio Return relative to maximum drawdown	-0.95	5.69	-6.64
Martin ratio Return relative to average drawdown	-1.30	13.70	-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.

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

The current PNP.TO Sharpe Ratio is -1.20, which is lower than the ORV.TO Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of PNP.TO and ORV.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

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

Drawdowns

PNP.TO vs. ORV.TO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

PNP.TO vs. ORV.TO - Volatility Comparison

The current volatility for Pinetree Capital Ltd. (PNP.TO) is 13.92%, while Orvana Minerals Corp. (ORV.TO) has a volatility of 33.25%. This indicates that PNP.TO experiences smaller price fluctuations and is considered to be less risky than ORV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

PNP.TO vs. ORV.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

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

PNP.TO and ORV.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.