POU.TO vs. ^GSPTSE
POU.TO (Paramount Resources Ltd.) is a stock, while ^GSPTSE (S&P/TSX Composite Index) is an index. Over the past 10 years, POU.TO returned 12.59%/yr vs 9.12%/yr for ^GSPTSE. At a 0.43 correlation, their price movements are largely independent.
Performance
POU.TO vs. ^GSPTSE - Performance Comparison
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Returns By Period
In the year-to-date period, POU.TO achieves a 19.61% return, which is significantly higher than ^GSPTSE's 10.24% return. Over the past 10 years, POU.TO has outperformed ^GSPTSE with an annualized return of 12.59%, while ^GSPTSE has yielded a comparatively lower 9.12% annualized return.
POU.TO
- 1D
- 1.10%
- 1M
- 2.36%
- 6M
- 19.11%
- YTD
- 19.61%
- 1Y
- 35.79%
- 3Y*
- 3.49%
- 5Y*
- 16.05%
- 10Y*
- 12.59%
- ALL TIME*
- 1.03%
^GSPTSE
- 1D
- -0.86%
- 1M
- -0.02%
- 6M
- 5.65%
- YTD
- 10.24%
- 1Y
- 27.99%
- 3Y*
- 19.38%
- 5Y*
- 11.69%
- 10Y*
- 9.12%
- ALL TIME*
- 6.75%
POU.TO vs. ^GSPTSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
POU.TO Paramount Resources Ltd. | 19.61% | -21.48% | 30.17% | -4.83% | 21.05% | 396.81% | -33.69% | 5.01% | -63.03% | 22.39% |
^GSPTSE S&P/TSX Composite Index | 10.24% | 28.25% | 17.99% | 8.12% | -8.66% | 21.74% | 2.17% | 19.13% | -11.64% | 6.03% |
Correlation
The correlation between POU.TO and ^GSPTSE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | 0.43 |
Over the past year, the correlation between POU.TO and ^GSPTSE has dropped to 0.02 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
POU.TO vs. ^GSPTSE — Risk / Return Rank
POU.TO
^GSPTSE
POU.TO vs. ^GSPTSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paramount Resources Ltd. (POU.TO) and S&P/TSX Composite Index (^GSPTSE). 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.
| POU.TO | ^GSPTSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.01 | -1.04 |
| Martin ratioReturn relative to average drawdown | 4.77 | 13.23 | -8.47 |
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Drawdowns
POU.TO vs. ^GSPTSE - Drawdown Comparison
The maximum POU.TO drawdown since its inception was -98.31%, which is greater than ^GSPTSE's maximum drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for POU.TO and ^GSPTSE.
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Drawdown Indicators
| POU.TO | ^GSPTSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.31% | -49.99% | -48.32% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -9.33% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -53.34% | -12.79% | -40.55% |
Max Drawdown (5Y)Largest decline over 5 years | -56.46% | -17.57% | -38.89% |
Max Drawdown (10Y)Largest decline over 10 years | -96.12% | -37.43% | -58.69% |
Current DrawdownCurrent decline from peak | -38.89% | -1.29% | -37.60% |
Average DrawdownAverage peak-to-trough decline | -54.29% | -11.45% | -42.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 2.12% | +5.41% |
Volatility
POU.TO vs. ^GSPTSE - Volatility Comparison
Paramount Resources Ltd. (POU.TO) has a higher volatility of 8.47% compared to S&P/TSX Composite Index (^GSPTSE) at 2.08%. This indicates that POU.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPTSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POU.TO | ^GSPTSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 2.08% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 23.73% | 10.64% | +13.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 13.15% | +17.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.44% | 13.20% | +31.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.08% | 15.09% | +41.99% |
Frequently Asked Questions
POU.TO and ^GSPTSE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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