REI vs. ZENA

Last updated Aug 1, 2026

REI (Ring Energy, Inc.) and ZENA (ZenaTech Inc) are both stocks. REI operates in Oil & Gas E&P (Energy), while ZENA operates in Software - Infrastructure (Technology). Over the past year, REI returned 70.26% vs -70.84% for ZENA. Their 0.12 correlation means their historical movements had little consistent relationship.

Performance

REI vs. ZENA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ring Energy, Inc. (REI) and ZenaTech Inc (ZENA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REI achieves a 42.53% return, which is significantly higher than ZENA's -60.00% return.

REI

• 1D: 0.00%
• 1M: 15.89%
• 6M: 4.20%
• YTD: 42.53%
• 1Y: 70.26%
• 3Y*: -19.08%
• 5Y*: -14.28%
• 10Y*: -16.76%
• ALL TIME*: -7.34%

ZENA

• 1D: -1.54%
• 1M: -9.86%
• 6M: -62.13%
• YTD: -60.00%
• 1Y: -70.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -67.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
REI Ring Energy, Inc.	$4.58M	$5.62M	$7.34M
ZENA ZenaTech Inc	$2.21M	$2.37M	$4.66M

REI vs. ZENA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
REI Ring Energy, Inc.	42.53%	-36.03%	-15.00%
ZENA ZenaTech Inc	-60.00%	-58.39%	-23.10%

Correlation

The correlation between REI and ZENA is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.12

Fundamentals

Market Cap REI : $258.08M ZENA : $79.15M
EPS REI : -$1.92 ZENA : -CA$1.06
PS Ratio REI : 0.75 ZENA : 5.91
Total Revenue (TTM) REI : $228.09M ZENA : CA$12.83M
Gross Profit (TTM) REI : $155.05M ZENA : CA$10.78M
EBITDA (TTM) REI : -$65.89M ZENA : -CA$30.02M

Return for Risk

REI vs. ZENA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

REI

REI Risk / Return Rank: 72
REI Sharpe Ratio Rank: 74
REI Sortino Ratio Rank: 70
REI Omega Ratio Rank: 72
REI Calmar Ratio Rank: 71
REI Martin Ratio Rank: 70

ZENA

ZENA Risk / Return Rank: 9
ZENA Sharpe Ratio Rank: 10
ZENA Sortino Ratio Rank: 8
ZENA Omega Ratio Rank: 11
ZENA Calmar Ratio Rank: 8
ZENA Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

REI vs. ZENA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ring Energy, Inc. (REI) and ZenaTech Inc (ZENA). 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.

	REI	ZENA	Difference
Sharpe ratio: Return per unit of total volatility	0.93	-0.78	+1.71
Sortino ratio: Return per unit of downside risk	1.48	-1.32	+2.80
Omega ratio: Gain probability vs. loss probability	1.21	0.86	+0.35
Calmar ratio: Return relative to maximum drawdown	1.32	-0.89	+2.22
Martin ratio: Return relative to average drawdown	2.97	-1.31	+4.28

REI vs. ZENA - Sharpe Ratio Comparison

The current REI Sharpe Ratio is 0.93, which is higher than the ZENA Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of REI and ZENA, 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

REI vs. ZENA - Drawdown Comparison

The maximum REI drawdown since its inception was -97.68%, which is greater than ZENA's maximum drawdown of -87.96%. Use the drawdown chart below to compare losses from any high point for REI and ZENA.

Drawdown Indicators

	REI	ZENA	Difference
Max Drawdown Largest peak-to-trough decline	-97.68%	-87.96%	-9.72%
Max Drawdown (1Y) Largest decline over 1 year	-47.47%	-81.46%	+33.99%
Max Drawdown (3Y) Largest decline over 3 years	-67.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-85.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.24%	—	—
Current Drawdown Current decline from peak	-93.91%	-87.57%	-6.34%
Average Drawdown Average peak-to-trough decline	-69.80%	-65.19%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.09%	55.31%	-34.22%

Volatility

REI vs. ZENA - Volatility Comparison

Ring Energy, Inc. (REI) and ZenaTech Inc (ZENA) have volatilities of 16.61% and 16.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REI	ZENA	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.61%	16.94%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	57.74%	68.30%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	67.55%	93.65%	-26.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.16%	238.87%	-176.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.23%	238.87%	-164.64%

Dividends

REI vs. ZENA - Dividend Comparison

Neither REI nor ZENA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both REI and ZENA in my portfolio?

REI and ZENA have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REI or ZENA?

ZENA has higher volatility (16.94%) compared to REI (16.61%). In terms of maximum drawdown, REI dropped -97.68% vs ZENA's -87.96%.

Which has better risk-adjusted returns?

REI currently has the higher Sharpe Ratio (0.93 vs -0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.