RWAY vs. ATH.TO
RWAY (Runway Growth Finance Corp.) and ATH.TO (Athabasca Oil Corporation) are both stocks. RWAY operates in Credit Services (Financial Services), while ATH.TO operates in Oil & Gas E&P (Energy). Over the past 3 years, RWAY returned -11.17%/yr vs 49.11%/yr for ATH.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
RWAY vs. ATH.TO - Performance Comparison
Loading charts...
Different Trading Currencies
RWAY is traded in USD, while ATH.TO is traded in CAD. To make them comparable, the ATH.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RWAY achieves a -32.61% return, which is significantly lower than ATH.TO's 39.89% return.
RWAY
- 1D
- 3.40%
- 1M
- -15.30%
- YTD
- -32.61%
- 6M
- -32.46%
- 1Y
- -39.19%
- 3Y*
- -11.17%
- 5Y*
- —
- 10Y*
- —
ATH.TO
- 1D
- 0.17%
- 1M
- -9.28%
- YTD
- 39.89%
- 6M
- 40.02%
- 1Y
- 74.64%
- 3Y*
- 49.11%
- 5Y*
- 55.47%
- 10Y*
- 20.58%
RWAY vs. ATH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -32.61% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
ATH.TO Athabasca Oil Corporation | 39.89% | 38.20% | 17.84% | 77.25% | 90.45% | 1.19% |
Correlation
The correlation between RWAY and ATH.TO 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.14 |
The correlation between RWAY and ATH.TO shifts across timeframes, from 0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RWAY:
$198.01M
ATH.TO:
CA$4.95B
RWAY:
$0.89
ATH.TO:
CA$0.45
RWAY:
6.19
ATH.TO:
22.82
RWAY:
1.24
ATH.TO:
0.87
RWAY:
1.80
ATH.TO:
3.71
RWAY:
0.45
ATH.TO:
2.68
RWAY:
$110.63M
ATH.TO:
CA$1.35B
RWAY:
$105.16M
ATH.TO:
CA$518.18M
RWAY:
$74.86M
ATH.TO:
CA$505.02M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RWAY vs. ATH.TO — Risk / Return Rank
RWAY
ATH.TO
RWAY vs. ATH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) and Athabasca Oil Corporation (ATH.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.
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.
| RWAY | ATH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.60 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.32 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.24 | -4.11 |
| Martin ratioReturn relative to average drawdown | -1.80 | 10.81 | -12.61 |
Loading charts...
Drawdowns
RWAY vs. ATH.TO - Drawdown Comparison
The maximum RWAY drawdown since its inception was -45.35%, smaller than the maximum ATH.TO drawdown of -99.59%. Use the drawdown chart below to compare losses from any high point for RWAY and ATH.TO.
Loading charts...
Drawdown Indicators
| RWAY | ATH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -99.59% | +54.24% |
Max Drawdown (1Y)Largest decline over 1 year | -45.35% | -23.14% | -22.21% |
Max Drawdown (3Y)Largest decline over 3 years | -45.35% | -29.96% | -15.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.92% | — |
Current DrawdownCurrent decline from peak | -43.06% | -62.47% | +19.41% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -76.83% | +65.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.77% | 6.93% | +14.84% |
Volatility
RWAY vs. ATH.TO - Volatility Comparison
The current volatility for Runway Growth Finance Corp. (RWAY) is 11.71%, while Athabasca Oil Corporation (ATH.TO) has a volatility of 13.05%. This indicates that RWAY experiences smaller price fluctuations and is considered to be less risky than ATH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RWAY | ATH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 13.05% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 31.88% | -8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.45% | 37.71% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.67% | 49.97% | -21.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.67% | 61.94% | -33.27% |
Dividends
RWAY vs. ATH.TO - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 24.64%, while ATH.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ATH.TO Athabasca Oil Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWAY Runway Growth Finance Corp. | 24.64% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% |
Financials
RWAY vs. ATH.TO - Financials Comparison
This section allows you to compare key financial metrics between Runway Growth Finance Corp. and Athabasca Oil Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RWAY vs. ATH.TO - Profitability Comparison
RWAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Runway Growth Finance Corp. reported a gross profit of 0.00 and revenue of 29.45M. Therefore, the gross margin over that period was 0.0%.
ATH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Athabasca Oil Corporation reported a gross profit of 134.91M and revenue of 377.38M. Therefore, the gross margin over that period was 35.8%.
RWAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Runway Growth Finance Corp. reported an operating income of 0.00 and revenue of 29.45M, resulting in an operating margin of 0.0%.
ATH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Athabasca Oil Corporation reported an operating income of 90.74M and revenue of 377.38M, resulting in an operating margin of 24.0%.
RWAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Runway Growth Finance Corp. reported a net income of 0.00 and revenue of 29.45M, resulting in a net margin of 0.0%.
ATH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Athabasca Oil Corporation reported a net income of 46.29M and revenue of 377.38M, resulting in a net margin of 12.3%.
Frequently Asked Questions
RWAY and ATH.TO 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.
Find the right allocation for RWAY and ATH.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer