SDE.TO vs. ATH.TO
SDE.TO (Spartan Delta Corp.) and ATH.TO (Athabasca Oil Corporation) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, SDE.TO returned -42.97%/yr vs 24.52%/yr for ATH.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
SDE.TO vs. ATH.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SDE.TO having a 74.34% return and ATH.TO slightly lower at 70.84%. Over the past 10 years, SDE.TO has underperformed ATH.TO with an annualized return of -42.97%, while ATH.TO has yielded a comparatively higher 24.52% annualized return.
SDE.TO
- 1D
- 1.36%
- 1M
- -3.36%
- YTD
- 74.34%
- 6M
- 62.05%
- 1Y
- 271.76%
- 3Y*
- 32.65%
- 5Y*
- 45.68%
- 10Y*
- -42.97%
ATH.TO
- 1D
- 1.44%
- 1M
- 4.34%
- YTD
- 70.84%
- 6M
- 53.78%
- 1Y
- 126.60%
- 3Y*
- 59.50%
- 5Y*
- 71.91%
- 10Y*
- 24.52%
SDE.TO vs. ATH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDE.TO Spartan Delta Corp. | 74.34% | 110.14% | 15.77% | -44.45% | 158.91% | 100.34% | -99.40% | 150.00% | -80.00% | -44.44% |
ATH.TO Athabasca Oil Corporation | 70.84% | 31.89% | 27.82% | 73.03% | 102.52% | 600.00% | -71.19% | -40.40% | -7.48% | -47.80% |
Correlation
The correlation between SDE.TO and ATH.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2010 | 0.22 |
Over the past year, SDE.TO and ATH.TO have become more correlated (0.55) than their long-term average of 0.22, meaning their price movements have been converging.
Fundamentals
SDE.TO:
CA$2.54B
ATH.TO:
CA$5.84B
SDE.TO:
CA$0.30
ATH.TO:
CA$0.44
SDE.TO:
41.83
ATH.TO:
27.16
SDE.TO:
8.74
ATH.TO:
1.04
SDE.TO:
5.91
ATH.TO:
4.42
SDE.TO:
3.95
ATH.TO:
3.16
SDE.TO:
CA$435.29M
ATH.TO:
CA$1.35B
SDE.TO:
CA$138.59M
ATH.TO:
CA$518.18M
SDE.TO:
CA$290.43M
ATH.TO:
CA$505.02M
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Return for Risk
SDE.TO vs. ATH.TO — Risk / Return Rank
SDE.TO
ATH.TO
SDE.TO vs. ATH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spartan Delta Corp. (SDE.TO) 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.
| SDE.TO | ATH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.50 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 16.58 | 6.92 | +9.66 |
| Martin ratioReturn relative to average drawdown | 53.37 | 20.70 | +32.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDE.TO | ATH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.87 | 3.44 | +3.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.46 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.35 | 0.40 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.04 | -0.21 |
Drawdowns
SDE.TO vs. ATH.TO - Drawdown Comparison
The maximum SDE.TO drawdown since its inception was -100.00%, roughly equal to the maximum ATH.TO drawdown of -99.44%. Use the drawdown chart below to compare losses from any high point for SDE.TO and ATH.TO.
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Drawdown Indicators
| SDE.TO | ATH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.44% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -18.65% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -55.52% | -25.62% | -29.90% |
Max Drawdown (5Y)Largest decline over 5 years | -57.48% | -43.37% | -14.11% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -94.88% | -5.11% |
Current DrawdownCurrent decline from peak | -99.99% | -35.46% | -64.53% |
Average DrawdownAverage peak-to-trough decline | -86.90% | -73.93% | -12.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 6.22% | -1.00% |
Volatility
SDE.TO vs. ATH.TO - Volatility Comparison
Spartan Delta Corp. (SDE.TO) has a higher volatility of 14.08% compared to Athabasca Oil Corporation (ATH.TO) at 12.88%. This indicates that SDE.TO's price experiences larger fluctuations and is considered to be riskier than ATH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDE.TO | ATH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 12.88% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 31.02% | 30.96% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.74% | 37.58% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.60% | 49.71% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.08% | 61.48% | +62.60% |
Dividends
SDE.TO vs. ATH.TO - Dividend Comparison
Neither SDE.TO nor ATH.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ATH.TO Athabasca Oil Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDE.TO Spartan Delta Corp. | 0.00% | 0.00% | 0.00% | 322.15% | 3.34% |
Financials
SDE.TO vs. ATH.TO - Financials Comparison
This section allows you to compare key financial metrics between Spartan Delta 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
SDE.TO vs. ATH.TO - Profitability Comparison
SDE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spartan Delta Corp. reported a gross profit of 48.32M and revenue of 136.90M. Therefore, the gross margin over that period was 35.3%.
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%.
SDE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spartan Delta Corp. reported an operating income of 39.32M and revenue of 136.90M, resulting in an operating margin of 28.7%.
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%.
SDE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spartan Delta Corp. reported a net income of -13.64M and revenue of 136.90M, resulting in a net margin of -10.0%.
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
SDE.TO and ATH.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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