SDE.TO vs. IPO.TO
SDE.TO (Spartan Delta Corp.) and IPO.TO (InPlay Oil Corp.) 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 39.50%/yr for IPO.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
SDE.TO vs. IPO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SDE.TO achieves a 74.34% return, which is significantly higher than IPO.TO's 43.71% return. Over the past 10 years, SDE.TO has underperformed IPO.TO with an annualized return of -42.97%, while IPO.TO has yielded a comparatively higher 39.50% 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%
IPO.TO
- 1D
- 0.00%
- 1M
- 2.47%
- YTD
- 43.71%
- 6M
- 38.47%
- 1Y
- 101.74%
- 3Y*
- 13.01%
- 5Y*
- 35.79%
- 10Y*
- 39.50%
SDE.TO vs. IPO.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% |
IPO.TO InPlay Oil Corp. | 43.71% | 32.50% | -14.79% | -21.88% | 40.32% | 847.83% | -65.15% | -32.65% | -49.48% | -2.51% |
Correlation
The correlation between SDE.TO and IPO.TO is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2006 | 0.18 |
Over the past year, SDE.TO and IPO.TO have become more correlated (0.51) than their long-term average of 0.18, meaning their price movements have been converging.
Fundamentals
SDE.TO:
CA$2.54B
IPO.TO:
CA$483.03M
SDE.TO:
CA$0.30
IPO.TO:
-CA$1.43
SDE.TO:
5.91
IPO.TO:
1.50
SDE.TO:
3.95
IPO.TO:
1.46
SDE.TO:
CA$435.29M
IPO.TO:
CA$319.13M
SDE.TO:
CA$138.59M
IPO.TO:
CA$110.83M
SDE.TO:
CA$290.43M
IPO.TO:
CA$128.66M
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Return for Risk
SDE.TO vs. IPO.TO — Risk / Return Rank
SDE.TO
IPO.TO
SDE.TO vs. IPO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spartan Delta Corp. (SDE.TO) and InPlay Oil Corp. (IPO.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 | IPO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.38 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 16.58 | 5.26 | +11.32 |
| Martin ratioReturn relative to average drawdown | 53.37 | 16.73 | +36.63 |
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 | IPO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.87 | 2.54 | +4.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.71 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.35 | 0.04 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.03 | -0.22 |
Drawdowns
SDE.TO vs. IPO.TO - Drawdown Comparison
The maximum SDE.TO drawdown since its inception was -100.00%, roughly equal to the maximum IPO.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SDE.TO and IPO.TO.
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Drawdown Indicators
| SDE.TO | IPO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -17.77% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -55.52% | -55.59% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -57.48% | -72.62% | +15.14% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -97.78% | -2.21% |
Current DrawdownCurrent decline from peak | -99.99% | -99.86% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -86.90% | -93.22% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 5.59% | -0.37% |
Volatility
SDE.TO vs. IPO.TO - Volatility Comparison
Spartan Delta Corp. (SDE.TO) has a higher volatility of 14.08% compared to InPlay Oil Corp. (IPO.TO) at 13.33%. This indicates that SDE.TO's price experiences larger fluctuations and is considered to be riskier than IPO.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 | IPO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 13.33% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 31.02% | 28.22% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.74% | 36.99% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.60% | 50.46% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.08% | 1,129.39% | -1,005.31% |
Dividends
SDE.TO vs. IPO.TO - Dividend Comparison
SDE.TO has not paid dividends to shareholders, while IPO.TO's dividend yield for the trailing twelve months is around 6.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IPO.TO InPlay Oil Corp. | 6.24% | 8.71% | 10.40% | 8.14% | 0.99% |
SDE.TO Spartan Delta Corp. | 0.00% | 0.00% | 0.00% | 322.15% | 3.34% |
Financials
SDE.TO vs. IPO.TO - Financials Comparison
This section allows you to compare key financial metrics between Spartan Delta Corp. and InPlay Oil Corp.. 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. IPO.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%.
IPO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, InPlay Oil Corp. reported a gross profit of 15.18M and revenue of 77.23M. Therefore, the gross margin over that period was 19.7%.
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%.
IPO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, InPlay Oil Corp. reported an operating income of 7.27M and revenue of 77.23M, resulting in an operating margin of 9.4%.
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%.
IPO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, InPlay Oil Corp. reported a net income of -34.63M and revenue of 77.23M, resulting in a net margin of -44.8%.
Frequently Asked Questions
SDE.TO and IPO.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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