SDE.TO vs. JOY.TO
SDE.TO (Spartan Delta Corp.) and JOY.TO (Journey Energy Inc.) 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 14.45%/yr for JOY.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
SDE.TO vs. JOY.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 lower than JOY.TO's 92.77% return. Over the past 10 years, SDE.TO has underperformed JOY.TO with an annualized return of -42.97%, while JOY.TO has yielded a comparatively higher 14.45% 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%
JOY.TO
- 1D
- 0.49%
- 1M
- -7.40%
- YTD
- 92.77%
- 6M
- 63.47%
- 1Y
- 240.56%
- 3Y*
- 0.94%
- 5Y*
- 44.59%
- 10Y*
- 14.45%
SDE.TO vs. JOY.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% |
JOY.TO Journey Energy Inc. | 92.77% | 68.25% | -51.04% | -29.30% | 102.22% | 1,073.91% | -86.47% | -12.37% | 9.60% | -36.79% |
Correlation
The correlation between SDE.TO and JOY.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2014 | 0.30 |
The correlation between SDE.TO and JOY.TO shifts across timeframes, from 0.30 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SDE.TO:
CA$2.54B
JOY.TO:
CA$413.66M
SDE.TO:
CA$0.30
JOY.TO:
CA$0.18
SDE.TO:
41.83
JOY.TO:
33.60
SDE.TO:
8.74
JOY.TO:
0.54
SDE.TO:
5.91
JOY.TO:
2.39
SDE.TO:
3.95
JOY.TO:
1.18
SDE.TO:
CA$435.29M
JOY.TO:
CA$173.38M
SDE.TO:
CA$138.59M
JOY.TO:
CA$68.36M
SDE.TO:
CA$290.43M
JOY.TO:
CA$60.04M
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Return for Risk
SDE.TO vs. JOY.TO — Risk / Return Rank
SDE.TO
JOY.TO
SDE.TO vs. JOY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spartan Delta Corp. (SDE.TO) and Journey Energy Inc. (JOY.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 | JOY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.58 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 16.58 | 8.83 | +7.76 |
| Martin ratioReturn relative to average drawdown | 53.37 | 21.88 | +31.49 |
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 | JOY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.87 | 4.92 | +1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.76 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.35 | 0.07 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.03 | -0.22 |
Drawdowns
SDE.TO vs. JOY.TO - Drawdown Comparison
The maximum SDE.TO drawdown since its inception was -100.00%, roughly equal to the maximum JOY.TO drawdown of -99.44%. Use the drawdown chart below to compare losses from any high point for SDE.TO and JOY.TO.
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Drawdown Indicators
| SDE.TO | JOY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.44% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -27.45% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -55.52% | -78.52% | +23.00% |
Max Drawdown (5Y)Largest decline over 5 years | -57.48% | -83.01% | +25.53% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -98.15% | -1.84% |
Current DrawdownCurrent decline from peak | -99.99% | -43.25% | -56.74% |
Average DrawdownAverage peak-to-trough decline | -86.90% | -72.47% | -14.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 11.05% | -5.83% |
Volatility
SDE.TO vs. JOY.TO - Volatility Comparison
The current volatility for Spartan Delta Corp. (SDE.TO) is 14.08%, while Journey Energy Inc. (JOY.TO) has a volatility of 15.48%. This indicates that SDE.TO experiences smaller price fluctuations and is considered to be less risky than JOY.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 | JOY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 15.48% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 31.02% | 38.52% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.74% | 49.21% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.60% | 59.42% | -12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.08% | 199.71% | -75.63% |
Dividends
SDE.TO vs. JOY.TO - Dividend Comparison
Neither SDE.TO nor JOY.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOY.TO Journey Energy Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 15.47% |
SDE.TO Spartan Delta Corp. | 0.00% | 0.00% | 0.00% | 322.15% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SDE.TO vs. JOY.TO - Financials Comparison
This section allows you to compare key financial metrics between Spartan Delta Corp. and Journey Energy Inc.. 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. JOY.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%.
JOY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported a gross profit of -1.74M and revenue of 31.46M. Therefore, the gross margin over that period was -5.5%.
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%.
JOY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported an operating income of -5.84M and revenue of 31.46M, resulting in an operating margin of -18.6%.
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%.
JOY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported a net income of -5.85M and revenue of 31.46M, resulting in a net margin of -18.6%.
Frequently Asked Questions
SDE.TO and JOY.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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