SDE.TO vs. TVE.TO
SDE.TO (Spartan Delta Corp.) and TVE.TO (Tamarack Valley Energy Ltd.) 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 15.45%/yr for TVE.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
SDE.TO vs. TVE.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SDE.TO having a 74.34% return and TVE.TO slightly higher at 75.32%. Over the past 10 years, SDE.TO has underperformed TVE.TO with an annualized return of -42.97%, while TVE.TO has yielded a comparatively higher 15.45% 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%
TVE.TO
- 1D
- 2.73%
- 1M
- 15.40%
- YTD
- 75.32%
- 6M
- 73.65%
- 1Y
- 218.42%
- 3Y*
- 63.29%
- 5Y*
- 42.54%
- 10Y*
- 15.45%
SDE.TO vs. TVE.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% |
TVE.TO Tamarack Valley Energy Ltd. | 75.32% | 71.72% | 62.51% | -28.21% | 18.81% | 203.15% | -36.50% | -15.25% | -17.48% | -17.34% |
Correlation
The correlation between SDE.TO and TVE.TO is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2006 | 0.18 |
Over the past year, SDE.TO and TVE.TO have become more correlated (0.63) than their long-term average of 0.18, meaning their price movements have been converging.
Fundamentals
SDE.TO:
CA$2.54B
TVE.TO:
CA$6.83B
SDE.TO:
CA$0.30
TVE.TO:
-CA$0.19
SDE.TO:
5.91
TVE.TO:
4.82
SDE.TO:
3.95
TVE.TO:
3.87
SDE.TO:
CA$435.29M
TVE.TO:
CA$1.44B
SDE.TO:
CA$138.59M
TVE.TO:
CA$560.03M
SDE.TO:
CA$290.43M
TVE.TO:
CA$596.84M
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Return for Risk
SDE.TO vs. TVE.TO — Risk / Return Rank
SDE.TO
TVE.TO
SDE.TO vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spartan Delta Corp. (SDE.TO) and Tamarack Valley Energy Ltd. (TVE.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 | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.78 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 16.58 | 22.02 | -5.44 |
| Martin ratioReturn relative to average drawdown | 53.37 | 72.66 | -19.29 |
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 | TVE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.87 | 6.36 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.98 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.35 | 0.29 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.06 | -0.31 |
Drawdowns
SDE.TO vs. TVE.TO - Drawdown Comparison
The maximum SDE.TO drawdown since its inception was -100.00%, roughly equal to the maximum TVE.TO drawdown of -97.42%. Use the drawdown chart below to compare losses from any high point for SDE.TO and TVE.TO.
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Drawdown Indicators
| SDE.TO | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -97.42% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -9.99% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -55.52% | -34.88% | -20.64% |
Max Drawdown (5Y)Largest decline over 5 years | -57.48% | -53.65% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -91.68% | -8.31% |
Current DrawdownCurrent decline from peak | -99.99% | -3.68% | -96.31% |
Average DrawdownAverage peak-to-trough decline | -86.90% | -70.68% | -16.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 3.02% | +2.20% |
Volatility
SDE.TO vs. TVE.TO - Volatility Comparison
Spartan Delta Corp. (SDE.TO) and Tamarack Valley Energy Ltd. (TVE.TO) have volatilities of 14.08% and 14.10%, 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.
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Volatility by Period
| SDE.TO | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 14.10% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 31.02% | 28.41% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.74% | 34.67% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.60% | 43.63% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.08% | 52.93% | +71.15% |
Dividends
SDE.TO vs. TVE.TO - Dividend Comparison
SDE.TO has not paid dividends to shareholders, while TVE.TO's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SDE.TO Spartan Delta Corp. | 0.00% | 0.00% | 0.00% | 322.15% | 3.34% |
TVE.TO Tamarack Valley Energy Ltd. | 0.94% | 1.95% | 3.26% | 5.08% | 2.60% |
Financials
SDE.TO vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between Spartan Delta Corp. and Tamarack Valley Energy Ltd.. 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. TVE.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%.
TVE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a gross profit of 182.80M and revenue of 375.55M. Therefore, the gross margin over that period was 48.7%.
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%.
TVE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported an operating income of 163.31M and revenue of 375.55M, resulting in an operating margin of 43.5%.
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%.
TVE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a net income of 5.65M and revenue of 375.55M, resulting in a net margin of 1.5%.
Frequently Asked Questions
SDE.TO and TVE.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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