SHL.AX vs. TNZ.TO
SHL.AX (Sonic Healthcare Limited) and TNZ.TO (Tenaz Energy Corp.) are both stocks. SHL.AX operates in Diagnostics & Research (Healthcare), while TNZ.TO operates in Oil & Gas E&P (Energy). Over the past 5 years, SHL.AX returned -8.38%/yr vs 90.14%/yr for TNZ.TO. At a correlation of -0.00, they often move in opposite directions.
Performance
SHL.AX vs. TNZ.TO - Performance Comparison
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Different Trading Currencies
SHL.AX is traded in AUD, while TNZ.TO is traded in CAD. To make them comparable, the TNZ.TO values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHL.AX achieves a -14.07% return, which is significantly lower than TNZ.TO's 83.66% return.
SHL.AX
- 1D
- 1.44%
- 1M
- 0.69%
- YTD
- -14.07%
- 6M
- -15.92%
- 1Y
- -24.54%
- 3Y*
- -16.00%
- 5Y*
- -8.38%
- 10Y*
- 2.10%
TNZ.TO
- 1D
- -0.04%
- 1M
- -14.44%
- YTD
- 83.66%
- 6M
- 110.24%
- 1Y
- 164.18%
- 3Y*
- 176.35%
- 5Y*
- 90.14%
- 10Y*
- —
SHL.AX vs. TNZ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHL.AX Sonic Healthcare Limited | -14.07% | -12.62% | -12.60% | 10.53% | -33.75% | 48.62% | 14.93% | 34.14% | -10.67% |
TNZ.TO Tenaz Energy Corp. | 83.66% | 83.56% | 261.88% | 87.09% | -33.79% | 155.16% | -63.59% | -10.14% | -30.33% |
Correlation
The correlation between SHL.AX and TNZ.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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2018 | -0.00 |
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Return for Risk
SHL.AX vs. TNZ.TO — Risk / Return Rank
SHL.AX
TNZ.TO
SHL.AX vs. TNZ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sonic Healthcare Limited (SHL.AX) and Tenaz Energy Corp. (TNZ.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.
| SHL.AX | TNZ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.48 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 5.46 | -6.20 |
| Martin ratioReturn relative to average drawdown | -1.19 | 17.32 | -18.52 |
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
| SHL.AX | TNZ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 2.84 | -3.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 1.40 | -1.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.44 | -0.09 |
Drawdowns
SHL.AX vs. TNZ.TO - Drawdown Comparison
The maximum SHL.AX drawdown since its inception was -90.00%, which is greater than TNZ.TO's maximum drawdown of -83.61%. Use the drawdown chart below to compare losses from any high point for SHL.AX and TNZ.TO.
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Drawdown Indicators
| SHL.AX | TNZ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.00% | -83.61% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -33.43% | -29.51% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -42.65% | -29.82% | -12.83% |
Max Drawdown (5Y)Largest decline over 5 years | -53.71% | -61.98% | +8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -53.71% | — | — |
Current DrawdownCurrent decline from peak | -52.03% | -24.53% | -27.50% |
Average DrawdownAverage peak-to-trough decline | -19.29% | -43.74% | +24.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 9.28% | +11.58% |
Volatility
SHL.AX vs. TNZ.TO - Volatility Comparison
The current volatility for Sonic Healthcare Limited (SHL.AX) is 6.54%, while Tenaz Energy Corp. (TNZ.TO) has a volatility of 16.00%. This indicates that SHL.AX experiences smaller price fluctuations and is considered to be less risky than TNZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHL.AX | TNZ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 16.00% | -9.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 39.29% | -22.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 56.69% | -31.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 64.63% | -41.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 72.81% | -49.80% |
Dividends
SHL.AX vs. TNZ.TO - Dividend Comparison
SHL.AX's dividend yield for the trailing twelve months is around 5.67%, while TNZ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHL.AX Sonic Healthcare Limited | 5.67% | 4.73% | 3.92% | 3.24% | 3.34% | 1.95% | 2.64% | 2.92% | 3.66% | 3.37% | 3.46% | 3.92% |
TNZ.TO Tenaz Energy Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SHL.AX vs. TNZ.TO - Financials Comparison
This section allows you to compare key financial metrics between Sonic Healthcare Limited and Tenaz Energy 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
Frequently Asked Questions
SHL.AX and TNZ.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.
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