SPPL vs. BTE

Last updated Jul 11, 2026

SPPL (SIMPPLE LTD. Ordinary Shares) and BTE (Baytex Energy Corp) are both stocks. SPPL operates in Software - Application (Technology), while BTE operates in Oil & Gas E&P (Energy). Over the past year, SPPL returned 13.75% vs 116.20% for BTE. At a 0.04 correlation, their price movements are largely independent.

Performance

SPPL vs. BTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SIMPPLE LTD. Ordinary Shares (SPPL) and Baytex Energy Corp (BTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPL achieves a -14.35% return, which is significantly lower than BTE's 26.95% return.

SPPL

• 1D: 1.11%
• 1M: 3.12%
• 6M: 15.19%
• YTD: -14.35%
• 1Y: 13.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTE

• 1D: 0.49%
• 1M: -11.98%
• 6M: 23.88%
• YTD: 26.95%
• 1Y: 116.20%
• 3Y*: 7.55%
• 5Y*: 17.43%
• 10Y*: -2.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPL vs. BTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPPL SIMPPLE LTD. Ordinary Shares	-14.35%	-46.88%	-83.08%	20.61%
BTE Baytex Energy Corp	26.95%	28.83%	-20.55%	-23.14%

Correlation

The correlation between SPPL and BTE is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.04

Fundamentals

Market Cap SPPL : $17.74M BTE : $2.90B
EPS SPPL : -SGD 1.34 BTE : -CA$0.97
PS Ratio SPPL : 3.08 BTE : 8.31
PB Ratio SPPL : 7.92 BTE : 2.01
Total Revenue (TTM) SPPL : SGD 8.82M BTE : CA$528.79M
Gross Profit (TTM) SPPL : SGD 4.79M BTE : -CA$81.49M
EBITDA (TTM) SPPL : -SGD 7.00M BTE : CA$388.25M

Return for Risk

SPPL vs. BTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPL

SPPL Risk / Return Rank: 50
SPPL Sharpe Ratio Rank: 48
SPPL Sortino Ratio Rank: 55
SPPL Omega Ratio Rank: 53
SPPL Calmar Ratio Rank: 47
SPPL Martin Ratio Rank: 47

BTE

BTE Risk / Return Rank: 93
BTE Sharpe Ratio Rank: 95
BTE Sortino Ratio Rank: 92
BTE Omega Ratio Rank: 90
BTE Calmar Ratio Rank: 92
BTE Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPL vs. BTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SIMPPLE LTD. Ordinary Shares (SPPL) and Baytex Energy Corp (BTE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPPL	BTE	Difference
Sharpe ratio: Return per unit of total volatility	0.06	2.54	-2.48
Sortino ratio: Return per unit of downside risk	0.83	3.04	-2.21
Omega ratio: Gain probability vs. loss probability	1.10	1.37	-0.27
Calmar ratio: Return relative to maximum drawdown	0.08	4.27	-4.19
Martin ratio: Return relative to average drawdown	0.13	14.03	-13.90

SPPL vs. BTE - Sharpe Ratio Comparison

The current SPPL Sharpe Ratio is 0.06, which is lower than the BTE Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SPPL and BTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPPL vs. BTE - Drawdown Comparison

The maximum SPPL drawdown since its inception was -97.62%, roughly equal to the maximum BTE drawdown of -99.55%. Use the drawdown chart below to compare losses from any high point for SPPL and BTE.

Drawdown Indicators

	SPPL	BTE	Difference
Max Drawdown Largest peak-to-trough decline	-97.62%	-99.55%	+1.93%
Max Drawdown (1Y) Largest decline over 1 year	-72.81%	-27.38%	-45.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-66.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-78.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-96.27%	—
Current Drawdown Current decline from peak	-95.18%	-90.63%	-4.55%
Average Drawdown Average peak-to-trough decline	-81.62%	-60.83%	-20.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.35%	8.32%	+35.03%

Volatility

SPPL vs. BTE - Volatility Comparison

SIMPPLE LTD. Ordinary Shares (SPPL) has a higher volatility of 16.07% compared to Baytex Energy Corp (BTE) at 11.38%. This indicates that SPPL's price experiences larger fluctuations and is considered to be riskier than BTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPL	BTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.07%	11.38%	+4.69%
Volatility (6M) Calculated over the trailing 6-month period	65.71%	30.73%	+34.98%
Volatility (1Y) Calculated over the trailing 1-year period	97.67%	46.03%	+51.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.49%	54.21%	+149.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.49%	65.39%	+138.10%

Dividends

SPPL vs. BTE - Dividend Comparison

SPPL has not paid dividends to shareholders, while BTE's dividend yield for the trailing twelve months is around 1.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTE Baytex Energy Corp	1.59%	2.03%	2.56%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.69%
SPPL SIMPPLE LTD. Ordinary Shares	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

Frequently Asked Questions

Can I hold both SPPL and BTE in my portfolio?

SPPL and BTE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPPL or BTE?

SPPL has higher volatility (16.07%) compared to BTE (11.38%). In terms of maximum drawdown, SPPL dropped -97.62% vs BTE's -99.55%.

Which has better risk-adjusted returns?

BTE currently has the higher Sharpe Ratio (2.54 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.