TNZ.TO vs. ARTGX

Last updated Apr 1, 2026

Compare and contrast key facts about Tenaz Energy Corp. (TNZ.TO) and Artisan Global Value Fund (ARTGX).

ARTGX is managed by Artisan. It was launched on Dec 9, 2007.

Performance

TNZ.TO vs. ARTGX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Tenaz Energy Corp. (TNZ.TO) and Artisan Global Value Fund (ARTGX). The values are adjusted to include any dividend payments, if applicable.

TNZ.TO vs. ARTGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TNZ.TO Tenaz Energy Corp.	143.62%	88.88%	257.00%	82.79%	-33.44%	139.26%	-60.87%	-14.81%	-31.36%
ARTGX Artisan Global Value Fund	-3.50%	27.88%	20.16%	23.78%	-7.40%	14.55%	4.68%	17.70%	-8.59%

Different Trading Currencies

TNZ.TO is traded in CAD, while ARTGX is traded in USD. To make them comparable, the ARTGX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TNZ.TO achieves a 143.62% return, which is significantly higher than ARTGX's -3.50% return.

TNZ.TO

• 1D: -1.12%
• 1M: 37.60%
• YTD: 143.62%
• 6M: 219.92%
• 1Y: 400.08%
• 3Y*: 213.27%
• 5Y*: 98.40%
• 10Y*: —

ARTGX

• 1D: 0.83%
• 1M: -7.32%
• YTD: -3.50%
• 6M: 1.97%
• 1Y: 13.18%
• 3Y*: 18.76%
• 5Y*: 12.56%
• 10Y*: 11.19%

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

Return for Risk

TNZ.TO vs. ARTGX — Risk / Return Rank

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

TNZ.TO

TNZ.TO Risk / Return Rank: 99
TNZ.TO Sharpe Ratio Rank: 100
TNZ.TO Sortino Ratio Rank: 99
TNZ.TO Omega Ratio Rank: 99
TNZ.TO Calmar Ratio Rank: 100
TNZ.TO Martin Ratio Rank: 100

ARTGX

ARTGX Risk / Return Rank: 67
ARTGX Sharpe Ratio Rank: 70
ARTGX Sortino Ratio Rank: 70
ARTGX Omega Ratio Rank: 68
ARTGX Calmar Ratio Rank: 65
ARTGX Martin Ratio Rank: 62

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.

TNZ.TO vs. ARTGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tenaz Energy Corp. (TNZ.TO) and Artisan Global Value Fund (ARTGX). 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.

	TNZ.TO	ARTGX	Difference
Sharpe ratio Return per unit of total volatility	6.77	1.03	+5.75
Sortino ratio Return per unit of downside risk	7.26	1.42	+5.84
Omega ratio Gain probability vs. loss probability	1.87	1.20	+0.66
Calmar ratio Return relative to maximum drawdown	24.37	1.22	+23.15
Martin ratio Return relative to average drawdown	58.90	4.30	+54.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNZ.TO vs. ARTGX - Sharpe Ratio Comparison

The current TNZ.TO Sharpe Ratio is 6.77, which is higher than the ARTGX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of TNZ.TO and ARTGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TNZ.TO	ARTGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.77	1.03	+5.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.52	1.05	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.96	-0.46

Correlation

The correlation between TNZ.TO and ARTGX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TNZ.TO vs. ARTGX - Dividend Comparison

TNZ.TO has not paid dividends to shareholders, while ARTGX's dividend yield for the trailing twelve months is around 4.82%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ARTGX Artisan Global Value Fund	4.82%	4.58%	5.38%	2.87%	3.68%	9.38%	0.05%	1.29%	6.35%	2.01%	2.66%	5.95%

Drawdowns

TNZ.TO vs. ARTGX - Drawdown Comparison

The maximum TNZ.TO drawdown since its inception was -83.82%, which is greater than ARTGX's maximum drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for TNZ.TO and ARTGX.

Drawdown Indicators

	TNZ.TO	ARTGX	Difference
Max Drawdown Largest peak-to-trough decline	-83.82%	-49.92%	-33.90%
Max Drawdown (1Y) Largest decline over 1 year	-16.37%	-10.18%	-6.19%
Max Drawdown (5Y) Largest decline over 5 years	-63.16%	-26.74%	-36.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.90%	—
Current Drawdown Current decline from peak	-4.85%	-9.64%	+4.79%
Average Drawdown Average peak-to-trough decline	-46.10%	-6.60%	-39.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	2.54%	+4.23%

Volatility

TNZ.TO vs. ARTGX - Volatility Comparison

Tenaz Energy Corp. (TNZ.TO) has a higher volatility of 15.69% compared to Artisan Global Value Fund (ARTGX) at 4.36%. This indicates that TNZ.TO's price experiences larger fluctuations and is considered to be riskier than ARTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNZ.TO	ARTGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	4.36%	+11.33%
Volatility (6M) Calculated over the trailing 6-month period	43.49%	8.30%	+35.19%
Volatility (1Y) Calculated over the trailing 1-year period	59.54%	13.34%	+46.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.27%	12.00%	+53.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.91%	15.06%	+57.85%