TNZ.TO vs. VLE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Tenaz Energy Corp. (TNZ.TO) and Valeura Energy Inc. (VLE.TO).

Performance

TNZ.TO vs. VLE.TO - Performance Comparison

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

TNZ.TO vs. VLE.TO - 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%
VLE.TO Valeura Energy Inc.	80.44%	12.67%	155.63%	35.89%	375.00%	-22.81%	-10.94%	-80.06%	-24.11%

Fundamentals

Market Cap TNZ.TO : CA$2.09B VLE.TO : CA$1.56B
EPS TNZ.TO : CA$9.65 VLE.TO : CA$0.22
PE Ratio TNZ.TO : 6.69 VLE.TO : 67.08
PEG Ratio TNZ.TO : 0.02 VLE.TO : 0.02
PS Ratio TNZ.TO : 7.31 VLE.TO : 2.41
PB Ratio TNZ.TO : 4.77 VLE.TO : 2.10
Total Revenue (TTM) TNZ.TO : CA$289.08M VLE.TO : CA$663.04M
Gross Profit (TTM) TNZ.TO : CA$121.70M VLE.TO : CA$248.83M
EBITDA (TTM) TNZ.TO : CA$333.75M VLE.TO : CA$308.11M

Returns By Period

In the year-to-date period, TNZ.TO achieves a 143.62% return, which is significantly higher than VLE.TO's 80.44% 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*: —

VLE.TO

• 1D: -3.40%
• 1M: 34.06%
• YTD: 80.44%
• 6M: 104.43%
• 1Y: 65.29%
• 3Y*: 71.23%
• 5Y*: 91.71%
• 10Y*: 36.24%

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

Return for Risk

TNZ.TO vs. VLE.TO — 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

VLE.TO

VLE.TO Risk / Return Rank: 76
VLE.TO Sharpe Ratio Rank: 77
VLE.TO Sortino Ratio Rank: 77
VLE.TO Omega Ratio Rank: 74
VLE.TO Calmar Ratio Rank: 80
VLE.TO Martin Ratio Rank: 74

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. VLE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tenaz Energy Corp. (TNZ.TO) and Valeura Energy Inc. (VLE.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.

	TNZ.TO	VLE.TO	Difference
Sharpe ratio Return per unit of total volatility	6.77	1.14	+5.63
Sortino ratio Return per unit of downside risk	7.26	1.90	+5.36
Omega ratio Gain probability vs. loss probability	1.87	1.24	+0.63
Calmar ratio Return relative to maximum drawdown	24.37	2.26	+22.11
Martin ratio Return relative to average drawdown	58.90	4.23	+54.67
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. VLE.TO - Sharpe Ratio Comparison

The current TNZ.TO Sharpe Ratio is 6.77, which is higher than the VLE.TO Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of TNZ.TO and VLE.TO, 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	VLE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.77	1.14	+5.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.52	1.13	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.02	+0.48

Correlation

The correlation between TNZ.TO and VLE.TO is 0.19, 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. VLE.TO - Dividend Comparison

Neither TNZ.TO nor VLE.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TNZ.TO vs. VLE.TO - Drawdown Comparison

The maximum TNZ.TO drawdown since its inception was -83.82%, smaller than the maximum VLE.TO drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for TNZ.TO and VLE.TO.

Drawdown Indicators

	TNZ.TO	VLE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-83.82%	-98.16%	+14.34%
Max Drawdown (1Y) Largest decline over 1 year	-16.37%	-33.55%	+17.18%
Max Drawdown (5Y) Largest decline over 5 years	-63.16%	-46.06%	-17.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-96.93%	—
Current Drawdown Current decline from peak	-4.85%	-3.40%	-1.45%
Average Drawdown Average peak-to-trough decline	-46.10%	-75.81%	+29.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	17.90%	-11.13%

Volatility

TNZ.TO vs. VLE.TO - Volatility Comparison

The current volatility for Tenaz Energy Corp. (TNZ.TO) is 15.69%, while Valeura Energy Inc. (VLE.TO) has a volatility of 17.34%. This indicates that TNZ.TO experiences smaller price fluctuations and is considered to be less risky than VLE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNZ.TO	VLE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	17.34%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	43.49%	30.94%	+12.55%
Volatility (1Y) Calculated over the trailing 1-year period	59.54%	57.75%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.27%	81.98%	-16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.91%	88.64%	-15.73%

Financials

TNZ.TO vs. VLE.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Tenaz Energy Corp. and Valeura Energy Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TNZ.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tenaz Energy Corp. reported a gross profit of 17.07M and revenue of 115.65M. Therefore, the gross margin over that period was 14.8%.

VLE.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Valeura Energy Inc. reported a gross profit of 51.97M and revenue of 230.04M. Therefore, the gross margin over that period was 22.6%.

TNZ.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tenaz Energy Corp. reported an operating income of 13.39M and revenue of 115.65M, resulting in an operating margin of 11.6%.

VLE.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Valeura Energy Inc. reported an operating income of -15.80M and revenue of 230.04M, resulting in an operating margin of -6.9%.

TNZ.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tenaz Energy Corp. reported a net income of 107.56M and revenue of 115.65M, resulting in a net margin of 93.0%.

VLE.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Valeura Energy Inc. reported a net income of -17.52M and revenue of 230.04M, resulting in a net margin of -7.6%.