TOU.TO vs. ARCC
TOU.TO (Tourmaline Oil Corp.) and ARCC (Ares Capital Corporation) are both stocks. TOU.TO operates in Oil & Gas E&P (Energy), while ARCC operates in Asset Management (Financial Services). Over the past 10 years, TOU.TO returned 12.12%/yr vs 13.66%/yr for ARCC. At a 0.10 correlation, their price movements are largely independent.
Performance
TOU.TO vs. ARCC - Performance Comparison
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Different Trading Currencies
TOU.TO is traded in CAD, while ARCC is traded in USD. To make them comparable, the ARCC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TOU.TO achieves a 7.05% return, which is significantly higher than ARCC's -3.08% return. Over the past 10 years, TOU.TO has underperformed ARCC with an annualized return of 12.12%, while ARCC has yielded a comparatively higher 13.66% annualized return.
TOU.TO
- 1D
- -0.18%
- 1M
- -2.14%
- YTD
- 7.05%
- 6M
- 1.43%
- 1Y
- 7.81%
- 3Y*
- 9.49%
- 5Y*
- 25.19%
- 10Y*
- 12.12%
ARCC
- 1D
- -0.37%
- 1M
- 0.26%
- YTD
- -3.08%
- 6M
- -5.17%
- 1Y
- -4.17%
- 3Y*
- 10.76%
- 5Y*
- 11.94%
- 10Y*
- 13.66%
TOU.TO vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOU.TO Tourmaline Oil Corp. | 7.05% | -2.47% | 17.80% | -3.54% | 88.19% | 147.05% | 17.24% | -7.69% | -24.08% | -36.56% |
ARCC Ares Capital Corporation | -3.08% | -3.57% | 30.07% | 17.39% | 3.01% | 34.90% | -0.84% | 24.84% | 18.04% | -2.16% |
Correlation
The correlation between TOU.TO and ARCC 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 (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2010 | 0.10 |
The correlation between TOU.TO and ARCC shifts across timeframes, from -0.06 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TOU.TO:
CA$25.47B
ARCC:
$13.49B
TOU.TO:
CA$1.83
ARCC:
$1.63
TOU.TO:
35.73
ARCC:
11.52
TOU.TO:
4.57
ARCC:
5.03
TOU.TO:
1.60
ARCC:
0.96
TOU.TO:
CA$5.53B
ARCC:
$2.63B
TOU.TO:
CA$406.87M
ARCC:
$1.86B
TOU.TO:
CA$3.49B
ARCC:
$2.05B
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Return for Risk
TOU.TO vs. ARCC — Risk / Return Rank
TOU.TO
ARCC
TOU.TO vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tourmaline Oil Corp. (TOU.TO) and Ares Capital Corporation (ARCC). 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.
| TOU.TO | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.98 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.22 | +0.77 |
| Martin ratioReturn relative to average drawdown | 1.06 | -0.41 | +1.46 |
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
| TOU.TO | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | -0.23 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.64 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.56 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.75 | -0.44 |
Drawdowns
TOU.TO vs. ARCC - Drawdown Comparison
The maximum TOU.TO drawdown since its inception was -87.67%, which is greater than ARCC's maximum drawdown of -52.90%. Use the drawdown chart below to compare losses from any high point for TOU.TO and ARCC.
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Drawdown Indicators
| TOU.TO | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.67% | -52.90% | -34.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.04% | -19.37% | +4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -26.27% | -21.60% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -21.60% | -10.90% |
Max Drawdown (10Y)Largest decline over 10 years | -81.36% | -52.90% | -28.46% |
Current DrawdownCurrent decline from peak | -5.90% | -14.41% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -31.20% | -5.23% | -25.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 10.27% | -2.33% |
Volatility
TOU.TO vs. ARCC - Volatility Comparison
Tourmaline Oil Corp. (TOU.TO) has a higher volatility of 7.34% compared to Ares Capital Corporation (ARCC) at 3.91%. This indicates that TOU.TO's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOU.TO | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 3.91% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 19.24% | 14.80% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 18.49% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.64% | 18.68% | +12.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.57% | 24.27% | +11.30% |
Dividends
TOU.TO vs. ARCC - Dividend Comparison
TOU.TO's dividend yield for the trailing twelve months is around 3.97%, less than ARCC's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.22% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
TOU.TO Tourmaline Oil Corp. | 3.97% | 5.36% | 4.99% | 10.99% | 11.56% | 3.48% | 2.91% | 3.02% | 2.18% | 0.00% | 0.00% | 0.00% |
Financials
TOU.TO vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Tourmaline Oil Corp. and Ares Capital Corporation. 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
TOU.TO vs. ARCC - Profitability Comparison
TOU.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tourmaline Oil Corp. reported a gross profit of 503.31M and revenue of 1.62B. Therefore, the gross margin over that period was 31.1%.
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported a gross profit of 550.00M and revenue of 763.00M. Therefore, the gross margin over that period was 72.1%.
TOU.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tourmaline Oil Corp. reported an operating income of 438.53M and revenue of 1.62B, resulting in an operating margin of 27.1%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported an operating income of 404.00M and revenue of 763.00M, resulting in an operating margin of 53.0%.
TOU.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tourmaline Oil Corp. reported a net income of 657.56M and revenue of 1.62B, resulting in a net margin of 40.7%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported a net income of 92.00M and revenue of 763.00M, resulting in a net margin of 12.1%.
Frequently Asked Questions
TOU.TO and ARCC 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.
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