TPET vs. BATL

Last updated Apr 1, 2026

Compare and contrast key facts about Trio Petroleum Corp. (TPET) and Battalion Oil Corporation (BATL).

Performance

TPET vs. BATL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trio Petroleum Corp. (TPET) and Battalion Oil Corporation (BATL). The values are adjusted to include any dividend payments, if applicable.

TPET vs. BATL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TPET Trio Petroleum Corp.	-13.10%	-34.38%	290.45%	-86.35%
BATL Battalion Oil Corporation	245.13%	-34.30%	-82.10%	29.86%

Fundamentals

Market Cap TPET : $7.26M BATL : $64.18M
EPS TPET : -$0.90 BATL : $0.72
PS Ratio TPET : 10.07 BATL : 0.39
Total Revenue (TTM) TPET : $510.11K BATL : $164.96M
Gross Profit (TTM) TPET : $243.02K BATL : $120.16M
EBITDA (TTM) TPET : -$6.18M BATL : $99.76M

Returns By Period

In the year-to-date period, TPET achieves a -13.10% return, which is significantly lower than BATL's 245.13% return.

TPET

• 1D: -17.68%
• 1M: 64.29%
• YTD: -13.10%
• 6M: -34.29%
• 1Y: -50.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BATL

• 1D: -28.83%
• 1M: -29.35%
• YTD: 245.13%
• 6M: 222.31%
• 1Y: 200.00%
• 3Y*: -15.96%
• 5Y*: -20.04%
• 10Y*: —

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

Return for Risk

TPET vs. BATL — Risk / Return Rank

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

TPET

TPET Risk / Return Rank: 39
TPET Sharpe Ratio Rank: 31
TPET Sortino Ratio Rank: 62
TPET Omega Ratio Rank: 63
TPET Calmar Ratio Rank: 19
TPET Martin Ratio Rank: 18

BATL

BATL Risk / Return Rank: 83
BATL Sharpe Ratio Rank: 65
BATL Sortino Ratio Rank: 97
BATL Omega Ratio Rank: 97
BATL Calmar Ratio Rank: 81
BATL 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.

TPET vs. BATL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trio Petroleum Corp. (TPET) and Battalion Oil Corporation (BATL). 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.

	TPET	BATL	Difference
Sharpe ratio Return per unit of total volatility	-0.22	0.65	-0.86
Sortino ratio Return per unit of downside risk	1.27	4.06	-2.79
Omega ratio Gain probability vs. loss probability	1.18	1.58	-0.40
Calmar ratio Return relative to maximum drawdown	-0.63	2.36	-2.99
Martin ratio Return relative to average drawdown	-1.20	4.18	-5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPET vs. BATL - Sharpe Ratio Comparison

The current TPET Sharpe Ratio is -0.22, which is lower than the BATL Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of TPET and BATL, 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

	TPET	BATL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	0.65	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.09	+0.06

Correlation

The correlation between TPET and BATL is 0.18, 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

TPET vs. BATL - Dividend Comparison

Neither TPET nor BATL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TPET vs. BATL - Drawdown Comparison

The maximum TPET drawdown since its inception was -96.54%, roughly equal to the maximum BATL drawdown of -95.23%. Use the drawdown chart below to compare losses from any high point for TPET and BATL.

Drawdown Indicators

	TPET	BATL	Difference
Max Drawdown Largest peak-to-trough decline	-96.54%	-95.23%	-1.31%
Max Drawdown (1Y) Largest decline over 1 year	-78.03%	-85.91%	+7.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.23%	—
Current Drawdown Current decline from peak	-74.06%	-85.91%	+11.85%
Average Drawdown Average peak-to-trough decline	-67.45%	-58.47%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.95%	48.41%	-7.46%

Volatility

TPET vs. BATL - Volatility Comparison

Trio Petroleum Corp. (TPET) and Battalion Oil Corporation (BATL) have volatilities of 133.20% and 130.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPET	BATL	Difference
Volatility (1M) Calculated over the trailing 1-month period	133.20%	130.15%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	174.50%	204.91%	-30.41%
Volatility (1Y) Calculated over the trailing 1-year period	231.39%	311.14%	-79.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,129.95%	171.23%	+958.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,129.95%	167.72%	+962.23%

Financials