TPZ.TO vs. KO

Last updated Apr 2, 2026

Compare and contrast key facts about Topaz Energy Corp. (TPZ.TO) and The Coca-Cola Company (KO).

Performance

TPZ.TO vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Topaz Energy Corp. (TPZ.TO) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

TPZ.TO vs. KO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TPZ.TO Topaz Energy Corp.	10.90%	4.23%	51.69%	-2.50%	24.58%	38.38%	6.06%
KO The Coca-Cola Company	10.96%	10.30%	18.23%	-6.54%	18.49%	10.37%	6.88%

Different Trading Currencies

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

Fundamentals

Market Cap TPZ.TO : CA$4.67B KO : $328.13B
EPS TPZ.TO : CA$0.83 KO : $3.04
PE Ratio TPZ.TO : 36.25 KO : 25.04
PEG Ratio TPZ.TO : 0.45 KO : 3.02
PS Ratio TPZ.TO : 14.20 KO : 6.85
PB Ratio TPZ.TO : 3.07 KO : 10.20
Total Revenue (TTM) TPZ.TO : CA$328.60M KO : $47.94B
Gross Profit (TTM) TPZ.TO : CA$216.90M KO : $29.54B
EBITDA (TTM) TPZ.TO : CA$325.95M KO : $18.18B

Returns By Period

The year-to-date returns for both investments are quite close, with TPZ.TO having a 10.90% return and KO slightly higher at 10.96%.

TPZ.TO

• 1D: -2.30%
• 1M: -3.99%
• YTD: 10.90%
• 6M: 18.66%
• 1Y: 28.91%
• 3Y*: 22.99%
• 5Y*: 22.20%
• 10Y*: —

KO

• 1D: -0.10%
• 1M: -2.95%
• YTD: 10.96%
• 6M: 15.19%
• 1Y: 5.83%
• 3Y*: 11.31%
• 5Y*: 13.25%
• 10Y*: 9.03%

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

Return for Risk

TPZ.TO vs. KO — Risk / Return Rank

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

TPZ.TO

TPZ.TO Risk / Return Rank: 77
TPZ.TO Sharpe Ratio Rank: 79
TPZ.TO Sortino Ratio Rank: 72
TPZ.TO Omega Ratio Rank: 74
TPZ.TO Calmar Ratio Rank: 78
TPZ.TO Martin Ratio Rank: 82

KO

KO Risk / Return Rank: 56
KO Sharpe Ratio Rank: 59
KO Sortino Ratio Rank: 52
KO Omega Ratio Rank: 49
KO Calmar Ratio Rank: 62
KO Martin Ratio Rank: 59

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.

TPZ.TO vs. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Topaz Energy Corp. (TPZ.TO) and The Coca-Cola Company (KO). 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.

	TPZ.TO	KO	Difference
Sharpe ratio Return per unit of total volatility	1.26	0.36	+0.90
Sortino ratio Return per unit of downside risk	1.72	0.66	+1.06
Omega ratio Gain probability vs. loss probability	1.25	1.07	+0.17
Calmar ratio Return relative to maximum drawdown	2.21	0.53	+1.68
Martin ratio Return relative to average drawdown	6.96	1.01	+5.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPZ.TO vs. KO - Sharpe Ratio Comparison

The current TPZ.TO Sharpe Ratio is 1.26, which is higher than the KO Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of TPZ.TO and KO, 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

	TPZ.TO	KO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	0.36	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.87	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.72	+0.27

Correlation

The correlation between TPZ.TO and KO is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TPZ.TO vs. KO - Dividend Comparison

TPZ.TO's dividend yield for the trailing twelve months is around 4.50%, more than KO's 2.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPZ.TO Topaz Energy Corp.	4.50%	4.90%	4.67%	6.30%	5.21%	4.76%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%
KO The Coca-Cola Company	2.71%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%

Drawdowns

TPZ.TO vs. KO - Drawdown Comparison

The maximum TPZ.TO drawdown since its inception was -24.75%, smaller than the maximum KO drawdown of -30.98%. Use the drawdown chart below to compare losses from any high point for TPZ.TO and KO.

Drawdown Indicators

	TPZ.TO	KO	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-68.23%	+43.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.03%	-9.82%	-4.21%
Max Drawdown (5Y) Largest decline over 5 years	-24.75%	-17.27%	-7.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.99%	—
Current Drawdown Current decline from peak	-6.12%	-6.08%	-0.04%
Average Drawdown Average peak-to-trough decline	-7.33%	-16.13%	+8.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	4.84%	-0.39%

Volatility

TPZ.TO vs. KO - Volatility Comparison

Topaz Energy Corp. (TPZ.TO) has a higher volatility of 6.69% compared to The Coca-Cola Company (KO) at 4.37%. This indicates that TPZ.TO's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPZ.TO	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	4.37%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	12.16%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	23.17%	16.41%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.25%	15.32%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.81%	17.44%	+6.37%

Financials

TPZ.TO vs. KO - Profitability Comparison

The chart below illustrates the profitability comparison between Topaz Energy Corp. and The Coca-Cola Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TPZ.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Topaz Energy Corp. reported a gross profit of 83.37M and revenue of 84.40M. Therefore, the gross margin over that period was 98.8%.

KO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported a gross profit of 7.10B and revenue of 11.82B. Therefore, the gross margin over that period was 60.1%.

TPZ.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Topaz Energy Corp. reported an operating income of 75.25M and revenue of 84.40M, resulting in an operating margin of 89.2%.

KO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported an operating income of 3.11B and revenue of 11.82B, resulting in an operating margin of 26.3%.

TPZ.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Topaz Energy Corp. reported a net income of 76.94M and revenue of 84.40M, resulting in a net margin of 91.2%.

KO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported a net income of 2.27B and revenue of 11.82B, resulting in a net margin of 19.2%.