TPZ.TO vs. SU.TO
TPZ.TO (Topaz Energy Corp.) and SU.TO (Suncor Energy Inc.) are both stocks. Both are in the Energy sector — TPZ.TO in Oil & Gas Midstream, SU.TO in Oil & Gas Integrated. Over the past 5 years, TPZ.TO returned 20.26%/yr vs 28.51%/yr for SU.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
TPZ.TO vs. SU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TPZ.TO achieves a 19.41% return, which is significantly lower than SU.TO's 43.22% return.
TPZ.TO
- 1D
- -0.03%
- 1M
- -0.09%
- YTD
- 19.41%
- 6M
- 17.41%
- 1Y
- 27.44%
- 3Y*
- 22.14%
- 5Y*
- 20.26%
- 10Y*
- —
SU.TO
- 1D
- -0.38%
- 1M
- -5.57%
- YTD
- 43.22%
- 6M
- 43.01%
- 1Y
- 59.90%
- 3Y*
- 34.47%
- 5Y*
- 28.51%
- 10Y*
- 14.01%
TPZ.TO vs. SU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TPZ.TO Topaz Energy Corp. | 19.41% | 4.23% | 51.69% | -2.50% | 24.58% | 38.38% | 6.14% |
SU.TO Suncor Energy Inc. | 43.22% | 23.85% | 26.14% | 3.73% | 41.63% | 53.98% | 38.62% |
Correlation
The correlation between TPZ.TO and SU.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2020 | 0.58 |
The correlation between TPZ.TO and SU.TO has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
Fundamentals
TPZ.TO:
CA$5.05B
SU.TO:
CA$102.27B
TPZ.TO:
CA$0.97
SU.TO:
CA$5.24
TPZ.TO:
33.43
SU.TO:
16.40
TPZ.TO:
0.41
SU.TO:
0.60
TPZ.TO:
15.31
SU.TO:
2.00
TPZ.TO:
3.36
SU.TO:
2.23
TPZ.TO:
CA$328.70M
SU.TO:
CA$52.01B
TPZ.TO:
CA$183.27M
SU.TO:
CA$21.25B
TPZ.TO:
CA$335.20M
SU.TO:
CA$16.74B
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Return for Risk
TPZ.TO vs. SU.TO — Risk / Return Rank
TPZ.TO
SU.TO
TPZ.TO vs. SU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Topaz Energy Corp. (TPZ.TO) and Suncor Energy Inc. (SU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TPZ.TO | SU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 6.54 | -3.04 |
| Martin ratioReturn relative to average drawdown | 7.38 | 16.22 | -8.84 |
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Drawdowns
TPZ.TO vs. SU.TO - Drawdown Comparison
The maximum TPZ.TO drawdown since its inception was -24.75%, smaller than the maximum SU.TO drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for TPZ.TO and SU.TO.
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Drawdown Indicators
| TPZ.TO | SU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -73.94% | +49.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -10.36% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -21.73% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.75% | -30.62% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.77% | — |
Current DrawdownCurrent decline from peak | -3.01% | -9.63% | +6.62% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -32.46% | +25.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 4.17% | -0.08% |
Volatility
TPZ.TO vs. SU.TO - Volatility Comparison
The current volatility for Topaz Energy Corp. (TPZ.TO) is 5.75%, while Suncor Energy Inc. (SU.TO) has a volatility of 9.45%. This indicates that TPZ.TO experiences smaller price fluctuations and is considered to be less risky than SU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPZ.TO | SU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 9.45% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 20.09% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 24.48% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.18% | 30.70% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.72% | 34.87% | -11.15% |
Dividends
TPZ.TO vs. SU.TO - Dividend Comparison
TPZ.TO's dividend yield for the trailing twelve months is around 4.18%, more than SU.TO's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SU.TO Suncor Energy Inc. | 2.76% | 3.79% | 4.30% | 4.96% | 4.38% | 3.32% | 5.13% | 3.95% | 3.78% | 2.77% | 2.64% | 3.19% |
TPZ.TO Topaz Energy Corp. | 3.14% | 4.90% | 4.67% | 6.30% | 5.21% | 4.76% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TPZ.TO vs. SU.TO - Financials Comparison
This section allows you to compare key financial metrics between Topaz Energy Corp. and Suncor Energy Inc.. 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
TPZ.TO vs. SU.TO - Profitability Comparison
TPZ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Topaz Energy Corp. reported a gross profit of 56.77M and revenue of 92.25M. Therefore, the gross margin over that period was 61.5%.
SU.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported a gross profit of 7.53B and revenue of 15.42B. Therefore, the gross margin over that period was 48.8%.
TPZ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Topaz Energy Corp. reported an operating income of 53.38M and revenue of 92.25M, resulting in an operating margin of 57.9%.
SU.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported an operating income of 2.90B and revenue of 15.42B, resulting in an operating margin of 18.8%.
TPZ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Topaz Energy Corp. reported a net income of 34.04M and revenue of 92.25M, resulting in a net margin of 36.9%.
SU.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported a net income of 2.10B and revenue of 15.42B, resulting in a net margin of 13.6%.
Frequently Asked Questions
TPZ.TO and SU.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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