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TPZ.TO vs. VFV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TPZ.TO vs. VFV.TO

Last updated Jun 5, 2026

TPZ.TO (Topaz Energy Corp.) is a stock, while VFV.TO (Vanguard S&P 500 Index ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, TPZ.TO returned 24.09%/yr vs 16.92%/yr for VFV.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

TPZ.TO vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Topaz Energy Corp. (TPZ.TO) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TPZ.TO achieves a 21.03% return, which is significantly higher than VFV.TO's 12.72% return.

TPZ.TO

1D
0.79%
1M
3.71%
YTD
21.03%
6M
17.06%
1Y
35.04%
3Y*
22.38%
5Y*
24.09%
10Y*
—

VFV.TO

1D
0.37%
1M
6.75%
YTD
12.72%
6M
10.73%
1Y
30.31%
3Y*
23.71%
5Y*
16.92%
10Y*
16.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TPZ.TO vs. VFV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TPZ.TO
Topaz Energy Corp.		21.03%4.23%51.69%-2.50%24.58%38.38%6.06%
VFV.TO
Vanguard S&P 500 Index ETF		12.72%12.18%35.23%23.23%-12.58%27.51%6.02%

Correlation

The correlation between TPZ.TO and VFV.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2020

0.15

The correlation between TPZ.TO and VFV.TO shifts across timeframes, from -0.11 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Topaz Energy Corp.

Vanguard S&P 500 Index ETF

Often compared with TPZ.TO:
TPZ.TO vs. CGBDTPZ.TO vs. ALA.TOTPZ.TO vs. DFY.TOTPZ.TO vs. FTS.TOTPZ.TO vs. CP.TOTPZ.TO vs. TLTTPZ.TO vs. UNH
Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO

Return for Risk

TPZ.TO vs. VFV.TO — 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: 8484
Overall Rank
TPZ.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
TPZ.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
TPZ.TO Omega Ratio Rank: 8080
Omega Ratio Rank
TPZ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
TPZ.TO Martin Ratio Rank: 8585
Martin Ratio Rank
VFV.TO
VFV.TO Risk / Return Rank: 7878
Overall Rank
VFV.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7373
Martin Ratio Rank
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. VFV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Topaz Energy Corp. (TPZ.TO) and Vanguard S&P 500 Index ETF (VFV.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.

TPZ.TOVFV.TODifference
Sharpe ratioReturn per unit of total volatility
1.80
2.66

-0.86

Sortino ratioReturn per unit of downside risk
2.42
3.62

-1.20

Omega ratioGain probability vs. loss probability

1.31

1.49

-0.19

Calmar ratioReturn relative to maximum drawdown

4.08

3.53

+0.55

Martin ratioReturn relative to average drawdown

8.66

13.47

-4.81

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. VFV.TO - Sharpe Ratio Comparison

The current TPZ.TO Sharpe Ratio is 1.80, which is lower than the VFV.TO Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of TPZ.TO and VFV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TPZ.TOVFV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.80

2.66

-0.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

1.14

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.98

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

1.14

-0.11

Drawdowns

TPZ.TO vs. VFV.TO - Drawdown Comparison

The maximum TPZ.TO drawdown since its inception was -24.75%, smaller than the maximum VFV.TO drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for TPZ.TO and VFV.TO.

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Drawdown Indicators

TPZ.TOVFV.TODifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-27.43%

+2.68%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-8.62%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-24.75%

-19.05%

-5.70%

Max Drawdown (5Y)

Largest decline over 5 years

-24.75%

-22.19%

-2.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.43%

—

Current Drawdown

Current decline from peak

-1.70%

0.00%

-1.70%

Average Drawdown

Average peak-to-trough decline

-7.21%

-3.35%

-3.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.06%

2.26%

+1.80%

Volatility

TPZ.TO vs. VFV.TO - Volatility Comparison

Topaz Energy Corp. (TPZ.TO) has a higher volatility of 5.78% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 3.00%. This indicates that TPZ.TO's price experiences larger fluctuations and is considered to be riskier than VFV.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.TOVFV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.78%

3.00%

+2.78%

Volatility (6M)

Calculated over the trailing 6-month period

15.21%

8.56%

+6.65%

Volatility (1Y)

Calculated over the trailing 1-year period

19.55%

11.44%

+8.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.44%

14.91%

+9.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.75%

16.57%

+7.18%

Dividends

TPZ.TO vs. VFV.TO - Dividend Comparison

TPZ.TO's dividend yield for the trailing twelve months is around 4.12%, more than VFV.TO's 0.83% yield.

PositionTTM20252024202320222021202020192018201720162015
TPZ.TO
Topaz Energy Corp.		4.12%4.90%4.67%6.30%5.21%4.76%1.47%0.00%0.00%0.00%0.00%0.00%
VFV.TO
Vanguard S&P 500 Index ETF		0.83%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.68%1.50%1.66%1.63%

Frequently Asked Questions

TPZ.TO and VFV.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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