TRX vs. GTE
TRX (Tanzanian Gold Corporation) and GTE (Gran Tierra Energy Inc.) are both stocks. TRX operates in Gold (Basic Materials), while GTE operates in Oil & Gas E&P (Energy). Over the past 10 years, TRX returned 9.05%/yr vs -12.00%/yr for GTE. At a 0.15 correlation, their price movements are largely independent.
Performance
TRX vs. GTE - Performance Comparison
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Returns By Period
In the year-to-date period, TRX achieves a 16.19% return, which is significantly lower than GTE's 92.45% return. Over the past 10 years, TRX has outperformed GTE with an annualized return of 9.05%, while GTE has yielded a comparatively lower -12.00% annualized return.
TRX
- 1D
- -5.31%
- 1M
- -3.60%
- YTD
- 16.19%
- 6M
- 47.53%
- 1Y
- 217.88%
- 3Y*
- 30.83%
- 5Y*
- 16.18%
- 10Y*
- 9.05%
GTE
- 1D
- -1.69%
- 1M
- -14.20%
- YTD
- 92.45%
- 6M
- 75.11%
- 1Y
- 64.52%
- 3Y*
- 13.78%
- 5Y*
- 2.77%
- 10Y*
- -12.00%
TRX vs. GTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRX Tanzanian Gold Corporation | 16.19% | 199.97% | -19.24% | 12.37% | -14.54% | -40.00% | 7.22% | 75.80% | 25.90% | -44.39% |
GTE Gran Tierra Energy Inc. | 92.45% | -41.36% | 28.19% | -43.03% | 30.07% | 109.21% | -71.80% | -40.55% | -19.63% | -10.60% |
Correlation
The correlation between TRX and GTE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2005 | 0.15 |
The correlation between TRX and GTE shifts across timeframes, from 0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TRX:
$331.00M
GTE:
$288.05M
TRX:
-$0.08
GTE:
-$4.92
TRX:
2.67
GTE:
0.68
TRX:
3.89
GTE:
2.64K
TRX:
$118.87M
GTE:
$426.18M
TRX:
$64.16M
GTE:
$28.46M
TRX:
$21.72M
GTE:
$192.58M
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Return for Risk
TRX vs. GTE — Risk / Return Rank
TRX
GTE
TRX vs. GTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tanzanian Gold Corporation (TRX) and Gran Tierra Energy Inc. (GTE). 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.
| TRX | GTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.20 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 1.45 | +2.86 |
| Martin ratioReturn relative to average drawdown | 9.71 | 2.62 | +7.10 |
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
| TRX | GTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 0.96 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.04 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | -0.17 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.08 | +0.10 |
Drawdowns
TRX vs. GTE - Drawdown Comparison
The maximum TRX drawdown since its inception was -97.69%, roughly equal to the maximum GTE drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for TRX and GTE.
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Drawdown Indicators
| TRX | GTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.69% | -98.11% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -44.68% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -50.92% | -66.86% | +15.94% |
Max Drawdown (5Y)Largest decline over 5 years | -54.89% | -83.67% | +28.78% |
Max Drawdown (10Y)Largest decline over 10 years | -82.73% | -95.40% | +12.67% |
Current DrawdownCurrent decline from peak | -87.94% | -91.45% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -72.13% | -65.65% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.54% | 24.73% | -2.19% |
Volatility
TRX vs. GTE - Volatility Comparison
Tanzanian Gold Corporation (TRX) has a higher volatility of 17.00% compared to Gran Tierra Energy Inc. (GTE) at 16.12%. This indicates that TRX's price experiences larger fluctuations and is considered to be riskier than GTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRX | GTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.00% | 16.12% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 71.41% | 52.25% | +19.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.07% | 67.44% | +21.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.12% | 63.91% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.79% | 69.62% | +3.17% |
Dividends
TRX vs. GTE - Dividend Comparison
Neither TRX nor GTE has paid dividends to shareholders.
Financials
TRX vs. GTE - Financials Comparison
This section allows you to compare key financial metrics between Tanzanian Gold Corporation and Gran Tierra 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
Frequently Asked Questions
TRX and GTE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRX has higher volatility (17.00%) compared to GTE (16.12%). In terms of maximum drawdown, TRX dropped -97.69% vs GTE's -98.11%.
TRX currently has the higher Sharpe Ratio (2.46 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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