TRX vs. OBE.TO
TRX (Tanzanian Gold Corporation) and OBE.TO (Obsidian Energy Ltd.) are both stocks. TRX operates in Gold (Basic Materials), while OBE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, TRX returned 9.05%/yr vs 9.11%/yr for OBE.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
TRX vs. OBE.TO - Performance Comparison
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Different Trading Currencies
TRX is traded in USD, while OBE.TO is traded in CAD. To make them comparable, the OBE.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRX achieves a 16.19% return, which is significantly lower than OBE.TO's 98.35% return. Both investments have delivered pretty close results over the past 10 years, with TRX having a 9.05% annualized return and OBE.TO not far ahead at 9.11%.
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%
OBE.TO
- 1D
- -1.10%
- 1M
- -15.66%
- YTD
- 98.35%
- 6M
- 96.03%
- 1Y
- 133.48%
- 3Y*
- 25.28%
- 5Y*
- 40.14%
- 10Y*
- 9.11%
TRX vs. OBE.TO - 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% |
OBE.TO Obsidian Energy Ltd. | 98.35% | 5.54% | -14.35% | 2.39% | 60.83% | 503.28% | -4.58% | -72.65% | -69.85% | -29.63% |
Correlation
The correlation between TRX and OBE.TO is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 6, 2009 | 0.12 |
The correlation between TRX and OBE.TO shifts across timeframes, from 0.02 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TRX:
$331.00M
OBE.TO:
CA$1.14B
TRX:
-$0.08
OBE.TO:
CA$0.02
TRX:
2.67
OBE.TO:
2.23
TRX:
3.89
OBE.TO:
0.84
TRX:
$118.87M
OBE.TO:
CA$524.30M
TRX:
$64.16M
OBE.TO:
CA$218.00M
TRX:
$21.72M
OBE.TO:
CA$266.20M
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Return for Risk
TRX vs. OBE.TO — Risk / Return Rank
TRX
OBE.TO
TRX vs. OBE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tanzanian Gold Corporation (TRX) and Obsidian Energy Ltd. (OBE.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.
| TRX | OBE.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 2.87 | -0.41 |
Sortino ratioReturn per unit of downside risk | 3.05 | 3.21 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.31 | 5.55 | -1.25 |
Martin ratioReturn relative to average drawdown | 9.71 | 14.94 | -5.22 |
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 | OBE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.87 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.69 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.13 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.12 | +0.14 |
Drawdowns
TRX vs. OBE.TO - Drawdown Comparison
The maximum TRX drawdown since its inception was -97.69%, roughly equal to the maximum OBE.TO drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for TRX and OBE.TO.
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Drawdown Indicators
| TRX | OBE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.69% | -99.89% | +2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -24.18% | -26.74% |
Max Drawdown (3Y)Largest decline over 3 years | -50.92% | -56.54% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -54.89% | -66.84% | +11.95% |
Max Drawdown (10Y)Largest decline over 10 years | -82.73% | -98.86% | +16.13% |
Current DrawdownCurrent decline from peak | -87.94% | -91.63% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -72.13% | -75.68% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.54% | 8.97% | +13.57% |
Volatility
TRX vs. OBE.TO - Volatility Comparison
Tanzanian Gold Corporation (TRX) has a higher volatility of 17.00% compared to Obsidian Energy Ltd. (OBE.TO) at 15.90%. This indicates that TRX's price experiences larger fluctuations and is considered to be riskier than OBE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRX | OBE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.00% | 15.90% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 71.41% | 36.64% | +34.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.07% | 46.94% | +42.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.12% | 58.75% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.79% | 70.57% | +2.22% |
Dividends
TRX vs. OBE.TO - Dividend Comparison
Neither TRX nor OBE.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBE.TO Obsidian Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.56% |
TRX Tanzanian Gold Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TRX vs. OBE.TO - Financials Comparison
This section allows you to compare key financial metrics between Tanzanian Gold Corporation and Obsidian Energy Ltd.. 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
TRX vs. OBE.TO - Profitability Comparison
TRX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tanzanian Gold Corporation reported a gross profit of 21.05M and revenue of 34.07M. Therefore, the gross margin over that period was 61.8%.
OBE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Obsidian Energy Ltd. reported a gross profit of 35.40M and revenue of 138.50M. Therefore, the gross margin over that period was 25.6%.
TRX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tanzanian Gold Corporation reported an operating income of 16.01M and revenue of 34.07M, resulting in an operating margin of 47.0%.
OBE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Obsidian Energy Ltd. reported an operating income of 29.70M and revenue of 138.50M, resulting in an operating margin of 21.4%.
TRX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tanzanian Gold Corporation reported a net income of -20.38M and revenue of 34.07M, resulting in a net margin of -59.8%.
OBE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Obsidian Energy Ltd. reported a net income of -18.70M and revenue of 138.50M, resulting in a net margin of -13.5%.
Frequently Asked Questions
TRX and OBE.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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