TSAT vs. SATL

Last updated Jul 17, 2026

TSAT (Telesat Corporation) and SATL (Satellogic V Inc) are both stocks. TSAT operates in Communication Equipment (Technology), while SATL operates in Aerospace & Defense (Industrials). Over the past 3 years, TSAT returned 56.10%/yr vs 22.97%/yr for SATL. At a 0.22 correlation, their price movements are largely independent.

Performance

TSAT vs. SATL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telesat Corporation (TSAT) and Satellogic V Inc (SATL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSAT achieves a 28.76% return, which is significantly lower than SATL's 90.91% return.

TSAT

• 1D: -1.19%
• 1M: -16.36%
• 6M: 10.96%
• YTD: 28.76%
• 1Y: 40.55%
• 3Y*: 56.10%
• 5Y*: —
• 10Y*: —

SATL

• 1D: -9.85%
• 1M: -41.86%
• 6M: 2.29%
• YTD: 90.91%
• 1Y: -4.03%
• 3Y*: 22.97%
• 5Y*: -18.39%
• 10Y*: —

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

TSAT vs. SATL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TSAT Telesat Corporation	28.76%	77.01%	57.62%	39.07%	-73.84%	-40.03%
SATL Satellogic V Inc	90.91%	-34.39%	62.86%	-42.62%	-68.56%	-2.81%

Correlation

The correlation between TSAT and SATL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.22

Over the past year, TSAT and SATL have become more correlated (0.45) than their long-term average of 0.22, meaning their price movements have been converging.

Fundamentals

Market Cap TSAT : $554.18M SATL : $428.97M
EPS TSAT : -CA$12.46 SATL : -$0.67
PS Ratio TSAT : 2.01 SATL : 23.66
Total Revenue (TTM) TSAT : CA$388.42M SATL : $20.43M
Gross Profit (TTM) TSAT : CA$248.83M SATL : $7.65M
EBITDA (TTM) TSAT : CA$171.33M SATL : -$22.81M

Return for Risk

TSAT vs. SATL — Risk / Return Rank

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

TSAT

TSAT Risk / Return Rank: 64
TSAT Sharpe Ratio Rank: 62
TSAT Sortino Ratio Rank: 64
TSAT Omega Ratio Rank: 62
TSAT Calmar Ratio Rank: 68
TSAT Martin Ratio Rank: 66

SATL

SATL Risk / Return Rank: 48
SATL Sharpe Ratio Rank: 43
SATL Sortino Ratio Rank: 56
SATL Omega Ratio Rank: 54
SATL Calmar Ratio Rank: 42
SATL Martin Ratio Rank: 42

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.

TSAT vs. SATL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telesat Corporation (TSAT) and Satellogic V Inc (SATL). 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.

	TSAT	SATL	Difference
Sharpe ratio: Return per unit of total volatility	0.48	-0.03	+0.52
Sortino ratio: Return per unit of downside risk	1.25	0.92	+0.33
Omega ratio: Gain probability vs. loss probability	1.15	1.11	+0.05
Calmar ratio: Return relative to maximum drawdown	1.13	-0.06	+1.19
Martin ratio: Return relative to average drawdown	2.30	-0.11	+2.41

TSAT vs. SATL - Sharpe Ratio Comparison

The current TSAT Sharpe Ratio is 0.48, which is higher than the SATL Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of TSAT and SATL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSAT vs. SATL - Drawdown Comparison

The maximum TSAT drawdown since its inception was -87.09%, smaller than the maximum SATL drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for TSAT and SATL.

Drawdown Indicators

	TSAT	SATL	Difference
Max Drawdown Largest peak-to-trough decline	-87.09%	-94.40%	+7.31%
Max Drawdown (1Y) Largest decline over 1 year	-35.96%	-69.32%	+33.36%
Max Drawdown (3Y) Largest decline over 3 years	-67.51%	-73.21%	+5.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.40%	—
Current Drawdown Current decline from peak	-35.96%	-71.05%	+35.09%
Average Drawdown Average peak-to-trough decline	-63.84%	-62.08%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.69%	35.35%	-17.66%

Volatility

TSAT vs. SATL - Volatility Comparison

The current volatility for Telesat Corporation (TSAT) is 23.19%, while Satellogic V Inc (SATL) has a volatility of 29.41%. This indicates that TSAT experiences smaller price fluctuations and is considered to be less risky than SATL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSAT	SATL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.19%	29.41%	-6.22%
Volatility (6M) Calculated over the trailing 6-month period	67.01%	96.32%	-29.31%
Volatility (1Y) Calculated over the trailing 1-year period	84.35%	123.79%	-39.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.57%	107.69%	-29.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.57%	104.52%	-25.95%

Dividends

TSAT vs. SATL - Dividend Comparison

Neither TSAT nor SATL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TSAT and SATL in my portfolio?

TSAT and SATL have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSAT or SATL?

SATL has higher volatility (29.41%) compared to TSAT (23.19%). In terms of maximum drawdown, TSAT dropped -87.09% vs SATL's -94.40%.

Which has better risk-adjusted returns?

TSAT currently has the higher Sharpe Ratio (0.48 vs -0.03), 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.