TVE.TO vs. HCA
TVE.TO (Tamarack Valley Energy Ltd.) and HCA (HCA Healthcare, Inc.) are both stocks. TVE.TO operates in Oil & Gas E&P (Energy), while HCA operates in Medical Care Facilities (Healthcare). Over the past 10 years, TVE.TO returned 14.90%/yr vs 19.30%/yr for HCA. At a 0.15 correlation, their price movements are largely independent.
Performance
TVE.TO vs. HCA - Performance Comparison
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Different Trading Currencies
TVE.TO is traded in CAD, while HCA is traded in USD. To make them comparable, the HCA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TVE.TO achieves a 63.75% return, which is significantly higher than HCA's -15.17% return. Over the past 10 years, TVE.TO has underperformed HCA with an annualized return of 14.90%, while HCA has yielded a comparatively higher 19.30% annualized return.
TVE.TO
- 1D
- -1.74%
- 1M
- 4.33%
- YTD
- 63.75%
- 6M
- 68.02%
- 1Y
- 182.18%
- 3Y*
- 62.92%
- 5Y*
- 41.15%
- 10Y*
- 14.90%
HCA
- 1D
- 2.59%
- 1M
- -7.52%
- YTD
- -15.17%
- 6M
- -18.66%
- 1Y
- 7.34%
- 3Y*
- 14.02%
- 5Y*
- 17.15%
- 10Y*
- 19.30%
TVE.TO vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVE.TO Tamarack Valley Energy Ltd. | 63.75% | 71.65% | 62.29% | -28.32% | 18.84% | 203.15% | -36.50% | -15.25% | -17.48% | -17.34% |
HCA HCA Healthcare, Inc. | -15.17% | 49.55% | 21.22% | 11.13% | 0.34% | 57.50% | 9.41% | 15.29% | 55.43% | 10.64% |
Correlation
The correlation between TVE.TO and HCA is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011 | 0.15 |
The correlation between TVE.TO and HCA shifts across timeframes, from -0.13 (1 year) to 0.16 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TVE.TO:
-CA$0.19
HCA:
$28.46
TVE.TO:
4.50
HCA:
1.22
TVE.TO:
CA$1.44B
HCA:
$75.60B
TVE.TO:
CA$560.03M
HCA:
$31.37B
TVE.TO:
CA$596.84M
HCA:
$15.60B
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Return for Risk
TVE.TO vs. HCA — Risk / Return Rank
TVE.TO
HCA
TVE.TO vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tamarack Valley Energy Ltd. (TVE.TO) and HCA Healthcare, Inc. (HCA). 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.
| TVE.TO | HCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.90 | ||
| Sortino ratioReturn per unit of downside risk | +4.26 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.07 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 18.36 | 0.23 | +18.13 |
| Martin ratioReturn relative to average drawdown | 58.84 | 0.66 | +58.18 |
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Drawdowns
TVE.TO vs. HCA - Drawdown Comparison
The maximum TVE.TO drawdown since its inception was -94.30%, which is greater than HCA's maximum drawdown of -51.48%. Use the drawdown chart below to compare losses from any high point for TVE.TO and HCA.
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Drawdown Indicators
| TVE.TO | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -51.48% | -42.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -32.37% | +22.38% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | -32.37% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -53.72% | -37.42% | -16.30% |
Max Drawdown (10Y)Largest decline over 10 years | -91.68% | -51.48% | -40.20% |
Current DrawdownCurrent decline from peak | -6.60% | -27.15% | +20.55% |
Average DrawdownAverage peak-to-trough decline | -51.13% | -10.32% | -40.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 11.13% | -8.02% |
Volatility
TVE.TO vs. HCA - Volatility Comparison
Tamarack Valley Energy Ltd. (TVE.TO) has a higher volatility of 15.63% compared to HCA Healthcare, Inc. (HCA) at 9.14%. This indicates that TVE.TO's price experiences larger fluctuations and is considered to be riskier than HCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVE.TO | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.63% | 9.14% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 21.78% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 27.88% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.76% | 30.39% | +13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.95% | 33.11% | +19.84% |
Dividends
TVE.TO vs. HCA - Dividend Comparison
TVE.TO's dividend yield for the trailing twelve months is around 1.00%, more than HCA's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.76% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% |
TVE.TO Tamarack Valley Energy Ltd. | 1.00% | 1.93% | 3.15% | 4.90% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TVE.TO vs. HCA - Financials Comparison
This section allows you to compare key financial metrics between Tamarack Valley Energy Ltd. and HCA Healthcare, 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
TVE.TO vs. HCA - Profitability Comparison
TVE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a gross profit of 182.80M and revenue of 375.55M. Therefore, the gross margin over that period was 48.7%.
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
TVE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported an operating income of 163.31M and revenue of 375.55M, resulting in an operating margin of 43.5%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
TVE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a net income of 5.65M and revenue of 375.55M, resulting in a net margin of 1.5%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
Frequently Asked Questions
TVE.TO and HCA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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