TVE.TO vs. HWX.TO
Compare and contrast key facts about Tamarack Valley Energy Ltd. (TVE.TO) and Headwater Exploration Inc. (HWX.TO).
Performance
TVE.TO vs. HWX.TO - Performance Comparison
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TVE.TO vs. HWX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVE.TO Tamarack Valley Energy Ltd. | 44.64% | 71.72% | 62.51% | -28.21% | 18.81% | 203.15% | -36.50% | -15.25% | -17.48% | -17.34% |
HWX.TO Headwater Exploration Inc. | 37.14% | 50.40% | 12.08% | 12.22% | 16.95% | 115.48% | 231.94% | -10.00% | 31.15% | 8.93% |
Fundamentals
TVE.TO:
CA$5.70B
HWX.TO:
CA$3.09B
TVE.TO:
-CA$0.07
HWX.TO:
CA$0.64
TVE.TO:
3.81
HWX.TO:
5.42
TVE.TO:
3.12
HWX.TO:
4.13
TVE.TO:
CA$1.51B
HWX.TO:
CA$568.81M
TVE.TO:
CA$546.85M
HWX.TO:
CA$281.14M
TVE.TO:
CA$561.41M
HWX.TO:
CA$331.91M
Returns By Period
In the year-to-date period, TVE.TO achieves a 44.64% return, which is significantly higher than HWX.TO's 37.14% return. Over the past 10 years, TVE.TO has underperformed HWX.TO with an annualized return of 13.31%, while HWX.TO has yielded a comparatively higher 40.27% annualized return.
TVE.TO
- 1D
- 0.09%
- 1M
- 13.27%
- YTD
- 44.64%
- 6M
- 91.81%
- 1Y
- 169.84%
- 3Y*
- 48.01%
- 5Y*
- 40.74%
- 10Y*
- 13.31%
HWX.TO
- 1D
- -1.08%
- 1M
- 2.31%
- YTD
- 37.14%
- 6M
- 73.11%
- 1Y
- 107.75%
- 3Y*
- 33.81%
- 5Y*
- 29.87%
- 10Y*
- 40.27%
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Return for Risk
TVE.TO vs. HWX.TO — Risk / Return Rank
TVE.TO
HWX.TO
TVE.TO vs. HWX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tamarack Valley Energy Ltd. (TVE.TO) and Headwater Exploration Inc. (HWX.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.
| TVE.TO | HWX.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.58 | 3.01 | +1.57 |
Sortino ratioReturn per unit of downside risk | 4.39 | 3.44 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.64 | 1.50 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 7.04 | 4.68 | +2.36 |
Martin ratioReturn relative to average drawdown | 28.43 | 19.44 | +8.99 |
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
| TVE.TO | HWX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.58 | 3.01 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.78 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.79 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.11 | -0.06 |
Correlation
The correlation between TVE.TO and HWX.TO is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TVE.TO vs. HWX.TO - Dividend Comparison
TVE.TO's dividend yield for the trailing twelve months is around 1.37%, less than HWX.TO's 2.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TVE.TO Tamarack Valley Energy Ltd. | 1.37% | 1.95% | 3.26% | 5.08% | 2.60% |
HWX.TO Headwater Exploration Inc. | 2.57% | 4.70% | 6.05% | 6.40% | 1.69% |
Drawdowns
TVE.TO vs. HWX.TO - Drawdown Comparison
The maximum TVE.TO drawdown since its inception was -97.42%, roughly equal to the maximum HWX.TO drawdown of -97.00%. Use the drawdown chart below to compare losses from any high point for TVE.TO and HWX.TO.
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Drawdown Indicators
| TVE.TO | HWX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.42% | -97.00% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -24.49% | -23.99% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -53.65% | -38.30% | -15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -91.68% | -40.00% | -51.68% |
Current DrawdownCurrent decline from peak | -20.54% | -2.58% | -17.96% |
Average DrawdownAverage peak-to-trough decline | -71.15% | -61.29% | -9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.07% | 5.78% | +0.29% |
Volatility
TVE.TO vs. HWX.TO - Volatility Comparison
Tamarack Valley Energy Ltd. (TVE.TO) and Headwater Exploration Inc. (HWX.TO) have volatilities of 8.38% and 8.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVE.TO | HWX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 8.52% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 23.27% | 22.61% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.33% | 36.10% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.40% | 38.93% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.89% | 51.48% | +1.41% |
Financials
TVE.TO vs. HWX.TO - Financials Comparison
This section allows you to compare key financial metrics between Tamarack Valley Energy Ltd. and Headwater Exploration 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. HWX.TO - Profitability Comparison
TVE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tamarack Valley Energy Ltd. reported a gross profit of 117.19M and revenue of 304.60M. Therefore, the gross margin over that period was 38.5%.
HWX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Headwater Exploration Inc. reported a gross profit of 55.89M and revenue of 128.20M. Therefore, the gross margin over that period was 43.6%.
TVE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tamarack Valley Energy Ltd. reported an operating income of 93.60M and revenue of 304.60M, resulting in an operating margin of 30.7%.
HWX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Headwater Exploration Inc. reported an operating income of 39.38M and revenue of 128.20M, resulting in an operating margin of 30.7%.
TVE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tamarack Valley Energy Ltd. reported a net income of 61.92M and revenue of 304.60M, resulting in a net margin of 20.3%.
HWX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Headwater Exploration Inc. reported a net income of 29.31M and revenue of 128.20M, resulting in a net margin of 22.9%.