TVE.TO vs. K.TO
TVE.TO (Tamarack Valley Energy Ltd.) and K.TO (Kinross Gold Corporation) are both stocks. TVE.TO operates in Oil & Gas E&P (Energy), while K.TO operates in Gold (Basic Materials). Over the past 10 years, TVE.TO returned 14.90%/yr vs 19.71%/yr for K.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
TVE.TO vs. K.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TVE.TO achieves a 63.75% return, which is significantly higher than K.TO's -7.26% return. Over the past 10 years, TVE.TO has underperformed K.TO with an annualized return of 14.90%, while K.TO has yielded a comparatively higher 19.71% annualized return.
TVE.TO
- 1D
- -1.74%
- 1M
- -2.40%
- YTD
- 63.75%
- 6M
- 68.02%
- 1Y
- 170.66%
- 3Y*
- 62.92%
- 5Y*
- 41.15%
- 10Y*
- 14.90%
K.TO
- 1D
- 3.14%
- 1M
- -8.25%
- YTD
- -7.26%
- 6M
- -6.78%
- 1Y
- 67.56%
- 3Y*
- 79.11%
- 5Y*
- 32.58%
- 10Y*
- 19.71%
TVE.TO vs. K.TO - 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% |
K.TO Kinross Gold Corporation | -7.26% | 191.80% | 69.08% | 49.14% | -22.75% | -20.24% | 52.79% | 40.00% | -18.82% | 29.36% |
Correlation
The correlation between TVE.TO and K.TO is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.08 |
The correlation between TVE.TO and K.TO shifts across timeframes, from -0.04 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TVE.TO:
CA$6.38B
K.TO:
CA$43.06B
TVE.TO:
-CA$0.19
K.TO:
$2.36
TVE.TO:
4.50
K.TO:
3.90
TVE.TO:
3.62
K.TO:
3.39
TVE.TO:
CA$1.44B
K.TO:
$7.97B
TVE.TO:
CA$560.03M
K.TO:
$4.26B
TVE.TO:
CA$596.84M
K.TO:
$5.03B
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Return for Risk
TVE.TO vs. K.TO — Risk / Return Rank
TVE.TO
K.TO
TVE.TO vs. K.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tamarack Valley Energy Ltd. (TVE.TO) and Kinross Gold Corporation (K.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.
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 | K.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.25 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 18.36 | 1.94 | +16.43 |
| Martin ratioReturn relative to average drawdown | 58.84 | 5.71 | +53.14 |
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Drawdowns
TVE.TO vs. K.TO - Drawdown Comparison
The maximum TVE.TO drawdown since its inception was -94.30%, roughly equal to the maximum K.TO drawdown of -92.37%. Use the drawdown chart below to compare losses from any high point for TVE.TO and K.TO.
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Drawdown Indicators
| TVE.TO | K.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -92.37% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -36.29% | +26.30% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | -36.29% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -53.72% | -53.71% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -91.68% | -68.36% | -23.32% |
Current DrawdownCurrent decline from peak | -6.60% | -30.94% | +24.34% |
Average DrawdownAverage peak-to-trough decline | -51.13% | -55.98% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 12.29% | -9.18% |
Volatility
TVE.TO vs. K.TO - Volatility Comparison
The current volatility for Tamarack Valley Energy Ltd. (TVE.TO) is 15.63%, while Kinross Gold Corporation (K.TO) has a volatility of 18.19%. This indicates that TVE.TO experiences smaller price fluctuations and is considered to be less risky than K.TO 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 | K.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.63% | 18.19% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 39.35% | -9.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 50.98% | -15.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.76% | 42.47% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.95% | 45.61% | +7.34% |
Dividends
TVE.TO vs. K.TO - Dividend Comparison
TVE.TO's dividend yield for the trailing twelve months is around 1.00%, more than K.TO's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
K.TO Kinross Gold Corporation | 0.56% | 0.45% | 1.23% | 2.04% | 2.68% | 1.63% | 0.85% |
TVE.TO Tamarack Valley Energy Ltd. | 1.00% | 1.93% | 3.15% | 4.90% | 2.63% | 0.00% | 0.00% |
Financials
TVE.TO vs. K.TO - Financials Comparison
This section allows you to compare key financial metrics between Tamarack Valley Energy Ltd. and Kinross Gold Corporation. 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. K.TO - 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%.
K.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a gross profit of 1.44B and revenue of 2.41B. Therefore, the gross margin over that period was 59.9%.
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%.
K.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported an operating income of 1.33B and revenue of 2.41B, resulting in an operating margin of 55.1%.
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%.
K.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a net income of 843.00M and revenue of 2.41B, resulting in a net margin of 35.0%.
Frequently Asked Questions
TVE.TO and K.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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