TVE.TO vs. NEM
TVE.TO (Tamarack Valley Energy Ltd.) and NEM (Newmont Corporation) are both stocks. TVE.TO operates in Oil & Gas E&P (Energy), while NEM operates in Gold (Basic Materials). Over the past 10 years, TVE.TO returned 14.90%/yr vs 14.79%/yr for NEM. At a 0.09 correlation, their price movements are largely independent.
Performance
TVE.TO vs. NEM - Performance Comparison
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Different Trading Currencies
TVE.TO is traded in CAD, while NEM is traded in USD. To make them comparable, the NEM 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 NEM's 2.97% return. Both investments have delivered pretty close results over the past 10 years, with TVE.TO having a 14.90% annualized return and NEM not far behind at 14.79%.
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%
NEM
- 1D
- 3.00%
- 1M
- -13.76%
- YTD
- 2.97%
- 6M
- 4.15%
- 1Y
- 85.40%
- 3Y*
- 38.22%
- 5Y*
- 13.77%
- 10Y*
- 14.79%
TVE.TO vs. NEM - 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% |
NEM Newmont Corporation | 2.97% | 160.36% | -0.03% | -10.93% | -15.75% | 7.35% | 36.96% | 25.14% | 1.74% | 3.40% |
Correlation
The correlation between TVE.TO and NEM is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.09 |
The correlation between TVE.TO and NEM shifts across timeframes, from 0.01 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TVE.TO:
-CA$0.19
NEM:
$6.34
TVE.TO:
4.50
NEM:
4.83
TVE.TO:
CA$1.44B
NEM:
$17.23B
TVE.TO:
CA$560.03M
NEM:
$8.97B
TVE.TO:
CA$596.84M
NEM:
$13.78B
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Return for Risk
TVE.TO vs. NEM — Risk / Return Rank
TVE.TO
NEM
TVE.TO vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tamarack Valley Energy Ltd. (TVE.TO) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.30 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 18.36 | 3.12 | +15.24 |
| Martin ratioReturn relative to average drawdown | 58.84 | 8.32 | +50.52 |
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Drawdowns
TVE.TO vs. NEM - Drawdown Comparison
The maximum TVE.TO drawdown since its inception was -94.30%, which is greater than NEM's maximum drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for TVE.TO and NEM.
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Drawdown Indicators
| TVE.TO | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -70.02% | -24.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -27.50% | +17.51% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | -33.96% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -53.72% | -59.76% | +6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -91.68% | -59.76% | -31.92% |
Current DrawdownCurrent decline from peak | -6.60% | -21.49% | +14.89% |
Average DrawdownAverage peak-to-trough decline | -51.13% | -29.16% | -21.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 10.30% | -7.19% |
Volatility
TVE.TO vs. NEM - Volatility Comparison
Tamarack Valley Energy Ltd. (TVE.TO) and Newmont Corporation (NEM) have volatilities of 15.63% and 15.88%, 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 | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.63% | 15.88% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 37.55% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 47.44% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.76% | 38.17% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.95% | 36.11% | +16.84% |
Dividends
TVE.TO vs. NEM - Dividend Comparison
TVE.TO's dividend yield for the trailing twelve months is around 1.00%, less than NEM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
TVE.TO Tamarack Valley Energy Ltd. | 1.00% | 1.93% | 3.15% | 4.90% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TVE.TO vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Tamarack Valley Energy Ltd. and Newmont 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
Frequently Asked Questions
TVE.TO and NEM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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