TVE.TO vs. TD.TO
TVE.TO (Tamarack Valley Energy Ltd.) and TD.TO (The Toronto-Dominion Bank) are both stocks. TVE.TO operates in Oil & Gas E&P (Energy), while TD.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, TVE.TO returned 14.90%/yr vs 16.09%/yr for TD.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
TVE.TO vs. TD.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 TD.TO's 28.85% return. Over the past 10 years, TVE.TO has underperformed TD.TO with an annualized return of 14.90%, while TD.TO has yielded a comparatively higher 16.09% 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%
TD.TO
- 1D
- 1.10%
- 1M
- 12.21%
- YTD
- 28.85%
- 6M
- 32.50%
- 1Y
- 76.53%
- 3Y*
- 33.03%
- 5Y*
- 18.47%
- 10Y*
- 16.09%
TVE.TO vs. TD.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% |
TD.TO The Toronto-Dominion Bank | 28.85% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | 11.66% | -4.57% | 15.15% |
Correlation
The correlation between TVE.TO and TD.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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.19 |
The correlation between TVE.TO and TD.TO shifts across timeframes, from -0.04 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TVE.TO:
CA$6.38B
TD.TO:
CA$273.16B
TVE.TO:
-CA$0.19
TD.TO:
CA$8.81
TVE.TO:
4.50
TD.TO:
2.47
TVE.TO:
3.62
TD.TO:
2.42
TVE.TO:
CA$1.44B
TD.TO:
CA$112.59B
TVE.TO:
CA$560.03M
TD.TO:
CA$59.48B
TVE.TO:
CA$596.84M
TD.TO:
CA$19.98B
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Return for Risk
TVE.TO vs. TD.TO — Risk / Return Rank
TVE.TO
TD.TO
TVE.TO vs. TD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tamarack Valley Energy Ltd. (TVE.TO) and The Toronto-Dominion Bank (TD.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 | TD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.89 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 18.36 | 11.51 | +6.85 |
| Martin ratioReturn relative to average drawdown | 58.84 | 48.39 | +10.45 |
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Drawdowns
TVE.TO vs. TD.TO - Drawdown Comparison
The maximum TVE.TO drawdown since its inception was -94.30%, which is greater than TD.TO's maximum drawdown of -52.42%. Use the drawdown chart below to compare losses from any high point for TVE.TO and TD.TO.
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Drawdown Indicators
| TVE.TO | TD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -52.42% | -41.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -6.68% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | -15.04% | -19.85% |
Max Drawdown (5Y)Largest decline over 5 years | -53.72% | -26.06% | -27.66% |
Max Drawdown (10Y)Largest decline over 10 years | -91.68% | -35.80% | -55.88% |
Current DrawdownCurrent decline from peak | -6.60% | 0.00% | -6.60% |
Average DrawdownAverage peak-to-trough decline | -51.13% | -7.29% | -43.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 1.59% | +1.52% |
Volatility
TVE.TO vs. TD.TO - Volatility Comparison
Tamarack Valley Energy Ltd. (TVE.TO) has a higher volatility of 15.63% compared to The Toronto-Dominion Bank (TD.TO) at 5.14%. This indicates that TVE.TO's price experiences larger fluctuations and is considered to be riskier than TD.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 | TD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.63% | 5.14% | +10.49% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 11.73% | +17.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 15.16% | +20.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.76% | 17.17% | +26.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.95% | 19.29% | +33.66% |
Dividends
TVE.TO vs. TD.TO - Dividend Comparison
TVE.TO's dividend yield for the trailing twelve months is around 1.00%, less than TD.TO's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 2.60% | 3.25% | 5.33% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% |
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. TD.TO - Financials Comparison
This section allows you to compare key financial metrics between Tamarack Valley Energy Ltd. and The Toronto-Dominion Bank. 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. TD.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%.
TD.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported a gross profit of 14.91B and revenue of 27.03B. Therefore, the gross margin over that period was 55.2%.
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%.
TD.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported an operating income of 5.03B and revenue of 27.03B, resulting in an operating margin of 18.6%.
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%.
TD.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported a net income of 4.25B and revenue of 27.03B, resulting in a net margin of 15.7%.
Frequently Asked Questions
TVE.TO and TD.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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