TVE.TO vs. ULTA
TVE.TO (Tamarack Valley Energy Ltd.) and ULTA (Ulta Beauty, Inc.) are both stocks. TVE.TO operates in Oil & Gas E&P (Energy), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, TVE.TO returned 14.90%/yr vs 7.92%/yr for ULTA. At a 0.13 correlation, their price movements are largely independent.
Performance
TVE.TO vs. ULTA - Performance Comparison
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Different Trading Currencies
TVE.TO is traded in CAD, while ULTA is traded in USD. To make them comparable, the ULTA 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 ULTA's -21.04% return. Over the past 10 years, TVE.TO has outperformed ULTA with an annualized return of 14.90%, while ULTA has yielded a comparatively lower 7.92% 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%
ULTA
- 1D
- -1.54%
- 1M
- -2.95%
- YTD
- -21.04%
- 6M
- -21.06%
- 1Y
- 3.53%
- 3Y*
- 3.33%
- 5Y*
- 9.83%
- 10Y*
- 7.92%
TVE.TO vs. ULTA - 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% |
ULTA Ulta Beauty, Inc. | -21.04% | 32.75% | -3.72% | 1.97% | 20.97% | 43.52% | 10.75% | -0.87% | 18.67% | -18.21% |
Correlation
The correlation between TVE.TO and ULTA 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.13 |
The correlation between TVE.TO and ULTA shifts across timeframes, from 0.01 (1 year) to 0.16 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TVE.TO:
CA$6.38B
ULTA:
$20.56B
TVE.TO:
-CA$0.19
ULTA:
$26.57
TVE.TO:
4.50
ULTA:
1.65
TVE.TO:
3.62
ULTA:
7.97
TVE.TO:
CA$1.44B
ULTA:
$12.71B
TVE.TO:
CA$560.03M
ULTA:
$5.00B
TVE.TO:
CA$596.84M
ULTA:
$1.81B
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Return for Risk
TVE.TO vs. ULTA — Risk / Return Rank
TVE.TO
ULTA
TVE.TO vs. ULTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tamarack Valley Energy Ltd. (TVE.TO) and Ulta Beauty, Inc. (ULTA). 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 | ULTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.06 | ||
| Sortino ratioReturn per unit of downside risk | +4.43 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.05 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 18.36 | 0.11 | +18.26 |
| Martin ratioReturn relative to average drawdown | 58.84 | 0.26 | +58.59 |
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Drawdowns
TVE.TO vs. ULTA - Drawdown Comparison
The maximum TVE.TO drawdown since its inception was -94.30%, which is greater than ULTA's maximum drawdown of -83.51%. Use the drawdown chart below to compare losses from any high point for TVE.TO and ULTA.
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Drawdown Indicators
| TVE.TO | ULTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -83.51% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -33.33% | +23.34% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | -42.47% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -53.72% | -42.47% | -11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -91.68% | -62.07% | -29.61% |
Current DrawdownCurrent decline from peak | -6.60% | -32.12% | +25.52% |
Average DrawdownAverage peak-to-trough decline | -51.13% | -19.94% | -31.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 13.78% | -10.67% |
Volatility
TVE.TO vs. ULTA - Volatility Comparison
Tamarack Valley Energy Ltd. (TVE.TO) has a higher volatility of 15.63% compared to Ulta Beauty, Inc. (ULTA) at 9.73%. This indicates that TVE.TO's price experiences larger fluctuations and is considered to be riskier than ULTA 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 | ULTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.63% | 9.73% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 25.51% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 34.20% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.76% | 34.77% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.95% | 38.90% | +14.05% |
Dividends
TVE.TO vs. ULTA - Dividend Comparison
TVE.TO's dividend yield for the trailing twelve months is around 1.00%, while ULTA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TVE.TO Tamarack Valley Energy Ltd. | 1.00% | 1.93% | 3.15% | 4.90% | 2.63% |
ULTA Ulta Beauty, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TVE.TO vs. ULTA - Financials Comparison
This section allows you to compare key financial metrics between Tamarack Valley Energy Ltd. and Ulta Beauty, 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. ULTA - 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%.
ULTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.
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%.
ULTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.
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%.
ULTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.
Frequently Asked Questions
TVE.TO and ULTA 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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