TVK.TO vs. SPOT
TVK.TO (TerraVest Industries Inc.) and SPOT (Spotify Technology S.A.) are both stocks. TVK.TO operates in Oil & Gas Equipment & Services (Energy), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, TVK.TO returned 47.55%/yr vs 18.00%/yr for SPOT. At a 0.08 correlation, their price movements are largely independent.
Performance
TVK.TO vs. SPOT - Performance Comparison
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Different Trading Currencies
TVK.TO is traded in CAD, while SPOT is traded in USD. To make them comparable, the SPOT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TVK.TO achieves a -27.97% return, which is significantly lower than SPOT's -15.23% return.
TVK.TO
- 1D
- -0.67%
- 1M
- -5.28%
- YTD
- -27.97%
- 6M
- -22.66%
- 1Y
- -29.19%
- 3Y*
- 64.84%
- 5Y*
- 47.55%
- 10Y*
- 37.31%
SPOT
- 1D
- -0.54%
- 1M
- 14.22%
- YTD
- -15.23%
- 6M
- -18.13%
- 1Y
- -29.81%
- 3Y*
- 49.32%
- 5Y*
- 18.00%
- 10Y*
- —
TVK.TO vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TVK.TO TerraVest Industries Inc. | -27.97% | 47.85% | 154.61% | 62.88% | 2.14% | 75.27% | 26.32% | 31.99% | 4.10% |
SPOT Spotify Technology S.A. | -15.23% | 23.88% | 158.24% | 132.35% | -64.13% | -25.66% | 105.41% | 26.33% | -27.87% |
Correlation
The correlation between TVK.TO and SPOT is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.08 |
Fundamentals
TVK.TO:
CA$2.62B
SPOT:
$100.87B
TVK.TO:
CA$3.35
SPOT:
€12.94
TVK.TO:
35.33
SPOT:
32.21
TVK.TO:
1.60
SPOT:
0.36
TVK.TO:
1.54
SPOT:
4.98
TVK.TO:
3.46
SPOT:
10.87
TVK.TO:
CA$1.68B
SPOT:
€17.60B
TVK.TO:
CA$381.90M
SPOT:
€5.68B
TVK.TO:
CA$331.92M
SPOT:
€2.75B
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Return for Risk
TVK.TO vs. SPOT — Risk / Return Rank
TVK.TO
SPOT
TVK.TO vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TerraVest Industries Inc. (TVK.TO) and Spotify Technology S.A. (SPOT). 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.
| TVK.TO | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.90 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.64 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.56 | -1.11 | -0.45 |
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Drawdowns
TVK.TO vs. SPOT - Drawdown Comparison
The maximum TVK.TO drawdown since its inception was -41.58%, smaller than the maximum SPOT drawdown of -79.28%. Use the drawdown chart below to compare losses from any high point for TVK.TO and SPOT.
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Drawdown Indicators
| TVK.TO | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -79.28% | +37.70% |
Max Drawdown (1Y)Largest decline over 1 year | -37.79% | -46.97% | +9.18% |
Max Drawdown (3Y)Largest decline over 3 years | -37.79% | -46.97% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -37.79% | -74.30% | +36.51% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | — | — |
Current DrawdownCurrent decline from peak | -32.10% | -36.63% | +4.53% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -29.84% | +23.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.76% | 26.83% | -8.07% |
Volatility
TVK.TO vs. SPOT - Volatility Comparison
TerraVest Industries Inc. (TVK.TO) has a higher volatility of 42.59% compared to Spotify Technology S.A. (SPOT) at 16.46%. This indicates that TVK.TO's price experiences larger fluctuations and is considered to be riskier than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVK.TO | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.59% | 16.46% | +26.13% |
Volatility (6M)Calculated over the trailing 6-month period | 54.66% | 37.48% | +17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.96% | 45.31% | +10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.50% | 47.80% | -7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 47.65% | -11.79% |
Dividends
TVK.TO vs. SPOT - Dividend Comparison
TVK.TO's dividend yield for the trailing twelve months is around 0.63%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TVK.TO TerraVest Industries Inc. | 0.63% | 0.44% | 0.56% | 1.19% | 1.54% | 1.46% | 2.50% | 3.08% | 3.94% | 4.28% | 4.49% | 7.04% |
Financials
TVK.TO vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between TerraVest Industries Inc. and Spotify Technology S.A.. 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
TVK.TO vs. SPOT - Profitability Comparison
TVK.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported a gross profit of 90.64M and revenue of 442.57M. Therefore, the gross margin over that period was 20.5%.
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a gross profit of 1.51B and revenue of 4.61B. Therefore, the gross margin over that period was 32.9%.
TVK.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported an operating income of 34.19M and revenue of 442.57M, resulting in an operating margin of 7.7%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported an operating income of 726.76M and revenue of 4.61B, resulting in an operating margin of 15.8%.
TVK.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TerraVest Industries Inc. reported a net income of 10.04M and revenue of 442.57M, resulting in a net margin of 2.3%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a net income of 732.86M and revenue of 4.61B, resulting in a net margin of 15.9%.
Frequently Asked Questions
TVK.TO and SPOT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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