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TVK.TO vs. XCV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TVK.TO vs. XCV.TO

Last updated Jun 6, 2026

TVK.TO (TerraVest Industries Inc.) is a stock, while XCV.TO (iShares Canadian Value Index ETF) is Canada Equities fund tracking the Morningstar Canada GR CAD. Over the past 10 years, TVK.TO returned 36.07%/yr vs 13.24%/yr for XCV.TO. At a 0.17 correlation, their price movements are largely independent.

Performance

TVK.TO vs. XCV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TerraVest Industries Inc. (TVK.TO) and iShares Canadian Value Index ETF (XCV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TVK.TO achieves a -34.01% return, which is significantly lower than XCV.TO's 19.69% return. Over the past 10 years, TVK.TO has outperformed XCV.TO with an annualized return of 36.07%, while XCV.TO has yielded a comparatively lower 13.24% annualized return.

TVK.TO

1D
-31.58%
1M
-15.34%
YTD
-34.01%
6M
-13.58%
1Y
-35.59%
3Y*
59.28%
5Y*
45.28%
10Y*
36.07%

XCV.TO

1D
-0.68%
1M
4.36%
YTD
19.69%
6M
18.65%
1Y
45.10%
3Y*
27.80%
5Y*
18.06%
10Y*
13.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TVK.TO vs. XCV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TVK.TO
TerraVest Industries Inc.		-34.01%47.85%154.61%62.88%2.14%75.27%26.32%31.99%13.03%9.55%
XCV.TO
iShares Canadian Value Index ETF		19.69%32.30%21.41%9.62%1.98%32.81%-2.43%18.14%-11.06%8.85%

Correlation

The correlation between TVK.TO and XCV.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2012

0.17

The correlation between TVK.TO and XCV.TO shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

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TerraVest Industries Inc.

iShares Canadian Value Index ETF

Often compared with TVK.TO:
TVK.TO vs. TFII.TOTVK.TO vs. OLY.TOTVK.TO vs. GSY.TOTVK.TO vs. FTG.TOTVK.TO vs. ATZ.TOTVK.TO vs. IBPTVK.TO vs. QQQ
Often compared with XCV.TO:
XCV.TO vs. XDIV.TOXCV.TO vs. XCS.TOXCV.TO vs. XEQT.TOXCV.TO vs. VCE.TOXCV.TO vs. DGROXCV.TO vs. FCUV.TOXCV.TO vs. CDZ.TO

Return for Risk

TVK.TO vs. XCV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TVK.TO
TVK.TO Risk / Return Rank: 1010
Overall Rank
TVK.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
TVK.TO Sortino Ratio Rank: 1818
Sortino Ratio Rank
TVK.TO Omega Ratio Rank: 1515
Omega Ratio Rank
TVK.TO Calmar Ratio Rank: 44
Calmar Ratio Rank
TVK.TO Martin Ratio Rank: 11
Martin Ratio Rank
XCV.TO
XCV.TO Risk / Return Rank: 9898
Overall Rank
XCV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XCV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XCV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XCV.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XCV.TO Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TVK.TO vs. XCV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TerraVest Industries Inc. (TVK.TO) and iShares Canadian Value Index ETF (XCV.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.

TVK.TOXCV.TODifference
Sharpe ratioReturn per unit of total volatility
-0.64
5.01

-5.66

Sortino ratioReturn per unit of downside risk
-0.64
6.69

-7.33

Omega ratioGain probability vs. loss probability

0.90

2.03

-1.13

Calmar ratioReturn relative to maximum drawdown

-0.94

11.80

-12.75

Martin ratioReturn relative to average drawdown

-1.96

44.41

-46.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TVK.TO vs. XCV.TO - Sharpe Ratio Comparison

The current TVK.TO Sharpe Ratio is -0.64, which is lower than the XCV.TO Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of TVK.TO and XCV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TVK.TOXCV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.64

5.01

-5.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

1.41

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.01

0.86

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

1.05

0.55

+0.51

Drawdowns

TVK.TO vs. XCV.TO - Drawdown Comparison

The maximum TVK.TO drawdown since its inception was -41.58%, smaller than the maximum XCV.TO drawdown of -52.45%. Use the drawdown chart below to compare losses from any high point for TVK.TO and XCV.TO.

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Drawdown Indicators

TVK.TOXCV.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.58%

-52.45%

+10.87%

Max Drawdown (1Y)

Largest decline over 1 year

-37.79%

-3.84%

-33.95%

Max Drawdown (3Y)

Largest decline over 3 years

-37.79%

-9.71%

-28.08%

Max Drawdown (5Y)

Largest decline over 5 years

-37.79%

-18.06%

-19.73%

Max Drawdown (10Y)

Largest decline over 10 years

-41.58%

-41.18%

-0.40%

Current Drawdown

Current decline from peak

-37.79%

-0.68%

-37.11%

Average Drawdown

Average peak-to-trough decline

-6.75%

-6.61%

-0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.14%

1.02%

+17.12%

Volatility

TVK.TO vs. XCV.TO - Volatility Comparison

TerraVest Industries Inc. (TVK.TO) has a higher volatility of 41.92% compared to iShares Canadian Value Index ETF (XCV.TO) at 3.48%. This indicates that TVK.TO's price experiences larger fluctuations and is considered to be riskier than XCV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TVK.TOXCV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

41.92%

3.48%

+38.44%

Volatility (6M)

Calculated over the trailing 6-month period

54.31%

7.75%

+46.56%

Volatility (1Y)

Calculated over the trailing 1-year period

55.54%

9.04%

+46.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.38%

12.83%

+27.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.79%

15.53%

+20.26%

Dividends

TVK.TO vs. XCV.TO - Dividend Comparison

TVK.TO's dividend yield for the trailing twelve months is around 0.69%, less than XCV.TO's 2.32% yield.

PositionTTM20252024202320222021202020192018201720162015
TVK.TO
TerraVest Industries Inc.		0.69%0.44%0.56%1.19%1.54%1.46%2.50%3.08%3.94%4.28%4.49%7.04%
XCV.TO
iShares Canadian Value Index ETF		2.32%2.78%3.84%4.00%3.28%2.18%3.46%3.16%3.23%2.49%2.57%3.26%

Frequently Asked Questions

TVK.TO and XCV.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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