VLE.TO vs. JOY.TO
VLE.TO (Valeura Energy Inc.) and JOY.TO (Journey Energy Inc.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, VLE.TO returned 25.95%/yr vs 14.45%/yr for JOY.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
VLE.TO vs. JOY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VLE.TO achieves a 41.20% return, which is significantly lower than JOY.TO's 92.77% return. Over the past 10 years, VLE.TO has outperformed JOY.TO with an annualized return of 25.95%, while JOY.TO has yielded a comparatively lower 14.45% annualized return.
VLE.TO
- 1D
- 0.52%
- 1M
- -10.60%
- YTD
- 41.20%
- 6M
- 45.28%
- 1Y
- 58.87%
- 3Y*
- 80.62%
- 5Y*
- 88.14%
- 10Y*
- 25.95%
JOY.TO
- 1D
- 0.49%
- 1M
- -7.40%
- YTD
- 92.77%
- 6M
- 63.47%
- 1Y
- 240.56%
- 3Y*
- 0.94%
- 5Y*
- 44.59%
- 10Y*
- 14.45%
VLE.TO vs. JOY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLE.TO Valeura Energy Inc. | 41.20% | 12.67% | 155.63% | 35.89% | 375.00% | -22.81% | -10.94% | -80.06% | -26.21% | 357.89% |
JOY.TO Journey Energy Inc. | 92.77% | 68.25% | -51.04% | -29.30% | 102.22% | 1,073.91% | -86.47% | -12.37% | 9.60% | -36.79% |
Correlation
The correlation between VLE.TO and JOY.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2014 | 0.19 |
The correlation between VLE.TO and JOY.TO shifts across timeframes, from 0.19 (all time) to 0.36 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
VLE.TO:
CA$1.25B
JOY.TO:
CA$413.66M
VLE.TO:
CA$0.16
JOY.TO:
CA$0.18
VLE.TO:
70.13
JOY.TO:
33.60
VLE.TO:
0.02
JOY.TO:
0.54
VLE.TO:
1.94
JOY.TO:
2.39
VLE.TO:
1.63
JOY.TO:
1.18
VLE.TO:
CA$645.16M
JOY.TO:
CA$173.38M
VLE.TO:
CA$201.47M
JOY.TO:
CA$68.36M
VLE.TO:
CA$277.23M
JOY.TO:
CA$60.04M
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Return for Risk
VLE.TO vs. JOY.TO — Risk / Return Rank
VLE.TO
JOY.TO
VLE.TO vs. JOY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valeura Energy Inc. (VLE.TO) and Journey Energy Inc. (JOY.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.
| VLE.TO | JOY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.58 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 8.83 | -6.98 |
| Martin ratioReturn relative to average drawdown | 3.74 | 21.88 | -18.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VLE.TO | JOY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 4.92 | -3.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.76 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.07 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.03 | +0.04 |
Drawdowns
VLE.TO vs. JOY.TO - Drawdown Comparison
The maximum VLE.TO drawdown since its inception was -98.16%, roughly equal to the maximum JOY.TO drawdown of -99.44%. Use the drawdown chart below to compare losses from any high point for VLE.TO and JOY.TO.
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Drawdown Indicators
| VLE.TO | JOY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -99.44% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -33.55% | -27.45% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -36.41% | -78.52% | +42.11% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -83.01% | +36.95% |
Max Drawdown (10Y)Largest decline over 10 years | -96.93% | -98.15% | +1.22% |
Current DrawdownCurrent decline from peak | -24.41% | -43.25% | +18.84% |
Average DrawdownAverage peak-to-trough decline | -75.27% | -72.47% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 11.05% | +5.47% |
Volatility
VLE.TO vs. JOY.TO - Volatility Comparison
The current volatility for Valeura Energy Inc. (VLE.TO) is 13.88%, while Journey Energy Inc. (JOY.TO) has a volatility of 15.48%. This indicates that VLE.TO experiences smaller price fluctuations and is considered to be less risky than JOY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLE.TO | JOY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.88% | 15.48% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 35.89% | 38.52% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.72% | 49.21% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.40% | 59.42% | +22.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.51% | 199.71% | -112.20% |
Dividends
VLE.TO vs. JOY.TO - Dividend Comparison
Neither VLE.TO nor JOY.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOY.TO Journey Energy Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 15.47% |
VLE.TO Valeura Energy Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
VLE.TO vs. JOY.TO - Financials Comparison
This section allows you to compare key financial metrics between Valeura Energy Inc. and Journey Energy 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
VLE.TO vs. JOY.TO - Profitability Comparison
VLE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valeura Energy Inc. reported a gross profit of 38.19M and revenue of 130.20M. Therefore, the gross margin over that period was 29.3%.
JOY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported a gross profit of -1.74M and revenue of 31.46M. Therefore, the gross margin over that period was -5.5%.
VLE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valeura Energy Inc. reported an operating income of 5.94M and revenue of 130.20M, resulting in an operating margin of 4.6%.
JOY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported an operating income of -5.84M and revenue of 31.46M, resulting in an operating margin of -18.6%.
VLE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valeura Energy Inc. reported a net income of 8.11M and revenue of 130.20M, resulting in a net margin of 6.2%.
JOY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Journey Energy Inc. reported a net income of -5.85M and revenue of 31.46M, resulting in a net margin of -18.6%.
Frequently Asked Questions
VLE.TO and JOY.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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