VLN.TO vs. EMP-A.TO
VLN.TO (Velan Inc.) and EMP-A.TO (Empire Company Limited) are both stocks. VLN.TO operates in Specialty Industrial Machinery (Industrials), while EMP-A.TO operates in Grocery Stores (Consumer Defensive). Over the past 10 years, VLN.TO returned -0.11%/yr vs 9.81%/yr for EMP-A.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
VLN.TO vs. EMP-A.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VLN.TO achieves a -16.84% return, which is significantly lower than EMP-A.TO's 1.96% return. Over the past 10 years, VLN.TO has underperformed EMP-A.TO with an annualized return of -0.11%, while EMP-A.TO has yielded a comparatively higher 9.81% annualized return.
VLN.TO
- 1D
- -0.70%
- 1M
- 0.06%
- YTD
- -16.84%
- 6M
- -12.87%
- 1Y
- 7.59%
- 3Y*
- 7.96%
- 5Y*
- 11.74%
- 10Y*
- -0.11%
EMP-A.TO
- 1D
- 2.23%
- 1M
- 4.69%
- YTD
- 1.96%
- 6M
- -3.08%
- 1Y
- -7.92%
- 3Y*
- 13.76%
- 5Y*
- 5.05%
- 10Y*
- 9.81%
VLN.TO vs. EMP-A.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLN.TO Velan Inc. | -16.84% | 79.46% | 101.49% | 0.61% | -34.64% | 17.14% | -15.98% | -4.10% | -50.07% | 6.66% |
EMP-A.TO Empire Company Limited | 1.96% | 10.63% | 27.94% | 0.17% | -5.96% | 12.40% | 15.98% | 7.18% | 19.80% | 59.12% |
Correlation
The correlation between VLN.TO and EMP-A.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 1996 | 0.01 |
Fundamentals
VLN.TO:
CA$334.79M
EMP-A.TO:
CA$11.05B
VLN.TO:
CA$3.42
EMP-A.TO:
CA$0.69
VLN.TO:
4.53
EMP-A.TO:
70.28
VLN.TO:
0.00
EMP-A.TO:
21.89
VLN.TO:
1.13
EMP-A.TO:
0.35
VLN.TO:
1.85
EMP-A.TO:
2.25
VLN.TO:
CA$297.02M
EMP-A.TO:
CA$31.82B
VLN.TO:
CA$87.05M
EMP-A.TO:
CA$8.66B
VLN.TO:
CA$11.27M
EMP-A.TO:
CA$1.66B
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Return for Risk
VLN.TO vs. EMP-A.TO — Risk / Return Rank
VLN.TO
EMP-A.TO
VLN.TO vs. EMP-A.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Velan Inc. (VLN.TO) and Empire Company Limited (EMP-A.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.
| VLN.TO | EMP-A.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.96 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.34 | +0.63 |
| Martin ratioReturn relative to average drawdown | 0.63 | -0.58 | +1.21 |
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
| VLN.TO | EMP-A.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | -0.35 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.25 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | 0.38 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.45 | -0.41 |
Drawdowns
VLN.TO vs. EMP-A.TO - Drawdown Comparison
The maximum VLN.TO drawdown since its inception was -85.48%, which is greater than EMP-A.TO's maximum drawdown of -50.93%. Use the drawdown chart below to compare losses from any high point for VLN.TO and EMP-A.TO.
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Drawdown Indicators
| VLN.TO | EMP-A.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.48% | -50.93% | -34.55% |
Max Drawdown (1Y)Largest decline over 1 year | -26.16% | -23.44% | -2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -60.48% | -23.44% | -37.04% |
Max Drawdown (5Y)Largest decline over 5 years | -60.54% | -27.69% | -32.85% |
Max Drawdown (10Y)Largest decline over 10 years | -80.31% | -34.51% | -45.80% |
Current DrawdownCurrent decline from peak | -37.22% | -15.44% | -21.78% |
Average DrawdownAverage peak-to-trough decline | -51.66% | -11.73% | -39.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.15% | 13.68% | -1.53% |
Volatility
VLN.TO vs. EMP-A.TO - Volatility Comparison
The current volatility for Velan Inc. (VLN.TO) is 3.88%, while Empire Company Limited (EMP-A.TO) has a volatility of 5.68%. This indicates that VLN.TO experiences smaller price fluctuations and is considered to be less risky than EMP-A.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLN.TO | EMP-A.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 5.68% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 27.69% | 18.36% | +9.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.50% | 22.98% | +8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.49% | 20.65% | +40.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.61% | 26.01% | +25.60% |
Dividends
VLN.TO vs. EMP-A.TO - Dividend Comparison
VLN.TO's dividend yield for the trailing twelve months is around 3.42%, more than EMP-A.TO's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMP-A.TO Empire Company Limited | 1.83% | 1.76% | 1.75% | 1.99% | 1.77% | 1.45% | 1.44% | 1.51% | 1.49% | 1.70% | 2.58% | 1.86% |
VLN.TO Velan Inc. | 3.42% | 3.00% | 0.00% | 0.56% | 0.56% | 0.00% | 0.43% | 1.43% | 2.14% | 2.22% | 2.32% | 2.64% |
Financials
VLN.TO vs. EMP-A.TO - Financials Comparison
This section allows you to compare key financial metrics between Velan Inc. and Empire Company Limited. 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
VLN.TO vs. EMP-A.TO - Profitability Comparison
VLN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Velan Inc. reported a gross profit of 17.74M and revenue of 85.52M. Therefore, the gross margin over that period was 20.8%.
EMP-A.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Empire Company Limited reported a gross profit of 2.13B and revenue of 7.89B. Therefore, the gross margin over that period was 27.0%.
VLN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Velan Inc. reported an operating income of -1.25M and revenue of 85.52M, resulting in an operating margin of -1.5%.
EMP-A.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Empire Company Limited reported an operating income of 279.00M and revenue of 7.89B, resulting in an operating margin of 3.5%.
VLN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Velan Inc. reported a net income of -3.88M and revenue of 85.52M, resulting in a net margin of -4.5%.
EMP-A.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Empire Company Limited reported a net income of -385.00M and revenue of 7.89B, resulting in a net margin of -4.9%.
Frequently Asked Questions
VLN.TO and EMP-A.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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