XNET vs. TVE.TO

Last updated Jun 4, 2026

XNET (Xunlei Limited) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. XNET operates in Advertising Agencies (Communication Services), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, XNET returned -2.17%/yr vs 14.59%/yr for TVE.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

XNET vs. TVE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xunlei Limited (XNET) and Tamarack Valley Energy Ltd. (TVE.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNET is traded in USD, while TVE.TO is traded in CAD. To make them comparable, the TVE.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XNET achieves a -29.76% return, which is significantly lower than TVE.TO's 68.56% return. Over the past 10 years, XNET has underperformed TVE.TO with an annualized return of -2.17%, while TVE.TO has yielded a comparatively higher 14.59% annualized return.

XNET

• 1D: -7.95%
• 1M: -20.06%
• YTD: -29.76%
• 6M: -31.69%
• 1Y: -14.29%
• 3Y*: 51.22%
• 5Y*: 0.66%
• 10Y*: -2.17%

TVE.TO

• 1D: 2.70%
• 1M: 3.66%
• YTD: 68.56%
• 6M: 69.91%
• 1Y: 199.30%
• 3Y*: 59.39%
• 5Y*: 37.86%
• 10Y*: 14.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XNET vs. TVE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XNET Xunlei Limited	-29.76%	256.28%	22.84%	-10.99%	-9.45%	-30.45%	-41.02%	44.12%	-77.91%	298.70%
TVE.TO Tamarack Valley Energy Ltd.	68.56%	79.95%	49.67%	-26.58%	10.86%	205.39%	-35.23%	-11.02%	-23.89%	-11.64%

Correlation

The correlation between XNET and TVE.TO is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 25, 2014	0.15

The correlation between XNET and TVE.TO shifts across timeframes, from 0.00 (1 year) to 0.16 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap XNET : $62.71M TVE.TO : CA$6.65B
EPS XNET : $69.01 TVE.TO : -CA$0.19
PS Ratio XNET : 0.13 TVE.TO : 4.69
PB Ratio XNET : 0.05 TVE.TO : 3.77
Total Revenue (TTM) XNET : $470.70M TVE.TO : CA$1.44B
Gross Profit (TTM) XNET : $231.40M TVE.TO : CA$560.03M
EBITDA (TTM) XNET : $1.09B TVE.TO : CA$596.84M

Return for Risk

XNET vs. TVE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XNET

XNET Risk / Return Rank: 35
XNET Sharpe Ratio Rank: 34
XNET Sortino Ratio Rank: 37
XNET Omega Ratio Rank: 37
XNET Calmar Ratio Rank: 32
XNET Martin Ratio Rank: 33

TVE.TO

TVE.TO Risk / Return Rank: 99
TVE.TO Sharpe Ratio Rank: 99
TVE.TO Sortino Ratio Rank: 98
TVE.TO Omega Ratio Rank: 97
TVE.TO Calmar Ratio Rank: 99
TVE.TO Martin Ratio Rank: 99

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.

XNET vs. TVE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xunlei Limited (XNET) and Tamarack Valley Energy Ltd. (TVE.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.

	XNET	TVE.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	5.72	-5.90
Sortino ratio: Return per unit of downside risk	0.33	5.25	-4.93
Omega ratio: Gain probability vs. loss probability	1.04	1.72	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.27	18.92	-19.18
Martin ratio: Return relative to average drawdown	-0.43	65.85	-66.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNET vs. TVE.TO - Sharpe Ratio Comparison

The current XNET Sharpe Ratio is -0.18, which is lower than the TVE.TO Sharpe Ratio of 5.72. The chart below compares the historical Sharpe Ratios of XNET and TVE.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.

Sharpe Ratios by Period

	XNET	TVE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	5.72	-5.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.83	-0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.26	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.24	-0.34

Drawdowns

XNET vs. TVE.TO - Drawdown Comparison

The maximum XNET drawdown since its inception was -96.03%, roughly equal to the maximum TVE.TO drawdown of -95.94%. Use the drawdown chart below to compare losses from any high point for XNET and TVE.TO.

Drawdown Indicators

	XNET	TVE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	-95.94%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-53.80%	-10.60%	-43.20%
Max Drawdown (3Y) Largest decline over 3 years	-53.80%	-34.18%	-19.62%
Max Drawdown (5Y) Largest decline over 5 years	-81.46%	-57.19%	-24.27%
Max Drawdown (10Y) Largest decline over 10 years	-96.03%	-92.37%	-3.66%
Current Drawdown Current decline from peak	-80.01%	0.00%	-80.01%
Average Drawdown Average peak-to-trough decline	-74.74%	-56.49%	-18.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.46%	3.04%	+30.42%

Volatility

XNET vs. TVE.TO - Volatility Comparison

Xunlei Limited (XNET) has a higher volatility of 21.11% compared to Tamarack Valley Energy Ltd. (TVE.TO) at 14.04%. This indicates that XNET's price experiences larger fluctuations and is considered to be riskier than TVE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNET	TVE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.11%	14.04%	+7.07%
Volatility (6M) Calculated over the trailing 6-month period	39.41%	28.70%	+10.71%
Volatility (1Y) Calculated over the trailing 1-year period	81.97%	35.12%	+46.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.26%	46.16%	+25.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.64%	55.54%	+32.10%

Dividends

XNET vs. TVE.TO - Dividend Comparison

XNET has not paid dividends to shareholders, while TVE.TO's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025	2024	2023	2022
TVE.TO Tamarack Valley Energy Ltd.	0.97%	1.95%	3.26%	5.08%	2.60%
XNET Xunlei Limited	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both XNET and TVE.TO in my portfolio?

XNET and TVE.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.