ELVA vs OBE
Comparison between Electrovaya Inc (ELVA, Company) and Obsidian Energy Ltd (OBE, Company).
ELVA is from the Industrials sector, while OBE is from the Energy sector.
5-Year PerformanceOBE has outperformed ELVA, delivering a return of +24.9% compared to +18.0%
ELVA vs OBE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ELVA vs OBE - Historical Returns
Returns include dividend reinvestment.
ELVA vs OBE - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | ELVA | OBE |
|---|---|---|
| 2026 | +28.66% | +59.14% |
| 2025 | +209.80% | +2.51% |
| 2024 | -20.13% | -13.71% |
| 2023 | -15.59% | +14.53% |
| 2022 | -1.61% | +54.94% |
| 2021 | -38.46% | +491.10% |
| 2020 | +742.86% | +318.75% |
| 2019 | +36.36% | N/A |
| 2018 | -77.98% | N/A |
| 2017 | -68.48% | N/A |
| 2016 | +221.25% | N/A |
ELVA vs OBE Drawdown Comparison
The maximum drawdown for ELVA was -96.90%, occurring on Dec 26, 2018. This drawdown has not yet recovered.
The maximum drawdown for OBE was -66.67%, occurring on May 5, 2025. Recovery took 970 trading sessions.
The current ELVA drawdown is -36.73%. The current OBE drawdown is -30.77%.
| Rank | ELVA | OBE |
|---|---|---|
| #1 | -96.90% Jul 6, 2016 - Dec 26, 2018 | -66.67% Jun 8, 2022 - Apr 22, 2026 |
| #2 | -39.69% Apr 19, 2016 - Jun 1, 2016 | -51.31% Jul 16, 2020 - Dec 16, 2020 |
| #3 | -29.16% Jun 20, 2016 - Jul 6, 2016 | -45.57% May 4, 2026 - Jul 6, 2026 |
| #4 | -15.70% Jan 12, 2016 - Feb 10, 2016 | -42.89% Jul 6, 2021 - Oct 5, 2021 |
| #5 | -14.59% Jun 3, 2016 - Jun 15, 2016 | -36.97% Mar 17, 2021 - Jun 1, 2021 |
| #6 | -14.43% Mar 18, 2016 - Apr 11, 2016 | -33.33% May 20, 2020 - Jul 16, 2020 |
| #7 | -5.20% Feb 16, 2016 - Mar 1, 2016 | -30.59% Apr 18, 2022 - Jun 1, 2022 |
| #8 | -2.30% Mar 14, 2016 - Mar 17, 2016 | -23.10% Nov 1, 2021 - Jan 3, 2022 |
| #9 | -1.23% Apr 12, 2016 - Apr 15, 2016 | -21.70% Jan 8, 2021 - Feb 16, 2021 |
| #10 | -0.93% Mar 4, 2016 - Mar 10, 2016 | -16.99% Feb 24, 2022 - Mar 25, 2022 |
| #11 | -0.90% Feb 10, 2016 - Feb 16, 2016 | -11.33% Feb 24, 2021 - Mar 8, 2021 |
| #12 | -0.49% Apr 15, 2016 - Apr 19, 2016 | -9.61% Feb 16, 2022 - Feb 23, 2022 |
| #13 | -0.46% Mar 10, 2016 - Mar 14, 2016 | -9.52% Apr 17, 2020 - Apr 30, 2020 |
| #14 | N/A | -9.17% Apr 5, 2022 - Apr 13, 2022 |
| #15 | N/A | -9.09% Apr 30, 2020 - May 7, 2020 |
Correlation
Correlation between ELVA and OBE is 0.19 which considered as a very weak or no correlation - the stocks move independently of each other.
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