AIR.PA vs. CNI

Last updated Jun 5, 2026

AIR.PA (Airbus SE) and CNI (Canadian National Railway Company) are both stocks. Both are in the Industrials sector — AIR.PA in Aerospace & Defense, CNI in Railroads. Over the past 10 years, AIR.PA returned 14.28%/yr vs 9.19%/yr for CNI. At a 0.27 correlation, their price movements are largely independent.

Performance

AIR.PA vs. CNI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Airbus SE (AIR.PA) and Canadian National Railway Company (CNI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIR.PA is traded in EUR, while CNI is traded in USD. To make them comparable, the CNI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIR.PA achieves a -9.14% return, which is significantly lower than CNI's 25.25% return. Over the past 10 years, AIR.PA has outperformed CNI with an annualized return of 14.28%, while CNI has yielded a comparatively lower 9.19% annualized return.

AIR.PA

• 1D: 4.55%
• 1M: -1.60%
• YTD: -9.14%
• 6M: -8.35%
• 1Y: 9.03%
• 3Y*: 13.73%
• 5Y*: 11.77%
• 10Y*: 14.28%

CNI

• 1D: 0.24%
• 1M: 10.57%
• YTD: 25.25%
• 6M: 25.66%
• 1Y: 16.70%
• 3Y*: 1.64%
• 5Y*: 4.98%
• 10Y*: 9.19%

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

AIR.PA vs. CNI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIR.PA Airbus SE	-9.14%	31.06%	11.99%	27.70%	0.22%	25.15%	-31.19%	57.60%	2.84%	34.63%
CNI Canadian National Railway Company	25.25%	-11.96%	-12.07%	4.61%	4.22%	22.20%	13.47%	27.07%	-4.19%	9.66%

Correlation

The correlation between AIR.PA and CNI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007	0.27

The correlation between AIR.PA and CNI shifts across timeframes, from 0.11 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AIR.PA vs. CNI — Risk / Return Rank

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

AIR.PA

AIR.PA Risk / Return Rank: 46
AIR.PA Sharpe Ratio Rank: 49
AIR.PA Sortino Ratio Rank: 43
AIR.PA Omega Ratio Rank: 42
AIR.PA Calmar Ratio Rank: 47
AIR.PA Martin Ratio Rank: 48

CNI

CNI Risk / Return Rank: 64
CNI Sharpe Ratio Rank: 69
CNI Sortino Ratio Rank: 60
CNI Omega Ratio Rank: 61
CNI Calmar Ratio Rank: 67
CNI Martin Ratio Rank: 64

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.

AIR.PA vs. CNI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airbus SE (AIR.PA) and Canadian National Railway Company (CNI). 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.

	AIR.PA	CNI	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.78	-0.58
Sortino ratio: Return per unit of downside risk	0.50	1.14	-0.64
Omega ratio: Gain probability vs. loss probability	1.06	1.15	-0.09
Calmar ratio: Return relative to maximum drawdown	0.21	1.11	-0.90
Martin ratio: Return relative to average drawdown	0.48	1.99	-1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIR.PA vs. CNI - Sharpe Ratio Comparison

The current AIR.PA Sharpe Ratio is 0.21, which is lower than the CNI Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of AIR.PA and CNI, 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

	AIR.PA	CNI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.78	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.23	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.40	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.47	-0.18

Drawdowns

AIR.PA vs. CNI - Drawdown Comparison

The maximum AIR.PA drawdown since its inception was -75.05%, which is greater than CNI's maximum drawdown of -40.75%. Use the drawdown chart below to compare losses from any high point for AIR.PA and CNI.

Drawdown Indicators

	AIR.PA	CNI	Difference
Max Drawdown Largest peak-to-trough decline	-75.05%	-40.75%	-34.30%
Max Drawdown (1Y) Largest decline over 1 year	-27.71%	-15.13%	-12.58%
Max Drawdown (3Y) Largest decline over 3 years	-27.71%	-34.04%	+6.33%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	-34.04%	+6.33%
Max Drawdown (10Y) Largest decline over 10 years	-64.70%	-34.04%	-30.66%
Current Drawdown Current decline from peak	-18.13%	-10.26%	-7.87%
Average Drawdown Average peak-to-trough decline	-22.55%	-9.89%	-12.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.26%	8.41%	+3.85%

Volatility

AIR.PA vs. CNI - Volatility Comparison

Airbus SE (AIR.PA) has a higher volatility of 10.94% compared to Canadian National Railway Company (CNI) at 4.03%. This indicates that AIR.PA's price experiences larger fluctuations and is considered to be riskier than CNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIR.PA	CNI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.94%	4.03%	+6.91%
Volatility (6M) Calculated over the trailing 6-month period	23.68%	16.87%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	28.51%	21.48%	+7.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.65%	21.74%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.70%	22.84%	+11.86%

Dividends

AIR.PA vs. CNI - Dividend Comparison

AIR.PA's dividend yield for the trailing twelve months is around 1.81%, less than CNI's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIR.PA Airbus SE	1.81%	1.51%	1.16%	1.29%	1.35%	0.00%	0.00%	1.26%	1.79%	1.63%	2.07%	1.94%
CNI Canadian National Railway Company	2.16%	2.58%	2.43%	1.85%	1.41%	1.61%	1.59%	1.79%	2.01%	2.00%	2.23%	2.24%

Financials

Frequently Asked Questions

Can I hold both AIR.PA and CNI in my portfolio?

AIR.PA and CNI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.