AME vs. CNQ.TO
AME (AMETEK, Inc.) and CNQ.TO (Canadian Natural Resources Limited) are both stocks. AME operates in Specialty Industrial Machinery (Industrials), while CNQ.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, AME returned 17.87%/yr vs 22.36%/yr for CNQ.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
AME vs. CNQ.TO - Performance Comparison
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Different Trading Currencies
AME is traded in USD, while CNQ.TO is traded in CAD. To make them comparable, the CNQ.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AME achieves a 10.80% return, which is significantly lower than CNQ.TO's 34.74% return. Over the past 10 years, AME has underperformed CNQ.TO with an annualized return of 17.87%, while CNQ.TO has yielded a comparatively higher 22.36% annualized return.
AME
- 1D
- 0.40%
- 1M
- -1.86%
- YTD
- 10.80%
- 6M
- 12.76%
- 1Y
- 27.02%
- 3Y*
- 14.64%
- 5Y*
- 11.51%
- 10Y*
- 17.87%
CNQ.TO
- 1D
- -0.48%
- 1M
- -4.02%
- YTD
- 34.74%
- 6M
- 38.66%
- 1Y
- 44.24%
- 3Y*
- 25.10%
- 5Y*
- 30.02%
- 10Y*
- 22.36%
AME vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 10.80% | 14.66% | 10.01% | 18.81% | -4.33% | 22.32% | 22.19% | 48.27% | -5.89% | 49.98% |
CNQ.TO Canadian Natural Resources Limited | 34.74% | 15.70% | -0.18% | 30.08% | 53.38% | 91.35% | -10.82% | 44.81% | -27.46% | 18.95% |
Correlation
The correlation between AME and CNQ.TO is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.35 |
The correlation between AME and CNQ.TO shifts across timeframes, from -0.10 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AME:
$52.20B
CNQ.TO:
CA$132.89B
AME:
$6.62
CNQ.TO:
CA$4.65
AME:
34.32
CNQ.TO:
13.64
AME:
3.20
CNQ.TO:
0.66
AME:
6.90
CNQ.TO:
3.34
AME:
4.36
CNQ.TO:
2.98
AME:
$7.60B
CNQ.TO:
CA$39.61B
AME:
$2.06B
CNQ.TO:
CA$12.42B
AME:
$2.15B
CNQ.TO:
CA$17.78B
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Return for Risk
AME vs. CNQ.TO — Risk / Return Rank
AME
CNQ.TO
AME vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) and Canadian Natural Resources Limited (CNQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AME | CNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.08 | -1.08 |
| Martin ratioReturn relative to average drawdown | 6.35 | 6.83 | -0.48 |
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Drawdowns
AME vs. CNQ.TO - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, smaller than the maximum CNQ.TO drawdown of -76.64%. Use the drawdown chart below to compare losses from any high point for AME and CNQ.TO.
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Drawdown Indicators
| AME | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -76.64% | +23.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -14.43% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -36.25% | +13.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -36.25% | +9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -76.64% | +33.92% |
Current DrawdownCurrent decline from peak | -5.91% | -9.64% | +3.73% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -21.20% | +9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 6.49% | -2.22% |
Volatility
AME vs. CNQ.TO - Volatility Comparison
The current volatility for AMETEK, Inc. (AME) is 6.77%, while Canadian Natural Resources Limited (CNQ.TO) has a volatility of 8.84%. This indicates that AME experiences smaller price fluctuations and is considered to be less risky than CNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AME | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 8.84% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.76% | 24.25% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 29.57% | -7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 31.39% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.44% | 38.81% | -14.37% |
Dividends
AME vs. CNQ.TO - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.56%, less than CNQ.TO's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.56% | 0.60% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% |
CNQ.TO Canadian Natural Resources Limited | 3.77% | 5.05% | 6.00% | 8.53% | 12.23% | 7.63% | 11.35% | 7.29% | 8.31% | 5.00% | 4.49% | 6.22% |
Financials
AME vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between AMETEK, Inc. and Canadian Natural Resources 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
AME vs. CNQ.TO - Profitability Comparison
AME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a gross profit of 0.00 and revenue of 1.93B. Therefore, the gross margin over that period was 0.0%.
CNQ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported a gross profit of 3.47B and revenue of 10.81B. Therefore, the gross margin over that period was 32.1%.
AME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported an operating income of 514.94M and revenue of 1.93B, resulting in an operating margin of 26.7%.
CNQ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported an operating income of 2.67B and revenue of 10.81B, resulting in an operating margin of 24.7%.
AME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a net income of 399.36M and revenue of 1.93B, resulting in a net margin of 20.7%.
CNQ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported a net income of 1.35B and revenue of 10.81B, resulting in a net margin of 12.5%.
Frequently Asked Questions
AME and CNQ.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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