ARX.AX vs. CNQ
ARX.AX (Aroa Biosurgery Limited) and CNQ (Canadian Natural Resources Limited) are both stocks. ARX.AX operates in Medical Devices (Healthcare), while CNQ operates in Oil & Gas E&P (Energy). Over the past 5 years, ARX.AX returned -9.79%/yr vs 28.47%/yr for CNQ. At a correlation of -0.01, they often move in opposite directions.
Performance
ARX.AX vs. CNQ - Performance Comparison
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Different Trading Currencies
ARX.AX is traded in AUD, while CNQ is traded in USD. To make them comparable, the CNQ values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARX.AX achieves a -10.81% return, which is significantly lower than CNQ's 29.00% return.
ARX.AX
- 1D
- -2.22%
- 1M
- 2.33%
- YTD
- -10.81%
- 6M
- 0.00%
- 1Y
- 28.16%
- 3Y*
- -9.82%
- 5Y*
- -9.79%
- 10Y*
- —
CNQ
- 1D
- -2.94%
- 1M
- 2.88%
- YTD
- 29.00%
- 6M
- 26.99%
- 1Y
- 42.83%
- 3Y*
- 21.33%
- 5Y*
- 28.47%
- 10Y*
- 17.70%
ARX.AX vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARX.AX Aroa Biosurgery Limited | -10.81% | -3.90% | -7.23% | -23.15% | 5.88% | -11.30% | -14.81% |
CNQ Canadian Natural Resources Limited | 29.00% | 7.19% | 8.62% | 23.82% | 52.26% | 94.32% | 26.33% |
Correlation
The correlation between ARX.AX and CNQ is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | -0.01 |
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Return for Risk
ARX.AX vs. CNQ — Risk / Return Rank
ARX.AX
CNQ
ARX.AX vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aroa Biosurgery Limited (ARX.AX) and Canadian Natural Resources Limited (CNQ). 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.
| ARX.AX | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.43 | -1.55 |
| Martin ratioReturn relative to average drawdown | 2.06 | 5.74 | -3.68 |
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
| ARX.AX | CNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.45 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.94 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.26 | -0.50 |
Drawdowns
ARX.AX vs. CNQ - Drawdown Comparison
The maximum ARX.AX drawdown since its inception was -75.65%, which is greater than CNQ's maximum drawdown of -71.53%. Use the drawdown chart below to compare losses from any high point for ARX.AX and CNQ.
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Drawdown Indicators
| ARX.AX | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.65% | -71.53% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -35.85% | -17.69% | -18.16% |
Max Drawdown (3Y)Largest decline over 3 years | -60.94% | -30.14% | -30.80% |
Max Drawdown (5Y)Largest decline over 5 years | -69.88% | -30.14% | -39.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.53% | — |
Current DrawdownCurrent decline from peak | -57.14% | -11.04% | -46.10% |
Average DrawdownAverage peak-to-trough decline | -45.52% | -22.23% | -23.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.45% | 7.48% | +7.97% |
Volatility
ARX.AX vs. CNQ - Volatility Comparison
Aroa Biosurgery Limited (ARX.AX) has a higher volatility of 14.42% compared to Canadian Natural Resources Limited (CNQ) at 9.16%. This indicates that ARX.AX's price experiences larger fluctuations and is considered to be riskier than CNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARX.AX | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.42% | 9.16% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 36.83% | 24.76% | +12.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.42% | 29.60% | +19.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.99% | 30.40% | +18.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.02% | 38.04% | +9.98% |
Dividends
ARX.AX vs. CNQ - Dividend Comparison
ARX.AX has not paid dividends to shareholders, while CNQ's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARX.AX Aroa Biosurgery Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNQ Canadian Natural Resources Limited | 3.81% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
Financials
ARX.AX vs. CNQ - Financials Comparison
This section allows you to compare key financial metrics between Aroa Biosurgery Limited 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
Frequently Asked Questions
ARX.AX and CNQ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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