CDUAF vs. MSEX
CDUAF (Canadian Utilities Limited) and MSEX (Middlesex Water Company) are both stocks. Both are in the Utilities sector — CDUAF in Utilities - Diversified, MSEX in Utilities - Regulated Water. Over the past 10 years, CDUAF returned 7.27%/yr vs 4.84%/yr for MSEX. At a 0.14 correlation, their price movements are largely independent.
Performance
CDUAF vs. MSEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CDUAF achieves a 21.53% return, which is significantly higher than MSEX's 10.58% return. Over the past 10 years, CDUAF has outperformed MSEX with an annualized return of 7.27%, while MSEX has yielded a comparatively lower 4.84% annualized return.
CDUAF
- 1D
- -0.32%
- 1M
- 0.25%
- 6M
- 21.53%
- YTD
- 21.53%
- 1Y
- 39.81%
- 3Y*
- 20.35%
- 5Y*
- 11.23%
- 10Y*
- 7.27%
MSEX
- 1D
- 0.88%
- 1M
- 4.86%
- 6M
- 7.85%
- YTD
- 10.58%
- 1Y
- 3.35%
- 3Y*
- -9.07%
- 5Y*
- -6.30%
- 10Y*
- 4.84%
CDUAF vs. MSEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 21.53% | 35.10% | 6.34% | -6.25% | -1.87% | 25.16% | -14.69% | 37.49% | -19.67% | 15.55% |
MSEX Middlesex Water Company | 10.58% | -1.65% | -18.00% | -15.19% | -33.75% | 68.50% | 15.78% | 21.12% | 36.54% | -4.92% |
Correlation
The correlation between CDUAF and MSEX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.14 |
The correlation between CDUAF and MSEX shifts across timeframes, from 0.13 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CDUAF:
$7.64B
MSEX:
$1.02B
CDUAF:
CA$0.29
MSEX:
$3.60
CDUAF:
180.45
MSEX:
15.27
CDUAF:
4.12
MSEX:
3.37
CDUAF:
CA$3.46B
MSEX:
$199.11M
CDUAF:
CA$1.39B
MSEX:
$66.33M
CDUAF:
CA$1.76B
MSEX:
$86.27M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CDUAF vs. MSEX — Risk / Return Rank
CDUAF
MSEX
CDUAF vs. MSEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Utilities Limited (CDUAF) and Middlesex Water Company (MSEX). 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.
| CDUAF | MSEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.04 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 0.07 | +7.27 |
| Martin ratioReturn relative to average drawdown | 18.11 | 0.12 | +17.99 |
Loading charts...
Drawdowns
CDUAF vs. MSEX - Drawdown Comparison
The maximum CDUAF drawdown since its inception was -71.22%, which is greater than MSEX's maximum drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for CDUAF and MSEX.
Loading charts...
Drawdown Indicators
| CDUAF | MSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.22% | -60.51% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.35% | -21.04% | +15.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -44.52% | +25.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -60.51% | +28.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -60.51% | +18.59% |
Current DrawdownCurrent decline from peak | -15.81% | -49.89% | +34.08% |
Average DrawdownAverage peak-to-trough decline | -39.77% | -12.95% | -26.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 12.13% | -9.97% |
Volatility
CDUAF vs. MSEX - Volatility Comparison
The current volatility for Canadian Utilities Limited (CDUAF) is 4.13%, while Middlesex Water Company (MSEX) has a volatility of 6.05%. This indicates that CDUAF experiences smaller price fluctuations and is considered to be less risky than MSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CDUAF | MSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 6.05% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 18.40% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 30.07% | -13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 31.15% | -12.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.93% | 32.28% | -7.35% |
Dividends
CDUAF vs. MSEX - Dividend Comparison
CDUAF's dividend yield for the trailing twelve months is around 3.60%, more than MSEX's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 3.60% | 4.21% | 5.47% | 6.05% | 5.03% | 4.85% | 5.32% | 4.24% | 4.49% | 4.82% | 4.82% | 5.11% |
MSEX Middlesex Water Company | 2.58% | 2.74% | 2.50% | 1.92% | 1.50% | 1.16% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% |
Financials
CDUAF vs. MSEX - Financials Comparison
This section allows you to compare key financial metrics between Canadian Utilities Limited and Middlesex Water Company. 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
CDUAF vs. MSEX - Profitability Comparison
CDUAF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Canadian Utilities Limited reported a gross profit of 761.00M and revenue of 1.08B. Therefore, the gross margin over that period was 70.2%.
MSEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Middlesex Water Company reported a gross profit of 0.00 and revenue of 48.71M. Therefore, the gross margin over that period was 0.0%.
CDUAF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Canadian Utilities Limited reported an operating income of 393.00M and revenue of 1.08B, resulting in an operating margin of 36.3%.
MSEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Middlesex Water Company reported an operating income of 13.10M and revenue of 48.71M, resulting in an operating margin of 26.9%.
CDUAF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Canadian Utilities Limited reported a net income of 224.00M and revenue of 1.08B, resulting in a net margin of 20.7%.
MSEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Middlesex Water Company reported a net income of 10.61M and revenue of 48.71M, resulting in a net margin of 21.8%.
Frequently Asked Questions
CDUAF and MSEX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEX has higher volatility (6.05%) compared to CDUAF (4.13%). In terms of maximum drawdown, CDUAF dropped -71.22% vs MSEX's -60.51%.
CDUAF currently has the higher Sharpe Ratio (2.43 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CDUAF and MSEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer