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 7.88%/yr vs 5.43%/yr for MSEX. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
CDUAF vs. MSEX - Performance Comparison
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Returns By Period
In the year-to-date period, CDUAF achieves a 31.32% return, which is significantly higher than MSEX's 15.19% return. Over the past 10 years, CDUAF has outperformed MSEX with an annualized return of 7.88%, while MSEX has yielded a comparatively lower 5.43% annualized return.
CDUAF
- 1D
- -0.76%
- 1M
- 7.20%
- 6M
- 26.63%
- YTD
- 31.32%
- 1Y
- 51.07%
- 3Y*
- 24.47%
- 5Y*
- 12.01%
- 10Y*
- 7.88%
- ALL TIME*
- 3.30%
MSEX
- 1D
- 2.67%
- 1M
- 1.29%
- 6M
- 10.88%
- YTD
- 15.19%
- 1Y
- 14.06%
- 3Y*
- -8.48%
- 5Y*
- -9.05%
- 10Y*
- 5.43%
- ALL TIME*
- 10.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.27M | $2.89M | $1.49M | |
| $6.97M | $11.03M | $8.63M |
CDUAF vs. MSEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 31.32% | 35.10% | 6.34% | -6.25% | -1.87% | 25.16% | -14.69% | 37.49% | -19.67% | 15.55% |
MSEX Middlesex Water Company | 15.19% | -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 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.08 (1 year) to 0.25 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CDUAF:
$8.23B
MSEX:
$1.07B
CDUAF:
CA$0.35
MSEX:
$3.49
CDUAF:
158.91
MSEX:
16.44
CDUAF:
4.32
MSEX:
3.82
CDUAF:
CA$3.54B
MSEX:
$206.14M
CDUAF:
CA$1.15B
MSEX:
$65.77M
CDUAF:
CA$1.78B
MSEX:
$91.33M
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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 | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.11 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 9.60 | 0.67 | +8.92 |
| Martin ratioReturn relative to average drawdown | 23.94 | 1.16 | +22.77 |
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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.
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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 | -13.56% | -43.09% | +29.53% |
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 | -9.04% | -47.81% | +38.77% |
Average DrawdownAverage peak-to-trough decline | -39.68% | -13.01% | -26.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 12.11% | -9.97% |
Volatility
CDUAF vs. MSEX - Volatility Comparison
The current volatility for Canadian Utilities Limited (CDUAF) is 5.29%, while Middlesex Water Company (MSEX) has a volatility of 7.79%. 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.
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Volatility by Period
| CDUAF | MSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 7.79% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 18.68% | -6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 30.22% | -13.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 30.45% | -11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 32.33% | -8.17% |
Dividends
CDUAF vs. MSEX - Dividend Comparison
CDUAF's dividend yield for the trailing twelve months is around 3.34%, more than MSEX's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 3.34% | 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 | 2.48% | 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 Aug 2026, Canadian Utilities Limited reported a gross profit of 346.15M and revenue of 914.40M. Therefore, the gross margin over that period was 37.9%.
MSEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Middlesex Water Company reported a gross profit of 0.00 and revenue of 56.36M. 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 Aug 2026, Canadian Utilities Limited reported an operating income of 271.12M and revenue of 914.40M, resulting in an operating margin of 29.7%.
MSEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Middlesex Water Company reported an operating income of 18.23M and revenue of 56.36M, resulting in an operating margin of 32.4%.
CDUAF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Canadian Utilities Limited reported a net income of 128.06M and revenue of 914.40M, resulting in a net margin of 14.0%.
MSEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Middlesex Water Company reported a net income of 14.77M and revenue of 56.36M, resulting in a net margin of 26.2%.
Frequently Asked Questions
CDUAF and MSEX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEX has higher volatility (7.79%) compared to CDUAF (5.29%). In terms of maximum drawdown, CDUAF dropped -71.22% vs MSEX's -60.51%.
CDUAF currently has the higher Sharpe Ratio (3.18 vs 0.47), 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.
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