CDUAF vs. NNN

Last updated Jun 3, 2026

CDUAF (Canadian Utilities Limited) and NNN (National Retail Properties, Inc.) are both stocks. CDUAF operates in Utilities - Diversified (Utilities), while NNN operates in REIT - Retail (Real Estate). Over the past 10 years, CDUAF returned 7.36%/yr vs 4.35%/yr for NNN. At a 0.17 correlation, their price movements are largely independent.

Performance

CDUAF vs. NNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Utilities Limited (CDUAF) and National Retail Properties, Inc. (NNN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDUAF achieves a 18.15% return, which is significantly higher than NNN's 13.75% return. Over the past 10 years, CDUAF has outperformed NNN with an annualized return of 7.36%, while NNN has yielded a comparatively lower 4.35% annualized return.

CDUAF

• 1D: 1.70%
• 1M: 2.20%
• YTD: 18.15%
• 6M: 22.00%
• 1Y: 34.32%
• 3Y*: 15.92%
• 5Y*: 9.80%
• 10Y*: 7.36%

NNN

• 1D: 1.39%
• 1M: -0.30%
• YTD: 13.75%
• 6M: 11.01%
• 1Y: 11.04%
• 3Y*: 6.34%
• 5Y*: 3.59%
• 10Y*: 4.35%

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

CDUAF vs. NNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDUAF Canadian Utilities Limited	18.15%	35.10%	6.34%	-6.25%	-1.87%	25.16%	-14.69%	37.49%	-19.67%	15.55%
NNN National Retail Properties, Inc.	13.75%	2.81%	-0.06%	-0.60%	-0.01%	23.08%	-19.29%	14.78%	17.82%	2.00%

Correlation

The correlation between CDUAF and NNN is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007	0.17

The correlation between CDUAF and NNN shifts across timeframes, from 0.17 (all time) to 0.30 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CDUAF : $9.82B NNN : $8.30B
EPS CDUAF : $0.29 NNN : $2.05
PE Ratio CDUAF : 123.88 NNN : 21.33
PS Ratio CDUAF : 2.83 NNN : 8.83
PB Ratio CDUAF : 1.96 NNN : 1.89
Total Revenue (TTM) CDUAF : $3.46B NNN : $935.78M
Gross Profit (TTM) CDUAF : $1.39B NNN : $761.54M
EBITDA (TTM) CDUAF : $1.76B NNN : $870.06M

Return for Risk

CDUAF vs. NNN — Risk / Return Rank

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

CDUAF

CDUAF Risk / Return Rank: 90
CDUAF Sharpe Ratio Rank: 89
CDUAF Sortino Ratio Rank: 87
CDUAF Omega Ratio Rank: 88
CDUAF Calmar Ratio Rank: 94
CDUAF Martin Ratio Rank: 93

NNN

NNN Risk / Return Rank: 60
NNN Sharpe Ratio Rank: 63
NNN Sortino Ratio Rank: 54
NNN Omega Ratio Rank: 52
NNN Calmar Ratio Rank: 65
NNN Martin Ratio Rank: 65

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.

CDUAF vs. NNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Utilities Limited (CDUAF) and National Retail Properties, Inc. (NNN). 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.

	CDUAF	NNN	Difference
Sharpe ratio Return per unit of total volatility	2.17	0.68	+1.49
Sortino ratio Return per unit of downside risk	2.99	1.05	+1.95
Omega ratio Gain probability vs. loss probability	1.41	1.12	+0.29
Calmar ratio Return relative to maximum drawdown	6.43	1.26	+5.17
Martin ratio Return relative to average drawdown	15.85	2.92	+12.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDUAF vs. NNN - Sharpe Ratio Comparison

The current CDUAF Sharpe Ratio is 2.17, which is higher than the NNN Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of CDUAF and NNN, 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

	CDUAF	NNN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	0.68	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.18	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.16	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.40	-0.32

Drawdowns

CDUAF vs. NNN - Drawdown Comparison

The maximum CDUAF drawdown since its inception was -71.22%, which is greater than NNN's maximum drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for CDUAF and NNN.

Drawdown Indicators

	CDUAF	NNN	Difference
Max Drawdown Largest peak-to-trough decline	-71.22%	-56.17%	-15.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-8.83%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-22.03%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-31.94%	-25.22%	-6.72%
Max Drawdown (10Y) Largest decline over 10 years	-41.92%	-54.99%	+13.07%
Current Drawdown Current decline from peak	-18.16%	-3.27%	-14.89%
Average Drawdown Average peak-to-trough decline	-39.91%	-9.82%	-30.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.82%	-1.65%

Volatility

CDUAF vs. NNN - Volatility Comparison

Canadian Utilities Limited (CDUAF) has a higher volatility of 6.38% compared to National Retail Properties, Inc. (NNN) at 4.53%. This indicates that CDUAF's price experiences larger fluctuations and is considered to be riskier than NNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDUAF	NNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.38%	4.53%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	11.44%	11.48%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	16.30%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	19.67%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.57%	28.08%	-2.51%

Dividends

CDUAF vs. NNN - Dividend Comparison

CDUAF's dividend yield for the trailing twelve months is around 3.71%, less than NNN's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDUAF Canadian Utilities Limited	3.71%	4.21%	5.47%	6.05%	5.03%	4.85%	5.32%	4.24%	4.49%	4.82%	4.82%	5.11%
NNN National Retail Properties, Inc.	5.48%	5.96%	5.61%	5.17%	4.72%	4.37%	5.06%	3.79%	4.02%	4.31%	4.03%	4.27%

Financials

CDUAF vs. NNN - Profitability Comparison

The chart below illustrates the profitability comparison between Canadian Utilities Limited and National Retail Properties, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CDUAF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

NNN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.

CDUAF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported an operating income of 393.00M and revenue of 1.08B, resulting in an operating margin of 36.3%.

NNN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.

CDUAF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a net income of 224.00M and revenue of 1.08B, resulting in a net margin of 20.7%.

NNN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.

Frequently Asked Questions

Can I hold both CDUAF and NNN in my portfolio?

CDUAF and NNN have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDUAF or NNN?

CDUAF has higher volatility (6.38%) compared to NNN (4.53%). In terms of maximum drawdown, CDUAF dropped -71.22% vs NNN's -56.17%.

Which has better risk-adjusted returns?

CDUAF currently has the higher Sharpe Ratio (2.17 vs 0.68), 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.