CDUAF vs. TNC

Last updated Apr 2, 2026

Compare and contrast key facts about Canadian Utilities Limited (CDUAF) and Tennant Company (TNC).

Performance

CDUAF vs. TNC - Performance Comparison

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

CDUAF vs. TNC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDUAF Canadian Utilities Limited	14.28%	35.10%	6.34%	-6.25%	-1.87%	25.16%	-14.69%	37.49%	-19.67%	15.55%
TNC Tennant Company	-5.80%	-8.22%	-11.03%	52.62%	-22.84%	16.87%	-8.78%	51.57%	-27.40%	3.32%

Fundamentals

Market Cap CDUAF : $9.56B TNC : $1.26B
EPS CDUAF : $0.33 TNC : $2.37
PE Ratio CDUAF : 104.93 TNC : 29.14
PS Ratio CDUAF : 2.76 TNC : 1.06
PB Ratio CDUAF : 1.97 TNC : 2.09
Total Revenue (TTM) CDUAF : $3.47B TNC : $1.20B
Gross Profit (TTM) CDUAF : $1.40B TNC : $484.30M
EBITDA (TTM) CDUAF : $1.75B TNC : $110.00M

Returns By Period

In the year-to-date period, CDUAF achieves a 14.28% return, which is significantly higher than TNC's -5.80% return. Over the past 10 years, CDUAF has outperformed TNC with an annualized return of 7.53%, while TNC has yielded a comparatively lower 4.41% annualized return.

CDUAF

• 1D: 0.23%
• 1M: 1.50%
• YTD: 14.28%
• 6M: 29.58%
• 1Y: 40.35%
• 3Y*: 14.04%
• 5Y*: 11.22%
• 10Y*: 7.53%

TNC

• 1D: 4.04%
• 1M: 13.41%
• YTD: -5.80%
• 6M: -14.28%
• 1Y: -12.52%
• 3Y*: 1.67%
• 5Y*: -1.69%
• 10Y*: 4.41%

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

Return for Risk

CDUAF vs. TNC — Risk / Return Rank

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

CDUAF

CDUAF Risk / Return Rank: 93
CDUAF Sharpe Ratio Rank: 92
CDUAF Sortino Ratio Rank: 92
CDUAF Omega Ratio Rank: 92
CDUAF Calmar Ratio Rank: 94
CDUAF Martin Ratio Rank: 96

TNC

TNC Risk / Return Rank: 24
TNC Sharpe Ratio Rank: 25
TNC Sortino Ratio Rank: 24
TNC Omega Ratio Rank: 23
TNC Calmar Ratio Rank: 27
TNC Martin Ratio Rank: 21

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. TNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Utilities Limited (CDUAF) and Tennant Company (TNC). 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	TNC	Difference
Sharpe ratio Return per unit of total volatility	2.31	-0.34	+2.65
Sortino ratio Return per unit of downside risk	3.16	-0.20	+3.36
Omega ratio Gain probability vs. loss probability	1.44	0.97	+0.48
Calmar ratio Return relative to maximum drawdown	5.41	-0.43	+5.84
Martin ratio Return relative to average drawdown	19.04	-1.07	+20.11
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. TNC - Sharpe Ratio Comparison

The current CDUAF Sharpe Ratio is 2.31, which is higher than the TNC Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of CDUAF and TNC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDUAF	TNC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	-0.34	+2.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	-0.06	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.14	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.21	-0.13

Correlation

The correlation between CDUAF and TNC is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CDUAF vs. TNC - Dividend Comparison

CDUAF's dividend yield for the trailing twelve months is around 3.78%, more than TNC's 1.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDUAF Canadian Utilities Limited	3.78%	4.21%	5.47%	6.05%	5.03%	4.85%	5.32%	4.24%	4.49%	4.82%	4.82%	5.11%
TNC Tennant Company	1.75%	1.62%	1.39%	1.16%	1.65%	1.16%	1.27%	1.13%	1.63%	1.16%	1.14%	1.42%

Drawdowns

CDUAF vs. TNC - Drawdown Comparison

The maximum CDUAF drawdown since its inception was -71.22%, smaller than the maximum TNC drawdown of -83.81%. Use the drawdown chart below to compare losses from any high point for CDUAF and TNC.

Drawdown Indicators

	CDUAF	TNC	Difference
Max Drawdown Largest peak-to-trough decline	-71.22%	-83.81%	+12.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-27.71%	+19.46%
Max Drawdown (5Y) Largest decline over 5 years	-31.94%	-48.98%	+17.04%
Max Drawdown (10Y) Largest decline over 10 years	-41.92%	-48.98%	+7.06%
Current Drawdown Current decline from peak	-20.84%	-42.14%	+21.30%
Average Drawdown Average peak-to-trough decline	-40.09%	-16.78%	-23.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	11.17%	-8.83%

Volatility

CDUAF vs. TNC - Volatility Comparison

The current volatility for Canadian Utilities Limited (CDUAF) is 3.69%, while Tennant Company (TNC) has a volatility of 8.90%. This indicates that CDUAF experiences smaller price fluctuations and is considered to be less risky than TNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDUAF	TNC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	8.90%	-5.21%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	32.39%	-20.87%
Volatility (1Y) Calculated over the trailing 1-year period	17.80%	36.80%	-19.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.29%	29.24%	-9.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.35%	32.01%	-5.66%

Financials

CDUAF vs. TNC - Profitability Comparison

The chart below illustrates the profitability comparison between Canadian Utilities Limited and Tennant Company 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 Apr 2026, Canadian Utilities Limited reported a gross profit of -164.87M and revenue of 970.21M. Therefore, the gross margin over that period was -17.0%.

TNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tennant Company reported a gross profit of 100.80M and revenue of 291.60M. Therefore, the gross margin over that period was 34.6%.

CDUAF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Utilities Limited reported an operating income of -352.71M and revenue of 970.21M, resulting in an operating margin of -36.4%.

TNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tennant Company reported an operating income of 400.00K and revenue of 291.60M, resulting in an operating margin of 0.1%.

CDUAF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Utilities Limited reported a net income of -327.73M and revenue of 970.21M, resulting in a net margin of -33.8%.

TNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tennant Company reported a net income of -4.40M and revenue of 291.60M, resulting in a net margin of -1.5%.