CEU.TO vs. CNQ.TO
CEU.TO (CES Energy Solutions Corp.) and CNQ.TO (Canadian Natural Resources Limited) are both stocks. Both are in the Energy sector — CEU.TO in Oil & Gas Equipment & Services, CNQ.TO in Oil & Gas E&P. Over the past 10 years, CEU.TO returned 19.64%/yr vs 18.64%/yr for CNQ.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
CEU.TO vs. CNQ.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CEU.TO having a 45.66% return and CNQ.TO slightly lower at 44.04%. Over the past 10 years, CEU.TO has outperformed CNQ.TO with an annualized return of 19.64%, while CNQ.TO has yielded a comparatively lower 18.64% annualized return.
CEU.TO
- 1D
- 0.85%
- 1M
- -5.81%
- YTD
- 45.66%
- 6M
- 42.91%
- 1Y
- 173.58%
- 3Y*
- 96.12%
- 5Y*
- 59.51%
- 10Y*
- 19.64%
CNQ.TO
- 1D
- 1.47%
- 1M
- 2.49%
- YTD
- 44.04%
- 6M
- 42.39%
- 1Y
- 61.44%
- 3Y*
- 26.69%
- 5Y*
- 30.24%
- 10Y*
- 18.64%
CEU.TO vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEU.TO CES Energy Solutions Corp. | 45.66% | 26.24% | 192.68% | 28.94% | 39.80% | 61.31% | -44.70% | -24.06% | -51.19% | -14.27% |
CNQ.TO Canadian Natural Resources Limited | 44.04% | 10.42% | 7.11% | 21.06% | 49.65% | 82.41% | -20.75% | 32.78% | -24.17% | 7.75% |
Correlation
The correlation between CEU.TO and CNQ.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2006 | 0.38 |
The correlation between CEU.TO and CNQ.TO shifts across timeframes, from 0.38 (all time) to 0.54 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CEU.TO:
CA$3.79B
CNQ.TO:
CA$139.10B
CEU.TO:
CA$0.97
CNQ.TO:
CA$4.65
CEU.TO:
18.44
CNQ.TO:
14.27
CEU.TO:
0.37
CNQ.TO:
0.69
CEU.TO:
1.53
CNQ.TO:
3.50
CEU.TO:
4.49
CNQ.TO:
3.12
CEU.TO:
CA$2.54B
CNQ.TO:
CA$39.61B
CEU.TO:
CA$597.19M
CNQ.TO:
CA$12.42B
CEU.TO:
CA$358.87M
CNQ.TO:
CA$17.78B
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Return for Risk
CEU.TO vs. CNQ.TO — Risk / Return Rank
CEU.TO
CNQ.TO
CEU.TO vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CES Energy Solutions Corp. (CEU.TO) and Canadian Natural Resources Limited (CNQ.TO). 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.
| CEU.TO | CNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.35 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 15.50 | 4.03 | +11.47 |
| Martin ratioReturn relative to average drawdown | 47.20 | 10.58 | +36.63 |
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
| CEU.TO | CNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.09 | 2.16 | +2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | 1.00 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.49 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.63 | -0.25 |
Drawdowns
CEU.TO vs. CNQ.TO - Drawdown Comparison
The maximum CEU.TO drawdown since its inception was -94.27%, which is greater than CNQ.TO's maximum drawdown of -76.20%. Use the drawdown chart below to compare losses from any high point for CEU.TO and CNQ.TO.
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Drawdown Indicators
| CEU.TO | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.27% | -76.20% | -18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -15.33% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -41.77% | -33.11% | -8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -41.77% | -33.11% | -8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -92.84% | -76.20% | -16.64% |
Current DrawdownCurrent decline from peak | -7.86% | -4.46% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -38.79% | -18.90% | -19.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 5.83% | -2.13% |
Volatility
CEU.TO vs. CNQ.TO - Volatility Comparison
CES Energy Solutions Corp. (CEU.TO) and Canadian Natural Resources Limited (CNQ.TO) have volatilities of 9.84% and 9.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEU.TO | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.84% | 9.61% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 22.42% | 23.71% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.67% | 28.67% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.66% | 30.46% | +11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.91% | 38.03% | +12.88% |
Dividends
CEU.TO vs. CNQ.TO - Dividend Comparison
CEU.TO's dividend yield for the trailing twelve months is around 1.03%, less than CNQ.TO's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEU.TO CES Energy Solutions Corp. | 1.03% | 1.40% | 1.21% | 2.75% | 2.46% | 1.58% | 0.86% | 2.58% | 1.59% | 0.55% | 0.67% | 8.40% |
CNQ.TO Canadian Natural Resources Limited | 3.60% | 5.06% | 4.82% | 4.26% | 6.12% | 3.66% | 5.44% | 3.50% | 3.98% | 2.40% | 2.15% | 3.02% |
Financials
CEU.TO vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between CES Energy Solutions Corp. 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
CEU.TO vs. CNQ.TO - Profitability Comparison
CEU.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CES Energy Solutions Corp. reported a gross profit of 157.06M and revenue of 681.51M. Therefore, the gross margin over that period was 23.1%.
CNQ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported a gross profit of 3.47B and revenue of 10.81B. Therefore, the gross margin over that period was 32.1%.
CEU.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CES Energy Solutions Corp. reported an operating income of 56.28M and revenue of 681.51M, resulting in an operating margin of 8.3%.
CNQ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported an operating income of 2.67B and revenue of 10.81B, resulting in an operating margin of 24.7%.
CEU.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CES Energy Solutions Corp. reported a net income of 50.26M and revenue of 681.51M, resulting in a net margin of 7.4%.
CNQ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported a net income of 1.35B and revenue of 10.81B, resulting in a net margin of 12.5%.
Frequently Asked Questions
CEU.TO and CNQ.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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