CF vs. NTR.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CF Industries Holdings, Inc. (CF) and Nutrien Ltd. (NTR.TO).

Performance

CF vs. NTR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CF Industries Holdings, Inc. (CF) and Nutrien Ltd. (NTR.TO). The values are adjusted to include any dividend payments, if applicable.

CF vs. NTR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CF CF Industries Holdings, Inc.	68.78%	-7.17%	10.08%	-4.75%	22.29%	87.18%	-15.76%	12.73%	3.67%
NTR.TO Nutrien Ltd.	22.36%	43.43%	-17.07%	-20.09%	-0.36%	61.93%	5.55%	5.43%	-11.96%

Different Trading Currencies

CF is traded in USD, while NTR.TO is traded in CAD. To make them comparable, the NTR.TO values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap CF : $20.27B NTR.TO : CA$50.74B
EPS CF : $9.09 NTR.TO : CA$4.68
PE Ratio CF : 14.29 NTR.TO : 22.45
PEG Ratio CF : 0.23 NTR.TO : 0.32
PS Ratio CF : 2.94 NTR.TO : 1.90
PB Ratio CF : 4.19 NTR.TO : 2.01
Total Revenue (TTM) CF : $7.08B NTR.TO : CA$26.90B
Gross Profit (TTM) CF : $2.92B NTR.TO : CA$8.35B
EBITDA (TTM) CF : $3.33B NTR.TO : CA$5.98B

Returns By Period

In the year-to-date period, CF achieves a 68.78% return, which is significantly higher than NTR.TO's 22.36% return.

CF

• 1D: -5.64%
• 1M: 30.44%
• YTD: 68.78%
• 6M: 46.39%
• 1Y: 70.01%
• 3Y*: 24.33%
• 5Y*: 25.78%
• 10Y*: 18.25%

NTR.TO

• 1D: -1.38%
• 1M: 0.46%
• YTD: 22.36%
• 6M: 29.77%
• 1Y: 56.36%
• 3Y*: 4.50%
• 5Y*: 10.41%
• 10Y*: —

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

Return for Risk

CF vs. NTR.TO — Risk / Return Rank

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

CF

CF Risk / Return Rank: 85
CF Sharpe Ratio Rank: 89
CF Sortino Ratio Rank: 87
CF Omega Ratio Rank: 84
CF Calmar Ratio Rank: 85
CF Martin Ratio Rank: 79

NTR.TO

NTR.TO Risk / Return Rank: 87
NTR.TO Sharpe Ratio Rank: 88
NTR.TO Sortino Ratio Rank: 85
NTR.TO Omega Ratio Rank: 81
NTR.TO Calmar Ratio Rank: 91
NTR.TO Martin Ratio Rank: 90

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.

CF vs. NTR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CF Industries Holdings, Inc. (CF) and Nutrien Ltd. (NTR.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.

	CF	NTR.TO	Difference
Sharpe ratio Return per unit of total volatility	1.85	1.82	+0.02
Sortino ratio Return per unit of downside risk	2.48	2.48	0.00
Omega ratio Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio Return relative to maximum drawdown	2.88	4.30	-1.42
Martin ratio Return relative to average drawdown	5.43	10.45	-5.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CF vs. NTR.TO - Sharpe Ratio Comparison

The current CF Sharpe Ratio is 1.85, which is comparable to the NTR.TO Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of CF and NTR.TO, 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

	CF	NTR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	1.82	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.31	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.23	+0.26

Correlation

The correlation between CF and NTR.TO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CF vs. NTR.TO - Dividend Comparison

CF's dividend yield for the trailing twelve months is around 1.54%, less than NTR.TO's 2.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CF CF Industries Holdings, Inc.	1.54%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%
NTR.TO Nutrien Ltd.	2.14%	3.58%	4.63%	3.80%	3.05%	2.92%	3.96%	3.74%	3.36%	0.00%	0.00%	0.00%

Drawdowns

CF vs. NTR.TO - Drawdown Comparison

The maximum CF drawdown since its inception was -76.73%, which is greater than NTR.TO's maximum drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for CF and NTR.TO.

Drawdown Indicators

	CF	NTR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.73%	-54.00%	-22.73%
Max Drawdown (1Y) Largest decline over 1 year	-24.87%	-12.60%	-12.27%
Max Drawdown (5Y) Largest decline over 5 years	-48.36%	-54.00%	+5.64%
Max Drawdown (10Y) Largest decline over 10 years	-60.74%	—	—
Current Drawdown Current decline from peak	-5.64%	-16.50%	+10.86%
Average Drawdown Average peak-to-trough decline	-25.05%	-23.20%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.21%	4.79%	+8.42%

Volatility

CF vs. NTR.TO - Volatility Comparison

CF Industries Holdings, Inc. (CF) has a higher volatility of 21.71% compared to Nutrien Ltd. (NTR.TO) at 13.95%. This indicates that CF's price experiences larger fluctuations and is considered to be riskier than NTR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CF	NTR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.71%	13.95%	+7.76%
Volatility (6M) Calculated over the trailing 6-month period	29.72%	25.40%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	38.14%	31.08%	+7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	33.85%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.30%	34.12%	+6.18%

Financials

CF vs. NTR.TO - Profitability Comparison

The chart below illustrates the profitability comparison between CF Industries Holdings, Inc. and Nutrien Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CF Industries Holdings, Inc. reported a gross profit of 769.00M and revenue of 1.87B. Therefore, the gross margin over that period was 41.1%.

NTR.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported a gross profit of 1.92B and revenue of 5.42B. Therefore, the gross margin over that period was 35.4%.

CF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CF Industries Holdings, Inc. reported an operating income of 678.00M and revenue of 1.87B, resulting in an operating margin of 36.2%.

NTR.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported an operating income of 800.11M and revenue of 5.42B, resulting in an operating margin of 14.8%.

CF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CF Industries Holdings, Inc. reported a net income of 404.00M and revenue of 1.87B, resulting in a net margin of 21.6%.

NTR.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported a net income of 579.78M and revenue of 5.42B, resulting in a net margin of 10.7%.