CME vs. CNI
CME (CME Group Inc.) and CNI (Canadian National Railway Company) are both stocks. CME operates in Financial Data & Stock Exchanges (Financial Services), while CNI operates in Railroads (Industrials). Over the past 10 years, CME returned 15.38%/yr vs 9.51%/yr for CNI. At a 0.31 correlation, their price movements are largely independent.
Performance
CME vs. CNI - Performance Comparison
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Returns By Period
In the year-to-date period, CME achieves a 1.58% return, which is significantly lower than CNI's 21.78% return. Over the past 10 years, CME has outperformed CNI with an annualized return of 15.38%, while CNI has yielded a comparatively lower 9.51% annualized return.
CME
- 1D
- 2.80%
- 1M
- -8.82%
- YTD
- 1.58%
- 6M
- 1.41%
- 1Y
- 3.34%
- 3Y*
- 19.92%
- 5Y*
- 9.17%
- 10Y*
- 15.38%
CNI
- 1D
- 0.60%
- 1M
- 6.94%
- YTD
- 21.78%
- 6M
- 22.98%
- 1Y
- 15.90%
- 3Y*
- 3.44%
- 5Y*
- 3.57%
- 10Y*
- 9.51%
CME vs. CNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CME CME Group Inc. | 1.58% | 19.83% | 15.41% | 31.32% | -22.89% | 29.47% | -6.34% | 9.67% | 32.15% | 32.35% |
CNI Canadian National Railway Company | 21.78% | -0.10% | -17.51% | 7.84% | -1.86% | 13.70% | 23.66% | 24.26% | -8.49% | 25.03% |
Correlation
The correlation between CME and CNI is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2002 | 0.31 |
The correlation between CME and CNI shifts across timeframes, from -0.04 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CME:
$97.90B
CNI:
$72.80B
CME:
$11.75
CNI:
CA$7.60
CME:
22.94
CNI:
21.89
CME:
14.40
CNI:
5.96
CME:
3.68
CNI:
4.73
CME:
$6.76B
CNI:
CA$17.29B
CME:
$5.84B
CNI:
CA$7.64B
CME:
$5.69B
CNI:
CA$8.60B
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Return for Risk
CME vs. CNI — Risk / Return Rank
CME
CNI
CME vs. CNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CME Group Inc. (CME) and Canadian National Railway Company (CNI). 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.
| CME | CNI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.13 | -0.97 |
| Martin ratioReturn relative to average drawdown | 0.50 | 2.08 | -1.58 |
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Drawdowns
CME vs. CNI - Drawdown Comparison
The maximum CME drawdown since its inception was -77.50%, which is greater than CNI's maximum drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for CME and CNI.
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Drawdown Indicators
| CME | CNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.50% | -46.66% | -30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -21.42% | -14.15% | -7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -29.14% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -31.74% | -29.14% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.36% | -29.15% | -8.21% |
Current DrawdownCurrent decline from peak | -15.03% | -5.55% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -20.68% | -9.49% | -11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 7.68% | -0.98% |
Volatility
CME vs. CNI - Volatility Comparison
CME Group Inc. (CME) has a higher volatility of 10.45% compared to Canadian National Railway Company (CNI) at 4.12%. This indicates that CME's price experiences larger fluctuations and is considered to be riskier than CNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CME | CNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 4.12% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 17.30% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 21.90% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.15% | 22.38% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 22.67% | +1.26% |
Dividends
CME vs. CNI - Dividend Comparison
CME's dividend yield for the trailing twelve months is around 4.17%, more than CNI's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CME CME Group Inc. | 4.17% | 1.83% | 4.48% | 4.58% | 5.05% | 3.00% | 3.24% | 2.74% | 2.42% | 4.20% | 4.90% | 5.41% |
CNI Canadian National Railway Company | 2.20% | 2.58% | 2.43% | 1.85% | 1.41% | 1.61% | 1.59% | 1.79% | 2.01% | 2.00% | 2.23% | 2.24% |
Financials
CME vs. CNI - Financials Comparison
This section allows you to compare key financial metrics between CME Group Inc. and Canadian National Railway 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
CME vs. CNI - Profitability Comparison
CME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CME Group Inc. reported a gross profit of 1.66B and revenue of 1.88B. Therefore, the gross margin over that period was 88.1%.
CNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian National Railway Company reported a gross profit of 1.88B and revenue of 4.39B. Therefore, the gross margin over that period was 42.8%.
CME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CME Group Inc. reported an operating income of 1.31B and revenue of 1.88B, resulting in an operating margin of 69.7%.
CNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian National Railway Company reported an operating income of 1.55B and revenue of 4.39B, resulting in an operating margin of 35.4%.
CME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CME Group Inc. reported a net income of 1.15B and revenue of 1.88B, resulting in a net margin of 61.4%.
CNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian National Railway Company reported a net income of 1.15B and revenue of 4.39B, resulting in a net margin of 26.2%.
Frequently Asked Questions
CME and CNI have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CME has higher volatility (10.45%) compared to CNI (4.12%). In terms of maximum drawdown, CME dropped -77.50% vs CNI's -46.66%.
CNI currently has the higher Sharpe Ratio (0.73 vs 0.16), 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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