CNI vs. BAESY
CNI (Canadian National Railway Company) and BAESY (BAE Systems PLC) are both stocks. Both are in the Industrials sector — CNI in Railroads, BAESY in Aerospace & Defense. Over the past 10 years, CNI returned 9.51%/yr vs 18.72%/yr for BAESY. At a 0.34 correlation, their price movements are largely independent.
Performance
CNI vs. BAESY - Performance Comparison
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Returns By Period
In the year-to-date period, CNI achieves a 21.78% return, which is significantly higher than BAESY's 11.25% return. Over the past 10 years, CNI has underperformed BAESY with an annualized return of 9.51%, while BAESY has yielded a comparatively higher 18.72% annualized return.
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%
BAESY
- 1D
- -4.00%
- 1M
- -1.83%
- YTD
- 11.25%
- 6M
- 13.51%
- 1Y
- 0.44%
- 3Y*
- 30.63%
- 5Y*
- 30.61%
- 10Y*
- 18.72%
CNI vs. BAESY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BAESY BAE Systems PLC | 11.25% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
Correlation
The correlation between CNI and BAESY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.35 |
The correlation between CNI and BAESY shifts across timeframes, from 0.16 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNI:
$72.80B
BAESY:
$77.52B
CNI:
CA$7.60
BAESY:
£5.29
CNI:
21.89
BAESY:
14.41
CNI:
5.96
BAESY:
1.06
CNI:
4.73
BAESY:
4.92
CNI:
CA$17.29B
BAESY:
£54.56B
CNI:
CA$7.64B
BAESY:
£19.72B
CNI:
CA$8.60B
BAESY:
£7.74B
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Return for Risk
CNI vs. BAESY — Risk / Return Rank
CNI
BAESY
CNI vs. BAESY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian National Railway Company (CNI) and BAE Systems PLC (BAESY). 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.
| CNI | BAESY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.02 | +1.11 |
| Martin ratioReturn relative to average drawdown | 2.08 | 0.04 | +2.03 |
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Drawdowns
CNI vs. BAESY - Drawdown Comparison
The maximum CNI drawdown since its inception was -46.66%, smaller than the maximum BAESY drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for CNI and BAESY.
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Drawdown Indicators
| CNI | BAESY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.66% | -59.20% | +12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -23.59% | +9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -23.59% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.14% | -23.59% | -5.55% |
Max Drawdown (10Y)Largest decline over 10 years | -29.15% | -42.13% | +12.98% |
Current DrawdownCurrent decline from peak | -5.55% | -16.92% | +11.37% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -19.32% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.68% | 10.17% | -2.49% |
Volatility
CNI vs. BAESY - Volatility Comparison
The current volatility for Canadian National Railway Company (CNI) is 4.12%, while BAE Systems PLC (BAESY) has a volatility of 10.68%. This indicates that CNI experiences smaller price fluctuations and is considered to be less risky than BAESY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNI | BAESY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 10.68% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | 25.10% | -7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 31.92% | -10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 28.12% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 27.90% | -5.23% |
Dividends
CNI vs. BAESY - Dividend Comparison
CNI's dividend yield for the trailing twelve months is around 2.20%, more than BAESY's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 1.90% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
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
CNI vs. BAESY - Financials Comparison
This section allows you to compare key financial metrics between Canadian National Railway Company and BAE Systems PLC. 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
CNI vs. BAESY - Profitability Comparison
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%.
BAESY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.
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%.
BAESY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
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%.
BAESY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.
Frequently Asked Questions
CNI and BAESY have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAESY has higher volatility (10.68%) compared to CNI (4.12%). In terms of maximum drawdown, CNI dropped -46.66% vs BAESY's -59.20%.
CNI currently has the higher Sharpe Ratio (0.73 vs 0.01), 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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