CNQ.TO vs. AMZN
CNQ.TO (Canadian Natural Resources Limited) and AMZN (Amazon.com, Inc) are both stocks. CNQ.TO operates in Oil & Gas E&P (Energy), while AMZN operates in Internet Retail (Consumer Cyclical). Over the past 10 years, CNQ.TO returned 21.72%/yr vs 21.82%/yr for AMZN. At a 0.17 correlation, their price movements are largely independent.
Performance
CNQ.TO vs. AMZN - Performance Comparison
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Different Trading Currencies
CNQ.TO is traded in CAD, while AMZN is traded in USD. To make them comparable, the AMZN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNQ.TO achieves a 35.75% return, which is significantly higher than AMZN's 10.87% return. Both investments have delivered pretty close results over the past 10 years, with CNQ.TO having a 21.72% annualized return and AMZN not far ahead at 21.82%.
CNQ.TO
- 1D
- 0.75%
- 1M
- 6.62%
- 6M
- 31.34%
- YTD
- 35.75%
- 1Y
- 53.14%
- 3Y*
- 24.12%
- 5Y*
- 35.52%
- 10Y*
- 21.72%
- ALL TIME*
- 18.09%
AMZN
- 1D
- 0.99%
- 1M
- 1.71%
- 6M
- 5.53%
- YTD
- 10.87%
- 1Y
- 12.83%
- 3Y*
- 26.96%
- 5Y*
- 9.05%
- 10Y*
- 21.82%
- ALL TIME*
- 22.90%
CNQ.TO vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 35.75% | 10.42% | 8.27% | 26.98% | 63.10% | 91.26% | -12.94% | 38.84% | -21.36% | 10.89% |
AMZN Amazon.com, Inc | 10.87% | 0.41% | 56.62% | 76.58% | -46.42% | 2.33% | 72.07% | 17.96% | 39.23% | 45.40% |
Correlation
The correlation between CNQ.TO and AMZN is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | 0.17 |
The correlation between CNQ.TO and AMZN shifts across timeframes, from -0.16 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNQ.TO:
CA$129.06B
AMZN:
$2.69T
CNQ.TO:
CA$4.66
AMZN:
$8.36
CNQ.TO:
13.29
AMZN:
29.90
CNQ.TO:
0.64
AMZN:
0.72
CNQ.TO:
3.26
AMZN:
3.66
CNQ.TO:
2.91
AMZN:
6.15
CNQ.TO:
CA$39.61B
AMZN:
$742.78B
CNQ.TO:
CA$12.42B
AMZN:
$348.59B
CNQ.TO:
CA$17.78B
AMZN:
$152.71B
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Return for Risk
CNQ.TO vs. AMZN — Risk / Return Rank
CNQ.TO
AMZN
CNQ.TO vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) and Amazon.com, Inc (AMZN). 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.
| CNQ.TO | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.10 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 0.54 | +2.32 |
| Martin ratioReturn relative to average drawdown | 7.81 | 1.24 | +6.57 |
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Drawdowns
CNQ.TO vs. AMZN - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -74.63%, which is greater than AMZN's maximum drawdown of -63.03%. Use the drawdown chart below to compare losses from any high point for CNQ.TO and AMZN.
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Drawdown Indicators
| CNQ.TO | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.63% | -63.03% | -11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -18.68% | -24.00% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -31.53% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -52.52% | +19.40% |
Max Drawdown (10Y)Largest decline over 10 years | -74.63% | -52.52% | -22.11% |
Current DrawdownCurrent decline from peak | -9.96% | -7.60% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -15.64% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | 10.38% | -3.55% |
Volatility
CNQ.TO vs. AMZN - Volatility Comparison
The current volatility for Canadian Natural Resources Limited (CNQ.TO) is 7.98%, while Amazon.com, Inc (AMZN) has a volatility of 8.73%. This indicates that CNQ.TO experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNQ.TO | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 8.73% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.33% | 21.83% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.40% | 31.20% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.56% | 36.11% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.14% | 33.21% | +4.93% |
Dividends
CNQ.TO vs. AMZN - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.92%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNQ.TO Canadian Natural Resources Limited | 3.92% | 5.05% | 6.00% | 8.53% | 12.23% | 7.63% | 11.35% | 7.29% | 8.31% | 5.00% | 4.49% | 6.22% |
Financials
CNQ.TO vs. AMZN - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and Amazon.com, Inc. 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
CNQ.TO vs. AMZN - Profitability Comparison
CNQ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
AMZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Amazon.com, Inc reported a gross profit of 66.77B and revenue of 181.52B. Therefore, the gross margin over that period was 36.8%.
CNQ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
AMZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Amazon.com, Inc reported an operating income of 23.85B and revenue of 181.52B, resulting in an operating margin of 13.1%.
CNQ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
AMZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Amazon.com, Inc reported a net income of 30.26B and revenue of 181.52B, resulting in a net margin of 16.7%.
Frequently Asked Questions
CNQ.TO and AMZN 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.
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