CNQ.TO vs. ASML
CNQ.TO (Canadian Natural Resources Limited) and ASML (ASML Holding N.V.) are both stocks. CNQ.TO operates in Oil & Gas E&P (Energy), while ASML operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, CNQ.TO returned 23.43%/yr vs 37.19%/yr for ASML. At a 0.27 correlation, their price movements are largely independent.
Performance
CNQ.TO vs. ASML - Performance Comparison
Loading charts...
Different Trading Currencies
CNQ.TO is traded in CAD, while ASML is traded in USD. To make them comparable, the ASML 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 37.61% return, which is significantly lower than ASML's 78.53% return. Over the past 10 years, CNQ.TO has underperformed ASML with an annualized return of 23.43%, while ASML has yielded a comparatively higher 37.19% annualized return.
CNQ.TO
- 1D
- -0.19%
- 1M
- -1.99%
- YTD
- 37.61%
- 6M
- 40.79%
- 1Y
- 47.63%
- 3Y*
- 27.02%
- 5Y*
- 33.86%
- 10Y*
- 23.43%
ASML
- 1D
- -1.61%
- 1M
- 20.32%
- YTD
- 78.53%
- 6M
- 75.68%
- 1Y
- 144.51%
- 3Y*
- 39.70%
- 5Y*
- 26.60%
- 10Y*
- 37.19%
CNQ.TO vs. ASML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 37.61% | 10.42% | 8.27% | 26.98% | 63.10% | 91.26% | -12.94% | 38.84% | -21.36% | 10.89% |
ASML ASML Holding N.V. | 78.53% | 49.36% | 0.12% | 36.58% | -26.08% | 64.05% | 62.12% | 85.59% | -2.21% | 45.65% |
Correlation
The correlation between CNQ.TO and ASML is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.27 |
The correlation between CNQ.TO and ASML shifts across timeframes, from -0.15 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNQ.TO:
CA$132.89B
ASML:
$718.77B
CNQ.TO:
CA$4.65
ASML:
€25.86
CNQ.TO:
13.64
ASML:
62.30
CNQ.TO:
0.66
ASML:
4.10
CNQ.TO:
3.34
ASML:
18.51
CNQ.TO:
2.98
ASML:
29.83
CNQ.TO:
CA$39.61B
ASML:
€33.69B
CNQ.TO:
CA$12.42B
ASML:
€17.72B
CNQ.TO:
CA$17.78B
ASML:
€12.99B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CNQ.TO vs. ASML — Risk / Return Rank
CNQ.TO
ASML
CNQ.TO vs. ASML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) and ASML Holding N.V. (ASML). 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 | ASML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 8.73 | -5.61 |
| Martin ratioReturn relative to average drawdown | 7.98 | 22.16 | -14.18 |
Loading charts...
Drawdowns
CNQ.TO vs. ASML - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -74.63%, which is greater than ASML's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for CNQ.TO and ASML.
Loading charts...
Drawdown Indicators
| CNQ.TO | ASML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.63% | -53.20% | -21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -16.66% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -42.95% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -53.20% | +20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -74.63% | -53.20% | -21.43% |
Current DrawdownCurrent decline from peak | -8.72% | -1.61% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -17.63% | -13.57% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 6.56% | -0.58% |
Volatility
CNQ.TO vs. ASML - Volatility Comparison
The current volatility for Canadian Natural Resources Limited (CNQ.TO) is 8.91%, while ASML Holding N.V. (ASML) has a volatility of 17.32%. This indicates that CNQ.TO experiences smaller price fluctuations and is considered to be less risky than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CNQ.TO | ASML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 17.32% | -8.41% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 34.81% | -10.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.98% | 42.83% | -13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.61% | 42.88% | -12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.12% | 39.35% | -1.23% |
Dividends
CNQ.TO vs. ASML - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.77%, more than ASML's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML ASML Holding N.V. | 0.47% | 0.97% | 0.97% | 0.86% | 1.27% | 0.50% | 0.50% | 1.40% | 0.94% | 0.64% | 0.92% | 0.73% |
CNQ.TO Canadian Natural Resources Limited | 3.77% | 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. ASML - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and ASML Holding N.V.. 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. ASML - Profitability Comparison
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%.
ASML - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.
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%.
ASML - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.
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%.
ASML - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.
Frequently Asked Questions
CNQ.TO and ASML have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CNQ.TO and ASML
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer