CNQ.TO vs. BNO
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ.TO) and United States Brent Oil Fund LP (BNO).
BNO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Brent Crude Oil. It was launched on Jun 2, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNQ.TO or BNO.
Key characteristics
| CNQ.TO | BNO | |
|---|---|---|
| YTD Return | 22.13% | 14.43% |
| 1Y Return | 44.98% | 22.26% |
| 3Y Return (Ann) | 43.05% | 21.35% |
| 5Y Return (Ann) | 30.59% | 8.59% |
| 10Y Return (Ann) | 14.10% | -3.39% |
| Sharpe Ratio | 1.82 | 0.81 |
| Daily Std Dev | 25.03% | 25.67% |
| Max Drawdown | -76.20% | -87.06% |
| Current Drawdown | -6.85% | -32.72% |
Correlation
The correlation between CNQ.TO and BNO is 0.56, 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.
Performance
CNQ.TO vs. BNO - Performance Comparison
In the year-to-date period, CNQ.TO achieves a 22.13% return, which is significantly higher than BNO's 14.43% return. Over the past 10 years, CNQ.TO has outperformed BNO with an annualized return of 14.10%, while BNO has yielded a comparatively lower -3.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CNQ.TO vs. BNO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) and United States Brent Oil Fund LP (BNO). 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.
Dividends
CNQ.TO vs. BNO - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.67%, while BNO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 3.67% | 4.26% | 6.08% | 3.66% | 5.44% | 3.50% | 3.98% | 2.40% | 2.15% | 3.02% | 2.49% | 1.59% |
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNQ.TO vs. BNO - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -76.20%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for CNQ.TO and BNO. For additional features, visit the drawdowns tool.
Volatility
CNQ.TO vs. BNO - Volatility Comparison
Canadian Natural Resources Limited (CNQ.TO) and United States Brent Oil Fund LP (BNO) have volatilities of 4.97% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.