CNQ.TO vs. USO
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ.TO) and United States Oil Fund LP (USO).
USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNQ.TO or USO.
Key characteristics
| CNQ.TO | USO | |
|---|---|---|
| YTD Return | 22.13% | 15.48% |
| 1Y Return | 44.98% | 20.19% |
| 3Y Return (Ann) | 43.05% | 19.76% |
| 5Y Return (Ann) | 30.59% | -5.96% |
| 10Y Return (Ann) | 14.10% | -12.74% |
| Sharpe Ratio | 1.82 | 0.72 |
| Daily Std Dev | 25.03% | 26.69% |
| Max Drawdown | -76.20% | -98.19% |
| Current Drawdown | -6.85% | -91.81% |
Correlation
The correlation between CNQ.TO and USO is 0.60, 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. USO - Performance Comparison
In the year-to-date period, CNQ.TO achieves a 22.13% return, which is significantly higher than USO's 15.48% return. Over the past 10 years, CNQ.TO has outperformed USO with an annualized return of 14.10%, while USO has yielded a comparatively lower -12.74% 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. USO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) and United States Oil Fund LP (USO). 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. USO - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.67%, while USO 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% |
USO United States 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. USO - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -76.20%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CNQ.TO and USO. For additional features, visit the drawdowns tool.
Volatility
CNQ.TO vs. USO - Volatility Comparison
The current volatility for Canadian Natural Resources Limited (CNQ.TO) is 4.97%, while United States Oil Fund LP (USO) has a volatility of 5.26%. This indicates that CNQ.TO experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.