CNQ.TO vs. WSP.TO
CNQ.TO (Canadian Natural Resources Limited) and WSP.TO (WSP Global Inc.) are both stocks. CNQ.TO operates in Oil & Gas E&P (Energy), while WSP.TO operates in Engineering & Construction (Industrials). Over the past 10 years, CNQ.TO returned 23.43%/yr vs 18.26%/yr for WSP.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
CNQ.TO vs. WSP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNQ.TO achieves a 37.61% return, which is significantly higher than WSP.TO's -26.26% return. Over the past 10 years, CNQ.TO has outperformed WSP.TO with an annualized return of 23.43%, while WSP.TO has yielded a comparatively lower 18.26% 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%
WSP.TO
- 1D
- -0.45%
- 1M
- -5.70%
- YTD
- -26.26%
- 6M
- -23.95%
- 1Y
- -33.05%
- 3Y*
- 2.32%
- 5Y*
- 6.52%
- 10Y*
- 18.26%
CNQ.TO vs. WSP.TO - 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% |
WSP.TO WSP Global Inc. | -26.26% | -1.18% | 37.07% | 19.24% | -13.60% | 53.84% | 38.33% | 54.10% | 0.28% | 37.94% |
Correlation
The correlation between CNQ.TO and WSP.TO is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
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 | 0.21 |
The correlation between CNQ.TO and WSP.TO shifts across timeframes, from -0.17 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNQ.TO:
CA$132.89B
WSP.TO:
CA$24.71B
CNQ.TO:
CA$4.65
WSP.TO:
CA$7.30
CNQ.TO:
13.64
WSP.TO:
25.05
CNQ.TO:
0.66
WSP.TO:
1.43
CNQ.TO:
3.34
WSP.TO:
1.31
CNQ.TO:
2.98
WSP.TO:
2.46
CNQ.TO:
CA$39.61B
WSP.TO:
CA$18.45B
CNQ.TO:
CA$12.42B
WSP.TO:
CA$3.18B
CNQ.TO:
CA$17.78B
WSP.TO:
CA$2.56B
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Return for Risk
CNQ.TO vs. WSP.TO — Risk / Return Rank
CNQ.TO
WSP.TO
CNQ.TO vs. WSP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) and WSP Global Inc. (WSP.TO). 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 | WSP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.77 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | -0.89 | +4.02 |
| Martin ratioReturn relative to average drawdown | 7.98 | -1.96 | +9.94 |
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Drawdowns
CNQ.TO vs. WSP.TO - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -74.63%, which is greater than WSP.TO's maximum drawdown of -45.04%. Use the drawdown chart below to compare losses from any high point for CNQ.TO and WSP.TO.
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Drawdown Indicators
| CNQ.TO | WSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.63% | -45.04% | -29.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -37.09% | +21.76% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -37.09% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -37.09% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -74.63% | -37.11% | -37.52% |
Current DrawdownCurrent decline from peak | -8.72% | -36.93% | +28.21% |
Average DrawdownAverage peak-to-trough decline | -17.63% | -10.58% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 16.92% | -10.94% |
Volatility
CNQ.TO vs. WSP.TO - Volatility Comparison
Canadian Natural Resources Limited (CNQ.TO) has a higher volatility of 8.91% compared to WSP Global Inc. (WSP.TO) at 8.07%. This indicates that CNQ.TO's price experiences larger fluctuations and is considered to be riskier than WSP.TO 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 | WSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 8.07% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 23.66% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.98% | 26.74% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.61% | 23.71% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.12% | 24.32% | +13.80% |
Dividends
CNQ.TO vs. WSP.TO - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.77%, more than WSP.TO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WSP.TO WSP Global Inc. | 0.82% | 0.60% | 0.59% | 0.81% | 0.95% | 0.82% | 1.24% | 1.69% | 2.56% | 2.50% | 3.36% | 3.53% |
Financials
CNQ.TO vs. WSP.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and WSP Global 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. WSP.TO - 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%.
WSP.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, WSP Global Inc. reported a gross profit of 813.10M and revenue of 4.55B. Therefore, the gross margin over that period was 17.9%.
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%.
WSP.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, WSP Global Inc. reported an operating income of 416.50M and revenue of 4.55B, resulting in an operating margin of 9.2%.
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%.
WSP.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, WSP Global Inc. reported a net income of 144.10M and revenue of 4.55B, resulting in a net margin of 3.2%.
Frequently Asked Questions
CNQ.TO and WSP.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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