CNQ.TO vs. XEG.TO
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO).
XEG.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Capped Energy Index. It was launched on Mar 19, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNQ.TO or XEG.TO.
Key characteristics
| CNQ.TO | XEG.TO | |
|---|---|---|
| YTD Return | 2.88% | 8.88% |
| 1Y Return | 3.10% | -1.36% |
| 3Y Return (Ann) | 27.70% | 30.62% |
| 5Y Return (Ann) | 19.90% | 17.78% |
| 10Y Return (Ann) | 7.44% | 1.04% |
| Sharpe Ratio | 0.14 | -0.00 |
| Daily Std Dev | 25.99% | 22.55% |
| Max Drawdown | -79.68% | -87.73% |
| Current Drawdown | -21.11% | -15.04% |
Correlation
The correlation between CNQ.TO and XEG.TO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CNQ.TO vs. XEG.TO - Performance Comparison
In the year-to-date period, CNQ.TO achieves a 2.88% return, which is significantly lower than XEG.TO's 8.88% return. Over the past 10 years, CNQ.TO has outperformed XEG.TO with an annualized return of 7.44%, while XEG.TO has yielded a comparatively lower 1.04% 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. XEG.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.
Dividends
CNQ.TO vs. XEG.TO - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.60%, less than XEG.TO's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 3.60% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 3.70% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% | 2.56% | 2.32% |
Drawdowns
CNQ.TO vs. XEG.TO - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -79.68%, smaller than the maximum XEG.TO drawdown of -87.73%. Use the drawdown chart below to compare losses from any high point for CNQ.TO and XEG.TO. For additional features, visit the drawdowns tool.
Volatility
CNQ.TO vs. XEG.TO - Volatility Comparison
Canadian Natural Resources Limited (CNQ.TO) has a higher volatility of 8.12% compared to iShares S&P/TSX Capped Energy Index ETF (XEG.TO) at 6.73%. This indicates that CNQ.TO's price experiences larger fluctuations and is considered to be riskier than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.