CNQ vs. ALAR

Last updated Jun 4, 2026

CNQ (Canadian Natural Resources Limited) and ALAR (Alarum Technologies Ltd.) are both stocks. CNQ operates in Oil & Gas E&P (Energy), while ALAR operates in Software - Infrastructure (Technology). Over the past 5 years, CNQ returned 27.16%/yr vs -7.18%/yr for ALAR. At a 0.13 correlation, their price movements are largely independent.

Performance

CNQ vs. ALAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Natural Resources Limited (CNQ) and Alarum Technologies Ltd. (ALAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQ achieves a 42.17% return, which is significantly higher than ALAR's 10.84% return.

CNQ

• 1D: 1.02%
• 1M: 0.23%
• YTD: 42.17%
• 6M: 42.84%
• 1Y: 59.14%
• 3Y*: 25.18%
• 5Y*: 27.16%
• 10Y*: 18.26%

ALAR

• 1D: -5.09%
• 1M: 36.64%
• YTD: 10.84%
• 6M: 7.58%
• 1Y: 34.51%
• 3Y*: 55.08%
• 5Y*: -7.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNQ vs. ALAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CNQ Canadian Natural Resources Limited	42.17%	15.58%	-1.31%	23.72%	42.82%	83.55%	-19.06%	39.72%	-29.57%
ALAR Alarum Technologies Ltd.	10.84%	-19.13%	36.73%	223.33%	-66.20%	-50.00%	-53.14%	-94.90%	-80.59%

Correlation

The correlation between CNQ and ALAR is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018	0.13

The correlation between CNQ and ALAR shifts across timeframes, from -0.09 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CNQ : $99.96B ALAR : $56.39M
EPS CNQ : $4.65 ALAR : $0.15
PE Ratio CNQ : 10.25 ALAR : 62.68
PEG Ratio CNQ : 0.49 ALAR : 0.19
PS Ratio CNQ : 2.44 ALAR : 1.59
PB Ratio CNQ : 2.23 ALAR : 1.69
Total Revenue (TTM) CNQ : $40.74B ALAR : $45.33M
Gross Profit (TTM) CNQ : $12.53B ALAR : $26.25M
EBITDA (TTM) CNQ : $22.99B ALAR : $2.16M

Return for Risk

CNQ vs. ALAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNQ

CNQ Risk / Return Rank: 85
CNQ Sharpe Ratio Rank: 88
CNQ Sortino Ratio Rank: 83
CNQ Omega Ratio Rank: 82
CNQ Calmar Ratio Rank: 88
CNQ Martin Ratio Rank: 86

ALAR

ALAR Risk / Return Rank: 55
ALAR Sharpe Ratio Rank: 55
ALAR Sortino Ratio Rank: 61
ALAR Omega Ratio Rank: 58
ALAR Calmar Ratio Rank: 52
ALAR Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNQ vs. ALAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Alarum Technologies Ltd. (ALAR). 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.

	CNQ	ALAR	Difference
Sharpe ratio Return per unit of total volatility	2.07	0.40	+1.67
Sortino ratio Return per unit of downside risk	2.55	1.34	+1.21
Omega ratio Gain probability vs. loss probability	1.33	1.16	+0.17
Calmar ratio Return relative to maximum drawdown	4.20	0.52	+3.68
Martin ratio Return relative to average drawdown	9.68	0.84	+8.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNQ vs. ALAR - Sharpe Ratio Comparison

The current CNQ Sharpe Ratio is 2.07, which is higher than the ALAR Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of CNQ and ALAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CNQ	ALAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.40	+1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	-0.07	+0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	-0.50	+0.91

Drawdowns

CNQ vs. ALAR - Drawdown Comparison

The maximum CNQ drawdown since its inception was -80.75%, smaller than the maximum ALAR drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for CNQ and ALAR.

Drawdown Indicators

	CNQ	ALAR	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	-99.95%	+19.20%
Max Drawdown (1Y) Largest decline over 1 year	-14.16%	-67.10%	+52.94%
Max Drawdown (3Y) Largest decline over 3 years	-35.85%	-87.82%	+51.97%
Max Drawdown (5Y) Largest decline over 5 years	-35.85%	-90.61%	+54.76%
Max Drawdown (10Y) Largest decline over 10 years	-77.84%	—	—
Current Drawdown Current decline from peak	-4.80%	-99.69%	+94.89%
Average Drawdown Average peak-to-trough decline	-23.53%	-95.62%	+72.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	41.02%	-34.89%

Volatility

CNQ vs. ALAR - Volatility Comparison

The current volatility for Canadian Natural Resources Limited (CNQ) is 9.27%, while Alarum Technologies Ltd. (ALAR) has a volatility of 34.42%. This indicates that CNQ experiences smaller price fluctuations and is considered to be less risky than ALAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNQ	ALAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	34.42%	-25.15%
Volatility (6M) Calculated over the trailing 6-month period	23.57%	54.42%	-30.85%
Volatility (1Y) Calculated over the trailing 1-year period	28.73%	86.36%	-57.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.79%	97.04%	-64.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.27%	104.85%	-64.58%

Dividends

CNQ vs. ALAR - Dividend Comparison

CNQ's dividend yield for the trailing twelve months is around 3.65%, while ALAR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALAR Alarum Technologies Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNQ Canadian Natural Resources Limited	3.65%	5.01%	5.02%	4.17%	6.31%	3.78%	5.26%	3.49%	4.56%	3.08%	2.94%	4.21%

Financials

CNQ vs. ALAR - Profitability Comparison

The chart below illustrates the profitability comparison between Canadian Natural Resources Limited and Alarum Technologies Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CNQ - 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 3.48B and revenue of 10.84B. Therefore, the gross margin over that period was 32.1%.

ALAR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alarum Technologies Ltd. reported a gross profit of 7.23M and revenue of 11.71M. Therefore, the gross margin over that period was 61.7%.

CNQ - 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 2.68B and revenue of 10.84B, resulting in an operating margin of 24.7%.

ALAR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alarum Technologies Ltd. reported an operating income of 809.00K and revenue of 11.71M, resulting in an operating margin of 6.9%.

CNQ - 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 10.84B, resulting in a net margin of 12.5%.

ALAR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alarum Technologies Ltd. reported a net income of 593.00K and revenue of 11.71M, resulting in a net margin of 5.1%.

Frequently Asked Questions

Can I hold both CNQ and ALAR in my portfolio?

CNQ and ALAR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNQ or ALAR?

ALAR has higher volatility (34.42%) compared to CNQ (9.27%). In terms of maximum drawdown, CNQ dropped -80.75% vs ALAR's -99.95%.

Which has better risk-adjusted returns?

CNQ currently has the higher Sharpe Ratio (2.07 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.