CNQ vs. AQN
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ) and Algonquin Power & Utilities Corp (AQN).
Performance
CNQ vs. AQN - Performance Comparison
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CNQ vs. AQN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 41.69% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
AQN Algonquin Power & Utilities Corp | 2.38% | 44.80% | -25.01% | 2.92% | -51.72% | -8.25% | 21.54% | 46.99% | -5.28% | 37.60% |
Fundamentals
CNQ:
$99.30B
AQN:
$4.83B
CNQ:
$5.19
AQN:
$0.23
CNQ:
9.17
AQN:
26.61
CNQ:
0.44
AQN:
0.20
CNQ:
2.39
AQN:
1.97
CNQ:
2.24
AQN:
1.09
CNQ:
$41.50B
AQN:
$2.44B
CNQ:
$12.51B
AQN:
$1.46B
CNQ:
$18.36B
AQN:
$939.49M
Returns By Period
In the year-to-date period, CNQ achieves a 41.69% return, which is significantly higher than AQN's 2.38% return. Over the past 10 years, CNQ has outperformed AQN with an annualized return of 20.07%, while AQN has yielded a comparatively lower 2.20% annualized return.
CNQ
- 1D
- 2.08%
- 1M
- 8.68%
- YTD
- 41.69%
- 6M
- 54.54%
- 1Y
- 58.66%
- 3Y*
- 22.81%
- 5Y*
- 31.58%
- 10Y*
- 20.07%
AQN
- 1D
- 1.47%
- 1M
- -9.53%
- YTD
- 2.38%
- 6M
- 11.43%
- 1Y
- 26.74%
- 3Y*
- -4.30%
- 5Y*
- -12.35%
- 10Y*
- 2.20%
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Return for Risk
CNQ vs. AQN — Risk / Return Rank
CNQ
AQN
CNQ vs. AQN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Algonquin Power & Utilities Corp (AQN). 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 | AQN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 0.80 | +1.06 |
Sortino ratioReturn per unit of downside risk | 2.44 | 1.47 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.07 | +0.88 |
Martin ratioReturn relative to average drawdown | 9.42 | 4.44 | +4.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNQ | AQN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.80 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | -0.41 | +1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.08 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.34 | +0.08 |
Correlation
The correlation between CNQ and AQN is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CNQ vs. AQN - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 3.66%, less than AQN's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 3.66% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
AQN Algonquin Power & Utilities Corp | 4.17% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
Drawdowns
CNQ vs. AQN - Drawdown Comparison
The maximum CNQ drawdown since its inception was -80.75%, which is greater than AQN's maximum drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for CNQ and AQN.
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Drawdown Indicators
| CNQ | AQN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -69.73% | -11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -12.89% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -68.21% | +32.36% |
Max Drawdown (10Y)Largest decline over 10 years | -77.84% | -69.73% | -8.11% |
Current DrawdownCurrent decline from peak | -5.12% | -52.98% | +47.86% |
Average DrawdownAverage peak-to-trough decline | -23.64% | -17.88% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 6.02% | +0.27% |
Volatility
CNQ vs. AQN - Volatility Comparison
The current volatility for Canadian Natural Resources Limited (CNQ) is 9.35%, while Algonquin Power & Utilities Corp (AQN) has a volatility of 13.70%. This indicates that CNQ experiences smaller price fluctuations and is considered to be less risky than AQN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNQ | AQN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 13.70% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 21.15% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.59% | 33.39% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.70% | 30.51% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.24% | 27.94% | +12.30% |
Financials
CNQ vs. AQN - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and Algonquin Power & Utilities Corp. 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 vs. AQN - Profitability Comparison
CNQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported a gross profit of 2.04B and revenue of 9.60B. Therefore, the gross margin over that period was 21.2%.
AQN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Algonquin Power & Utilities Corp reported a gross profit of 112.60M and revenue of 637.15M. Therefore, the gross margin over that period was 17.7%.
CNQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported an operating income of 1.79B and revenue of 9.60B, resulting in an operating margin of 18.7%.
AQN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Algonquin Power & Utilities Corp reported an operating income of 112.60M and revenue of 637.15M, resulting in an operating margin of 17.7%.
CNQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported a net income of 5.30B and revenue of 9.60B, resulting in a net margin of 55.2%.
AQN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Algonquin Power & Utilities Corp reported a net income of 21.32M and revenue of 637.15M, resulting in a net margin of 3.4%.