CNQ vs. CALM
CNQ (Canadian Natural Resources Limited) and CALM (Cal-Maine Foods, Inc.) are both stocks. CNQ operates in Oil & Gas E&P (Energy), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, CNQ returned 18.22%/yr vs 9.13%/yr for CALM. At a 0.15 correlation, their price movements are largely independent.
Performance
CNQ vs. CALM - Performance Comparison
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Returns By Period
In the year-to-date period, CNQ achieves a 37.99% return, which is significantly higher than CALM's -2.78% return. Over the past 10 years, CNQ has outperformed CALM with an annualized return of 18.22%, while CALM has yielded a comparatively lower 9.13% annualized return.
CNQ
- 1D
- 1.29%
- 1M
- 3.95%
- YTD
- 37.99%
- 6M
- 38.89%
- 1Y
- 53.83%
- 3Y*
- 23.71%
- 5Y*
- 26.79%
- 10Y*
- 18.22%
CALM
- 1D
- 0.91%
- 1M
- 0.33%
- YTD
- -2.78%
- 6M
- -9.32%
- 1Y
- -18.13%
- 3Y*
- 21.90%
- 5Y*
- 21.90%
- 10Y*
- 9.13%
CNQ vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 37.99% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
CALM Cal-Maine Foods, Inc. | -2.78% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between CNQ and CALM is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2000 | 0.15 |
Fundamentals
CNQ:
$97.03B
CALM:
$3.62B
CNQ:
$4.65
CALM:
$14.48
CNQ:
9.95
CALM:
5.27
CNQ:
0.48
CALM:
0.00
CNQ:
2.37
CALM:
1.06
CNQ:
2.17
CALM:
1.34
CNQ:
$40.74B
CALM:
$3.46B
CNQ:
$12.53B
CALM:
$1.17B
CNQ:
$22.99B
CALM:
$1.05B
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Return for Risk
CNQ vs. CALM — Risk / Return Rank
CNQ
CALM
CNQ vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Cal-Maine Foods, Inc. (CALM). 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 | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | -0.49 | +4.31 |
| Martin ratioReturn relative to average drawdown | 8.73 | -0.77 | +9.50 |
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 | CALM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.55 | +2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.68 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.29 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.38 | +0.03 |
Drawdowns
CNQ vs. CALM - Drawdown Comparison
The maximum CNQ drawdown since its inception was -80.75%, which is greater than CALM's maximum drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for CNQ and CALM.
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Drawdown Indicators
| CNQ | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -74.08% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -37.00% | +22.84% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -37.00% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -37.00% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -77.84% | -39.12% | -38.72% |
Current DrawdownCurrent decline from peak | -7.60% | -32.72% | +25.12% |
Average DrawdownAverage peak-to-trough decline | -23.52% | -30.31% | +6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 23.64% | -17.46% |
Volatility
CNQ vs. CALM - Volatility Comparison
Canadian Natural Resources Limited (CNQ) has a higher volatility of 8.80% compared to Cal-Maine Foods, Inc. (CALM) at 7.03%. This indicates that CNQ's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNQ | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 7.03% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 23.90% | 20.18% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.96% | 33.13% | -4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.84% | 32.59% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.26% | 31.16% | +9.10% |
Dividends
CNQ vs. CALM - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 3.76%, less than CALM's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.29% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
CNQ Canadian Natural Resources Limited | 3.76% | 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. CALM - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and Cal-Maine Foods, 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 vs. CALM - Profitability Comparison
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%.
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
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%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
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%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
Frequently Asked Questions
CNQ and CALM have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNQ has higher volatility (8.80%) compared to CALM (7.03%). In terms of maximum drawdown, CNQ dropped -80.75% vs CALM's -74.08%.
CNQ currently has the higher Sharpe Ratio (1.87 vs -0.55), 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.
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