CNQ vs. CIVI

Last updated Jun 4, 2026

CNQ (Canadian Natural Resources Limited) and CIVI (Civitas Resources, Inc.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

CNQ vs. CIVI - Performance Comparison

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

Returns By Period

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%

CIVI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNQ vs. CIVI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNQ Canadian Natural Resources Limited	42.17%	15.58%	-1.31%	23.72%	42.82%	83.55%	-19.06%	39.72%	-29.92%	15.97%
CIVI Civitas Resources, Inc.	1.07%	-37.07%	-27.22%	31.55%	31.00%	159.28%	-17.18%	12.92%	-25.08%	-75.76%

Correlation

The correlation between CNQ and CIVI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 16, 2011	0.55

The correlation between CNQ and CIVI shifts across timeframes, from 0.38 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CNQ : $99.96B CIVI : $2.44B
EPS CNQ : $4.65 CIVI : $7.03
PE Ratio CNQ : 10.25 CIVI : 3.90
PEG Ratio CNQ : 0.49 CIVI : 0.10
PS Ratio CNQ : 2.44 CIVI : 0.53
PB Ratio CNQ : 2.23 CIVI : 0.36
Total Revenue (TTM) CNQ : $40.74B CIVI : $4.71B
Gross Profit (TTM) CNQ : $12.53B CIVI : $2.06B
EBITDA (TTM) CNQ : $22.99B CIVI : $3.26B

Return for Risk

CNQ vs. CIVI — 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

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. CIVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Civitas Resources, Inc. (CIVI). 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	CIVI	Difference
Sharpe ratio Return per unit of total volatility	2.07	—	—
Sortino ratio Return per unit of downside risk	2.55	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	4.20	—	—
Martin ratio Return relative to average drawdown	9.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CNQ	CIVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
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	—	—

Drawdowns

Drawdown Indicators

	CNQ	CIVI	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-35.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.84%	—	—
Current Drawdown Current decline from peak	-4.80%	—	—
Average Drawdown Average peak-to-trough decline	-23.53%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	—	—

Volatility

Volatility by Period

	CNQ	CIVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.27%	—	—

Dividends

CNQ vs. CIVI - Dividend Comparison

CNQ's dividend yield for the trailing twelve months is around 3.65%, less than CIVI's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIVI Civitas Resources, Inc.	5.48%	7.38%	10.83%	11.11%	10.85%	2.37%	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. CIVI - Profitability Comparison

The chart below illustrates the profitability comparison between Canadian Natural Resources Limited and Civitas Resources, Inc. 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%.

CIVI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Civitas Resources, Inc. reported a gross profit of 828.00M and revenue of 1.17B. Therefore, the gross margin over that period was 70.9%.

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%.

CIVI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Civitas Resources, Inc. reported an operating income of 778.00M and revenue of 1.17B, resulting in an operating margin of 66.6%.

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%.

CIVI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Civitas Resources, Inc. reported a net income of 177.00M and revenue of 1.17B, resulting in a net margin of 15.2%.

Frequently Asked Questions

Can I hold both CNQ and CIVI in my portfolio?

CNQ and CIVI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.