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CNQ vs. CVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between CNQ and CVE is 0.75, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

CNQ vs. CVE - Performance Comparison

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

-50.00%0.00%50.00%100.00%150.00%200.00%250.00%300.00%NovemberDecember2025FebruaryMarchApril
199.56%
-25.66%
CNQ
CVE

Key characteristics

Sharpe Ratio

CNQ:

-0.75

CVE:

-1.11

Sortino Ratio

CNQ:

-0.90

CVE:

-1.50

Omega Ratio

CNQ:

0.89

CVE:

0.81

Calmar Ratio

CNQ:

-0.60

CVE:

-0.59

Martin Ratio

CNQ:

-1.16

CVE:

-1.55

Ulcer Index

CNQ:

16.97%

CVE:

22.19%

Daily Std Dev

CNQ:

26.40%

CVE:

31.04%

Max Drawdown

CNQ:

-81.12%

CVE:

-95.01%

Current Drawdown

CNQ:

-23.80%

CVE:

-55.92%

Fundamentals

Market Cap

CNQ:

$62.85B

CVE:

$23.48B

EPS

CNQ:

$1.98

CVE:

$1.16

PE Ratio

CNQ:

15.08

CVE:

11.11

PEG Ratio

CNQ:

12.75

CVE:

0.45

Total Revenue (TTM)

CNQ:

$28.92B

CVE:

$44.33B

Gross Profit (TTM)

CNQ:

$10.43B

CVE:

$8.42B

EBITDA (TTM)

CNQ:

$13.15B

CVE:

$6.68B

Returns By Period

In the year-to-date period, CNQ achieves a -1.96% return, which is significantly higher than CVE's -14.08% return. Over the past 10 years, CNQ has outperformed CVE with an annualized return of 11.50%, while CVE has yielded a comparatively lower -1.13% annualized return.


CNQ

YTD

-1.96%

1M

12.38%

6M

-13.17%

1Y

-20.98%

5Y*

42.36%

10Y*

11.50%

CVE

YTD

-14.08%

1M

6.34%

6M

-26.42%

1Y

-36.18%

5Y*

42.34%

10Y*

-1.13%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

CNQ vs. CVE — Risk-Adjusted Performance Rank

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

CNQ
The Risk-Adjusted Performance Rank of CNQ is 1919
Overall Rank
The Sharpe Ratio Rank of CNQ is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of CNQ is 1818
Sortino Ratio Rank
The Omega Ratio Rank of CNQ is 1919
Omega Ratio Rank
The Calmar Ratio Rank of CNQ is 1717
Calmar Ratio Rank
The Martin Ratio Rank of CNQ is 2626
Martin Ratio Rank

CVE
The Risk-Adjusted Performance Rank of CVE is 1010
Overall Rank
The Sharpe Ratio Rank of CVE is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of CVE is 88
Sortino Ratio Rank
The Omega Ratio Rank of CVE is 99
Omega Ratio Rank
The Calmar Ratio Rank of CVE is 1818
Calmar Ratio Rank
The Martin Ratio Rank of CVE is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CNQ vs. CVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Cenovus Energy Inc. (CVE). 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.


Sharpe ratio
The chart of Sharpe ratio for CNQ, currently valued at -0.75, compared to the broader market-2.00-1.000.001.002.003.00
CNQ: -0.75
CVE: -1.11
The chart of Sortino ratio for CNQ, currently valued at -0.90, compared to the broader market-6.00-4.00-2.000.002.004.00
CNQ: -0.90
CVE: -1.50
The chart of Omega ratio for CNQ, currently valued at 0.89, compared to the broader market0.501.001.502.00
CNQ: 0.89
CVE: 0.81
The chart of Calmar ratio for CNQ, currently valued at -0.60, compared to the broader market0.001.002.003.004.005.00
CNQ: -0.60
CVE: -0.59
The chart of Martin ratio for CNQ, currently valued at -1.16, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
CNQ: -1.16
CVE: -1.55

The current CNQ Sharpe Ratio is -0.75, which is higher than the CVE Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of CNQ and CVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
-0.75
-1.11
CNQ
CVE

Dividends

CNQ vs. CVE - Dividend Comparison

CNQ's dividend yield for the trailing twelve months is around 5.25%, more than CVE's 4.78% yield.


TTM20242023202220212020201920182017201620152014
CNQ
Canadian Natural Resources Limited
5.25%5.02%4.17%6.31%3.70%5.15%3.42%5.92%2.34%2.19%3.20%2.59%
CVE
Cenovus Energy Inc.
4.78%3.92%2.33%1.81%0.57%0.75%1.58%2.17%1.70%1.01%5.25%4.64%

Drawdowns

CNQ vs. CVE - Drawdown Comparison

The maximum CNQ drawdown since its inception was -81.12%, smaller than the maximum CVE drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for CNQ and CVE. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2025FebruaryMarchApril
-23.80%
-55.92%
CNQ
CVE

Volatility

CNQ vs. CVE - Volatility Comparison

The current volatility for Canadian Natural Resources Limited (CNQ) is 7.94%, while Cenovus Energy Inc. (CVE) has a volatility of 11.92%. This indicates that CNQ experiences smaller price fluctuations and is considered to be less risky than CVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
7.94%
11.92%
CNQ
CVE

Financials

CNQ vs. CVE - Financials Comparison

This section allows you to compare key financial metrics between Canadian Natural Resources Limited and Cenovus Energy 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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