CNQ vs. CVE
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ) and Cenovus Energy Inc. (CVE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNQ or CVE.
Correlation
The correlation between CNQ and CVE is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CNQ vs. CVE - Performance Comparison
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Key characteristics
CNQ:
-0.52
CVE:
-0.82
CNQ:
-0.47
CVE:
-1.01
CNQ:
0.94
CVE:
0.87
CNQ:
-0.42
CVE:
-0.49
CNQ:
-1.02
CVE:
-1.27
CNQ:
14.71%
CVE:
24.51%
CNQ:
31.91%
CVE:
39.10%
CNQ:
-81.12%
CVE:
-95.01%
CNQ:
-21.71%
CVE:
-54.60%
Fundamentals
CNQ:
$64.05B
CVE:
$24.93B
CNQ:
$2.55
CVE:
$1.09
CNQ:
11.98
CVE:
12.42
CNQ:
12.75
CVE:
0.45
CNQ:
1.67
CVE:
0.46
CNQ:
2.22
CVE:
1.15
CNQ:
$43.23B
CVE:
$58.53B
CNQ:
$12.09B
CVE:
$11.53B
CNQ:
$18.38B
CVE:
$9.29B
Returns By Period
In the year-to-date period, CNQ achieves a 0.73% return, which is significantly higher than CVE's -11.50% return. Over the past 10 years, CNQ has outperformed CVE with an annualized return of 12.08%, while CVE has yielded a comparatively lower -0.68% annualized return.
CNQ
0.73%
6.53%
-6.49%
-16.58%
5.18%
33.90%
12.08%
CVE
-11.50%
9.75%
-15.75%
-31.89%
-12.28%
27.72%
-0.68%
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Risk-Adjusted Performance
CNQ vs. CVE — Risk-Adjusted Performance Rank
CNQ
CVE
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.
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Dividends
CNQ vs. CVE - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 5.11%, more than CVE's 3.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 5.11% | 5.02% | 4.17% | 6.31% | 3.70% | 5.15% | 3.42% | 5.92% | 2.34% | 2.19% | 3.18% | 2.57% |
CVE Cenovus Energy Inc. | 3.90% | 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.
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Volatility
CNQ vs. CVE - Volatility Comparison
The current volatility for Canadian Natural Resources Limited (CNQ) is 8.93%, while Cenovus Energy Inc. (CVE) has a volatility of 11.75%. 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.
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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.
Total Revenue: Total amount of money received from sales and other business activities
CNQ vs. CVE - Profitability Comparison
CNQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Canadian Natural Resources Limited reported a gross profit of 3.56B and revenue of 12.71B. Therefore, the gross margin over that period was 28.0%.
CVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Cenovus Energy Inc. reported a gross profit of 3.11B and revenue of 14.21B. Therefore, the gross margin over that period was 21.9%.
CNQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Canadian Natural Resources Limited reported an operating income of 3.29B and revenue of 12.71B, resulting in an operating margin of 25.9%.
CVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Cenovus Energy Inc. reported an operating income of 1.28B and revenue of 14.21B, resulting in an operating margin of 9.0%.
CNQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Canadian Natural Resources Limited reported a net income of 2.46B and revenue of 12.71B, resulting in a net margin of 19.3%.
CVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Cenovus Energy Inc. reported a net income of 859.00M and revenue of 14.21B, resulting in a net margin of 6.1%.