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 0.75, 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.
Performance
CNQ vs. CVE - Performance Comparison
Key characteristics
CNQ:
0.25
CVE:
0.15
CNQ:
0.52
CVE:
0.39
CNQ:
1.06
CVE:
1.05
CNQ:
0.26
CVE:
0.08
CNQ:
0.51
CVE:
0.25
CNQ:
12.99%
CVE:
16.43%
CNQ:
26.40%
CVE:
27.95%
CNQ:
-81.11%
CVE:
-95.01%
CNQ:
-19.80%
CVE:
-49.24%
Fundamentals
CNQ:
$68.56B
CVE:
$27.87B
CNQ:
$2.50
CVE:
$1.38
CNQ:
12.74
CVE:
10.86
CNQ:
12.75
CVE:
0.45
CNQ:
$27.70B
CVE:
$42.53B
CNQ:
$7.85B
CVE:
$8.43B
CNQ:
$11.90B
CVE:
$8.02B
Returns By Period
In the year-to-date period, CNQ achieves a 3.21% return, which is significantly higher than CVE's -1.06% return. Over the past 10 years, CNQ has outperformed CVE with an annualized return of 13.26%, while CVE has yielded a comparatively lower -0.68% annualized return.
CNQ
3.21%
7.71%
-5.94%
6.95%
22.40%
13.26%
CVE
-1.06%
3.95%
-21.72%
3.36%
12.86%
-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.
Dividends
CNQ vs. CVE - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 4.88%, more than CVE's 3.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 4.88% | 5.03% | 4.17% | 6.31% | 3.70% | 5.15% | 3.42% | 5.92% | 2.34% | 2.19% | 3.20% | 2.57% |
CVE Cenovus Energy Inc. | 3.96% | 3.92% | 2.34% | 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 -81.11%, 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.
Volatility
CNQ vs. CVE - Volatility Comparison
Canadian Natural Resources Limited (CNQ) has a higher volatility of 7.35% compared to Cenovus Energy Inc. (CVE) at 5.95%. This indicates that CNQ's price experiences larger fluctuations and is considered to be riskier than CVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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