CNQ vs. FSCSX

Last updated Jun 13, 2026

CNQ (Canadian Natural Resources Limited) is a stock, while FSCSX (Fidelity Select Software & IT Services Portfolio) is Technology Equities fund actively managed by Fidelity. Over the past 10 years, CNQ returned 17.89%/yr vs 16.09%/yr for FSCSX. At a 0.31 correlation, their price movements are largely independent.

Performance

CNQ vs. FSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Natural Resources Limited (CNQ) and Fidelity Select Software & IT Services Portfolio (FSCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQ achieves a 35.04% return, which is significantly higher than FSCSX's -13.54% return. Over the past 10 years, CNQ has outperformed FSCSX with an annualized return of 17.89%, while FSCSX has yielded a comparatively lower 16.09% annualized return.

CNQ

• 1D: -0.31%
• 1M: -4.77%
• YTD: 35.04%
• 6M: 38.56%
• 1Y: 38.90%
• 3Y*: 23.03%
• 5Y*: 26.12%
• 10Y*: 17.89%

FSCSX

• 1D: -0.35%
• 1M: 2.79%
• YTD: -13.54%
• 6M: -13.86%
• 1Y: -10.77%
• 3Y*: 9.63%
• 5Y*: 5.10%
• 10Y*: 16.09%

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

CNQ vs. FSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNQ Canadian Natural Resources Limited	35.04%	15.58%	-1.31%	23.72%	42.82%	83.55%	-19.06%	39.72%	-29.92%	15.97%
FSCSX Fidelity Select Software & IT Services Portfolio	-13.54%	6.96%	19.66%	51.72%	-29.13%	18.13%	45.55%	38.99%	4.08%	38.60%

Correlation

The correlation between CNQ and FSCSX is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jul 31, 2000	0.31

The correlation between CNQ and FSCSX shifts across timeframes, from -0.05 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CNQ vs. FSCSX — Risk / Return Rank

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

CNQ

CNQ Risk / Return Rank: 81
CNQ Sharpe Ratio Rank: 83
CNQ Sortino Ratio Rank: 77
CNQ Omega Ratio Rank: 76
CNQ Calmar Ratio Rank: 85
CNQ Martin Ratio Rank: 82

FSCSX

FSCSX Risk / Return Rank: 2
FSCSX Sharpe Ratio Rank: 2
FSCSX Sortino Ratio Rank: 2
FSCSX Omega Ratio Rank: 2
FSCSX Calmar Ratio Rank: 2
FSCSX Martin Ratio Rank: 2

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. FSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CNQ	FSCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	-0.42	+1.93
Sortino ratio: Return per unit of downside risk	1.98	-0.42	+2.40
Omega ratio: Gain probability vs. loss probability	1.25	0.95	+0.31
Calmar ratio: Return relative to maximum drawdown	3.09	-0.35	+3.44
Martin ratio: Return relative to average drawdown	6.92	-0.78	+7.71

CNQ vs. FSCSX - Sharpe Ratio Comparison

The current CNQ Sharpe Ratio is 1.51, which is higher than the FSCSX Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of CNQ and FSCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CNQ vs. FSCSX - Drawdown Comparison

The maximum CNQ drawdown since its inception was -80.75%, which is greater than FSCSX's maximum drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for CNQ and FSCSX.

Drawdown Indicators

	CNQ	FSCSX	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	-64.66%	-16.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.16%	-34.24%	+20.08%
Max Drawdown (3Y) Largest decline over 3 years	-35.85%	-34.24%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-35.85%	-37.06%	+1.21%
Max Drawdown (10Y) Largest decline over 10 years	-77.84%	-37.06%	-40.78%
Current Drawdown Current decline from peak	-9.57%	-18.48%	+8.91%
Average Drawdown Average peak-to-trough decline	-23.51%	-13.22%	-10.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.30%	15.37%	-9.07%

Volatility

CNQ vs. FSCSX - Volatility Comparison

The current volatility for Canadian Natural Resources Limited (CNQ) is 8.56%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 12.57%. This indicates that CNQ experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNQ	FSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	12.57%	-4.01%
Volatility (6M) Calculated over the trailing 6-month period	24.09%	25.44%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	29.06%	28.43%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.86%	26.51%	+6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.24%	24.63%	+15.61%

Dividends

CNQ vs. FSCSX - Dividend Comparison

CNQ's dividend yield for the trailing twelve months is around 3.84%, less than FSCSX's 23.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNQ Canadian Natural Resources Limited	2.89%	5.01%	5.02%	4.17%	6.31%	3.78%	5.26%	3.49%	4.56%	3.08%	2.94%	4.21%
FSCSX Fidelity Select Software & IT Services Portfolio	23.23%	15.40%	19.17%	7.72%	9.06%	6.54%	5.10%	12.70%	6.20%	7.15%	3.98%	5.22%

Frequently Asked Questions

Can I hold both CNQ and FSCSX in my portfolio?

CNQ and FSCSX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNQ or FSCSX?

FSCSX has higher volatility (12.57%) compared to CNQ (8.56%). In terms of maximum drawdown, CNQ dropped -80.75% vs FSCSX's -64.66%.

Which has better risk-adjusted returns?

CNQ currently has the higher Sharpe Ratio (1.51 vs -0.42), 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.