CNQ vs. JPM
CNQ (Canadian Natural Resources Limited) and JPM (JPMorgan Chase & Co.) are both stocks. CNQ operates in Oil & Gas E&P (Energy), while JPM operates in Banks - Diversified (Financial Services). Over the past 10 years, CNQ returned 18.22%/yr vs 20.32%/yr for JPM. At a 0.31 correlation, their price movements are largely independent.
Performance
CNQ vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, CNQ achieves a 37.99% return, which is significantly higher than JPM's -2.52% return. Over the past 10 years, CNQ has underperformed JPM with an annualized return of 18.22%, while JPM has yielded a comparatively higher 20.32% annualized return.
CNQ
- 1D
- 1.29%
- 1M
- 3.95%
- YTD
- 37.99%
- 6M
- 38.89%
- 1Y
- 53.83%
- 3Y*
- 23.71%
- 5Y*
- 26.79%
- 10Y*
- 18.22%
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
CNQ vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 37.99% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between CNQ and JPM is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2000 | 0.31 |
Over the past year, the correlation between CNQ and JPM has dropped to 0.01 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
CNQ:
$97.03B
JPM:
$869.15B
CNQ:
$4.65
JPM:
$21.08
CNQ:
9.95
JPM:
14.76
CNQ:
0.48
JPM:
1.63
CNQ:
2.37
JPM:
3.05
CNQ:
2.17
JPM:
2.53
CNQ:
$40.74B
JPM:
$285.09B
CNQ:
$12.53B
JPM:
$173.52B
CNQ:
$22.99B
JPM:
$81.46B
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Return for Risk
CNQ vs. JPM — Risk / Return Rank
CNQ
JPM
CNQ vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 1.26 | +2.56 |
| Martin ratioReturn relative to average drawdown | 8.73 | 2.98 | +5.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNQ | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.90 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.69 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.74 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.34 | +0.07 |
Drawdowns
CNQ vs. JPM - Drawdown Comparison
The maximum CNQ drawdown since its inception was -80.75%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for CNQ and JPM.
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Drawdown Indicators
| CNQ | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -76.16% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -15.47% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -24.42% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -38.77% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -77.84% | -43.63% | -34.21% |
Current DrawdownCurrent decline from peak | -7.60% | -6.55% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -23.52% | -17.62% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 6.50% | -0.32% |
Volatility
CNQ vs. JPM - Volatility Comparison
Canadian Natural Resources Limited (CNQ) has a higher volatility of 8.80% compared to JPMorgan Chase & Co. (JPM) at 6.40%. This indicates that CNQ's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNQ | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 6.40% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 23.90% | 17.38% | +6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.96% | 21.62% | +7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.84% | 24.45% | +8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.26% | 27.40% | +12.86% |
Dividends
CNQ vs. JPM - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 3.76%, more than JPM's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 3.76% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
JPM JPMorgan Chase & Co. | 1.90% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
CNQ vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and JPMorgan Chase & Co.. 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. JPM - Profitability Comparison
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%.
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a gross profit of 47.33B and revenue of 73.66B. Therefore, the gross margin over that period was 64.3%.
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%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported an operating income of 20.48B and revenue of 73.66B, resulting in an operating margin of 27.8%.
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%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a net income of 16.49B and revenue of 73.66B, resulting in a net margin of 22.4%.
Frequently Asked Questions
CNQ and JPM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNQ has higher volatility (8.80%) compared to JPM (6.40%). In terms of maximum drawdown, CNQ dropped -80.75% vs JPM's -76.16%.
CNQ currently has the higher Sharpe Ratio (1.87 vs 0.90), 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.
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