CNQ vs. PEY.TO
CNQ (Canadian Natural Resources Limited) and PEY.TO (Peyto Exploration & Development Corp.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, CNQ returned 17.89%/yr vs 2.26%/yr for PEY.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
CNQ vs. PEY.TO - Performance Comparison
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Different Trading Currencies
CNQ is traded in USD, while PEY.TO is traded in CAD. To make them comparable, the PEY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNQ achieves a 35.04% return, which is significantly higher than PEY.TO's 11.42% return. Over the past 10 years, CNQ has outperformed PEY.TO with an annualized return of 17.89%, while PEY.TO has yielded a comparatively lower 2.26% annualized return.
CNQ
- 1D
- -0.31%
- 1M
- -5.59%
- YTD
- 35.04%
- 6M
- 38.56%
- 1Y
- 38.90%
- 3Y*
- 23.03%
- 5Y*
- 26.12%
- 10Y*
- 17.89%
PEY.TO
- 1D
- -0.26%
- 1M
- -6.94%
- YTD
- 11.42%
- 6M
- 11.29%
- 1Y
- 26.58%
- 3Y*
- 41.87%
- 5Y*
- 34.15%
- 10Y*
- 2.26%
CNQ vs. PEY.TO - 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% |
PEY.TO Peyto Exploration & Development Corp. | 11.42% | 48.94% | 43.34% | -0.98% | 44.91% | 228.33% | -17.82% | -40.46% | -53.44% | -48.37% |
Correlation
The correlation between CNQ and PEY.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.52 |
The correlation between CNQ and PEY.TO has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
Fundamentals
CNQ:
$94.95B
PEY.TO:
CA$5.26B
CNQ:
CA$4.65
PEY.TO:
CA$2.32
CNQ:
13.62
PEY.TO:
10.88
CNQ:
0.65
PEY.TO:
0.28
CNQ:
3.25
PEY.TO:
4.40
CNQ:
2.97
PEY.TO:
1.76
CNQ:
CA$40.74B
PEY.TO:
CA$1.18B
CNQ:
CA$12.53B
PEY.TO:
CA$617.43M
CNQ:
CA$22.99B
PEY.TO:
CA$989.15M
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Return for Risk
CNQ vs. PEY.TO — Risk / Return Rank
CNQ
PEY.TO
CNQ vs. PEY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Peyto Exploration & Development Corp. (PEY.TO). 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 | PEY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.72 | +1.37 |
| Martin ratioReturn relative to average drawdown | 6.92 | 3.77 | +3.15 |
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Drawdowns
CNQ vs. PEY.TO - Drawdown Comparison
The maximum CNQ drawdown since its inception was -80.75%, smaller than the maximum PEY.TO drawdown of -97.31%. Use the drawdown chart below to compare losses from any high point for CNQ and PEY.TO.
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Drawdown Indicators
| CNQ | PEY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -97.31% | +16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -17.22% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -22.89% | -12.96% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -45.19% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -77.84% | -96.88% | +19.04% |
Current DrawdownCurrent decline from peak | -9.57% | -13.84% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -23.51% | -41.14% | +17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 7.83% | -1.53% |
Volatility
CNQ vs. PEY.TO - Volatility Comparison
Canadian Natural Resources Limited (CNQ) and Peyto Exploration & Development Corp. (PEY.TO) have volatilities of 8.56% and 8.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNQ | PEY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 8.46% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 20.56% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.06% | 27.71% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.86% | 37.74% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.24% | 44.00% | -3.76% |
Dividends
CNQ vs. PEY.TO - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 3.84%, less than PEY.TO's 5.27% 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% |
PEY.TO Peyto Exploration & Development Corp. | 5.27% | 5.81% | 7.70% | 10.96% | 4.33% | 1.38% | 3.08% | 6.84% | 10.17% | 8.78% | 3.97% | 5.31% |
Financials
CNQ vs. PEY.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and Peyto Exploration & Development Corp.. 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. PEY.TO - 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%.
PEY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Peyto Exploration & Development Corp. reported a gross profit of 223.35M and revenue of 397.42M. Therefore, the gross margin over that period was 56.2%.
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%.
PEY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Peyto Exploration & Development Corp. reported an operating income of 212.24M and revenue of 397.42M, resulting in an operating margin of 53.4%.
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%.
PEY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Peyto Exploration & Development Corp. reported a net income of 171.09M and revenue of 397.42M, resulting in a net margin of 43.1%.
Frequently Asked Questions
CNQ and PEY.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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