CNQ vs. T
CNQ (Canadian Natural Resources Limited) and T (AT&T Inc.) are both stocks. CNQ operates in Oil & Gas E&P (Energy), while T operates in Telecom Services (Communication Services). Over the past 10 years, CNQ returned 18.22%/yr vs 2.86%/yr for T. At a 0.21 correlation, their price movements are largely independent.
Performance
CNQ vs. T - 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 T's -7.40% return. Over the past 10 years, CNQ has outperformed T with an annualized return of 18.22%, while T has yielded a comparatively lower 2.86% 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%
T
- 1D
- -1.10%
- 1M
- -10.57%
- YTD
- -7.40%
- 6M
- -7.40%
- 1Y
- -16.38%
- 3Y*
- 18.39%
- 5Y*
- 6.60%
- 10Y*
- 2.86%
CNQ vs. T - 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% |
T AT&T Inc. | -7.40% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between CNQ and T is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2000 | 0.21 |
The correlation between CNQ and T shifts across timeframes, from 0.02 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CNQ:
$4.65
T:
$3.04
CNQ:
9.95
T:
7.39
CNQ:
0.48
T:
0.31
CNQ:
2.37
T:
1.29
CNQ:
$40.74B
T:
$125.65B
CNQ:
$12.53B
T:
$105.41B
CNQ:
$22.99B
T:
$54.70B
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Return for Risk
CNQ vs. T — Risk / Return Rank
CNQ
T
CNQ vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and AT&T Inc. (T). 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 | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.89 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | -0.75 | +4.57 |
| Martin ratioReturn relative to average drawdown | 8.73 | -1.59 | +10.32 |
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 | T | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.75 | +2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.28 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.12 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.38 | +0.03 |
Drawdowns
CNQ vs. T - Drawdown Comparison
The maximum CNQ drawdown since its inception was -80.75%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for CNQ and T.
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Drawdown Indicators
| CNQ | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -64.15% | -16.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -21.87% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -21.87% | -13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -32.01% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -77.84% | -42.35% | -35.49% |
Current DrawdownCurrent decline from peak | -7.60% | -21.87% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -23.52% | -15.72% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 10.34% | -4.16% |
Volatility
CNQ vs. T - Volatility Comparison
Canadian Natural Resources Limited (CNQ) has a higher volatility of 8.80% compared to AT&T Inc. (T) at 7.50%. This indicates that CNQ's price experiences larger fluctuations and is considered to be riskier than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNQ | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 7.50% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 23.90% | 17.57% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.96% | 21.98% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.84% | 23.97% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.26% | 23.71% | +16.55% |
Dividends
CNQ vs. T - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 3.76%, less than T's 4.93% 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% |
T AT&T Inc. | 4.93% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Financials
CNQ vs. T - Financials Comparison
This section allows you to compare key financial metrics between Canadian Natural Resources Limited and AT&T 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
Frequently Asked Questions
CNQ and T have a correlation of 0.02, 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 T (7.50%). In terms of maximum drawdown, CNQ dropped -80.75% vs T's -64.15%.
CNQ currently has the higher Sharpe Ratio (1.87 vs -0.75), 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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