CNQ vs. USO
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ) and United States Oil Fund LP (USO).
USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNQ or USO.
Key characteristics
| CNQ | USO | |
|---|---|---|
| YTD Return | 16.95% | 17.60% |
| 1Y Return | 31.65% | 17.78% |
| 3Y Return (Ann) | 42.77% | 21.96% |
| 5Y Return (Ann) | 28.99% | -5.25% |
| 10Y Return (Ann) | 11.06% | -12.30% |
| Sharpe Ratio | 1.06 | 0.58 |
| Daily Std Dev | 28.31% | 27.97% |
| Max Drawdown | -81.38% | -98.19% |
| Current Drawdown | -7.90% | -91.66% |
Correlation
The correlation between CNQ and USO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CNQ vs. USO - Performance Comparison
The year-to-date returns for both investments are quite close, with CNQ having a 16.95% return and USO slightly higher at 17.60%. Over the past 10 years, CNQ has outperformed USO with an annualized return of 11.06%, while USO has yielded a comparatively lower -12.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CNQ vs. USO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and United States Oil Fund LP (USO). 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. USO - Dividend Comparison
CNQ's dividend yield for the trailing twelve months is around 3.77%, while USO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 3.77% | 4.17% | 6.29% | 3.69% | 5.14% | 3.42% | 4.52% | 2.34% | 2.19% | 3.20% | 2.58% | 1.60% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNQ vs. USO - Drawdown Comparison
The maximum CNQ drawdown since its inception was -81.38%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CNQ and USO. For additional features, visit the drawdowns tool.
Volatility
CNQ vs. USO - Volatility Comparison
Canadian Natural Resources Limited (CNQ) has a higher volatility of 6.00% compared to United States Oil Fund LP (USO) at 4.94%. This indicates that CNQ's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.