CNQ vs. ^TNX
Compare and contrast key facts about Canadian Natural Resources Limited (CNQ) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNQ or ^TNX.
Key characteristics
| CNQ | ^TNX | |
|---|---|---|
| YTD Return | 20.62% | 19.35% |
| 1Y Return | 34.18% | 33.66% |
| 3Y Return (Ann) | 44.32% | 41.69% |
| 5Y Return (Ann) | 29.01% | 12.98% |
| 10Y Return (Ann) | 11.41% | 5.96% |
| Sharpe Ratio | 1.33 | 1.18 |
| Daily Std Dev | 28.19% | 25.94% |
| Max Drawdown | -81.38% | -93.78% |
| Current Drawdown | -5.00% | -42.49% |
Correlation
The correlation between CNQ and ^TNX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNQ vs. ^TNX - Performance Comparison
In the year-to-date period, CNQ achieves a 20.62% return, which is significantly higher than ^TNX's 19.35% return. Over the past 10 years, CNQ has outperformed ^TNX with an annualized return of 11.41%, while ^TNX has yielded a comparatively lower 5.96% 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. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
CNQ vs. ^TNX - Drawdown Comparison
The maximum CNQ drawdown since its inception was -81.38%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for CNQ and ^TNX. For additional features, visit the drawdowns tool.
Volatility
CNQ vs. ^TNX - Volatility Comparison
The current volatility for Canadian Natural Resources Limited (CNQ) is 5.19%, while Treasury Yield 10 Years (^TNX) has a volatility of 7.37%. This indicates that CNQ experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.