CNR vs. CP
CNR (Core Natural Resources, Inc) and CP (Canadian Pacific Kansas City Limited) are both stocks. CNR operates in Thermal Coal (Energy), while CP operates in Railroads (Industrials). Over the past 5 years, CNR returned 38.12%/yr vs 3.21%/yr for CP. At a 0.23 correlation, their price movements are largely independent.
Performance
CNR vs. CP - Performance Comparison
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Returns By Period
In the year-to-date period, CNR achieves a -7.00% return, which is significantly lower than CP's 16.60% return.
CNR
- 1D
- -1.72%
- 1M
- -2.20%
- YTD
- -7.00%
- 6M
- -7.00%
- 1Y
- 18.52%
- 3Y*
- 8.27%
- 5Y*
- 38.12%
- 10Y*
- —
CP
- 1D
- -0.42%
- 1M
- -0.68%
- YTD
- 16.60%
- 6M
- 15.52%
- 1Y
- 7.79%
- 3Y*
- 3.09%
- 5Y*
- 3.21%
- 10Y*
- 14.23%
CNR vs. CP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNR Core Natural Resources, Inc | -7.00% | -16.58% | 6.59% | 60.65% | 195.52% | 214.98% | -50.31% | -54.24% | -19.74% | 75.60% |
CP Canadian Pacific Kansas City Limited | 16.60% | 2.60% | -7.84% | 6.85% | 4.71% | 4.64% | 37.33% | 45.04% | -1.81% | 5.68% |
Correlation
The correlation between CNR and CP is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2017 | 0.23 |
The correlation between CNR and CP shifts across timeframes, from 0.09 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNR:
$4.19B
CP:
$76.87B
CNR:
-$1.22
CP:
$4.47
CNR:
1.00
CP:
5.22
CNR:
1.15
CP:
1.62
CNR:
$4.23B
CP:
$14.98B
CNR:
$133.44M
CP:
$8.47B
CNR:
$540.42M
CP:
$8.30B
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Return for Risk
CNR vs. CP — Risk / Return Rank
CNR
CP
CNR vs. CP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Natural Resources, Inc (CNR) and Canadian Pacific Kansas City Limited (CP). 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.
| CNR | CP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.48 | +0.20 |
| Martin ratioReturn relative to average drawdown | 1.29 | 0.92 | +0.37 |
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Drawdowns
CNR vs. CP - Drawdown Comparison
The maximum CNR drawdown since its inception was -92.21%, which is greater than CP's maximum drawdown of -69.17%. Use the drawdown chart below to compare losses from any high point for CNR and CP.
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Drawdown Indicators
| CNR | CP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -69.17% | -23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -16.23% | -11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -52.14% | -25.88% | -26.26% |
Max Drawdown (5Y)Largest decline over 5 years | -52.14% | -25.88% | -26.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.70% | — |
Current DrawdownCurrent decline from peak | -37.92% | -6.13% | -31.79% |
Average DrawdownAverage peak-to-trough decline | -36.76% | -20.28% | -16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.39% | 8.51% | +5.88% |
Volatility
CNR vs. CP - Volatility Comparison
Core Natural Resources, Inc (CNR) has a higher volatility of 14.87% compared to Canadian Pacific Kansas City Limited (CP) at 6.73%. This indicates that CNR's price experiences larger fluctuations and is considered to be riskier than CP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNR | CP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.87% | 6.73% | +8.14% |
Volatility (6M)Calculated over the trailing 6-month period | 33.24% | 17.69% | +15.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.32% | 22.75% | +26.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.98% | 24.49% | +30.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.91% | 25.60% | +41.31% |
Dividends
CNR vs. CP - Dividend Comparison
CNR's dividend yield for the trailing twelve months is around 0.49%, less than CP's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNR Core Natural Resources, Inc | 0.49% | 0.45% | 0.47% | 2.19% | 3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CP Canadian Pacific Kansas City Limited | 0.77% | 0.86% | 0.76% | 0.78% | 0.96% | 0.84% | 0.76% | 0.93% | 1.07% | 0.92% | 0.98% | 0.98% |
Financials
CNR vs. CP - Financials Comparison
This section allows you to compare key financial metrics between Core Natural Resources, Inc and Canadian Pacific Kansas City Limited. 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
CNR vs. CP - Profitability Comparison
CNR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Core Natural Resources, Inc reported a gross profit of 160.10M and revenue of 1.08B. Therefore, the gross margin over that period was 14.8%.
CP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Kansas City Limited reported a gross profit of 2.55B and revenue of 3.70B. Therefore, the gross margin over that period was 69.0%.
CNR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Core Natural Resources, Inc reported an operating income of 22.72M and revenue of 1.08B, resulting in an operating margin of 2.1%.
CP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Kansas City Limited reported an operating income of 1.26B and revenue of 3.70B, resulting in an operating margin of 34.0%.
CNR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Core Natural Resources, Inc reported a net income of 21.04M and revenue of 1.08B, resulting in a net margin of 1.9%.
CP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Kansas City Limited reported a net income of 846.00M and revenue of 3.70B, resulting in a net margin of 22.9%.
Frequently Asked Questions
CNR and CP have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNR has higher volatility (14.87%) compared to CP (6.73%). In terms of maximum drawdown, CNR dropped -92.21% vs CP's -69.17%.
CNR currently has the higher Sharpe Ratio (0.38 vs 0.34), 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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