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CNX vs. TRP
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

CNX vs. TRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CNX Resources Corporation (CNX) and TC Energy Corporation (TRP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CNX achieves a -7.45% return, which is significantly lower than TRP's 26.61% return. Over the past 10 years, CNX has underperformed TRP with an annualized return of 8.23%, while TRP has yielded a comparatively higher 11.91% annualized return.


CNX

1D
1.37%
1M
-10.49%
YTD
-7.45%
6M
-15.75%
1Y
9.07%
3Y*
29.01%
5Y*
19.24%
10Y*
8.23%

TRP

1D
1.70%
1M
4.08%
YTD
26.61%
6M
28.49%
1Y
40.52%
3Y*
30.83%
5Y*
14.71%
10Y*
11.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNX vs. TRP - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CNX
CNX Resources Corporation
-7.45%0.27%83.35%18.76%22.47%27.31%22.03%-22.50%-21.94%-19.75%
TRP
TC Energy Corporation
26.61%24.02%39.88%6.09%-7.83%20.99%-19.09%56.30%-22.64%13.51%

Correlation

The correlation between CNX and TRP is 0.05, 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

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since May 3, 1999

0.31

Over the past year, the correlation between CNX and TRP has dropped to 0.05 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Fundamentals

EPS

CNX:

$9.47

TRP:

$3.31

PE Ratio

CNX:

3.59

TRP:

20.85

PEG Ratio

CNX:

0.00

TRP:

0.29

PS Ratio

CNX:

1.74

TRP:

4.55

Total Revenue (TTM)

CNX:

$2.43B

TRP:

$15.76B

Gross Profit (TTM)

CNX:

$1.17B

TRP:

$8.07B

EBITDA (TTM)

CNX:

$2.24B

TRP:

$10.90B

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Return for Risk

CNX vs. TRP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNX
CNX Risk / Return Rank: 4949
Overall Rank
CNX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
CNX Sortino Ratio Rank: 4545
Sortino Ratio Rank
CNX Omega Ratio Rank: 4444
Omega Ratio Rank
CNX Calmar Ratio Rank: 5252
Calmar Ratio Rank
CNX Martin Ratio Rank: 5151
Martin Ratio Rank

TRP
TRP Risk / Return Rank: 8989
Overall Rank
TRP Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
TRP Sortino Ratio Rank: 9191
Sortino Ratio Rank
TRP Omega Ratio Rank: 8686
Omega Ratio Rank
TRP Calmar Ratio Rank: 8989
Calmar Ratio Rank
TRP Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNX vs. TRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNX Resources Corporation (CNX) and TC Energy Corporation (TRP). 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.


CNXTRPDifference
Sharpe ratioReturn per unit of total volatility

-1.97

Sortino ratioReturn per unit of downside risk

-2.73

Omega ratioGain probability vs. loss probability

1.07

1.38

-0.30

Calmar ratioReturn relative to maximum drawdown

0.42

4.22

-3.80

Martin ratioReturn relative to average drawdown

0.89

10.86

-9.97

CNX vs. TRP - Sharpe Ratio Comparison

The current CNX Sharpe Ratio is 0.31, which is lower than the TRP Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of CNX and TRP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


CNXTRPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.31

2.27

-1.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.68

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.17

0.48

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.14

0.47

-0.33

Drawdowns

CNX vs. TRP - Drawdown Comparison

The maximum CNX drawdown since its inception was -95.41%, which is greater than TRP's maximum drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for CNX and TRP.


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Drawdown Indicators


CNXTRPDifference

Max Drawdown

Largest peak-to-trough decline

-95.41%

-62.52%

-32.89%

Max Drawdown (1Y)

Largest decline over 1 year

-21.80%

-9.65%

-12.15%

Max Drawdown (3Y)

Largest decline over 3 years

-33.37%

-17.66%

-15.71%

Max Drawdown (5Y)

Largest decline over 5 years

-38.23%

-37.05%

-1.18%

Max Drawdown (10Y)

Largest decline over 10 years

-77.19%

-41.64%

-35.55%

Current Drawdown

Current decline from peak

-68.64%

-2.76%

-65.88%

Average Drawdown

Average peak-to-trough decline

-58.16%

-11.73%

-46.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.27%

3.74%

+6.53%

Volatility

CNX vs. TRP - Volatility Comparison

CNX Resources Corporation (CNX) has a higher volatility of 7.87% compared to TC Energy Corporation (TRP) at 5.98%. This indicates that CNX's price experiences larger fluctuations and is considered to be riskier than TRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CNXTRPDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.87%

5.98%

+1.89%

Volatility (6M)

Calculated over the trailing 6-month period

21.98%

13.43%

+8.55%

Volatility (1Y)

Calculated over the trailing 1-year period

29.92%

17.91%

+12.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.42%

21.86%

+13.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.48%

24.85%

+23.63%

Dividends

CNX vs. TRP - Dividend Comparison

CNX has not paid dividends to shareholders, while TRP's dividend yield for the trailing twelve months is around 3.60%.


PositionTTM20252024202320222021202020192018201720162015
CNX
CNX Resources Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%1.84%
TRP
TC Energy Corporation
3.60%4.45%5.93%7.73%8.52%5.94%5.92%4.25%5.85%5.14%5.01%6.38%

Financials

CNX vs. TRP - Financials Comparison

This section allows you to compare key financial metrics between CNX Resources Corporation and TC Energy Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.001.00B2.00B3.00B4.00B20222023202420252026
786.65M
4.24B
(CNX) Total Revenue
(TRP) Total Revenue
Values in USD except per share items

CNX vs. TRP - Profitability Comparison

The chart below illustrates the profitability comparison between CNX Resources Corporation and TC Energy Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%202220232024202520260
56.7%
Portfolio components
CNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CNX Resources Corporation reported a gross profit of 0.00 and revenue of 786.65M. Therefore, the gross margin over that period was 0.0%.

TRP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported a gross profit of 2.41B and revenue of 4.24B. Therefore, the gross margin over that period was 56.7%.

CNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CNX Resources Corporation reported an operating income of 2.03M and revenue of 786.65M, resulting in an operating margin of 0.3%.

TRP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported an operating income of 2.21B and revenue of 4.24B, resulting in an operating margin of 52.1%.

CNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CNX Resources Corporation reported a net income of 348.15M and revenue of 786.65M, resulting in a net margin of 44.3%.

TRP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TC Energy Corporation reported a net income of 929.40M and revenue of 4.24B, resulting in a net margin of 21.9%.


Frequently Asked Questions


CNX and TRP have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CNX has higher volatility (7.87%) compared to TRP (5.98%). In terms of maximum drawdown, CNX dropped -95.41% vs TRP's -62.52%.

TRP currently has the higher Sharpe Ratio (2.27 vs 0.31), 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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