CP.TO vs. AON
CP.TO (Canadian Pacific Railway Limited) and AON (Aon plc) are both stocks. CP.TO operates in Railroads (Industrials), while AON operates in Insurance Brokers (Financial Services). Over the past 10 years, CP.TO returned 17.88%/yr vs 14.07%/yr for AON. At a 0.24 correlation, their price movements are largely independent.
Performance
CP.TO vs. AON - Performance Comparison
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Different Trading Currencies
CP.TO is traded in CAD, while AON is traded in USD. To make them comparable, the AON values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CP.TO achieves a 24.83% return, which is significantly higher than AON's -2.59% return. Over the past 10 years, CP.TO has outperformed AON with an annualized return of 17.88%, while AON has yielded a comparatively lower 14.07% annualized return.
CP.TO
- 1D
- 0.95%
- 1M
- 7.59%
- YTD
- 24.83%
- 6M
- 22.32%
- 1Y
- 16.23%
- 3Y*
- 7.91%
- 5Y*
- 6.01%
- 10Y*
- 17.88%
AON
- 1D
- 0.23%
- 1M
- 7.62%
- YTD
- -2.59%
- 6M
- -3.41%
- 1Y
- -1.50%
- 3Y*
- 4.08%
- 5Y*
- 10.02%
- 10Y*
- 14.07%
CP.TO vs. AON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CP.TO Canadian Pacific Railway Limited | 24.83% | -2.09% | -0.05% | 4.62% | 11.83% | 4.79% | 40.10% | 44.01% | 11.13% | 26.27% |
AON Aon plc | -2.59% | -5.46% | 34.99% | -4.63% | 6.99% | 43.32% | -0.06% | 38.71% | 19.19% | 13.26% |
Correlation
The correlation between CP.TO and AON is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.24 |
The correlation between CP.TO and AON shifts across timeframes, from 0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CP.TO:
CA$112.95B
AON:
$72.23B
CP.TO:
CA$4.49
AON:
$18.21
CP.TO:
28.03
AON:
18.41
CP.TO:
11.78
AON:
0.47
CP.TO:
7.63
AON:
4.15
CP.TO:
2.43
AON:
7.34
CP.TO:
CA$14.98B
AON:
$17.49B
CP.TO:
CA$6.94B
AON:
$9.77B
CP.TO:
CA$8.23B
AON:
$6.55B
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Return for Risk
CP.TO vs. AON — Risk / Return Rank
CP.TO
AON
CP.TO vs. AON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Railway Limited (CP.TO) and Aon plc (AON). 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.
| CP.TO | AON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.15 | +1.25 |
| Martin ratioReturn relative to average drawdown | 1.98 | -0.28 | +2.26 |
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Drawdowns
CP.TO vs. AON - Drawdown Comparison
The maximum CP.TO drawdown since its inception was -58.01%, which is greater than AON's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for CP.TO and AON.
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Drawdown Indicators
| CP.TO | AON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.01% | -38.35% | -19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -19.09% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | -28.33% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.60% | -28.33% | +6.73% |
Max Drawdown (10Y)Largest decline over 10 years | -27.38% | -33.15% | +5.77% |
Current DrawdownCurrent decline from peak | -0.29% | -19.85% | +19.56% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -8.90% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 9.84% | -2.28% |
Volatility
CP.TO vs. AON - Volatility Comparison
The current volatility for Canadian Pacific Railway Limited (CP.TO) is 5.36%, while Aon plc (AON) has a volatility of 5.93%. This indicates that CP.TO experiences smaller price fluctuations and is considered to be less risky than AON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CP.TO | AON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 5.93% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.01% | 20.16% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 24.45% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 23.98% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.70% | 24.19% | -0.49% |
Dividends
CP.TO vs. AON - Dividend Comparison
CP.TO's dividend yield for the trailing twelve months is around 0.72%, less than AON's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AON Aon plc | 0.91% | 0.82% | 0.74% | 0.83% | 0.73% | 0.66% | 0.84% | 0.83% | 1.35% | 1.05% | 1.16% | 1.25% |
CP.TO Canadian Pacific Railway Limited | 0.72% | 0.86% | 0.73% | 0.72% | 0.75% | 1.67% | 4.03% | 4.74% | 5.19% | 4.76% | 4.83% | 3.96% |
Financials
CP.TO vs. AON - Financials Comparison
This section allows you to compare key financial metrics between Canadian Pacific Railway Limited and Aon plc. 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
CP.TO vs. AON - Profitability Comparison
CP.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported a gross profit of 1.36B and revenue of 3.70B. Therefore, the gross margin over that period was 36.8%.
AON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aon plc reported a gross profit of 2.64B and revenue of 5.03B. Therefore, the gross margin over that period was 52.5%.
CP.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported an operating income of 1.27B and revenue of 3.70B, resulting in an operating margin of 34.2%.
AON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aon plc reported an operating income of 1.72B and revenue of 5.03B, resulting in an operating margin of 34.1%.
CP.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported a net income of 846.00M and revenue of 3.70B, resulting in a net margin of 22.9%.
AON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aon plc reported a net income of 1.21B and revenue of 5.03B, resulting in a net margin of 24.1%.
Frequently Asked Questions
CP.TO and AON have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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