CP.TO vs. DOL.TO
CP.TO (Canadian Pacific Railway Limited) and DOL.TO (Dollarama Inc.) are both stocks. CP.TO operates in Railroads (Industrials), while DOL.TO operates in Discount Stores (Consumer Defensive). Over the past 10 years, CP.TO returned 17.88%/yr vs 20.60%/yr for DOL.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
CP.TO vs. DOL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CP.TO achieves a 24.83% return, which is significantly higher than DOL.TO's -6.81% return. Over the past 10 years, CP.TO has underperformed DOL.TO with an annualized return of 17.88%, while DOL.TO has yielded a comparatively higher 20.60% 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%
DOL.TO
- 1D
- -2.46%
- 1M
- 12.30%
- YTD
- -6.81%
- 6M
- -5.47%
- 1Y
- -1.21%
- 3Y*
- 31.52%
- 5Y*
- 28.29%
- 10Y*
- 20.60%
CP.TO vs. DOL.TO - 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% |
DOL.TO Dollarama Inc. | -6.81% | 46.59% | 47.34% | 20.96% | 25.45% | 22.47% | 16.69% | 38.01% | -37.58% | 61.41% |
Correlation
The correlation between CP.TO and DOL.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
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 Oct 16, 2009 | 0.20 |
Fundamentals
CP.TO:
CA$112.95B
DOL.TO:
CA$52.20B
CP.TO:
CA$4.49
DOL.TO:
CA$4.86
CP.TO:
28.03
DOL.TO:
39.32
CP.TO:
11.78
DOL.TO:
1.83
CP.TO:
7.63
DOL.TO:
6.94
CP.TO:
2.43
DOL.TO:
38.10
CP.TO:
CA$14.98B
DOL.TO:
CA$7.58B
CP.TO:
CA$6.94B
DOL.TO:
CA$3.09B
CP.TO:
CA$8.23B
DOL.TO:
CA$2.23B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CP.TO vs. DOL.TO — Risk / Return Rank
CP.TO
DOL.TO
CP.TO vs. DOL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Railway Limited (CP.TO) and Dollarama Inc. (DOL.TO). 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 | DOL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.07 | +1.17 |
| Martin ratioReturn relative to average drawdown | 1.98 | -0.15 | +2.14 |
Loading charts...
Drawdowns
CP.TO vs. DOL.TO - Drawdown Comparison
The maximum CP.TO drawdown since its inception was -58.01%, which is greater than DOL.TO's maximum drawdown of -44.98%. Use the drawdown chart below to compare losses from any high point for CP.TO and DOL.TO.
Loading charts...
Drawdown Indicators
| CP.TO | DOL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.01% | -44.98% | -13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -19.07% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | -19.07% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -21.60% | -19.07% | -2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -27.38% | -44.98% | +17.60% |
Current DrawdownCurrent decline from peak | -0.29% | -7.27% | +6.98% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -6.43% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 8.61% | -1.05% |
Volatility
CP.TO vs. DOL.TO - Volatility Comparison
The current volatility for Canadian Pacific Railway Limited (CP.TO) is 5.36%, while Dollarama Inc. (DOL.TO) has a volatility of 11.02%. This indicates that CP.TO experiences smaller price fluctuations and is considered to be less risky than DOL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CP.TO | DOL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 11.02% | -5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 17.01% | 20.17% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 23.04% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 21.82% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.70% | 24.39% | -0.69% |
Dividends
CP.TO vs. DOL.TO - Dividend Comparison
CP.TO's dividend yield for the trailing twelve months is around 0.72%, more than DOL.TO's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DOL.TO Dollarama Inc. | 0.23% | 0.20% | 0.25% | 0.28% | 0.27% | 0.31% | 0.34% | 0.39% | 0.95% | 0.82% | 1.19% | 1.31% |
Financials
CP.TO vs. DOL.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Pacific Railway Limited and Dollarama Inc.. 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. DOL.TO - 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%.
DOL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a gross profit of 686.75M and revenue of 1.85B. Therefore, the gross margin over that period was 37.2%.
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%.
DOL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported an operating income of 382.72M and revenue of 1.85B, resulting in an operating margin of 20.7%.
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%.
DOL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a net income of 302.27M and revenue of 1.85B, resulting in a net margin of 16.4%.
Frequently Asked Questions
CP.TO and DOL.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CP.TO and DOL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer