CP vs. ASR

Last updated Jun 13, 2026

CP (Canadian Pacific Railway Limited) and ASR (Grupo Aeroportuario del Sureste, S. A. B. de C. V.) are both stocks. Both are in the Industrials sector — CP in Railroads, ASR in Airports & Air Services. Over the past 10 years, CP returned 14.53%/yr vs 10.32%/yr for ASR. At a 0.31 correlation, their price movements are largely independent.

Performance

CP vs. ASR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Pacific Railway Limited (CP) and Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CP achieves a 22.60% return, which is significantly higher than ASR's -9.55% return. Over the past 10 years, CP has outperformed ASR with an annualized return of 14.53%, while ASR has yielded a comparatively lower 10.32% annualized return.

CP

• 1D: 0.86%
• 1M: 5.18%
• YTD: 22.60%
• 6M: 20.36%
• 1Y: 11.97%
• 3Y*: 6.19%
• 5Y*: 3.16%
• 10Y*: 14.53%

ASR

• 1D: 1.07%
• 1M: -4.15%
• YTD: -9.55%
• 6M: -8.65%
• 1Y: -3.36%
• 3Y*: 6.19%
• 5Y*: 14.67%
• 10Y*: 10.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CP vs. ASR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CP Canadian Pacific Railway Limited	22.60%	2.60%	-7.84%	6.85%	4.71%	4.64%	37.33%	45.04%	-1.81%	29.32%
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	-9.55%	42.19%	-9.20%	32.09%	16.98%	27.81%	-11.99%	28.79%	-15.64%	26.89%

Correlation

The correlation between CP and ASR is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 28, 2000	0.31

The correlation between CP and ASR shifts across timeframes, from 0.21 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CP : $80.83B ASR : $8.61B
EPS CP : $4.47 ASR : MX$327.81
PE Ratio CP : 20.16 ASR : 15.10
PEG Ratio CP : 8.47 ASR : 0.76
PS Ratio CP : 5.49 ASR : 3.96
PB Ratio CP : 1.70 ASR : 3.54
Total Revenue (TTM) CP : $14.98B ASR : MX$37.47B
Gross Profit (TTM) CP : $8.47B ASR : MX$21.16B
EBITDA (TTM) CP : $8.30B ASR : MX$18.53B

Return for Risk

CP vs. ASR — Risk / Return Rank

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

CP

CP Risk / Return Rank: 57
CP Sharpe Ratio Rank: 61
CP Sortino Ratio Rank: 55
CP Omega Ratio Rank: 52
CP Calmar Ratio Rank: 59
CP Martin Ratio Rank: 58

ASR

ASR Risk / Return Rank: 36
ASR Sharpe Ratio Rank: 37
ASR Sortino Ratio Rank: 32
ASR Omega Ratio Rank: 32
ASR Calmar Ratio Rank: 39
ASR Martin Ratio Rank: 38

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.

CP vs. ASR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Railway Limited (CP) and Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR). 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	ASR	Difference
Sharpe ratio: Return per unit of total volatility	0.53	-0.13	+0.66
Sortino ratio: Return per unit of downside risk	0.94	-0.00	+0.95
Omega ratio: Gain probability vs. loss probability	1.11	1.00	+0.11
Calmar ratio: Return relative to maximum drawdown	0.74	-0.13	+0.87
Martin ratio: Return relative to average drawdown	1.41	-0.33	+1.74

CP vs. ASR - Sharpe Ratio Comparison

The current CP Sharpe Ratio is 0.53, which is higher than the ASR Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of CP and ASR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CP vs. ASR - Drawdown Comparison

The maximum CP drawdown since its inception was -69.17%, which is greater than ASR's maximum drawdown of -61.33%. Use the drawdown chart below to compare losses from any high point for CP and ASR.

Drawdown Indicators

	CP	ASR	Difference
Max Drawdown Largest peak-to-trough decline	-69.17%	-61.33%	-7.84%
Max Drawdown (1Y) Largest decline over 1 year	-16.23%	-26.13%	+9.90%
Max Drawdown (3Y) Largest decline over 3 years	-25.88%	-33.81%	+7.93%
Max Drawdown (5Y) Largest decline over 5 years	-25.88%	-35.28%	+9.40%
Max Drawdown (10Y) Largest decline over 10 years	-33.70%	-61.33%	+27.63%
Current Drawdown Current decline from peak	-1.29%	-23.25%	+21.96%
Average Drawdown Average peak-to-trough decline	-20.29%	-14.45%	-5.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.50%	10.30%	-1.80%

Volatility

CP vs. ASR - Volatility Comparison

The current volatility for Canadian Pacific Railway Limited (CP) is 5.88%, while Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) has a volatility of 8.54%. This indicates that CP experiences smaller price fluctuations and is considered to be less risky than ASR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CP	ASR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	8.54%	-2.66%
Volatility (6M) Calculated over the trailing 6-month period	17.25%	21.56%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.48%	26.10%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.45%	32.53%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	34.82%	-9.22%

Dividends

CP vs. ASR - Dividend Comparison

CP's dividend yield for the trailing twelve months is around 0.74%, less than ASR's 7.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	7.64%	12.61%	4.68%	3.86%	3.18%	2.00%	0.00%	2.80%	2.29%	0.05%	0.05%	0.52%
CP Canadian Pacific Railway Limited	0.74%	0.86%	0.76%	0.78%	0.96%	0.84%	0.76%	0.93%	1.07%	0.92%	0.98%	0.98%

Financials

CP vs. ASR - Profitability Comparison

The chart below illustrates the profitability comparison between Canadian Pacific Railway Limited and Grupo Aeroportuario del Sureste, S. A. B. de C. V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CP - 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 2.55B and revenue of 3.70B. Therefore, the gross margin over that period was 69.0%.

ASR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Sureste, S. A. B. de C. V. reported a gross profit of 4.86B and revenue of 9.02B. Therefore, the gross margin over that period was 53.9%.

CP - 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 1.26B and revenue of 3.70B, resulting in an operating margin of 34.0%.

ASR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Sureste, S. A. B. de C. V. reported an operating income of 4.77B and revenue of 9.02B, resulting in an operating margin of 52.9%.

CP - 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%.

ASR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Sureste, S. A. B. de C. V. reported a net income of 2.86B and revenue of 9.02B, resulting in a net margin of 31.8%.

Frequently Asked Questions

Can I hold both CP and ASR in my portfolio?

CP and ASR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CP or ASR?

ASR has higher volatility (8.54%) compared to CP (5.88%). In terms of maximum drawdown, CP dropped -69.17% vs ASR's -61.33%.

Which has better risk-adjusted returns?

CP currently has the higher Sharpe Ratio (0.53 vs -0.13), 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.