CP vs. CNI
Compare and contrast key facts about Canadian Pacific Railway Limited (CP) and Canadian National Railway Company (CNI).
Performance
CP vs. CNI - Performance Comparison
Loading graphics...
CP vs. CNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CP Canadian Pacific Railway Limited | 7.05% | 2.60% | -7.84% | 6.85% | 4.71% | 4.64% | 37.33% | 45.04% | -1.81% | 29.32% |
CNI Canadian National Railway Company | 4.62% | -0.10% | -17.51% | 7.84% | -1.86% | 13.70% | 23.66% | 24.26% | -8.49% | 25.03% |
Fundamentals
CP:
$70.67B
CNI:
$63.31B
CP:
$4.54
CNI:
$7.59
CP:
17.31
CNI:
13.55
CP:
4.76
CNI:
3.69
CP:
1.51
CNI:
2.94
CP:
$15.08B
CNI:
$17.31B
CP:
$9.38B
CNI:
$7.54B
CP:
$8.38B
CNI:
$8.82B
Returns By Period
In the year-to-date period, CP achieves a 7.05% return, which is significantly higher than CNI's 4.62% return. Over the past 10 years, CP has outperformed CNI with an annualized return of 12.58%, while CNI has yielded a comparatively lower 7.22% annualized return.
CP
- 1D
- 1.47%
- 1M
- -10.01%
- YTD
- 7.05%
- 6M
- 6.06%
- 1Y
- 13.01%
- 3Y*
- 1.53%
- 5Y*
- 1.25%
- 10Y*
- 12.58%
CNI
- 1D
- 1.42%
- 1M
- -7.82%
- YTD
- 4.62%
- 6M
- 10.39%
- 1Y
- 8.19%
- 3Y*
- -2.31%
- 5Y*
- -0.74%
- 10Y*
- 7.22%
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 vs. CNI — Risk / Return Rank
CP
CNI
CP vs. CNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Railway Limited (CP) and Canadian National Railway Company (CNI). 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.
| CP | CNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.36 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.68 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.55 | +0.33 |
Martin ratioReturn relative to average drawdown | 1.76 | 1.00 | +0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CP | CNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.36 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.03 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.32 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.57 | -0.24 |
Correlation
The correlation between CP and CNI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CP vs. CNI - Dividend Comparison
CP's dividend yield for the trailing twelve months is around 0.84%, less than CNI's 2.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CP Canadian Pacific Railway Limited | 0.84% | 0.86% | 0.76% | 0.78% | 0.96% | 0.84% | 0.76% | 0.93% | 1.07% | 0.92% | 0.98% | 0.98% |
CNI Canadian National Railway Company | 2.53% | 2.58% | 2.43% | 1.85% | 1.41% | 1.61% | 1.59% | 1.79% | 2.01% | 2.00% | 2.23% | 2.24% |
Drawdowns
CP vs. CNI - Drawdown Comparison
The maximum CP drawdown since its inception was -69.17%, which is greater than CNI's maximum drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for CP and CNI.
Loading graphics...
Drawdown Indicators
| CP | CNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.17% | -46.66% | -22.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -14.84% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -29.14% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -33.70% | -29.15% | -4.55% |
Current DrawdownCurrent decline from peak | -12.42% | -18.86% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -20.36% | -9.49% | -10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 8.20% | -0.05% |
Volatility
CP vs. CNI - Volatility Comparison
The current volatility for Canadian Pacific Railway Limited (CP) is 5.78%, while Canadian National Railway Company (CNI) has a volatility of 6.96%. This indicates that CP experiences smaller price fluctuations and is considered to be less risky than CNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CP | CNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 6.96% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.21% | 15.97% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.97% | 22.96% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.31% | 22.39% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.63% | 22.61% | +3.02% |
Financials
CP vs. CNI - Financials Comparison
This section allows you to compare key financial metrics between Canadian Pacific Railway Limited and Canadian National Railway Company. 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 vs. CNI - Profitability Comparison
CP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported a gross profit of 2.96B and revenue of 3.92B. Therefore, the gross margin over that period was 75.5%.
CNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian National Railway Company reported a gross profit of 2.07B and revenue of 4.46B. Therefore, the gross margin over that period was 46.3%.
CP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported an operating income of 1.61B and revenue of 3.92B, resulting in an operating margin of 41.1%.
CNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian National Railway Company reported an operating income of 1.73B and revenue of 4.46B, resulting in an operating margin of 38.8%.
CP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported a net income of 1.08B and revenue of 3.92B, resulting in a net margin of 27.5%.
CNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian National Railway Company reported a net income of 1.25B and revenue of 4.46B, resulting in a net margin of 28.0%.