CP vs. SOBO.TO
CP (Canadian Pacific Railway Limited) and SOBO.TO (South Bow Corp) are both stocks. CP operates in Railroads (Industrials), while SOBO.TO operates in Oil & Gas Midstream (Energy). Over the past year, CP returned 11.97% vs 50.32% for SOBO.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
CP vs. SOBO.TO - Performance Comparison
Loading charts...
Different Trading Currencies
CP is traded in USD, while SOBO.TO is traded in CAD. To make them comparable, the SOBO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CP achieves a 22.60% return, which is significantly lower than SOBO.TO's 40.32% 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%
SOBO.TO
- 1D
- 0.96%
- 1M
- 5.83%
- YTD
- 40.32%
- 6M
- 44.41%
- 1Y
- 50.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CP vs. SOBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CP Canadian Pacific Railway Limited | 22.60% | 2.60% | -15.94% |
SOBO.TO South Bow Corp | 40.32% | 25.61% | 15.72% |
Correlation
The correlation between CP and SOBO.TO is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.07 |
Fundamentals
CP:
$80.83B
SOBO.TO:
CA$11.12B
CP:
$4.47
SOBO.TO:
$2.03
CP:
20.16
SOBO.TO:
18.81
CP:
8.47
SOBO.TO:
3.47
CP:
5.49
SOBO.TO:
4.37
CP:
1.70
SOBO.TO:
2.99
CP:
$14.98B
SOBO.TO:
$1.82B
CP:
$8.47B
SOBO.TO:
$893.03M
CP:
$8.30B
SOBO.TO:
$851.07M
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. SOBO.TO — Risk / Return Rank
CP
SOBO.TO
CP vs. SOBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Railway Limited (CP) and South Bow Corp (SOBO.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 | SOBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.41 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.99 | -3.25 |
| Martin ratioReturn relative to average drawdown | 1.41 | 11.40 | -9.99 |
Loading charts...
Drawdowns
CP vs. SOBO.TO - Drawdown Comparison
The maximum CP drawdown since its inception was -69.17%, which is greater than SOBO.TO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for CP and SOBO.TO.
Loading charts...
Drawdown Indicators
| CP | SOBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.17% | -27.09% | -42.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -12.68% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.70% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.37% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -20.29% | -4.27% | -16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 4.44% | +4.06% |
Volatility
CP vs. SOBO.TO - Volatility Comparison
The current volatility for Canadian Pacific Railway Limited (CP) is 5.88%, while South Bow Corp (SOBO.TO) has a volatility of 7.09%. This indicates that CP experiences smaller price fluctuations and is considered to be less risky than SOBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CP | SOBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 7.09% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 14.83% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.48% | 20.21% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.45% | 44.59% | -20.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 44.59% | -18.99% |
Dividends
CP vs. SOBO.TO - Dividend Comparison
CP's dividend yield for the trailing twelve months is around 0.74%, less than SOBO.TO's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOBO.TO South Bow Corp | 5.18% | 7.37% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CP vs. SOBO.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Pacific Railway Limited and South Bow Corp. 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. SOBO.TO - Profitability Comparison
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%.
SOBO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a gross profit of 91.48M and revenue of 416.07M. Therefore, the gross margin over that period was 22.0%.
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%.
SOBO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported an operating income of 91.48M and revenue of 416.07M, resulting in an operating margin of 22.0%.
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%.
SOBO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a net income of 75.74M and revenue of 416.07M, resulting in a net margin of 18.2%.
Frequently Asked Questions
CP and SOBO.TO have a correlation of 0.01, 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 and SOBO.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