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CVE.TO vs. CNQ.TO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Key characteristics


CVE.TOCNQ.TO
YTD Return3.67%13.70%
1Y Return-7.56%12.11%
3Y Return (Ann)14.50%29.09%
5Y Return (Ann)15.00%26.91%
10Y Return (Ann)-0.23%11.69%
Sharpe Ratio-0.170.53
Sortino Ratio-0.050.88
Omega Ratio0.991.11
Calmar Ratio-0.140.65
Martin Ratio-0.381.36
Ulcer Index12.58%10.11%
Daily Std Dev27.94%25.81%
Max Drawdown-92.84%-79.68%
Current Drawdown-24.21%-13.27%

Fundamentals


CVE.TOCNQ.TO
Market CapCA$40.73BCA$100.80B
EPSCA$1.99CA$3.52
PE Ratio11.2113.55
PEG Ratio0.280.33
Total Revenue (TTM)CA$55.67BCA$37.25B
Gross Profit (TTM)CA$8.37BCA$10.84B
EBITDA (TTM)CA$7.99BCA$12.66B

Correlation

-0.50.00.51.00.8

The correlation between CVE.TO and CNQ.TO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

CVE.TO vs. CNQ.TO - Performance Comparison

In the year-to-date period, CVE.TO achieves a 3.67% return, which is significantly lower than CNQ.TO's 13.70% return. Over the past 10 years, CVE.TO has underperformed CNQ.TO with an annualized return of -0.23%, while CNQ.TO has yielded a comparatively higher 11.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-15.00%-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
-19.02%
-7.51%
CVE.TO
CNQ.TO

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Risk-Adjusted Performance

CVE.TO vs. CNQ.TO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE.TO) and Canadian Natural Resources Limited (CNQ.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.


CVE.TO
Sharpe ratio
The chart of Sharpe ratio for CVE.TO, currently valued at -0.19, compared to the broader market-4.00-2.000.002.004.00-0.19
Sortino ratio
The chart of Sortino ratio for CVE.TO, currently valued at -0.07, compared to the broader market-4.00-2.000.002.004.006.00-0.07
Omega ratio
The chart of Omega ratio for CVE.TO, currently valued at 0.99, compared to the broader market0.501.001.502.000.99
Calmar ratio
The chart of Calmar ratio for CVE.TO, currently valued at -0.11, compared to the broader market0.002.004.006.00-0.11
Martin ratio
The chart of Martin ratio for CVE.TO, currently valued at -0.46, compared to the broader market0.0010.0020.0030.00-0.46
CNQ.TO
Sharpe ratio
The chart of Sharpe ratio for CNQ.TO, currently valued at 0.47, compared to the broader market-4.00-2.000.002.004.000.47
Sortino ratio
The chart of Sortino ratio for CNQ.TO, currently valued at 0.81, compared to the broader market-4.00-2.000.002.004.006.000.81
Omega ratio
The chart of Omega ratio for CNQ.TO, currently valued at 1.10, compared to the broader market0.501.001.502.001.10
Calmar ratio
The chart of Calmar ratio for CNQ.TO, currently valued at 0.61, compared to the broader market0.002.004.006.000.61
Martin ratio
The chart of Martin ratio for CNQ.TO, currently valued at 1.26, compared to the broader market0.0010.0020.0030.001.26

CVE.TO vs. CNQ.TO - Sharpe Ratio Comparison

The current CVE.TO Sharpe Ratio is -0.17, which is lower than the CNQ.TO Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of CVE.TO and CNQ.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
-0.19
0.47
CVE.TO
CNQ.TO

Dividends

CVE.TO vs. CNQ.TO - Dividend Comparison

CVE.TO's dividend yield for the trailing twelve months is around 3.50%, less than CNQ.TO's 4.37% yield.


TTM20232022202120202019201820172016201520142013
CVE.TO
Cenovus Energy Inc.
3.50%2.40%1.83%0.64%0.77%1.59%2.08%1.74%0.99%4.87%4.44%3.18%
CNQ.TO
Canadian Natural Resources Limited
4.37%4.26%6.08%3.66%4.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

CVE.TO vs. CNQ.TO - Drawdown Comparison

The maximum CVE.TO drawdown since its inception was -92.84%, which is greater than CNQ.TO's maximum drawdown of -79.68%. Use the drawdown chart below to compare losses from any high point for CVE.TO and CNQ.TO. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%JuneJulyAugustSeptemberOctoberNovember
-46.18%
-14.78%
CVE.TO
CNQ.TO

Volatility

CVE.TO vs. CNQ.TO - Volatility Comparison

Cenovus Energy Inc. (CVE.TO) has a higher volatility of 8.50% compared to Canadian Natural Resources Limited (CNQ.TO) at 7.25%. This indicates that CVE.TO's price experiences larger fluctuations and is considered to be riskier than CNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
8.50%
7.25%
CVE.TO
CNQ.TO

Financials

CVE.TO vs. CNQ.TO - Financials Comparison

This section allows you to compare key financial metrics between Cenovus Energy Inc. and Canadian Natural Resources Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities



Values in CAD except per share items