Correlation
The correlation between CVE and APA is 0.45, 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.
CVE vs. APA
Compare and contrast key facts about Cenovus Energy Inc. (CVE) and Apache Corporation (APA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVE or APA.
Performance
CVE vs. APA - Performance Comparison
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Key characteristics
CVE:
-0.75
APA:
-0.79
CVE:
-0.98
APA:
-1.07
CVE:
0.87
APA:
0.85
CVE:
-0.48
APA:
-0.49
CVE:
-1.23
APA:
-1.52
CVE:
24.79%
APA:
28.14%
CVE:
39.15%
APA:
51.00%
CVE:
-95.01%
APA:
-96.73%
CVE:
-53.41%
APA:
-84.64%
Fundamentals
CVE:
$24.72B
APA:
$6.08B
CVE:
$1.10
APA:
$2.79
CVE:
12.39
APA:
6.04
CVE:
0.45
APA:
0.17
CVE:
0.45
APA:
0.60
CVE:
1.13
APA:
1.11
CVE:
$58.53B
APA:
$10.42B
CVE:
$11.53B
APA:
$4.17B
CVE:
$9.29B
APA:
$4.88B
Returns By Period
In the year-to-date period, CVE achieves a -9.16% return, which is significantly higher than APA's -25.04% return. Over the past 10 years, CVE has outperformed APA with an annualized return of -0.01%, while APA has yielded a comparatively lower -10.06% annualized return.
CVE
-9.16%
12.55%
-14.28%
-30.61%
-11.94%
28.57%
-0.01%
APA
-25.04%
3.63%
-23.98%
-39.98%
-24.84%
9.15%
-10.06%
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Risk-Adjusted Performance
CVE vs. APA — Risk-Adjusted Performance Rank
CVE
APA
CVE vs. APA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE) and Apache Corporation (APA). 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.
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Dividends
CVE vs. APA - Dividend Comparison
CVE's dividend yield for the trailing twelve months is around 3.80%, less than APA's 5.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 3.80% | 3.92% | 2.33% | 1.81% | 0.57% | 0.75% | 1.58% | 2.17% | 1.70% | 1.01% | 5.25% | 4.64% |
APA Apache Corporation | 5.93% | 4.33% | 2.79% | 1.34% | 0.51% | 2.29% | 3.91% | 3.81% | 2.37% | 1.58% | 2.25% | 1.52% |
Drawdowns
CVE vs. APA - Drawdown Comparison
The maximum CVE drawdown since its inception was -95.01%, roughly equal to the maximum APA drawdown of -96.73%. Use the drawdown chart below to compare losses from any high point for CVE and APA.
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Volatility
CVE vs. APA - Volatility Comparison
The current volatility for Cenovus Energy Inc. (CVE) is 11.56%, while Apache Corporation (APA) has a volatility of 14.05%. This indicates that CVE experiences smaller price fluctuations and is considered to be less risky than APA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
CVE vs. APA - Financials Comparison
This section allows you to compare key financial metrics between Cenovus Energy Inc. and Apache Corporation. 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
CVE vs. APA - Profitability Comparison
CVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Cenovus Energy Inc. reported a gross profit of 3.11B and revenue of 14.21B. Therefore, the gross margin over that period was 21.9%.
APA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Apache Corporation reported a gross profit of 1.01B and revenue of 2.64B. Therefore, the gross margin over that period was 38.2%.
CVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Cenovus Energy Inc. reported an operating income of 1.28B and revenue of 14.21B, resulting in an operating margin of 9.0%.
APA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Apache Corporation reported an operating income of 773.00M and revenue of 2.64B, resulting in an operating margin of 29.3%.
CVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Cenovus Energy Inc. reported a net income of 859.00M and revenue of 14.21B, resulting in a net margin of 6.1%.
APA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Apache Corporation reported a net income of 347.00M and revenue of 2.64B, resulting in a net margin of 13.2%.