CVE vs. BP
Compare and contrast key facts about Cenovus Energy Inc. (CVE) and BP p.l.c. (BP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVE or BP.
Correlation
The correlation between CVE and BP is 0.62, 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.
Performance
CVE vs. BP - Performance Comparison
Key characteristics
CVE:
-0.10
BP:
-0.24
CVE:
0.05
BP:
-0.18
CVE:
1.01
BP:
0.98
CVE:
-0.06
BP:
-0.20
CVE:
-0.18
BP:
-0.38
CVE:
16.02%
BP:
13.65%
CVE:
28.01%
BP:
21.75%
CVE:
-95.01%
BP:
-69.44%
CVE:
-49.51%
BP:
-18.56%
Fundamentals
CVE:
$27.23B
BP:
$82.22B
CVE:
$1.39
BP:
$1.00
CVE:
10.73
BP:
31.09
CVE:
0.45
BP:
13.74
CVE:
$42.53B
BP:
$143.43B
CVE:
$8.43B
BP:
$24.45B
CVE:
$8.02B
BP:
$22.90B
Returns By Period
In the year-to-date period, CVE achieves a -1.58% return, which is significantly lower than BP's 5.18% return. Over the past 10 years, CVE has underperformed BP with an annualized return of -1.20%, while BP has yielded a comparatively higher 3.99% annualized return.
CVE
-1.58%
-2.23%
-25.79%
-1.15%
11.88%
-1.20%
BP
5.18%
3.70%
-8.14%
-5.85%
0.93%
3.99%
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Risk-Adjusted Performance
CVE vs. BP — Risk-Adjusted Performance Rank
CVE
BP
CVE vs. BP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE) and BP p.l.c. (BP). 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.
Dividends
CVE vs. BP - Dividend Comparison
CVE's dividend yield for the trailing twelve months is around 3.98%, less than BP's 5.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 3.98% | 3.92% | 2.34% | 1.81% | 0.57% | 0.75% | 1.58% | 2.17% | 1.70% | 1.01% | 5.25% | 4.64% |
BP BP p.l.c. | 5.88% | 6.18% | 4.71% | 3.94% | 4.83% | 9.21% | 6.51% | 6.36% | 5.66% | 6.37% | 7.63% | 6.14% |
Drawdowns
CVE vs. BP - Drawdown Comparison
The maximum CVE drawdown since its inception was -95.01%, which is greater than BP's maximum drawdown of -69.44%. Use the drawdown chart below to compare losses from any high point for CVE and BP. For additional features, visit the drawdowns tool.
Volatility
CVE vs. BP - Volatility Comparison
Cenovus Energy Inc. (CVE) and BP p.l.c. (BP) have volatilities of 6.31% and 6.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
CVE vs. BP - Financials Comparison
This section allows you to compare key financial metrics between Cenovus Energy Inc. and BP p.l.c.. 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