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

Correlation

The correlation between CVE and CNQ 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.


Performance

CVE vs. CNQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cenovus Energy Inc. (CVE) and Canadian Natural Resources Limited (CNQ). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%250.00%December2025FebruaryMarchAprilMay
-26.41%
201.37%
CVE
CNQ

Key characteristics

Sharpe Ratio

CVE:

-0.94

CNQ:

-0.58

Sortino Ratio

CVE:

-1.26

CNQ:

-0.58

Omega Ratio

CVE:

0.84

CNQ:

0.93

Calmar Ratio

CVE:

-0.56

CNQ:

-0.47

Martin Ratio

CVE:

-1.51

CNQ:

-1.17

Ulcer Index

CVE:

23.80%

CNQ:

14.50%

Daily Std Dev

CVE:

38.66%

CNQ:

31.56%

Max Drawdown

CVE:

-95.01%

CNQ:

-81.12%

Current Drawdown

CVE:

-56.37%

CNQ:

-23.34%

Fundamentals

Market Cap

CVE:

$21.95B

CNQ:

$61.54B

EPS

CVE:

$1.21

CNQ:

$2.06

PE Ratio

CVE:

9.95

CNQ:

13.93

PEG Ratio

CVE:

0.45

CNQ:

12.75

PS Ratio

CVE:

0.40

CNQ:

1.65

PB Ratio

CVE:

1.00

CNQ:

2.13

Total Revenue (TTM)

CVE:

$44.33B

CNQ:

$28.92B

Gross Profit (TTM)

CVE:

$8.42B

CNQ:

$10.43B

EBITDA (TTM)

CVE:

$6.68B

CNQ:

$13.15B

Returns By Period

In the year-to-date period, CVE achieves a -14.95% return, which is significantly lower than CNQ's -1.37% return. Over the past 10 years, CVE has underperformed CNQ with an annualized return of -1.05%, while CNQ has yielded a comparatively higher 11.85% annualized return.


CVE

YTD

-14.95%

1M

20.60%

6M

-20.47%

1Y

-36.10%

5Y*

29.46%

10Y*

-1.05%

CNQ

YTD

-1.37%

1M

19.49%

6M

-11.44%

1Y

-18.15%

5Y*

36.63%

10Y*

11.85%

*Annualized

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Risk-Adjusted Performance

CVE vs. CNQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVE
The Risk-Adjusted Performance Rank of CVE is 1010
Overall Rank
The Sharpe Ratio Rank of CVE is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of CVE is 99
Sortino Ratio Rank
The Omega Ratio Rank of CVE is 1010
Omega Ratio Rank
The Calmar Ratio Rank of CVE is 1616
Calmar Ratio Rank
The Martin Ratio Rank of CVE is 77
Martin Ratio Rank

CNQ
The Risk-Adjusted Performance Rank of CNQ is 2222
Overall Rank
The Sharpe Ratio Rank of CNQ is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of CNQ is 2222
Sortino Ratio Rank
The Omega Ratio Rank of CNQ is 2323
Omega Ratio Rank
The Calmar Ratio Rank of CNQ is 2222
Calmar Ratio Rank
The Martin Ratio Rank of CNQ is 2121
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CVE vs. CNQ - Risk-Adjusted Performance Comparison

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


The current CVE Sharpe Ratio is -0.94, which is lower than the CNQ Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of CVE and CNQ, 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-1.50-1.00-0.500.000.50December2025FebruaryMarchAprilMay
-0.94
-0.58
CVE
CNQ

Dividends

CVE vs. CNQ - Dividend Comparison

CVE's dividend yield for the trailing twelve months is around 4.83%, less than CNQ's 5.22% yield.


TTM20242023202220212020201920182017201620152014
CVE
Cenovus Energy Inc.
4.83%3.92%2.33%1.81%0.57%0.75%1.58%2.17%1.70%1.01%5.25%4.64%
CNQ
Canadian Natural Resources Limited
5.22%5.02%4.17%6.31%3.70%5.15%3.42%5.92%2.34%2.19%3.21%2.60%

Drawdowns

CVE vs. CNQ - Drawdown Comparison

The maximum CVE drawdown since its inception was -95.01%, which is greater than CNQ's maximum drawdown of -81.12%. Use the drawdown chart below to compare losses from any high point for CVE and CNQ. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%December2025FebruaryMarchAprilMay
-56.37%
-23.34%
CVE
CNQ

Volatility

CVE vs. CNQ - Volatility Comparison

Cenovus Energy Inc. (CVE) has a higher volatility of 19.04% compared to Canadian Natural Resources Limited (CNQ) at 14.64%. This indicates that CVE's price experiences larger fluctuations and is considered to be riskier than CNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
19.04%
14.64%
CVE
CNQ

Financials

CVE vs. CNQ - 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


5.00B10.00B15.00B20.00BAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
15.20B
9.47B
(CVE) Total Revenue
(CNQ) Total Revenue
Values in USD except per share items

CVE vs. CNQ - Profitability Comparison

The chart below illustrates the profitability comparison between Cenovus Energy Inc. and Canadian Natural Resources Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

-20.0%0.0%20.0%40.0%60.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
18.0%
50.3%
(CVE) Gross Margin
(CNQ) Gross Margin
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 2.74B and revenue of 15.20B. Therefore, the gross margin over that period was 18.0%.

CNQ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Canadian Natural Resources Limited reported a gross profit of 4.76B and revenue of 9.47B. Therefore, the gross margin over that period was 50.3%.

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 841.00M and revenue of 15.20B, resulting in an operating margin of 5.5%.

CNQ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Canadian Natural Resources Limited reported an operating income of 4.59B and revenue of 9.47B, resulting in an operating margin of 48.5%.

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 146.00M and revenue of 15.20B, resulting in a net margin of 1.0%.

CNQ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Canadian Natural Resources Limited reported a net income of 1.14B and revenue of 9.47B, resulting in a net margin of 12.0%.