CVE vs. CNQ
Compare and contrast key facts about Cenovus Energy Inc. (CVE) and Canadian Natural Resources Limited (CNQ).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVE or CNQ.
Correlation
The correlation between CVE and CNQ 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 vs. CNQ - Performance Comparison
Key characteristics
CVE:
-0.34
CNQ:
-0.11
CVE:
-0.29
CNQ:
0.03
CVE:
0.96
CNQ:
1.00
CVE:
-0.19
CNQ:
-0.11
CVE:
-0.66
CNQ:
-0.25
CVE:
14.75%
CNQ:
11.89%
CVE:
28.28%
CNQ:
26.43%
CVE:
-95.01%
CNQ:
-81.11%
CVE:
-51.17%
CNQ:
-25.54%
Fundamentals
CVE:
$27.11B
CNQ:
$64.77B
CVE:
$1.40
CNQ:
$2.47
CVE:
10.55
CNQ:
12.39
CVE:
0.45
CNQ:
12.75
CVE:
$55.67B
CNQ:
$37.25B
CVE:
$9.49B
CNQ:
$10.84B
CVE:
$10.27B
CNQ:
$17.12B
Returns By Period
In the year-to-date period, CVE achieves a -10.37% return, which is significantly lower than CNQ's -5.45% return. Over the past 10 years, CVE has underperformed CNQ with an annualized return of -1.70%, while CNQ has yielded a comparatively higher 11.56% annualized return.
CVE
-10.37%
-10.01%
-21.38%
-10.48%
10.02%
-1.70%
CNQ
-5.45%
-11.35%
-12.11%
-4.53%
19.97%
11.56%
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Risk-Adjusted Performance
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.
Dividends
CVE vs. CNQ - Dividend Comparison
CVE's dividend yield for the trailing twelve months is around 4.11%, less than CNQ's 5.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 4.11% | 2.34% | 1.81% | 0.57% | 0.75% | 1.58% | 2.17% | 1.70% | 1.01% | 5.25% | 4.64% | 3.27% |
CNQ Canadian Natural Resources Limited | 5.22% | 4.17% | 6.31% | 3.70% | 5.15% | 3.42% | 5.92% | 2.34% | 2.19% | 3.22% | 2.60% | 1.62% |
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 -81.11%. Use the drawdown chart below to compare losses from any high point for CVE and CNQ. For additional features, visit the drawdowns tool.
Volatility
CVE vs. CNQ - Volatility Comparison
The current volatility for Cenovus Energy Inc. (CVE) is 7.40%, while Canadian Natural Resources Limited (CNQ) has a volatility of 7.94%. This indicates that CVE experiences smaller price fluctuations and is considered to be less risky than CNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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.
Total Revenue: Total amount of money received from sales and other business activities