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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.

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Key characteristics

Sharpe Ratio

CVE:

-0.79

CNQ:

-0.46

Sortino Ratio

CVE:

-0.94

CNQ:

-0.39

Omega Ratio

CVE:

0.88

CNQ:

0.95

Calmar Ratio

CVE:

-0.47

CNQ:

-0.37

Martin Ratio

CVE:

-1.19

CNQ:

-0.89

Ulcer Index

CVE:

24.87%

CNQ:

14.85%

Daily Std Dev

CVE:

39.18%

CNQ:

31.86%

Max Drawdown

CVE:

-95.01%

CNQ:

-81.12%

Current Drawdown

CVE:

-53.58%

CNQ:

-20.51%

Fundamentals

Market Cap

CVE:

$24.72B

CNQ:

$65.00B

EPS

CVE:

$1.10

CNQ:

$2.57

PE Ratio

CVE:

12.39

CNQ:

12.08

PEG Ratio

CVE:

0.45

CNQ:

12.75

PS Ratio

CVE:

0.45

CNQ:

1.69

PB Ratio

CVE:

1.15

CNQ:

2.23

Total Revenue (TTM)

CVE:

$58.53B

CNQ:

$43.23B

Gross Profit (TTM)

CVE:

$11.53B

CNQ:

$12.09B

EBITDA (TTM)

CVE:

$9.29B

CNQ:

$18.38B

Returns By Period

In the year-to-date period, CVE achieves a -9.50% return, which is significantly lower than CNQ's 2.27% return. Over the past 10 years, CVE has underperformed CNQ with an annualized return of 0.05%, while CNQ has yielded a comparatively higher 12.46% annualized return.


CVE

YTD

-9.50%

1M

12.42%

6M

-10.68%

1Y

-30.87%

3Y*

-13.36%

5Y*

27.76%

10Y*

0.05%

CNQ

YTD

2.27%

1M

6.17%

6M

-3.72%

1Y

-14.59%

3Y*

2.96%

5Y*

34.52%

10Y*

12.46%

*Annualized

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Cenovus Energy Inc.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

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 1616
Overall Rank
The Sharpe Ratio Rank of CVE is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of CVE is 1414
Sortino Ratio Rank
The Omega Ratio Rank of CVE is 1414
Omega Ratio Rank
The Calmar Ratio Rank of CVE is 2222
Calmar Ratio Rank
The Martin Ratio Rank of CVE is 1919
Martin Ratio Rank

CNQ
The Risk-Adjusted Performance Rank of CNQ is 2727
Overall Rank
The Sharpe Ratio Rank of CNQ is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of CNQ is 2525
Sortino Ratio Rank
The Omega Ratio Rank of CNQ is 2626
Omega Ratio Rank
The Calmar Ratio Rank of CNQ is 2828
Calmar Ratio Rank
The Martin Ratio Rank of CNQ is 3030
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 -0.79, which is lower than the CNQ Sharpe Ratio of -0.46. 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.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

CVE vs. CNQ - Dividend Comparison

CVE's dividend yield for the trailing twelve months is around 3.81%, less than CNQ's 5.05% yield.


TTM20242023202220212020201920182017201620152014
CVE
Cenovus Energy Inc.
3.81%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
5.05%5.03%4.17%6.33%3.77%5.24%3.49%5.97%2.39%2.23%3.26%2.63%

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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

CVE vs. CNQ - Volatility Comparison

Cenovus Energy Inc. (CVE) has a higher volatility of 11.57% compared to Canadian Natural Resources Limited (CNQ) at 8.50%. 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.


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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


5.00B10.00B15.00B20.00B20212022202320242025
14.21B
12.71B
(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%-10.0%0.0%10.0%20.0%30.0%40.0%20212022202320242025
21.9%
28.0%
(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 3.11B and revenue of 14.21B. Therefore, the gross margin over that period was 21.9%.

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 3.56B and revenue of 12.71B. Therefore, the gross margin over that period was 28.0%.

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%.

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 3.29B and revenue of 12.71B, resulting in an operating margin of 25.9%.

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%.

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 2.46B and revenue of 12.71B, resulting in a net margin of 19.3%.