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

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.


-0.50.00.51.00.8

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%JulyAugustSeptemberOctoberNovemberDecember
-17.65%
192.97%
CVE
CNQ

Key characteristics

Sharpe Ratio

CVE:

-0.34

CNQ:

-0.11

Sortino Ratio

CVE:

-0.29

CNQ:

0.03

Omega Ratio

CVE:

0.96

CNQ:

1.00

Calmar Ratio

CVE:

-0.19

CNQ:

-0.11

Martin Ratio

CVE:

-0.66

CNQ:

-0.25

Ulcer Index

CVE:

14.75%

CNQ:

11.89%

Daily Std Dev

CVE:

28.28%

CNQ:

26.43%

Max Drawdown

CVE:

-95.01%

CNQ:

-81.11%

Current Drawdown

CVE:

-51.17%

CNQ:

-25.54%

Fundamentals

Market Cap

CVE:

$27.11B

CNQ:

$64.77B

EPS

CVE:

$1.40

CNQ:

$2.47

PE Ratio

CVE:

10.55

CNQ:

12.39

PEG Ratio

CVE:

0.45

CNQ:

12.75

Total Revenue (TTM)

CVE:

$55.67B

CNQ:

$37.25B

Gross Profit (TTM)

CVE:

$9.49B

CNQ:

$10.84B

EBITDA (TTM)

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

YTD

-10.37%

1M

-10.01%

6M

-21.38%

1Y

-10.48%

5Y*

10.02%

10Y*

-1.70%

CNQ

YTD

-5.45%

1M

-11.35%

6M

-12.11%

1Y

-4.53%

5Y*

19.97%

10Y*

11.56%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for CVE, currently valued at -0.34, compared to the broader market-4.00-2.000.002.00-0.34-0.11
The chart of Sortino ratio for CVE, currently valued at -0.29, compared to the broader market-4.00-2.000.002.004.00-0.290.03
The chart of Omega ratio for CVE, currently valued at 0.96, compared to the broader market0.501.001.502.000.961.00
The chart of Calmar ratio for CVE, currently valued at -0.19, compared to the broader market0.002.004.006.00-0.19-0.11
The chart of Martin ratio for CVE, currently valued at -0.66, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.66-0.25
CVE
CNQ

The current CVE Sharpe Ratio is -0.34, which is lower than the CNQ Sharpe Ratio of -0.11. 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-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
-0.34
-0.11
CVE
CNQ

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.


TTM20232022202120202019201820172016201520142013
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.


-50.00%-40.00%-30.00%-20.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-51.17%
-25.54%
CVE
CNQ

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.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
7.40%
7.94%
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


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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