CVE vs. SU
CVE (Cenovus Energy Inc.) and SU (Suncor Energy Inc.) are both stocks. Both operate in the Oil & Gas Integrated industry within the Energy sector. Over the past 10 years, CVE returned 8.70%/yr vs 12.24%/yr for SU. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
CVE vs. SU - Performance Comparison
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Returns By Period
In the year-to-date period, CVE achieves a 53.52% return, which is significantly higher than SU's 28.59% return. Over the past 10 years, CVE has underperformed SU with an annualized return of 8.70%, while SU has yielded a comparatively higher 12.24% annualized return.
CVE
- 1D
- 2.03%
- 1M
- -14.10%
- YTD
- 53.52%
- 6M
- 55.35%
- 1Y
- 80.54%
- 3Y*
- 20.70%
- 5Y*
- 24.37%
- 10Y*
- 8.70%
SU
- 1D
- 1.63%
- 1M
- -15.94%
- YTD
- 28.59%
- 6M
- 32.81%
- 1Y
- 44.95%
- 3Y*
- 30.95%
- 5Y*
- 23.12%
- 10Y*
- 12.24%
CVE vs. SU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 53.52% | 15.84% | -5.83% | -12.30% | 60.93% | 104.72% | -39.59% | 46.98% | -21.51% | -38.38% |
SU Suncor Energy Inc. | 28.59% | 29.69% | 16.22% | 6.40% | 32.31% | 54.94% | -46.67% | 22.10% | -21.27% | 17.86% |
Correlation
The correlation between CVE and SU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.75 |
The correlation between CVE and SU has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
Fundamentals
CVE:
$48.24B
SU:
$66.86B
CVE:
CA$2.52
SU:
CA$5.24
CVE:
14.43
SU:
15.20
CVE:
0.06
SU:
0.55
CVE:
1.36
SU:
1.85
CVE:
2.10
SU:
2.07
CVE:
CA$49.40B
SU:
CA$52.01B
CVE:
CA$9.68B
SU:
CA$28.85B
CVE:
CA$11.54B
SU:
CA$16.36B
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Return for Risk
CVE vs. SU — Risk / Return Rank
CVE
SU
CVE vs. SU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE) and Suncor Energy Inc. (SU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVE | SU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.24 | +1.72 |
| Martin ratioReturn relative to average drawdown | 15.20 | 9.65 | +5.55 |
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Drawdowns
CVE vs. SU - Drawdown Comparison
The maximum CVE drawdown since its inception was -94.87%, which is greater than SU's maximum drawdown of -80.22%. Use the drawdown chart below to compare losses from any high point for CVE and SU.
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Drawdown Indicators
| CVE | SU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.87% | -80.22% | -14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -20.44% | -20.12% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -49.57% | -22.42% | -27.15% |
Max Drawdown (5Y)Largest decline over 5 years | -53.51% | -36.58% | -16.93% |
Max Drawdown (10Y)Largest decline over 10 years | -89.22% | -73.54% | -15.68% |
Current DrawdownCurrent decline from peak | -18.83% | -18.83% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -27.40% | -16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 4.78% | +0.64% |
Volatility
CVE vs. SU - Volatility Comparison
Cenovus Energy Inc. (CVE) has a higher volatility of 11.39% compared to Suncor Energy Inc. (SU) at 9.58%. This indicates that CVE's price experiences larger fluctuations and is considered to be riskier than SU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVE | SU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.39% | 9.58% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 27.29% | 20.33% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.05% | 24.58% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.20% | 32.89% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.58% | 36.95% | +13.63% |
Dividends
CVE vs. SU - Dividend Comparison
CVE's dividend yield for the trailing twelve months is around 2.31%, less than SU's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 2.31% | 3.32% | 3.92% | 2.33% | 1.81% | 0.56% | 0.75% | 1.58% | 2.34% | 2.19% | 1.32% | 6.75% |
SU Suncor Energy Inc. | 3.05% | 3.72% | 4.51% | 5.27% | 4.56% | 3.34% | 4.93% | 3.84% | 4.24% | 4.16% | 3.55% | 4.42% |
Financials
CVE vs. SU - Financials Comparison
This section allows you to compare key financial metrics between Cenovus Energy Inc. and Suncor Energy Inc.. 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
CVE vs. SU - Profitability Comparison
CVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cenovus Energy Inc. reported a gross profit of 2.71B and revenue of 12.39B. Therefore, the gross margin over that period was 21.9%.
SU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported a gross profit of 7.53B and revenue of 15.42B. Therefore, the gross margin over that period was 48.8%.
CVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cenovus Energy Inc. reported an operating income of 2.30B and revenue of 12.39B, resulting in an operating margin of 18.6%.
SU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported an operating income of 2.90B and revenue of 15.42B, resulting in an operating margin of 18.8%.
CVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cenovus Energy Inc. reported a net income of 1.57B and revenue of 12.39B, resulting in a net margin of 12.7%.
SU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported a net income of 2.10B and revenue of 15.42B, resulting in a net margin of 13.6%.
Frequently Asked Questions
CVE and SU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVE has higher volatility (11.39%) compared to SU (9.58%). In terms of maximum drawdown, CVE dropped -94.87% vs SU's -80.22%.
CVE currently has the higher Sharpe Ratio (2.31 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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