DHR vs. CNQ.TO
DHR (Danaher Corporation) and CNQ.TO (Canadian Natural Resources Limited) are both stocks. DHR operates in Diagnostics & Research (Healthcare), while CNQ.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, DHR returned 11.06%/yr vs 22.36%/yr for CNQ.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
DHR vs. CNQ.TO - Performance Comparison
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Different Trading Currencies
DHR is traded in USD, while CNQ.TO is traded in CAD. To make them comparable, the CNQ.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DHR achieves a -21.16% return, which is significantly lower than CNQ.TO's 34.74% return. Over the past 10 years, DHR has underperformed CNQ.TO with an annualized return of 11.06%, while CNQ.TO has yielded a comparatively higher 22.36% annualized return.
DHR
- 1D
- -0.38%
- 1M
- 8.50%
- YTD
- -21.16%
- 6M
- -20.15%
- 1Y
- -11.58%
- 3Y*
- -5.06%
- 5Y*
- -3.39%
- 10Y*
- 11.06%
CNQ.TO
- 1D
- -0.48%
- 1M
- -4.02%
- YTD
- 34.74%
- 6M
- 38.66%
- 1Y
- 44.24%
- 3Y*
- 25.10%
- 5Y*
- 30.02%
- 10Y*
- 22.36%
DHR vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHR Danaher Corporation | -21.16% | 0.35% | -0.35% | -1.22% | -19.02% | 48.57% | 45.34% | 49.55% | 11.80% | 20.01% |
CNQ.TO Canadian Natural Resources Limited | 34.74% | 15.70% | -0.18% | 30.08% | 53.38% | 91.35% | -10.82% | 44.81% | -27.46% | 18.95% |
Correlation
The correlation between DHR and CNQ.TO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.25 |
The correlation between DHR and CNQ.TO shifts across timeframes, from -0.13 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DHR:
$128.09B
CNQ.TO:
CA$132.89B
DHR:
$5.17
CNQ.TO:
CA$4.65
DHR:
34.85
CNQ.TO:
13.64
DHR:
5.19
CNQ.TO:
3.34
DHR:
2.42
CNQ.TO:
2.98
DHR:
$24.78B
CNQ.TO:
CA$39.61B
DHR:
$15.04B
CNQ.TO:
CA$12.42B
DHR:
$6.69B
CNQ.TO:
CA$17.78B
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Return for Risk
DHR vs. CNQ.TO — Risk / Return Rank
DHR
CNQ.TO
DHR vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Danaher Corporation (DHR) and Canadian Natural Resources Limited (CNQ.TO). 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.
| DHR | CNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.26 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.08 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.84 | 6.83 | -7.67 |
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Drawdowns
DHR vs. CNQ.TO - Drawdown Comparison
The maximum DHR drawdown since its inception was -45.80%, smaller than the maximum CNQ.TO drawdown of -76.64%. Use the drawdown chart below to compare losses from any high point for DHR and CNQ.TO.
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Drawdown Indicators
| DHR | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.80% | -76.64% | +30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -32.97% | -14.43% | -18.54% |
Max Drawdown (3Y)Largest decline over 3 years | -41.72% | -36.25% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | -36.25% | -7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -43.81% | -76.64% | +32.83% |
Current DrawdownCurrent decline from peak | -37.50% | -9.64% | -27.86% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -21.20% | +10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 6.49% | +7.36% |
Volatility
DHR vs. CNQ.TO - Volatility Comparison
Danaher Corporation (DHR) and Canadian Natural Resources Limited (CNQ.TO) have volatilities of 9.21% and 8.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHR | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 8.84% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.52% | 24.25% | -4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 29.57% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.03% | 31.39% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.55% | 38.81% | -13.26% |
Dividends
DHR vs. CNQ.TO - Dividend Comparison
DHR's dividend yield for the trailing twelve months is around 0.76%, less than CNQ.TO's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 3.77% | 5.05% | 6.00% | 8.53% | 12.23% | 7.63% | 11.35% | 7.29% | 8.31% | 5.00% | 4.49% | 6.22% |
DHR Danaher Corporation | 0.76% | 0.56% | 0.47% | 12.64% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 32.55% | 0.58% |
Financials
DHR vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between Danaher Corporation 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
DHR vs. CNQ.TO - Profitability Comparison
DHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported a gross profit of 3.59B and revenue of 5.95B. Therefore, the gross margin over that period was 60.3%.
CNQ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported a gross profit of 3.47B and revenue of 10.81B. Therefore, the gross margin over that period was 32.1%.
DHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported an operating income of 1.34B and revenue of 5.95B, resulting in an operating margin of 22.6%.
CNQ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported an operating income of 2.67B and revenue of 10.81B, resulting in an operating margin of 24.7%.
DHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported a net income of 1.03B and revenue of 5.95B, resulting in a net margin of 17.3%.
CNQ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Natural Resources Limited reported a net income of 1.35B and revenue of 10.81B, resulting in a net margin of 12.5%.
Frequently Asked Questions
DHR and CNQ.TO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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