FTS.TO vs. CNQ.TO
FTS.TO (Fortis Inc.) and CNQ.TO (Canadian Natural Resources Limited) are both stocks. FTS.TO operates in Utilities - Regulated Electric (Utilities), while CNQ.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, FTS.TO returned 10.80%/yr vs 23.43%/yr for CNQ.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
FTS.TO vs. CNQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FTS.TO achieves a 13.43% return, which is significantly lower than CNQ.TO's 37.61% return. Over the past 10 years, FTS.TO has underperformed CNQ.TO with an annualized return of 10.80%, while CNQ.TO has yielded a comparatively higher 23.43% annualized return.
FTS.TO
- 1D
- 0.99%
- 1M
- 5.79%
- YTD
- 13.43%
- 6M
- 15.37%
- 1Y
- 25.87%
- 3Y*
- 16.29%
- 5Y*
- 11.27%
- 10Y*
- 10.80%
CNQ.TO
- 1D
- -0.19%
- 1M
- -4.06%
- YTD
- 37.61%
- 6M
- 40.79%
- 1Y
- 43.07%
- 3Y*
- 27.02%
- 5Y*
- 33.86%
- 10Y*
- 23.43%
FTS.TO vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTS.TO Fortis Inc. | 13.43% | 23.93% | 14.24% | 4.76% | -7.87% | 21.81% | 0.04% | 22.71% | 2.74% | 15.29% |
CNQ.TO Canadian Natural Resources Limited | 37.61% | 10.42% | 8.27% | 26.98% | 63.10% | 91.26% | -12.94% | 38.84% | -21.36% | 10.89% |
Correlation
The correlation between FTS.TO and CNQ.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.14 |
The correlation between FTS.TO and CNQ.TO shifts across timeframes, from -0.03 (5 years) to 0.14 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FTS.TO:
CA$40.48B
CNQ.TO:
CA$132.89B
FTS.TO:
CA$3.56
CNQ.TO:
CA$4.65
FTS.TO:
22.34
CNQ.TO:
13.64
FTS.TO:
3.25
CNQ.TO:
0.66
FTS.TO:
3.30
CNQ.TO:
3.34
FTS.TO:
1.78
CNQ.TO:
2.98
FTS.TO:
CA$12.21B
CNQ.TO:
CA$39.61B
FTS.TO:
CA$3.98B
CNQ.TO:
CA$12.42B
FTS.TO:
CA$5.87B
CNQ.TO:
CA$17.78B
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Return for Risk
FTS.TO vs. CNQ.TO — Risk / Return Rank
FTS.TO
CNQ.TO
FTS.TO vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS.TO) 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.
| FTS.TO | CNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 3.12 | +1.21 |
| Martin ratioReturn relative to average drawdown | 10.47 | 7.98 | +2.49 |
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Drawdowns
FTS.TO vs. CNQ.TO - Drawdown Comparison
The maximum FTS.TO drawdown since its inception was -28.27%, smaller than the maximum CNQ.TO drawdown of -74.63%. Use the drawdown chart below to compare losses from any high point for FTS.TO and CNQ.TO.
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Drawdown Indicators
| FTS.TO | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.27% | -74.63% | +46.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -15.33% | +9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -33.12% | +22.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.01% | -33.12% | +9.11% |
Max Drawdown (10Y)Largest decline over 10 years | -28.27% | -74.63% | +46.36% |
Current DrawdownCurrent decline from peak | 0.00% | -8.72% | +8.72% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -17.63% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 5.98% | -3.47% |
Volatility
FTS.TO vs. CNQ.TO - Volatility Comparison
The current volatility for Fortis Inc. (FTS.TO) is 4.96%, while Canadian Natural Resources Limited (CNQ.TO) has a volatility of 8.91%. This indicates that FTS.TO experiences smaller price fluctuations and is considered to be less risky than CNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTS.TO | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 8.91% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 24.23% | -13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 28.98% | -15.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 30.61% | -16.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 38.12% | -21.26% |
Dividends
FTS.TO vs. CNQ.TO - Dividend Comparison
FTS.TO's dividend yield for the trailing twelve months is around 3.18%, 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 | 2.84% | 5.05% | 6.00% | 8.53% | 12.23% | 7.63% | 11.35% | 7.29% | 8.31% | 5.00% | 4.49% | 6.22% |
FTS.TO Fortis Inc. | 3.18% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
Financials
FTS.TO vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between Fortis 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
FTS.TO vs. CNQ.TO - Profitability Comparison
FTS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a gross profit of 933.00M and revenue of 3.38B. Therefore, the gross margin over that period was 27.6%.
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%.
FTS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported an operating income of 933.00M and revenue of 3.38B, resulting in an operating margin of 27.6%.
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%.
FTS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a net income of 523.00M and revenue of 3.38B, resulting in a net margin of 15.5%.
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
FTS.TO and CNQ.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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