IMO vs. NA.TO
IMO (Imperial Oil Limited) and NA.TO (National Bank of Canada) are both stocks. IMO operates in Oil & Gas Integrated (Energy), while NA.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, IMO returned 17.61%/yr vs 20.45%/yr for NA.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
IMO vs. NA.TO - Performance Comparison
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Different Trading Currencies
IMO is traded in USD, while NA.TO is traded in CAD. To make them comparable, the NA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMO achieves a 41.99% return, which is significantly higher than NA.TO's 19.97% return. Over the past 10 years, IMO has underperformed NA.TO with an annualized return of 17.61%, while NA.TO has yielded a comparatively higher 20.45% annualized return.
IMO
- 1D
- 0.26%
- 1M
- -7.93%
- YTD
- 41.99%
- 6M
- 33.35%
- 1Y
- 51.33%
- 3Y*
- 37.72%
- 5Y*
- 32.35%
- 10Y*
- 17.61%
NA.TO
- 1D
- 0.43%
- 1M
- 0.01%
- YTD
- 19.97%
- 6M
- 21.53%
- 1Y
- 55.42%
- 3Y*
- 31.81%
- 5Y*
- 19.02%
- 10Y*
- 20.45%
IMO vs. NA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 41.99% | 43.85% | 10.47% | 20.89% | 38.00% | 95.29% | -25.37% | 7.16% | -17.21% | -8.36% |
NA.TO National Bank of Canada | 19.97% | 42.66% | 24.14% | 18.35% | -7.33% | 39.09% | 6.54% | 39.80% | -14.14% | 28.47% |
Correlation
The correlation between IMO and NA.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.32 |
The correlation between IMO and NA.TO shifts across timeframes, from -0.01 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
IMO:
$58.80B
NA.TO:
CA$82.13B
IMO:
$5.87
NA.TO:
CA$11.69
IMO:
20.67
NA.TO:
17.95
IMO:
0.45
NA.TO:
5.02
IMO:
1.30
NA.TO:
3.03
IMO:
2.58
NA.TO:
2.65
IMO:
$46.55B
NA.TO:
CA$27.33B
IMO:
$7.69B
NA.TO:
CA$14.01B
IMO:
$6.36B
NA.TO:
CA$6.37B
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Return for Risk
IMO vs. NA.TO — Risk / Return Rank
IMO
NA.TO
IMO vs. NA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Imperial Oil Limited (IMO) and National Bank of Canada (NA.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.
| IMO | NA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.61 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 5.85 | -2.38 |
| Martin ratioReturn relative to average drawdown | 10.04 | 19.65 | -9.61 |
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Drawdowns
IMO vs. NA.TO - Drawdown Comparison
The maximum IMO drawdown since its inception was -84.82%, which is greater than NA.TO's maximum drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for IMO and NA.TO.
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Drawdown Indicators
| IMO | NA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -60.25% | -24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -9.74% | -6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -23.63% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -25.64% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -76.96% | -52.59% | -24.37% |
Current DrawdownCurrent decline from peak | -11.88% | -2.88% | -9.00% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -9.09% | -12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 2.89% | +2.80% |
Volatility
IMO vs. NA.TO - Volatility Comparison
Imperial Oil Limited (IMO) has a higher volatility of 9.97% compared to National Bank of Canada (NA.TO) at 5.98%. This indicates that IMO's price experiences larger fluctuations and is considered to be riskier than NA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMO | NA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 5.98% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 14.12% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 16.79% | +10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.66% | 18.83% | +13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.55% | 22.22% | +13.33% |
Dividends
IMO vs. NA.TO - Dividend Comparison
IMO's dividend yield for the trailing twelve months is around 1.90%, less than NA.TO's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 1.90% | 2.40% | 2.84% | 2.73% | 2.30% | 2.28% | 3.50% | 2.41% | 2.36% | 2.02% | 1.70% | 1.66% |
NA.TO National Bank of Canada | 2.31% | 2.75% | 3.36% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% |
Financials
IMO vs. NA.TO - Financials Comparison
This section allows you to compare key financial metrics between Imperial Oil Limited and National Bank of Canada. 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
IMO vs. NA.TO - Profitability Comparison
IMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported a gross profit of 2.51B and revenue of 12.45B. Therefore, the gross margin over that period was 20.2%.
NA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported a gross profit of 3.66B and revenue of 8.07B. Therefore, the gross margin over that period was 45.4%.
IMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported an operating income of 1.23B and revenue of 12.45B, resulting in an operating margin of 9.9%.
NA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported an operating income of 1.62B and revenue of 8.07B, resulting in an operating margin of 20.0%.
IMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported a net income of 940.00M and revenue of 12.45B, resulting in a net margin of 7.6%.
NA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported a net income of 1.23B and revenue of 8.07B, resulting in a net margin of 15.3%.
Frequently Asked Questions
IMO and NA.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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