INEQ vs. CNQ
INEQ (Columbia International Equity Income ETF) is Foreign Large Cap Equities fund actively managed by Columbia Threadneedle, while CNQ (Canadian Natural Resources Limited) is a stock. Over the past 10 years, INEQ returned 9.78%/yr vs 16.43%/yr for CNQ. At a 0.39 correlation, their price movements are largely independent.
Performance
INEQ vs. CNQ - Performance Comparison
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Returns By Period
In the year-to-date period, INEQ achieves a 8.50% return, which is significantly lower than CNQ's 32.28% return. Over the past 10 years, INEQ has underperformed CNQ with an annualized return of 9.78%, while CNQ has yielded a comparatively higher 16.43% annualized return.
INEQ
- 1D
- 0.21%
- 1M
- 1.41%
- 6M
- 6.88%
- YTD
- 8.50%
- 1Y
- 24.79%
- 3Y*
- 18.66%
- 5Y*
- 12.78%
- 10Y*
- 9.78%
CNQ
- 1D
- 2.40%
- 1M
- 4.61%
- 6M
- 30.36%
- YTD
- 32.28%
- 1Y
- 48.17%
- 3Y*
- 20.63%
- 5Y*
- 28.85%
- 10Y*
- 16.43%
INEQ vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INEQ Columbia International Equity Income ETF | 8.50% | 39.85% | 6.02% | 20.88% | -5.95% | 10.18% | -0.52% | 15.83% | -18.30% | 24.88% |
CNQ Canadian Natural Resources Limited | 32.28% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
Correlation
The correlation between INEQ and CNQ is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2016 | 0.39 |
The correlation between INEQ and CNQ shifts across timeframes, from -0.02 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
INEQ vs. CNQ — Risk / Return Rank
INEQ
CNQ
INEQ vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) 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.
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.
| INEQ | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.26 | +0.35 |
| Martin ratioReturn relative to average drawdown | 8.35 | 6.93 | +1.42 |
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Drawdowns
INEQ vs. CNQ - Drawdown Comparison
The maximum INEQ drawdown since its inception was -41.71%, smaller than the maximum CNQ drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for INEQ and CNQ.
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Drawdown Indicators
| INEQ | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -80.75% | +39.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -21.45% | +11.89% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | -35.85% | +21.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -35.85% | +11.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -77.84% | +36.13% |
Current DrawdownCurrent decline from peak | -2.44% | -11.42% | +8.98% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -23.49% | +16.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 6.97% | -3.99% |
Volatility
INEQ vs. CNQ - Volatility Comparison
The current volatility for Columbia International Equity Income ETF (INEQ) is 3.43%, while Canadian Natural Resources Limited (CNQ) has a volatility of 9.61%. This indicates that INEQ 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.
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Volatility by Period
| INEQ | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 9.61% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 23.45% | -12.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.65% | 29.71% | -16.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 32.83% | -17.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 40.23% | -23.88% |
Dividends
INEQ vs. CNQ - Dividend Comparison
INEQ's dividend yield for the trailing twelve months is around 9.62%, more than CNQ's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 4.02% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
INEQ Columbia International Equity Income ETF | 9.62% | 9.76% | 3.11% | 3.27% | 3.57% | 3.43% | 2.64% | 3.34% | 7.25% | 4.63% | 2.52% | 0.00% |
Frequently Asked Questions
INEQ and CNQ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNQ has higher volatility (9.61%) compared to INEQ (3.43%). In terms of maximum drawdown, INEQ dropped -41.71% vs CNQ's -80.75%.
INEQ currently has the higher Sharpe Ratio (1.83 vs 1.63), 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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