KNX vs. CP

Last updated Jun 3, 2026

KNX (Knight-Swift Transportation Holdings Inc.) and CP (Canadian Pacific Railway Limited) are both stocks. Both are in the Industrials sector — KNX in Trucking, CP in Railroads. Over the past 10 years, KNX returned 12.48%/yr vs 14.06%/yr for CP. At a 0.32 correlation, their price movements are largely independent.

Performance

KNX vs. CP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Knight-Swift Transportation Holdings Inc. (KNX) and Canadian Pacific Railway Limited (CP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNX achieves a 48.96% return, which is significantly higher than CP's 22.69% return. Over the past 10 years, KNX has underperformed CP with an annualized return of 12.48%, while CP has yielded a comparatively higher 14.06% annualized return.

KNX

• 1D: -0.39%
• 1M: 21.28%
• YTD: 48.96%
• 6M: 60.02%
• 1Y: 78.90%
• 3Y*: 12.32%
• 5Y*: 11.51%
• 10Y*: 12.48%

CP

• 1D: 1.66%
• 1M: 4.56%
• YTD: 22.69%
• 6M: 25.93%
• 1Y: 11.75%
• 3Y*: 5.46%
• 5Y*: 2.97%
• 10Y*: 14.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KNX vs. CP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNX Knight-Swift Transportation Holdings Inc.	48.96%	0.09%	-6.86%	11.11%	-13.20%	46.82%	17.64%	44.01%	-42.30%	33.16%
CP Canadian Pacific Railway Limited	22.69%	2.60%	-7.84%	6.85%	4.71%	4.64%	37.33%	45.04%	-1.81%	29.32%

Correlation

The correlation between KNX and CP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 26, 1994	0.32

The correlation between KNX and CP shifts across timeframes, from 0.32 (all time) to 0.45 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap KNX : $12.66B CP : $80.89B
EPS KNX : $0.21 CP : $4.47
PE Ratio KNX : 371.78 CP : 20.18
PS Ratio KNX : 1.69 CP : 5.49
PB Ratio KNX : 1.80 CP : 1.71
Total Revenue (TTM) KNX : $7.50B CP : $14.98B
Gross Profit (TTM) KNX : $2.29B CP : $8.47B
EBITDA (TTM) KNX : $912.37M CP : $8.30B

Return for Risk

KNX vs. CP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KNX

KNX Risk / Return Rank: 86
KNX Sharpe Ratio Rank: 87
KNX Sortino Ratio Rank: 86
KNX Omega Ratio Rank: 82
KNX Calmar Ratio Rank: 88
KNX Martin Ratio Rank: 86

CP

CP Risk / Return Rank: 54
CP Sharpe Ratio Rank: 58
CP Sortino Ratio Rank: 52
CP Omega Ratio Rank: 49
CP Calmar Ratio Rank: 56
CP Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KNX vs. CP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Knight-Swift Transportation Holdings Inc. (KNX) and Canadian Pacific Railway Limited (CP). 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.

	KNX	CP	Difference
Sharpe ratio Return per unit of total volatility	2.03	0.53	+1.50
Sortino ratio Return per unit of downside risk	2.83	0.93	+1.90
Omega ratio Gain probability vs. loss probability	1.34	1.11	+0.23
Calmar ratio Return relative to maximum drawdown	4.11	0.70	+3.41
Martin ratio Return relative to average drawdown	9.86	1.34	+8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNX vs. CP - Sharpe Ratio Comparison

The current KNX Sharpe Ratio is 2.03, which is higher than the CP Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of KNX and CP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KNX	CP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	0.53	+1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.12	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.55	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.34	-0.06

Drawdowns

KNX vs. CP - Drawdown Comparison

The maximum KNX drawdown since its inception was -67.93%, roughly equal to the maximum CP drawdown of -69.17%. Use the drawdown chart below to compare losses from any high point for KNX and CP.

Drawdown Indicators

	KNX	CP	Difference
Max Drawdown Largest peak-to-trough decline	-67.93%	-69.17%	+1.24%
Max Drawdown (1Y) Largest decline over 1 year	-18.91%	-16.23%	-2.68%
Max Drawdown (3Y) Largest decline over 3 years	-35.85%	-25.88%	-9.97%
Max Drawdown (5Y) Largest decline over 5 years	-38.04%	-25.88%	-12.16%
Max Drawdown (10Y) Largest decline over 10 years	-51.57%	-33.70%	-17.87%
Current Drawdown Current decline from peak	-0.39%	-1.22%	+0.83%
Average Drawdown Average peak-to-trough decline	-16.28%	-20.30%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.89%	8.50%	-0.61%

Volatility

KNX vs. CP - Volatility Comparison

Knight-Swift Transportation Holdings Inc. (KNX) has a higher volatility of 16.23% compared to Canadian Pacific Railway Limited (CP) at 7.78%. This indicates that KNX's price experiences larger fluctuations and is considered to be riskier than CP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNX	CP	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.23%	7.78%	+8.45%
Volatility (6M) Calculated over the trailing 6-month period	28.50%	17.61%	+10.89%
Volatility (1Y) Calculated over the trailing 1-year period	39.10%	22.45%	+16.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.34%	24.46%	+8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.90%	25.65%	+8.25%

Dividends

KNX vs. CP - Dividend Comparison

KNX's dividend yield for the trailing twelve months is around 0.95%, more than CP's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CP Canadian Pacific Railway Limited	0.73%	0.86%	0.76%	0.78%	0.96%	0.84%	0.76%	0.93%	1.07%	0.92%	0.98%	0.98%
KNX Knight-Swift Transportation Holdings Inc.	0.95%	1.38%	1.21%	0.97%	0.92%	0.62%	0.77%	0.67%	0.96%	0.55%	0.73%	0.99%

Financials

KNX vs. CP - Profitability Comparison

The chart below illustrates the profitability comparison between Knight-Swift Transportation Holdings Inc. and Canadian Pacific Railway Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Knight-Swift Transportation Holdings Inc. reported a gross profit of 611.56M and revenue of 1.85B. Therefore, the gross margin over that period was 33.1%.

CP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported a gross profit of 2.55B and revenue of 3.70B. Therefore, the gross margin over that period was 69.0%.

KNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Knight-Swift Transportation Holdings Inc. reported an operating income of 28.58M and revenue of 1.85B, resulting in an operating margin of 1.5%.

CP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported an operating income of 1.26B and revenue of 3.70B, resulting in an operating margin of 34.0%.

KNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Knight-Swift Transportation Holdings Inc. reported a net income of -1.32M and revenue of 1.85B, resulting in a net margin of -0.1%.

CP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported a net income of 846.00M and revenue of 3.70B, resulting in a net margin of 22.9%.

Frequently Asked Questions

Can I hold both KNX and CP in my portfolio?

KNX and CP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNX or CP?

KNX has higher volatility (16.23%) compared to CP (7.78%). In terms of maximum drawdown, KNX dropped -67.93% vs CP's -69.17%.

Which has better risk-adjusted returns?

KNX currently has the higher Sharpe Ratio (2.03 vs 0.53), 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.