MAIN vs. CNQ
MAIN (Main Street Capital Corporation) and CNQ (Canadian Natural Resources Limited) are both stocks. MAIN operates in Asset Management (Financial Services), while CNQ operates in Oil & Gas E&P (Energy). Over the past 10 years, MAIN returned 12.99%/yr vs 18.22%/yr for CNQ. At a 0.29 correlation, their price movements are largely independent.
Performance
MAIN vs. CNQ - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -12.08% return, which is significantly lower than CNQ's 37.99% return. Over the past 10 years, MAIN has underperformed CNQ with an annualized return of 12.99%, while CNQ has yielded a comparatively higher 18.22% annualized return.
MAIN
- 1D
- -0.35%
- 1M
- -4.41%
- YTD
- -12.08%
- 6M
- -13.81%
- 1Y
- -3.91%
- 3Y*
- 17.77%
- 5Y*
- 12.53%
- 10Y*
- 12.99%
CNQ
- 1D
- 1.29%
- 1M
- 3.95%
- YTD
- 37.99%
- 6M
- 38.89%
- 1Y
- 53.83%
- 3Y*
- 23.71%
- 5Y*
- 26.79%
- 10Y*
- 18.22%
MAIN vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -12.08% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | -19.54% | 36.88% | -8.27% | 16.62% |
CNQ Canadian Natural Resources Limited | 37.99% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
Correlation
The correlation between MAIN and CNQ is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2007 | 0.29 |
The correlation between MAIN and CNQ shifts across timeframes, from -0.05 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MAIN:
$4.66B
CNQ:
$97.03B
MAIN:
$5.22
CNQ:
$4.65
MAIN:
9.85
CNQ:
9.95
MAIN:
1.12
CNQ:
0.48
MAIN:
6.55
CNQ:
2.37
MAIN:
1.51
CNQ:
2.17
MAIN:
$704.17M
CNQ:
$40.74B
MAIN:
$499.08M
CNQ:
$12.53B
MAIN:
$396.90M
CNQ:
$22.99B
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Return for Risk
MAIN vs. CNQ — Risk / Return Rank
MAIN
CNQ
MAIN vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) 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.
| MAIN | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.30 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.82 | -3.99 |
| Martin ratioReturn relative to average drawdown | -0.36 | 8.73 | -9.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAIN | CNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.87 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.82 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.45 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.41 | +0.15 |
Drawdowns
MAIN vs. CNQ - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, smaller than the maximum CNQ drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for MAIN and CNQ.
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Drawdown Indicators
| MAIN | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -80.75% | +16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -14.16% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -35.85% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -35.85% | +8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | -77.84% | +13.31% |
Current DrawdownCurrent decline from peak | -19.30% | -7.60% | -11.70% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -23.52% | +16.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | 6.18% | +4.74% |
Volatility
MAIN vs. CNQ - Volatility Comparison
Main Street Capital Corporation (MAIN) and Canadian Natural Resources Limited (CNQ) have volatilities of 8.66% and 8.80%, 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
| MAIN | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 8.80% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 23.90% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.94% | 28.96% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 32.84% | -11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 40.26% | -12.95% |
Dividends
MAIN vs. CNQ - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.35%, more than CNQ's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 3.76% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
MAIN Main Street Capital Corporation | 8.35% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
Financials
MAIN vs. CNQ - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital 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
MAIN vs. CNQ - Profitability Comparison
MAIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported a gross profit of 0.00 and revenue of 140.11M. Therefore, the gross margin over that period was 0.0%.
CNQ - 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 3.48B and revenue of 10.84B. Therefore, the gross margin over that period was 32.1%.
MAIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported an operating income of 0.00 and revenue of 140.11M, resulting in an operating margin of 0.0%.
CNQ - 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 2.68B and revenue of 10.84B, resulting in an operating margin of 24.7%.
MAIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported a net income of 90.82M and revenue of 140.11M, resulting in a net margin of 64.8%.
CNQ - 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 10.84B, resulting in a net margin of 12.5%.
Frequently Asked Questions
MAIN and CNQ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNQ has higher volatility (8.80%) compared to MAIN (8.66%). In terms of maximum drawdown, MAIN dropped -64.53% vs CNQ's -80.75%.
CNQ currently has the higher Sharpe Ratio (1.87 vs -0.16), 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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