META vs. CNQ.TO
META (Meta Platforms, Inc.) and CNQ.TO (Canadian Natural Resources Limited) are both stocks. META operates in Internet Content & Information (Communication Services), while CNQ.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, META returned 17.39%/yr vs 22.38%/yr for CNQ.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
META vs. CNQ.TO - Performance Comparison
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Different Trading Currencies
META is traded in USD, while CNQ.TO is traded in CAD. To make them comparable, the CNQ.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, META achieves a -14.03% return, which is significantly lower than CNQ.TO's 34.88% return. Over the past 10 years, META has underperformed CNQ.TO with an annualized return of 17.39%, while CNQ.TO has yielded a comparatively higher 22.38% annualized return.
META
- 1D
- -0.26%
- 1M
- -7.69%
- YTD
- -14.03%
- 6M
- -11.84%
- 1Y
- -16.71%
- 3Y*
- 28.18%
- 5Y*
- 11.52%
- 10Y*
- 17.39%
CNQ.TO
- 1D
- -0.37%
- 1M
- -4.77%
- YTD
- 34.88%
- 6M
- 38.81%
- 1Y
- 39.22%
- 3Y*
- 25.15%
- 5Y*
- 30.05%
- 10Y*
- 22.38%
META vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
META Meta Platforms, Inc. | -14.03% | 13.09% | 66.05% | 194.13% | -64.22% | 23.13% | 33.09% | 56.57% | -25.71% | 53.38% |
CNQ.TO Canadian Natural Resources Limited | 34.88% | 15.70% | -0.18% | 30.08% | 53.38% | 91.35% | -10.82% | 44.81% | -27.46% | 18.95% |
Correlation
The correlation between META and CNQ.TO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.14 |
The correlation between META and CNQ.TO shifts across timeframes, from -0.15 (1 year) to 0.14 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
META:
$1.45T
CNQ.TO:
CA$132.89B
META:
$27.47
CNQ.TO:
CA$4.65
META:
20.64
CNQ.TO:
13.64
META:
0.85
CNQ.TO:
0.66
META:
6.78
CNQ.TO:
3.34
META:
5.97
CNQ.TO:
2.98
META:
$214.96B
CNQ.TO:
CA$39.61B
META:
$176.14B
CNQ.TO:
CA$12.42B
META:
$106.31B
CNQ.TO:
CA$17.78B
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Return for Risk
META vs. CNQ.TO — Risk / Return Rank
META
CNQ.TO
META vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meta Platforms, Inc. (META) 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.
| META | CNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.26 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 3.09 | -3.63 |
| Martin ratioReturn relative to average drawdown | -1.12 | 6.86 | -7.98 |
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Drawdowns
META vs. CNQ.TO - Drawdown Comparison
The maximum META drawdown since its inception was -76.74%, roughly equal to the maximum CNQ.TO drawdown of -76.64%. Use the drawdown chart below to compare losses from any high point for META and CNQ.TO.
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Drawdown Indicators
| META | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -76.64% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -33.30% | -14.43% | -18.87% |
Max Drawdown (3Y)Largest decline over 3 years | -34.15% | -36.25% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -36.25% | -40.49% |
Max Drawdown (10Y)Largest decline over 10 years | -76.74% | -76.64% | -0.10% |
Current DrawdownCurrent decline from peak | -28.06% | -9.55% | -18.51% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -21.20% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.06% | 6.49% | +9.57% |
Volatility
META vs. CNQ.TO - Volatility Comparison
Meta Platforms, Inc. (META) has a higher volatility of 10.17% compared to Canadian Natural Resources Limited (CNQ.TO) at 8.84%. This indicates that META's price experiences larger fluctuations and is considered to be riskier 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
| META | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 8.84% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 26.91% | 24.25% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.52% | 29.57% | +5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.04% | 31.39% | +12.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.67% | 38.81% | -0.14% |
Dividends
META vs. CNQ.TO - Dividend Comparison
META's dividend yield for the trailing twelve months is around 0.37%, 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% |
META Meta Platforms, Inc. | 0.37% | 0.32% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
META vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between Meta Platforms, 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
META vs. CNQ.TO - Profitability Comparison
META - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported a gross profit of 46.09B and revenue of 56.31B. Therefore, the gross margin over that period was 81.9%.
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%.
META - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported an operating income of 22.87B and revenue of 56.31B, resulting in an operating margin of 40.6%.
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%.
META - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported a net income of 26.77B and revenue of 56.31B, resulting in a net margin of 47.5%.
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
META and CNQ.TO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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