MUR vs. CNQ
MUR (Murphy Oil Corporation) and CNQ (Canadian Natural Resources Limited) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, MUR returned 6.12%/yr vs 18.07%/yr for CNQ. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
MUR vs. CNQ - Performance Comparison
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Returns By Period
In the year-to-date period, MUR achieves a 30.37% return, which is significantly lower than CNQ's 42.08% return. Over the past 10 years, MUR has underperformed CNQ with an annualized return of 6.12%, while CNQ has yielded a comparatively higher 18.07% annualized return.
MUR
- 1D
- 2.04%
- 1M
- -3.25%
- YTD
- 30.37%
- 6M
- 25.36%
- 1Y
- 92.76%
- 3Y*
- 6.89%
- 5Y*
- 14.22%
- 10Y*
- 6.12%
CNQ
- 1D
- -0.06%
- 1M
- -0.40%
- YTD
- 42.08%
- 6M
- 41.38%
- 1Y
- 61.82%
- 3Y*
- 25.66%
- 5Y*
- 27.14%
- 10Y*
- 18.07%
MUR vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUR Murphy Oil Corporation | 30.37% | 8.68% | -26.77% | 1.98% | 68.50% | 121.37% | -52.74% | 19.48% | -22.09% | 3.41% |
CNQ Canadian Natural Resources Limited | 42.08% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
Correlation
The correlation between MUR and CNQ is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2000 | 0.66 |
The correlation between MUR and CNQ has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
Fundamentals
MUR:
$5.77B
CNQ:
$99.90B
MUR:
$369.23
CNQ:
$4.65
MUR:
0.11
CNQ:
10.25
MUR:
0.00
CNQ:
0.49
MUR:
0.01
CNQ:
2.44
MUR:
0.00
CNQ:
2.23
MUR:
$735.60B
CNQ:
$40.74B
MUR:
$1.73B
CNQ:
$12.53B
MUR:
$329.24B
CNQ:
$22.99B
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Return for Risk
MUR vs. CNQ — Risk / Return Rank
MUR
CNQ
MUR vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Murphy Oil Corporation (MUR) 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.
| MUR | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 4.39 | +1.02 |
| Martin ratioReturn relative to average drawdown | 12.70 | 10.10 | +2.60 |
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
| MUR | CNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 2.17 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.83 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.45 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.41 | -0.21 |
Drawdowns
MUR vs. CNQ - Drawdown Comparison
The maximum MUR drawdown since its inception was -92.11%, which is greater than CNQ's maximum drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for MUR and CNQ.
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Drawdown Indicators
| MUR | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.11% | -80.75% | -11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.26% | -14.16% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -58.47% | -35.85% | -22.62% |
Max Drawdown (5Y)Largest decline over 5 years | -58.47% | -35.85% | -22.62% |
Max Drawdown (10Y)Largest decline over 10 years | -86.10% | -77.84% | -8.26% |
Current DrawdownCurrent decline from peak | -16.65% | -4.86% | -11.79% |
Average DrawdownAverage peak-to-trough decline | -26.26% | -23.53% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 6.14% | +1.19% |
Volatility
MUR vs. CNQ - Volatility Comparison
Murphy Oil Corporation (MUR) has a higher volatility of 13.13% compared to Canadian Natural Resources Limited (CNQ) at 9.25%. This indicates that MUR's price experiences larger fluctuations and is considered to be riskier 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
| MUR | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 9.25% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 34.97% | 23.51% | +11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.38% | 28.67% | +18.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.01% | 32.78% | +13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.37% | 40.26% | +15.11% |
Dividends
MUR vs. CNQ - Dividend Comparison
MUR's dividend yield for the trailing twelve months is around 3.38%, less than CNQ's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 3.65% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
MUR Murphy Oil Corporation | 3.38% | 4.16% | 3.97% | 2.58% | 1.92% | 1.91% | 5.17% | 3.73% | 4.28% | 3.22% | 3.85% | 6.24% |
Financials
MUR vs. CNQ - Financials Comparison
This section allows you to compare key financial metrics between Murphy Oil 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
MUR vs. CNQ - Profitability Comparison
MUR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Murphy Oil Corporation reported a gross profit of 0.00 and revenue of 733.55B. 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%.
MUR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Murphy Oil Corporation reported an operating income of 1.20B and revenue of 733.55B, resulting in an operating margin of 0.2%.
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%.
MUR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Murphy Oil Corporation reported a net income of 52.99B and revenue of 733.55B, resulting in a net margin of 7.2%.
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
MUR and CNQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUR has higher volatility (13.13%) compared to CNQ (9.25%). In terms of maximum drawdown, MUR dropped -92.11% vs CNQ's -80.75%.
CNQ currently has the higher Sharpe Ratio (2.17 vs 1.97), 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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