NFE vs. CNQ
NFE (New Fortress Energy Inc.) and CNQ (Canadian Natural Resources Limited) are both stocks. NFE operates in Utilities - Regulated Gas (Utilities), while CNQ operates in Oil & Gas E&P (Energy). Over the past 5 years, NFE returned -57.16%/yr vs 27.16%/yr for CNQ. At a 0.34 correlation, their price movements are largely independent.
Performance
NFE vs. CNQ - Performance Comparison
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Returns By Period
In the year-to-date period, NFE achieves a -56.12% return, which is significantly lower than CNQ's 42.17% return.
NFE
- 1D
- -3.81%
- 1M
- -38.83%
- YTD
- -56.12%
- 6M
- -63.75%
- 1Y
- -81.88%
- 3Y*
- -73.98%
- 5Y*
- -57.16%
- 10Y*
- —
CNQ
- 1D
- 1.02%
- 1M
- 0.23%
- YTD
- 42.17%
- 6M
- 42.84%
- 1Y
- 59.14%
- 3Y*
- 25.18%
- 5Y*
- 27.16%
- 10Y*
- 18.26%
NFE vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NFE New Fortress Energy Inc. | -56.12% | -92.46% | -59.24% | -1.71% | 77.41% | -54.42% | 243.98% | 19.89% |
CNQ Canadian Natural Resources Limited | 42.17% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 25.52% |
Correlation
The correlation between NFE and CNQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2019 | 0.34 |
The correlation between NFE and CNQ shifts across timeframes, from 0.15 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NFE:
$142.33M
CNQ:
$99.96B
NFE:
-$6.58
CNQ:
$4.65
NFE:
0.09
CNQ:
2.44
NFE:
0.78
CNQ:
2.23
NFE:
$1.50B
CNQ:
$40.74B
NFE:
$310.12M
CNQ:
$12.53B
NFE:
-$198.72M
CNQ:
$22.99B
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Return for Risk
NFE vs. CNQ — Risk / Return Rank
NFE
CNQ
NFE vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Fortress Energy Inc. (NFE) 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.
| NFE | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.33 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 4.20 | -5.12 |
| Martin ratioReturn relative to average drawdown | -1.25 | 9.68 | -10.93 |
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
| NFE | CNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 2.07 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | 0.83 | -1.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.41 | -0.83 |
Drawdowns
NFE vs. CNQ - Drawdown Comparison
The maximum NFE drawdown since its inception was -99.09%, which is greater than CNQ's maximum drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for NFE and CNQ.
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Drawdown Indicators
| NFE | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.09% | -80.75% | -18.34% |
Max Drawdown (1Y)Largest decline over 1 year | -89.05% | -14.16% | -74.89% |
Max Drawdown (3Y)Largest decline over 3 years | -98.72% | -35.85% | -62.87% |
Max Drawdown (5Y)Largest decline over 5 years | -99.09% | -35.85% | -63.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.84% | — |
Current DrawdownCurrent decline from peak | -99.09% | -4.80% | -94.29% |
Average DrawdownAverage peak-to-trough decline | -46.01% | -23.53% | -22.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.43% | 6.13% | +59.30% |
Volatility
NFE vs. CNQ - Volatility Comparison
New Fortress Energy Inc. (NFE) has a higher volatility of 20.11% compared to Canadian Natural Resources Limited (CNQ) at 9.27%. This indicates that NFE'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
| NFE | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.11% | 9.27% | +10.84% |
Volatility (6M)Calculated over the trailing 6-month period | 68.76% | 23.57% | +45.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.28% | 28.73% | +102.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.68% | 32.79% | +56.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.57% | 40.27% | +43.30% |
Dividends
NFE vs. CNQ - Dividend Comparison
NFE has not paid dividends to shareholders, while CNQ's dividend yield for the trailing twelve months is around 3.65%.
| 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% |
NFE New Fortress Energy Inc. | 0.00% | 0.00% | 1.98% | 10.46% | 0.94% | 1.66% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NFE vs. CNQ - Financials Comparison
This section allows you to compare key financial metrics between New Fortress Energy 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
Frequently Asked Questions
NFE and CNQ 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.
NFE has higher volatility (20.11%) compared to CNQ (9.27%). In terms of maximum drawdown, NFE dropped -99.09% vs CNQ's -80.75%.
CNQ currently has the higher Sharpe Ratio (2.07 vs -0.63), 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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