NNN vs. CNQ
NNN (National Retail Properties, Inc.) and CNQ (Canadian Natural Resources Limited) are both stocks. NNN operates in REIT - Retail (Real Estate), while CNQ operates in Oil & Gas E&P (Energy). Over the past 10 years, NNN returned 4.86%/yr vs 17.89%/yr for CNQ. At a 0.20 correlation, their price movements are largely independent.
Performance
NNN vs. CNQ - Performance Comparison
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Returns By Period
In the year-to-date period, NNN achieves a 20.94% return, which is significantly lower than CNQ's 35.04% return. Over the past 10 years, NNN has underperformed CNQ with an annualized return of 4.86%, while CNQ has yielded a comparatively higher 17.89% annualized return.
NNN
- 1D
- 1.04%
- 1M
- 6.56%
- YTD
- 20.94%
- 6M
- 18.43%
- 1Y
- 16.33%
- 3Y*
- 8.84%
- 5Y*
- 4.06%
- 10Y*
- 4.86%
CNQ
- 1D
- -0.31%
- 1M
- -5.59%
- YTD
- 35.04%
- 6M
- 38.56%
- 1Y
- 38.90%
- 3Y*
- 23.03%
- 5Y*
- 26.12%
- 10Y*
- 17.89%
NNN vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNN National Retail Properties, Inc. | 20.94% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
CNQ Canadian Natural Resources Limited | 35.04% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
Correlation
The correlation between NNN and CNQ is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2000 | 0.20 |
The correlation between NNN and CNQ shifts across timeframes, from 0.03 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NNN:
$8.83B
CNQ:
$94.95B
NNN:
$2.05
CNQ:
CA$4.65
NNN:
22.68
CNQ:
13.62
NNN:
2.57
CNQ:
0.65
NNN:
9.39
CNQ:
3.25
NNN:
2.01
CNQ:
2.97
NNN:
$935.78M
CNQ:
CA$40.74B
NNN:
$761.54M
CNQ:
CA$12.53B
NNN:
$870.06M
CNQ:
CA$22.99B
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Return for Risk
NNN vs. CNQ — Risk / Return Rank
NNN
CNQ
NNN vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Retail Properties, Inc. (NNN) 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.
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.
| NNN | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.09 | -1.27 |
| Martin ratioReturn relative to average drawdown | 4.18 | 6.92 | -2.74 |
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Drawdowns
NNN vs. CNQ - Drawdown Comparison
The maximum NNN drawdown since its inception was -56.17%, smaller than the maximum CNQ drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for NNN and CNQ.
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Drawdown Indicators
| NNN | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -80.75% | +24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -14.16% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -35.85% | +13.82% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -35.85% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -54.99% | -77.84% | +22.85% |
Current DrawdownCurrent decline from peak | 0.00% | -9.57% | +9.57% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -23.51% | +13.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 6.30% | -2.47% |
Volatility
NNN vs. CNQ - Volatility Comparison
The current volatility for National Retail Properties, Inc. (NNN) is 5.32%, while Canadian Natural Resources Limited (CNQ) has a volatility of 8.56%. This indicates that NNN experiences smaller price fluctuations and is considered to be less risky 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
| NNN | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 8.56% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 24.09% | -12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 29.06% | -12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.69% | 32.86% | -13.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.09% | 40.24% | -12.15% |
Dividends
NNN vs. CNQ - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.15%, more than CNQ's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 2.89% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
NNN National Retail Properties, Inc. | 5.15% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
Financials
NNN vs. CNQ - Financials Comparison
This section allows you to compare key financial metrics between National Retail Properties, 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
NNN vs. CNQ - Profitability Comparison
NNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.
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%.
NNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.
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%.
NNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.
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
NNN and CNQ have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNQ has higher volatility (8.56%) compared to NNN (5.32%). In terms of maximum drawdown, NNN dropped -56.17% vs CNQ's -80.75%.
CNQ currently has the higher Sharpe Ratio (1.51 vs 0.97), 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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