NTR.TO vs. CCO.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Nutrien Ltd. (NTR.TO) and Cameco Corporation (CCO.TO).

Performance

NTR.TO vs. CCO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Nutrien Ltd. (NTR.TO) and Cameco Corporation (CCO.TO). The values are adjusted to include any dividend payments, if applicable.

NTR.TO vs. CCO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NTR.TO Nutrien Ltd.	23.17%	36.87%	-9.95%	-21.86%	6.79%	60.75%	3.48%	0.41%	-4.04%
CCO.TO Cameco Corporation	22.87%	70.37%	29.62%	86.52%	11.71%	62.18%	48.65%	-24.97%	28.46%

Fundamentals

Market Cap NTR.TO : CA$50.06B CCO.TO : CA$67.24B
EPS NTR.TO : CA$4.68 CCO.TO : CA$1.35
PE Ratio NTR.TO : 22.15 CCO.TO : 114.05
PEG Ratio NTR.TO : 0.32 CCO.TO : 0.95
PS Ratio NTR.TO : 1.87 CCO.TO : 19.31
PB Ratio NTR.TO : 1.98 CCO.TO : 9.74
Total Revenue (TTM) NTR.TO : CA$26.90B CCO.TO : CA$3.48B
Gross Profit (TTM) NTR.TO : CA$8.35B CCO.TO : CA$1.17B
EBITDA (TTM) NTR.TO : CA$5.98B CCO.TO : CA$842.73M

Returns By Period

The year-to-date returns for both stocks are quite close, with NTR.TO having a 23.17% return and CCO.TO slightly lower at 22.87%.

NTR.TO

• 1D: -1.34%
• 1M: 0.77%
• YTD: 23.17%
• 6M: 33.33%
• 1Y: 51.22%
• 3Y*: 5.26%
• 5Y*: 12.57%
• 10Y*: —

CCO.TO

• 1D: 2.08%
• 1M: -10.17%
• YTD: 22.87%
• 6M: 32.91%
• 1Y: 158.60%
• 3Y*: 63.73%
• 5Y*: 48.55%
• 10Y*: 26.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NTR.TO vs. CCO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NTR.TO

NTR.TO Risk / Return Rank: 86
NTR.TO Sharpe Ratio Rank: 87
NTR.TO Sortino Ratio Rank: 84
NTR.TO Omega Ratio Rank: 80
NTR.TO Calmar Ratio Rank: 90
NTR.TO Martin Ratio Rank: 89

CCO.TO

CCO.TO Risk / Return Rank: 95
CCO.TO Sharpe Ratio Rank: 96
CCO.TO Sortino Ratio Rank: 95
CCO.TO Omega Ratio Rank: 92
CCO.TO Calmar Ratio Rank: 96
CCO.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NTR.TO vs. CCO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nutrien Ltd. (NTR.TO) and Cameco Corporation (CCO.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.

	NTR.TO	CCO.TO	Difference
Sharpe ratio Return per unit of total volatility	1.71	2.99	-1.27
Sortino ratio Return per unit of downside risk	2.40	3.53	-1.13
Omega ratio Gain probability vs. loss probability	1.29	1.44	-0.14
Calmar ratio Return relative to maximum drawdown	3.98	6.48	-2.50
Martin ratio Return relative to average drawdown	10.42	16.92	-6.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTR.TO vs. CCO.TO - Sharpe Ratio Comparison

The current NTR.TO Sharpe Ratio is 1.71, which is lower than the CCO.TO Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of NTR.TO and CCO.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NTR.TO	CCO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.99	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	1.02	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.37	-0.09

Correlation

The correlation between NTR.TO and CCO.TO is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NTR.TO vs. CCO.TO - Dividend Comparison

NTR.TO's dividend yield for the trailing twelve months is around 2.91%, more than CCO.TO's 0.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTR.TO Nutrien Ltd.	2.91%	3.58%	4.63%	3.80%	3.05%	2.92%	3.96%	3.74%	3.36%	0.00%	0.00%	0.00%
CCO.TO Cameco Corporation	0.16%	0.19%	0.22%	0.21%	0.39%	0.29%	0.47%	0.69%	0.52%	3.45%	2.85%	2.34%

Drawdowns

NTR.TO vs. CCO.TO - Drawdown Comparison

The maximum NTR.TO drawdown since its inception was -54.00%, smaller than the maximum CCO.TO drawdown of -83.63%. Use the drawdown chart below to compare losses from any high point for NTR.TO and CCO.TO.

Drawdown Indicators

	NTR.TO	CCO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-54.00%	-83.63%	+29.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-24.86%	+12.26%
Max Drawdown (5Y) Largest decline over 5 years	-54.00%	-39.52%	-14.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.84%	—
Current Drawdown Current decline from peak	-17.03%	-15.00%	-2.03%
Average Drawdown Average peak-to-trough decline	-23.20%	-39.18%	+15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	9.53%	-4.71%

Volatility

NTR.TO vs. CCO.TO - Volatility Comparison

The current volatility for Nutrien Ltd. (NTR.TO) is 14.03%, while Cameco Corporation (CCO.TO) has a volatility of 16.05%. This indicates that NTR.TO experiences smaller price fluctuations and is considered to be less risky than CCO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTR.TO	CCO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.03%	16.05%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	24.79%	41.03%	-16.24%
Volatility (1Y) Calculated over the trailing 1-year period	30.06%	53.45%	-23.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.67%	47.82%	-16.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.86%	44.61%	-12.75%

Financials

NTR.TO vs. CCO.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Nutrien Ltd. and Cameco Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NTR.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported a gross profit of 1.92B and revenue of 5.42B. Therefore, the gross margin over that period was 35.4%.

CCO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Cameco Corporation reported a gross profit of 267.09M and revenue of 1.20B. Therefore, the gross margin over that period was 22.2%.

NTR.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported an operating income of 800.11M and revenue of 5.42B, resulting in an operating margin of 14.8%.

CCO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cameco Corporation reported an operating income of 163.69M and revenue of 1.20B, resulting in an operating margin of 13.6%.

NTR.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nutrien Ltd. reported a net income of 579.78M and revenue of 5.42B, resulting in a net margin of 10.7%.

CCO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cameco Corporation reported a net income of 199.07M and revenue of 1.20B, resulting in a net margin of 16.6%.