NVT vs. CNQ.TO
NVT (nVent Electric plc) and CNQ.TO (Canadian Natural Resources Limited) are both stocks. NVT operates in Electrical Equipment & Parts (Industrials), while CNQ.TO operates in Oil & Gas E&P (Energy). Over the past 5 years, NVT returned 41.15%/yr vs 30.02%/yr for CNQ.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
NVT vs. CNQ.TO - Performance Comparison
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Different Trading Currencies
NVT 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, NVT achieves a 63.18% return, which is significantly higher than CNQ.TO's 34.74% return.
NVT
- 1D
- 0.80%
- 1M
- -4.09%
- YTD
- 63.18%
- 6M
- 63.60%
- 1Y
- 139.62%
- 3Y*
- 52.46%
- 5Y*
- 41.15%
- 10Y*
- —
CNQ.TO
- 1D
- -0.48%
- 1M
- -4.02%
- YTD
- 34.74%
- 6M
- 38.66%
- 1Y
- 44.24%
- 3Y*
- 25.10%
- 5Y*
- 30.02%
- 10Y*
- 22.36%
NVT vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVT nVent Electric plc | 63.18% | 51.27% | 16.63% | 55.98% | 3.32% | 67.15% | -5.68% | 17.24% | 7.52% |
CNQ.TO Canadian Natural Resources Limited | 34.74% | 15.70% | -0.18% | 30.08% | 53.38% | 91.35% | -10.82% | 44.81% | -29.37% |
Correlation
The correlation between NVT and CNQ.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 1, 2018 | 0.32 |
The correlation between NVT and CNQ.TO shifts across timeframes, from -0.01 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NVT:
$27.20B
CNQ.TO:
CA$132.89B
NVT:
$3.00
CNQ.TO:
CA$4.65
NVT:
55.32
CNQ.TO:
13.64
NVT:
1.33
CNQ.TO:
0.66
NVT:
6.29
CNQ.TO:
3.34
NVT:
7.16
CNQ.TO:
2.98
NVT:
$4.33B
CNQ.TO:
CA$39.61B
NVT:
$1.60B
CNQ.TO:
CA$12.42B
NVT:
$857.60M
CNQ.TO:
CA$17.78B
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Return for Risk
NVT vs. CNQ.TO — Risk / Return Rank
NVT
CNQ.TO
NVT vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nVent Electric plc (NVT) 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.
| NVT | CNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.26 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 8.30 | 3.08 | +5.22 |
| Martin ratioReturn relative to average drawdown | 28.25 | 6.83 | +21.41 |
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Drawdowns
NVT vs. CNQ.TO - Drawdown Comparison
The maximum NVT drawdown since its inception was -56.18%, smaller than the maximum CNQ.TO drawdown of -76.64%. Use the drawdown chart below to compare losses from any high point for NVT and CNQ.TO.
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Drawdown Indicators
| NVT | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -76.64% | +20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.93% | -14.43% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -46.67% | -36.25% | -10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -36.25% | -10.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.64% | — |
Current DrawdownCurrent decline from peak | -5.98% | -9.64% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -21.20% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 6.49% | -1.53% |
Volatility
NVT vs. CNQ.TO - Volatility Comparison
nVent Electric plc (NVT) has a higher volatility of 12.76% compared to Canadian Natural Resources Limited (CNQ.TO) at 8.84%. This indicates that NVT'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
| NVT | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.76% | 8.84% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 32.57% | 24.25% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.19% | 29.57% | +11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.06% | 31.39% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.49% | 38.81% | -0.32% |
Dividends
NVT vs. CNQ.TO - Dividend Comparison
NVT's dividend yield for the trailing twelve months is around 0.49%, 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 | 3.77% | 5.05% | 6.00% | 8.53% | 12.23% | 7.63% | 11.35% | 7.29% | 8.31% | 5.00% | 4.49% | 6.22% |
NVT nVent Electric plc | 0.49% | 0.78% | 1.12% | 1.18% | 1.82% | 1.84% | 3.01% | 2.74% | 1.56% | 0.00% | 0.00% | 0.00% |
Financials
NVT vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between nVent Electric plc 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
NVT vs. CNQ.TO - Profitability Comparison
NVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, nVent Electric plc reported a gross profit of 445.60M and revenue of 1.24B. Therefore, the gross margin over that period was 35.9%.
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%.
NVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, nVent Electric plc reported an operating income of 195.70M and revenue of 1.24B, resulting in an operating margin of 15.8%.
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%.
NVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, nVent Electric plc reported a net income of 142.40M and revenue of 1.24B, resulting in a net margin of 11.5%.
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
NVT and CNQ.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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