OTEX.TO vs. CNQ.TO
Compare and contrast key facts about Open Text Corporation (OTEX.TO) and Canadian Natural Resources Limited (CNQ.TO).
Performance
OTEX.TO vs. CNQ.TO - Performance Comparison
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OTEX.TO vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTEX.TO Open Text Corporation | -29.16% | 13.89% | -24.57% | 42.38% | -31.37% | 5.63% | 2.77% | 30.77% | 1.16% | 9.35% |
CNQ.TO Canadian Natural Resources Limited | 40.30% | 10.42% | 7.11% | 21.06% | 49.65% | 82.41% | -20.75% | 32.78% | -24.17% | 7.75% |
Fundamentals
OTEX.TO:
CA$7.95B
CNQ.TO:
CA$135.04B
OTEX.TO:
CA$1.70
CNQ.TO:
CA$5.19
OTEX.TO:
18.38
CNQ.TO:
12.46
OTEX.TO:
0.44
CNQ.TO:
0.60
OTEX.TO:
1.55
CNQ.TO:
3.25
OTEX.TO:
1.97
CNQ.TO:
3.04
OTEX.TO:
CA$5.17B
CNQ.TO:
CA$41.51B
OTEX.TO:
CA$3.64B
CNQ.TO:
CA$12.51B
OTEX.TO:
CA$1.51B
CNQ.TO:
CA$18.36B
Returns By Period
In the year-to-date period, OTEX.TO achieves a -29.16% return, which is significantly lower than CNQ.TO's 40.30% return. Over the past 10 years, OTEX.TO has underperformed CNQ.TO with an annualized return of 1.48%, while CNQ.TO has yielded a comparatively higher 20.00% annualized return.
OTEX.TO
- 1D
- 1.06%
- 1M
- -5.47%
- YTD
- -29.16%
- 6M
- -38.33%
- 1Y
- -10.47%
- 3Y*
- -12.84%
- 5Y*
- -9.81%
- 10Y*
- 1.48%
CNQ.TO
- 1D
- -4.75%
- 1M
- 7.67%
- YTD
- 40.30%
- 6M
- 49.30%
- 1Y
- 51.36%
- 3Y*
- 25.86%
- 5Y*
- 33.14%
- 10Y*
- 20.00%
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Return for Risk
OTEX.TO vs. CNQ.TO — Risk / Return Rank
OTEX.TO
CNQ.TO
OTEX.TO vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Open Text Corporation (OTEX.TO) 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.
| OTEX.TO | CNQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 1.66 | -1.97 |
Sortino ratioReturn per unit of downside risk | -0.21 | 2.19 | -2.41 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.60 | -2.84 |
Martin ratioReturn relative to average drawdown | -0.55 | 8.44 | -9.00 |
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
| OTEX.TO | CNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 1.66 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 1.11 | -1.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.53 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.63 | -0.40 |
Correlation
The correlation between OTEX.TO and CNQ.TO is 0.13, 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
OTEX.TO vs. CNQ.TO - Dividend Comparison
OTEX.TO's dividend yield for the trailing twelve months is around 4.78%, more than CNQ.TO's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTEX.TO Open Text Corporation | 4.78% | 3.35% | 3.45% | 2.40% | 3.00% | 1.76% | 1.66% | 1.57% | 1.71% | 1.30% | 1.04% | 1.51% |
CNQ.TO Canadian Natural Resources Limited | 3.70% | 5.06% | 4.82% | 4.26% | 6.12% | 3.66% | 5.44% | 3.50% | 3.98% | 2.40% | 2.15% | 3.02% |
Drawdowns
OTEX.TO vs. CNQ.TO - Drawdown Comparison
The maximum OTEX.TO drawdown since its inception was -72.08%, smaller than the maximum CNQ.TO drawdown of -76.20%. Use the drawdown chart below to compare losses from any high point for OTEX.TO and CNQ.TO.
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Drawdown Indicators
| OTEX.TO | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.08% | -76.20% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -44.84% | -20.44% | -24.40% |
Max Drawdown (5Y)Largest decline over 5 years | -50.41% | -33.11% | -17.30% |
Max Drawdown (10Y)Largest decline over 10 years | -50.41% | -76.20% | +25.79% |
Current DrawdownCurrent decline from peak | -48.13% | -6.94% | -41.19% |
Average DrawdownAverage peak-to-trough decline | -24.74% | -18.95% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.08% | 6.30% | +12.78% |
Volatility
OTEX.TO vs. CNQ.TO - Volatility Comparison
Open Text Corporation (OTEX.TO) has a higher volatility of 10.38% compared to Canadian Natural Resources Limited (CNQ.TO) at 9.33%. This indicates that OTEX.TO'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
| OTEX.TO | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 9.33% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 24.31% | 19.80% | +4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.51% | 31.06% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.77% | 30.17% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.74% | 37.89% | -11.15% |
Financials
OTEX.TO vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between Open Text 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
OTEX.TO vs. CNQ.TO - Profitability Comparison
OTEX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Open Text Corporation reported a gross profit of 982.20M and revenue of 1.33B. Therefore, the gross margin over that period was 74.0%.
CNQ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported a gross profit of 2.04B and revenue of 9.61B. Therefore, the gross margin over that period was 21.2%.
OTEX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Open Text Corporation reported an operating income of 291.76M and revenue of 1.33B, resulting in an operating margin of 22.0%.
CNQ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported an operating income of 1.79B and revenue of 9.61B, resulting in an operating margin of 18.7%.
OTEX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Open Text Corporation reported a net income of 168.09M and revenue of 1.33B, resulting in a net margin of 12.7%.
CNQ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Natural Resources Limited reported a net income of 5.30B and revenue of 9.61B, resulting in a net margin of 55.2%.