PEY.TO vs. CNQ
PEY.TO (Peyto Exploration & Development Corp.) and CNQ (Canadian Natural Resources Limited) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, PEY.TO returned 3.14%/yr vs 18.90%/yr for CNQ. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
PEY.TO vs. CNQ - Performance Comparison
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Different Trading Currencies
PEY.TO is traded in CAD, while CNQ is traded in USD. To make them comparable, the CNQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PEY.TO achieves a 13.67% return, which is significantly lower than CNQ's 37.78% return. Over the past 10 years, PEY.TO has underperformed CNQ with an annualized return of 3.14%, while CNQ has yielded a comparatively higher 18.90% annualized return.
PEY.TO
- 1D
- -0.08%
- 1M
- -3.49%
- YTD
- 13.67%
- 6M
- 12.88%
- 1Y
- 30.08%
- 3Y*
- 43.99%
- 5Y*
- 38.08%
- 10Y*
- 3.14%
CNQ
- 1D
- -0.13%
- 1M
- -2.91%
- YTD
- 37.78%
- 6M
- 40.54%
- 1Y
- 42.74%
- 3Y*
- 24.87%
- 5Y*
- 29.81%
- 10Y*
- 18.90%
PEY.TO vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEY.TO Peyto Exploration & Development Corp. | 13.67% | 42.14% | 55.47% | -3.34% | 54.09% | 228.17% | -19.77% | -42.92% | -49.52% | -51.87% |
CNQ Canadian Natural Resources Limited | 37.78% | 10.31% | 7.05% | 20.78% | 51.87% | 83.46% | -20.98% | 33.97% | -24.03% | 8.12% |
Correlation
The correlation between PEY.TO and CNQ is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.50 |
The correlation between PEY.TO and CNQ has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
Fundamentals
PEY.TO:
CA$5.26B
CNQ:
$94.95B
PEY.TO:
CA$2.32
CNQ:
CA$4.65
PEY.TO:
10.88
CNQ:
13.62
PEY.TO:
0.28
CNQ:
0.65
PEY.TO:
4.40
CNQ:
3.25
PEY.TO:
1.76
CNQ:
2.97
PEY.TO:
CA$1.18B
CNQ:
CA$40.74B
PEY.TO:
CA$617.43M
CNQ:
CA$12.53B
PEY.TO:
CA$989.15M
CNQ:
CA$22.99B
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Return for Risk
PEY.TO vs. CNQ — Risk / Return Rank
PEY.TO
CNQ
PEY.TO vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Peyto Exploration & Development Corp. (PEY.TO) 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.
| PEY.TO | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.11 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.64 | 7.98 | -3.33 |
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Drawdowns
PEY.TO vs. CNQ - Drawdown Comparison
The maximum PEY.TO drawdown since its inception was -96.56%, which is greater than CNQ's maximum drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for PEY.TO and CNQ.
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Drawdown Indicators
| PEY.TO | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.56% | -75.93% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.78% | -15.09% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.88% | -32.71% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -40.83% | -32.71% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -96.56% | -75.93% | -20.63% |
Current DrawdownCurrent decline from peak | -11.69% | -8.78% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -36.37% | -19.72% | -16.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | 5.87% | +1.12% |
Volatility
PEY.TO vs. CNQ - Volatility Comparison
Peyto Exploration & Development Corp. (PEY.TO) and Canadian Natural Resources Limited (CNQ) have volatilities of 8.54% and 8.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEY.TO | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 8.73% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.37% | 24.40% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.27% | 29.08% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.10% | 33.24% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.23% | 40.63% | +2.60% |
Dividends
PEY.TO vs. CNQ - Dividend Comparison
PEY.TO's dividend yield for the trailing twelve months is around 5.27%, 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% |
PEY.TO Peyto Exploration & Development Corp. | 5.27% | 5.81% | 7.70% | 10.96% | 4.33% | 1.38% | 3.08% | 6.84% | 10.17% | 8.78% | 3.97% | 5.31% |
Financials
PEY.TO vs. CNQ - Financials Comparison
This section allows you to compare key financial metrics between Peyto Exploration & Development Corp. 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
PEY.TO vs. CNQ - Profitability Comparison
PEY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Peyto Exploration & Development Corp. reported a gross profit of 223.35M and revenue of 397.42M. Therefore, the gross margin over that period was 56.2%.
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%.
PEY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Peyto Exploration & Development Corp. reported an operating income of 212.24M and revenue of 397.42M, resulting in an operating margin of 53.4%.
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%.
PEY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Peyto Exploration & Development Corp. reported a net income of 171.09M and revenue of 397.42M, resulting in a net margin of 43.1%.
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
PEY.TO and CNQ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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