SU vs. CVE
SU (Suncor Energy Inc.) and CVE (Cenovus Energy Inc.) are both stocks. Both operate in the Oil & Gas Integrated industry within the Energy sector. Over the past 10 years, SU returned 12.24%/yr vs 8.70%/yr for CVE. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
SU vs. CVE - Performance Comparison
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Returns By Period
In the year-to-date period, SU achieves a 28.59% return, which is significantly lower than CVE's 53.52% return. Over the past 10 years, SU has outperformed CVE with an annualized return of 12.24%, while CVE has yielded a comparatively lower 8.70% annualized return.
SU
- 1D
- 1.63%
- 1M
- -15.94%
- YTD
- 28.59%
- 6M
- 32.81%
- 1Y
- 44.95%
- 3Y*
- 30.95%
- 5Y*
- 23.12%
- 10Y*
- 12.24%
CVE
- 1D
- 2.03%
- 1M
- -14.10%
- YTD
- 53.52%
- 6M
- 55.35%
- 1Y
- 80.54%
- 3Y*
- 20.70%
- 5Y*
- 24.37%
- 10Y*
- 8.70%
SU vs. CVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SU Suncor Energy Inc. | 28.59% | 29.69% | 16.22% | 6.40% | 32.31% | 54.94% | -46.67% | 22.10% | -21.27% | 17.86% |
CVE Cenovus Energy Inc. | 53.52% | 15.84% | -5.83% | -12.30% | 60.93% | 104.72% | -39.59% | 46.98% | -21.51% | -38.38% |
Correlation
The correlation between SU and CVE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.75 |
The correlation between SU and CVE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
Fundamentals
SU:
$66.86B
CVE:
$48.24B
SU:
CA$5.24
CVE:
CA$2.52
SU:
15.20
CVE:
14.43
SU:
0.55
CVE:
0.06
SU:
1.85
CVE:
1.36
SU:
2.07
CVE:
2.10
SU:
CA$52.01B
CVE:
CA$49.40B
SU:
CA$28.85B
CVE:
CA$9.68B
SU:
CA$16.36B
CVE:
CA$11.54B
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Return for Risk
SU vs. CVE — Risk / Return Rank
SU
CVE
SU vs. CVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Suncor Energy Inc. (SU) and Cenovus Energy Inc. (CVE). 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.
| SU | CVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.96 | -1.72 |
| Martin ratioReturn relative to average drawdown | 9.65 | 15.20 | -5.55 |
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Drawdowns
SU vs. CVE - Drawdown Comparison
The maximum SU drawdown since its inception was -80.22%, smaller than the maximum CVE drawdown of -94.87%. Use the drawdown chart below to compare losses from any high point for SU and CVE.
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Drawdown Indicators
| SU | CVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.22% | -94.87% | +14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -20.12% | -20.44% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.42% | -49.57% | +27.15% |
Max Drawdown (5Y)Largest decline over 5 years | -36.58% | -53.51% | +16.93% |
Max Drawdown (10Y)Largest decline over 10 years | -73.54% | -89.22% | +15.68% |
Current DrawdownCurrent decline from peak | -18.83% | -18.83% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -27.40% | -44.08% | +16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 5.42% | -0.64% |
Volatility
SU vs. CVE - Volatility Comparison
The current volatility for Suncor Energy Inc. (SU) is 9.58%, while Cenovus Energy Inc. (CVE) has a volatility of 11.39%. This indicates that SU experiences smaller price fluctuations and is considered to be less risky than CVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SU | CVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 11.39% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.33% | 27.29% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 35.05% | -10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.89% | 40.20% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 50.58% | -13.63% |
Dividends
SU vs. CVE - Dividend Comparison
SU's dividend yield for the trailing twelve months is around 3.05%, more than CVE's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE Cenovus Energy Inc. | 2.31% | 3.32% | 3.92% | 2.33% | 1.81% | 0.56% | 0.75% | 1.58% | 2.34% | 2.19% | 1.32% | 6.75% |
SU Suncor Energy Inc. | 3.05% | 3.72% | 4.51% | 5.27% | 4.56% | 3.34% | 4.93% | 3.84% | 4.24% | 4.16% | 3.55% | 4.42% |
Financials
SU vs. CVE - Financials Comparison
This section allows you to compare key financial metrics between Suncor Energy Inc. and Cenovus Energy Inc.. 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
SU vs. CVE - Profitability Comparison
SU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported a gross profit of 7.53B and revenue of 15.42B. Therefore, the gross margin over that period was 48.8%.
CVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cenovus Energy Inc. reported a gross profit of 2.71B and revenue of 12.39B. Therefore, the gross margin over that period was 21.9%.
SU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported an operating income of 2.90B and revenue of 15.42B, resulting in an operating margin of 18.8%.
CVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cenovus Energy Inc. reported an operating income of 2.30B and revenue of 12.39B, resulting in an operating margin of 18.6%.
SU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Suncor Energy Inc. reported a net income of 2.10B and revenue of 15.42B, resulting in a net margin of 13.6%.
CVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cenovus Energy Inc. reported a net income of 1.57B and revenue of 12.39B, resulting in a net margin of 12.7%.
Frequently Asked Questions
SU and CVE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVE has higher volatility (11.39%) compared to SU (9.58%). In terms of maximum drawdown, SU dropped -80.22% vs CVE's -94.87%.
CVE currently has the higher Sharpe Ratio (2.31 vs 1.84), 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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