CNQ vs SPY

Comparison between Canadian Natural Resources Ltd (CNQ, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceCNQ has outperformed SPY, delivering a return of +27.7% compared to +13.3%

CNQ vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CNQ(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$95B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	85.40%	56.47%
Sharpe Ratio	1.71	2.07
5Y Beta	0.57	1.00
Industry	Oil & Gas E&p	N/A
P/E Ratio	12.24	28.24
Forward P/E	13.62	21.85
PEG Ratio	0.15	N/A
Dividend Yield	5.15%	N/A
5Y Dividends CAGR	26.57%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	44.46%	22.35%
Free Cash Flow Yield	6.24%	N/A
P/S Ratio	2.46	3.55
P/B Ratio	3.06	5.29

Market Cap / Net Assets

CNQ

$95B

Winner

SPY

$652B

Expense Ratio

CNQ

N/A

SPY

0.09%

Max Drawdown

CNQ

85.40%

Winner

SPY

56.47%

Sharpe Ratio

CNQ

1.71

Winner

SPY

2.07

5Y Beta

Winner

CNQ

0.57

SPY

1.00

Industry

CNQ

Oil & Gas E&p

SPY

N/A

P/E Ratio

Winner

CNQ

12.24

SPY

28.24

Forward P/E

Winner

CNQ

13.62

SPY

21.85

PEG Ratio

CNQ

0.15

SPY

N/A

Dividend Yield

CNQ

5.15%

SPY

N/A

5Y Dividends CAGR

Winner

CNQ

26.57%

SPY

5.43%

5Y EPS CAGR

CNQ

N/A

SPY

25.79%

Debt to Equity

CNQ

44.46%

Winner

SPY

22.35%

Free Cash Flow Yield

CNQ

6.24%

SPY

N/A

P/S Ratio

Winner

CNQ

2.46

SPY

3.55

P/B Ratio

Winner

CNQ

3.06

SPY

5.29

CNQ vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CNQ	SPY
1 month	-4.11%	+9.11%
3 months	+14.71%	+6.59%
6 months	+43.76%	+10.56%
1 year	+55.52%	+32.04%
5 years(CAGR)	+27.71%	+13.35%
10 years(CAGR)	+18.39%	+15.49%
Max(CAGR)	+16.60%	+8.50%

CNQ

-4.11%

Winner

SPY

+9.11%

Winner

CNQ

+14.71%

SPY

+6.59%

Winner

CNQ

+43.76%

SPY

+10.56%

Winner

CNQ

+55.52%

SPY

+32.04%

5Y(CAGR)

Winner

CNQ

+27.71%

SPY

+13.35%

10Y(CAGR)

Winner

CNQ

+18.39%

SPY

+15.49%

Max(CAGR)

Winner

CNQ

+16.60%

SPY

+8.50%

CNQ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CNQ	SPY
2026	+30.92%	+8.27%
2025	+13.74%	+18.00%
2024	-1.65%	+25.59%
2023	+31.66%	+26.72%
2022	+40.31%	-18.64%
2021	+80.91%	+30.52%
2020	-17.44%	+17.28%
2019	+36.24%	+31.09%
2018	-31.52%	-5.24%
2017	+13.77%	+20.78%
2016	+54.53%	+13.59%
2015	-26.51%	+1.31%
2014	-4.38%	+14.56%
2013	+16.22%	+29.00%
2012	-25.68%	+14.17%
2011	-16.43%	+0.85%
2010	+21.44%	+13.14%
2009	+69.80%	+22.67%
2008	-46.25%	-36.25%
2007	+50.65%	+5.32%
2006	+5.17%	+13.85%
2005	+145.96%	+5.32%
2004	+67.11%	+10.75%
2003	+69.98%	+24.18%
2002	+25.53%	-22.42%
2001	-12.45%	-10.13%
2000	-1.37%	-8.84%
1999	N/A	+8.61%

CNQ vs SPY Drawdown Comparison

The maximum drawdown for CNQ was -80.77%, occurring on Mar 18, 2020. Recovery took 3261 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CNQ drawdown is -11.12%.

Rank	CNQ	SPY
#1	-80.77% Jun 18, 2008 - Jun 2, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-37.34% Sep 15, 2000 - May 14, 2003	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-35.85% Apr 10, 2024 - Jan 29, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-34.46% Feb 6, 2006 - May 7, 2007	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-31.51% Apr 20, 2022 - Aug 28, 2023	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-29.76% Nov 6, 2007 - Apr 21, 2008	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-25.45% Sep 1, 2005 - Dec 12, 2005	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-19.02% Jun 15, 2021 - Oct 4, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-17.56% Mar 4, 2005 - Jun 3, 2005	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-16.41% Jul 19, 2007 - Sep 13, 2007	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-14.72% Oct 22, 2004 - Jan 27, 2005	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-14.15% Mar 27, 2026 - Apr 17, 2026	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-14.03% Apr 15, 2004 - Jun 24, 2004	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-12.99% Aug 12, 2005 - Aug 31, 2005	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-12.42% Jan 5, 2004 - Mar 1, 2004	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CNQ and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (1999 - 2026)

CNQ vs SPY dividend yield comparison.

Year	CNQ	SPY
2026	1.02%	0.24%
2025	5.01%	1.07%
2024	5.02%	1.21%
2023	4.17%	1.40%
2022	6.31%	1.65%
2021	3.78%	1.20%
2020	5.26%	1.52%
2019	3.49%	1.75%
2018	4.56%	2.04%
2017	3.08%	1.80%
2016	2.94%	2.03%
2015	4.21%	2.06%
2014	2.92%	1.87%
2013	1.70%	1.81%
2012	1.46%	2.18%
2011	0.96%	2.05%
2010	0.68%	1.80%
2009	0.58%	1.95%
2008	1.00%	3.02%
2007	0.46%	1.85%
2006	0.66%	1.73%
2005	0.55%	1.73%
2004	1.11%	1.82%
2003	1.19%	1.47%
2002	0.80%	1.70%
2001	0.79%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%