CVE vs SPY

Comparison between Cenovus Energy Inc (CVE, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceCVE has outperformed SPY, delivering a return of +32.3% compared to +13.3%

CVE vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVE(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$54B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	96.02%	56.47%
Sharpe Ratio	2.71	2.07
5Y Beta	0.85	1.00
Industry	Oil & Gas Integrated	N/A
P/E Ratio	18.74	28.24
Forward P/E	8.40	21.85
PEG Ratio	0.74	N/A
Dividend Yield	2.81%	N/A
5Y Dividends CAGR	119.23%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	53.80%	22.35%
Free Cash Flow Yield	4.58%	N/A
P/S Ratio	1.09	3.55
P/B Ratio	2.43	5.29

Market Cap / Net Assets

CVE

$54B

Winner

SPY

$652B

Expense Ratio

CVE

N/A

SPY

0.09%

Max Drawdown

CVE

96.02%

Winner

SPY

56.47%

Sharpe Ratio

Winner

CVE

2.71

SPY

2.07

5Y Beta

Winner

CVE

0.85

SPY

1.00

Industry

CVE

Oil & Gas Integrated

SPY

N/A

P/E Ratio

Winner

CVE

18.74

SPY

28.24

Forward P/E

Winner

CVE

8.40

SPY

21.85

PEG Ratio

CVE

0.74

SPY

N/A

Dividend Yield

CVE

2.81%

SPY

N/A

5Y Dividends CAGR

Winner

CVE

119.23%

SPY

5.43%

5Y EPS CAGR

CVE

N/A

SPY

25.79%

Debt to Equity

CVE

53.80%

Winner

SPY

22.35%

Free Cash Flow Yield

CVE

4.58%

SPY

N/A

P/S Ratio

Winner

CVE

1.09

SPY

3.55

P/B Ratio

Winner

CVE

2.43

SPY

5.29

CVE vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CVE	SPY
1 month	+9.33%	+9.11%
3 months	+36.05%	+6.59%
6 months	+65.25%	+10.56%
1 year	+130.03%	+32.04%
5 years(CAGR)	+32.32%	+13.35%
10 years(CAGR)	+9.35%	+15.49%
Max(CAGR)	+3.43%	+8.50%

Winner

CVE

+9.33%

SPY

+9.11%

Winner

CVE

+36.05%

SPY

+6.59%

Winner

CVE

+65.25%

SPY

+10.56%

Winner

CVE

+130.03%

SPY

+32.04%

5Y(CAGR)

Winner

CVE

+32.32%

SPY

+13.35%

10Y(CAGR)

CVE

+9.35%

Winner

SPY

+15.49%

Max(CAGR)

CVE

+3.43%

Winner

SPY

+8.50%

CVE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CVE	SPY
2026	+63.06%	+8.27%
2025	+14.53%	+18.00%
2024	-5.45%	+25.59%
2023	-6.75%	+26.72%
2022	+56.46%	-18.64%
2021	+100.10%	+30.52%
2020	-39.41%	+17.28%
2019	+42.28%	+31.09%
2018	-26.42%	-5.24%
2017	-38.78%	+20.78%
2016	+23.43%	+13.59%
2015	-35.68%	+1.31%
2014	-23.99%	+14.56%
2013	-13.39%	+29.00%
2012	-0.11%	+14.17%
2011	+1.74%	+0.85%
2010	+28.53%	+13.14%
2009	+1.62%	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

CVE vs SPY Drawdown Comparison

The maximum drawdown for CVE was -94.85%, occurring on Mar 18, 2020. Recovery took 3713 trading sessions.

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

The current CVE drawdown is -6.72%.

Rank	CVE	SPY
#1	-94.85% Jul 22, 2011 - Apr 29, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-18.93% Apr 14, 2010 - Oct 13, 2010	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-16.58% Apr 8, 2011 - Jul 22, 2011	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-12.97% Jan 4, 2010 - Apr 1, 2010	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.99% Mar 2, 2011 - Apr 1, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-9.62% Nov 27, 2009 - Jan 4, 2010	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-7.42% Oct 13, 2010 - Nov 11, 2010	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-6.72% May 5, 2026 - May 8, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.40% Nov 11, 2010 - Dec 2, 2010	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.81% Jan 4, 2011 - Jan 31, 2011	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-3.73% Dec 6, 2010 - Dec 21, 2010	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-3.53% Apr 5, 2010 - Apr 9, 2010	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.66% Apr 1, 2011 - Apr 8, 2011	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.50% Jan 31, 2011 - Feb 10, 2011	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.42% Feb 23, 2011 - Feb 25, 2011	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CVE and SPY is -0.14 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.14

-101

Dividend Comparison (1999 - 2026)

CVE vs SPY dividend yield comparison.

Year	CVE	SPY
2026	0.52%	0.24%
2025	3.32%	1.07%
2024	3.92%	1.21%
2023	2.33%	1.40%
2022	1.81%	1.65%
2021	0.56%	1.20%
2020	0.75%	1.52%
2019	1.58%	1.75%
2018	2.34%	2.04%
2017	2.19%	1.80%
2016	1.32%	2.03%
2015	6.75%	2.06%
2014	5.16%	1.87%
2013	3.38%	1.81%
2012	2.62%	2.18%
2011	2.41%	2.05%
2010	2.41%	1.80%
2009	0.79%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%