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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 +24.4% compared to +13.2%

CVE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
CVE
$47B
Winner
SPY
$784B
Expense Ratio
CVE
N/A
SPY
0.09%
Max Drawdown
CVE
96.02%
Winner
SPY
56.47%
Sharpe Ratio
Winner
CVE
1.77
SPY
1.54
5Y Beta
Winner
CVE
0.82
SPY
1.00
Industry
CVE
Oil & Gas Integrated
SPY
N/A
P/E Ratio
Winner
CVE
13.80
SPY
27.62
Forward P/E
Winner
CVE
7.88
SPY
21.11
PEG Ratio
CVE
0.21
SPY
N/A
Dividend Yield
CVE
3.18%
SPY
N/A
5Y Dividends CAGR
Winner
CVE
84.21%
SPY
6.00%
5Y EPS CAGR
CVE
N/A
SPY
25.30%
Debt to Equity
CVE
42.29%
Winner
SPY
31.11%
Free Cash Flow Yield
CVE
6.69%
SPY
N/A
P/S Ratio
Winner
CVE
0.96
SPY
3.49
P/B Ratio
Winner
CVE
2.02
SPY
5.30

CVE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
CVE
-13.85%
Winner
SPY
-1.37%
3M
CVE
+4.43%
Winner
SPY
+12.22%
6M
Winner
CVE
+55.26%
SPY
+7.20%
1Y
Winner
CVE
+90.29%
SPY
+23.58%
5Y(CAGR)
Winner
CVE
+24.42%
SPY
+13.19%
10Y(CAGR)
CVE
+8.03%
Winner
SPY
+15.12%
Max(CAGR)
CVE
+2.83%
Winner
SPY
+8.44%

CVE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearCVESPY
2026+48.62%+7.95%
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%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/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 -18.59%. The current SPY drawdown is -3.18%.

RankCVESPY
#1-94.85%
Jul 22, 2011 - Apr 29, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-20.42%
May 19, 2026 - Jun 18, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-18.93%
Apr 14, 2010 - Oct 13, 2010		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-16.58%
Apr 8, 2011 - Jul 22, 2011		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-12.97%
Jan 4, 2010 - Apr 1, 2010		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-10.99%
Mar 2, 2011 - Apr 1, 2011		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-9.62%
Nov 27, 2009 - Jan 4, 2010		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-7.42%
Oct 13, 2010 - Nov 11, 2010		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-6.73%
May 5, 2026 - May 15, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-6.40%
Nov 11, 2010 - Dec 2, 2010		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-5.81%
Jan 4, 2011 - Jan 31, 2011		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-3.73%
Dec 6, 2010 - Dec 21, 2010		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-3.53%
Apr 5, 2010 - Apr 9, 2010		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.66%
Apr 1, 2011 - Apr 8, 2011		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.50%
Jan 31, 2011 - Feb 10, 2011		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CVE and SPY is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.11
-101

Dividend Comparison (1999 - 2026)

CVE vs SPY dividend yield comparison.

YearCVESPY
20261.18%0.50%
20253.32%1.07%
20243.92%1.21%
20232.33%1.40%
20221.81%1.65%
20210.56%1.20%
20200.75%1.52%
20191.58%1.75%
20182.34%2.04%
20172.19%1.80%
20161.32%2.03%
20156.75%2.06%
20145.16%1.87%
20133.38%1.81%
20122.62%2.18%
20112.41%2.05%
20102.41%1.80%
20090.79%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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