Canadian Natural Resources Ltd

10-Year Study

CNQ.US · Energy · US · Common Stock

Executive Summary: Canadian Natural Resources Ltd has compounded at 18.0% annually over the last 10 years, with a maximum drawdown of 58.6% and an annualized volatility of 40.8%.

1Y CAGR
+65.3%
3Y CAGR
+26.0%
5Y CAGR
+28.8%
10Y CAGR
+18.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
58.6%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.62
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.91
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
35.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +83.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -28.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20269.917.611.3-5.0————————36.8%
2025-1.7-6.910.4-6.95.94.81.0-0.22.30.25.51.515.5%
2024-2.38.910.7-0.71.3-6.3-0.32.1-7.22.4-0.6-7.6-1.3%
202310.6-8.0-0.810.2-11.65.78.16.41.0-1.85.1-0.723.7%
202220.59.612.1-0.27.2-18.32.83.6-14.228.7-0.4-6.042.9%
2021-6.120.914.5-1.614.05.9-9.00.211.716.3-4.04.683.6%
2020-13.0-8.3-45.423.78.0-2.21.311.4-17.2-0.443.26.7-19.1%
201911.35.7-2.29.0-10.01.0-6.3-5.512.7-5.310.916.839.7%
2018-4.4-7.90.914.6-4.25.21.6-6.7-3.6-16.4-7.9-1.5-28.9%
2017-5.2-5.015.0-2.8-9.40.66.10.79.44.2-2.86.015.1%
2016———11.2-0.95.7-1.92.73.8-1.06.5-5.121.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 40.8%. The dominant macroeconomic risk driver is SHV.US, accounting for 43.1% of variance. Idiosyncratic stock-specific factors contribute 13.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0111118.539312009061
2016-05-0111014.74969835759
2016-06-0111638.964812489228
2016-07-0111412.548324345622
2016-08-0111722.070375021545
2016-09-0112168.131786954275
2016-10-0112042.796286720348
2016-11-0112825.096648691244
2016-12-0112175.02647066066
2017-01-0111544.901627637833
2017-02-0110964.393883430599
2017-03-0112604.836128142622
2017-04-0112251.114230134692
2017-05-0111094.161680332914
2017-06-0111164.70906897146
2017-07-0111846.051562384579
2017-08-0111931.127034547291
2017-09-0113054.098643224743
2017-10-0113603.703430105144
2017-11-0113221.787200512179
2017-12-0114009.38169461476
2018-01-0113393.661815764204
2018-02-0112338.652089335403
2018-03-0112450.32134150846
2018-04-0114274.211420551084
2018-05-0113672.773386520894
2018-06-0114382.679569574748
2018-07-0114609.95789318165
2018-08-0113625.003077983798
2018-09-0113128.95520917978
2018-10-0110982.36930880796
2018-11-0110110.068700598362
2018-12-019958.262539705993
2019-01-0111084.927728940434
2019-02-0111720.46982344685
2019-03-0111462.904139272612
2019-04-0112496.614217822758
2019-05-0111250.277018541776
2019-06-0111360.838196547733
2019-07-0110648.962103863487
2019-08-0110067.592524192953
2019-09-0111344.34020339317
2019-10-0110743.640885474379
2019-11-0111915.244638152224
2019-12-0113914.087316244368
2020-01-0112099.061830538525
2020-02-0111096.870306074708
2020-03-016055.5022038363995
2020-04-017489.965772820172
2020-05-018088.941419812367
2020-06-017912.634507891951
2020-07-018017.162837654823
2020-08-018929.600354583734
2020-09-017397.0106621358755
2020-10-017369.308807958436
2020-11-0110552.559651325997
2020-12-0111262.46583437985
2021-01-0110574.10553790845
2021-02-0112779.665607840241
2021-03-0114631.503779764105
2021-04-0114399.42380143311
2021-05-0116408.97786314053
2021-06-0117375.711014257224
2021-07-0115814.311393464826
2021-08-0115838.319667085274
2021-09-0117686.218019748347
2021-10-0120575.829208835046
2021-11-0119757.947354165128
2021-12-0120672.724138780137
2022-01-0124914.924527837287
2022-02-0127317.352441456747
2022-03-0130634.80337839502
2022-04-0130580.38462485534
2022-05-0132784.95973997193
2022-06-0126792.864002363898
2022-07-0127551.402329418142
2022-08-0128535.618428504593
2022-09-0124494.471941099706
2022-10-0131526.803082908573
2022-11-0131411.07089212282
2022-12-0129538.54866907981
2023-01-0132682.401319839457
2023-02-0130059.83600502327
2023-03-0129827.38666863658
2023-04-0132855.99960601807
2023-05-0129035.236758513704
2023-06-0130691.930757676495
2023-07-0133168.7227598434
2023-08-0135290.80790918717
2023-09-0135647.97714904829
2023-10-0135019.57597695206
2023-11-0136822.16640811603
2023-12-0136546.37905986063
2024-01-0135692.9157124917
2024-02-0138872.349855950364
2024-03-0143024.54999876881
2024-04-0142742.60668291842
2024-05-0143312.033685454684
2024-06-0140594.66646967571
2024-07-0140457.88086971511
2024-08-0141290.29080790919
2024-09-0138323.73002388516
2024-10-0139258.45214350792
2024-11-0139027.603358695924
2024-12-0136067.69101967447
2025-01-0135460.2201374012
2025-02-0133029.9672502524
2025-03-0136471.276255201796
2025-04-0133972.69212774864
2025-05-0135962.054615744506
2025-06-0137672.921129743176
2025-07-0138032.92211469799
2025-08-0137972.96299032282
2025-09-0138855.2362660363
2025-10-0138928.24604171284
2025-11-0141055.7484425402
2025-12-0141675.900618059146
2026-01-0145812.71084189013
2026-02-0153889.34032651253
2026-03-0159996.06018073921
2026-04-0157016.57186476571
Annual Return Matrix
YearAnnual Return
20170.1506653992395437
2018-0.2891718737641382
20190.3972404584399687
2020-0.19057099625706764
20210.8355415628142902
20220.42886580746599323
20230.23724355821572374
2024-0.013098097609125614
20250.15549122884870759
20260.3680945347119646
Total Factor Risk
0.4077595279500217
VTI.US Exposure
-0.019944874156631844
VEA.US Exposure
0.010021506384517272
VWO.US Exposure
0.005742525179506016
QQQ.US Exposure
0.005391198055265549
VTV.US Exposure
0.17514328455751182
IJR.US Exposure
-0.0038879231867759425
QUAL.US Exposure
0.00424669301125876
SHV.US Exposure
0.4309744228627579
TLT.US Exposure
0.019091179102621068
LQD.US Exposure
0.0015255451637651049
HYG.US Exposure
0.032239363082581844
GLD.US Exposure
0.0071974531565088895
USO.US Exposure
0.17477645696186997
VNQ.US Exposure
-0.001212517044076308
BTC-USD.CC Exposure
0.007914177985348199
CPER.US Exposure
0.005044292130634711
VIX.INDX Exposure
-0.004590636402564829
UUP.US Exposure
0.004156328185449962
TIP.US Exposure
0.013609892443829612
Idiosyncratic Exposure
0.1325616325266221
Value Score
44.9
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
60.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
40.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →12.8x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →5.05%
Market Cap$99.4B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$560
Avg Yield on Cost
5.60%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$560.195.60%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+31.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
7.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.93
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Canadian Natural Resources Ltd a high-risk investment?

Canadian Natural Resources Ltd (CNQ.US) has an annualized volatility of 40.8% and experienced a maximum drawdown of 58.6% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of CNQ.US?

Over the past 10 years, CNQ.US has generated a Compound Annual Growth Rate (CAGR) of 18.0%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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