CF vs SU: Correlation
How closely do CF Industries (CF) and Suncor Energy Inc. (SU) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and SU?
On 3 years of weekly data the CF/SU correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 540.2 %².
Among the 50 assets we track against CF, SU ranks #13 by 3-year correlation. The last year tells two different stories: SU led by 15.7 percentage points, +48.6% for CF against +64.3% for SU.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CF vs SU: side by side
| CF (CF Industries) | SU (Suncor Energy Inc.) | |
|---|---|---|
| 1-year return | +48.6% | +64.3% |
| 5-year return | +211.5% | +325.4% |
| Volatility (ann.) | 32.8% | 29.1% |
| Beta vs S&P 500 | -0.20 | 0.13 |
| Max drawdown (3Y) | -29.2% | -22.7% |
| Market cap | $19.0B | $78.4B |
| P/E (trailing) | 9.3 | 12.1 |
| Dividend yield | 1.59% | 3.61% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | SU |
|---|---|---|
| 2022 | +22.3% | +32.3% |
| 2023 | -4.7% | +6.0% |
| 2024 | +10.1% | +16.2% |
| 2025 | -7.2% | +27.1% |
| 2026 | +64.9% | +51.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and SU good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CF and SU?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.66 over the last year and 0.49 over 5 years.
Is SU a good diversifier for CF?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cf-vs-su.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cf-vs-su/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CF correlations · SU correlations
