ARRY vs. CAG

Last updated Jun 13, 2026

ARRY (Array Technologies, Inc.) and CAG (Conagra Brands, Inc.) are both stocks. ARRY operates in Solar (Technology), while CAG operates in Packaged Foods (Consumer Defensive). Over the past 5 years, ARRY returned -13.61%/yr vs -13.84%/yr for CAG. At a 0.04 correlation, their price movements are largely independent.

Performance

ARRY vs. CAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Array Technologies, Inc. (ARRY) and Conagra Brands, Inc. (CAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARRY achieves a -15.73% return, which is significantly higher than CAG's -17.02% return.

ARRY

• 1D: 4.30%
• 1M: -11.60%
• YTD: -15.73%
• 6M: -8.80%
• 1Y: 4.58%
• 3Y*: -29.95%
• 5Y*: -13.61%
• 10Y*: —

CAG

• 1D: 2.16%
• 1M: -2.48%
• YTD: -17.02%
• 6M: -19.07%
• 1Y: -32.99%
• 3Y*: -21.83%
• 5Y*: -13.84%
• 10Y*: -5.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARRY vs. CAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARRY Array Technologies, Inc.	-15.73%	52.65%	-64.05%	-13.09%	23.20%	-63.63%	46.24%
CAG Conagra Brands, Inc.	-17.02%	-33.32%	1.46%	-22.82%	17.52%	-2.55%	-3.04%

Correlation

The correlation between ARRY and CAG is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020	0.04

Fundamentals

Market Cap ARRY : $1.19B CAG : $6.58B
EPS ARRY : -$0.44 CAG : -$0.09
PS Ratio ARRY : 0.99 CAG : 0.59
Total Revenue (TTM) ARRY : $1.21B CAG : $11.18B
Gross Profit (TTM) ARRY : $269.92M CAG : $2.70B
EBITDA (TTM) ARRY : $5.35M CAG : $792.70M

Return for Risk

ARRY vs. CAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARRY

ARRY Risk / Return Rank: 46
ARRY Sharpe Ratio Rank: 45
ARRY Sortino Ratio Rank: 49
ARRY Omega Ratio Rank: 49
ARRY Calmar Ratio Rank: 45
ARRY Martin Ratio Rank: 45

CAG

CAG Risk / Return Rank: 5
CAG Sharpe Ratio Rank: 3
CAG Sortino Ratio Rank: 4
CAG Omega Ratio Rank: 7
CAG Calmar Ratio Rank: 7
CAG Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARRY vs. CAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) and Conagra Brands, Inc. (CAG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ARRY	CAG	Difference
Sharpe ratio: Return per unit of total volatility	0.05	-1.17	+1.23
Sortino ratio: Return per unit of downside risk	0.69	-1.69	+2.38
Omega ratio: Gain probability vs. loss probability	1.09	0.81	+0.28
Calmar ratio: Return relative to maximum drawdown	0.10	-0.90	+1.00
Martin ratio: Return relative to average drawdown	0.20	-1.81	+2.01

ARRY vs. CAG - Sharpe Ratio Comparison

The current ARRY Sharpe Ratio is 0.05, which is higher than the CAG Sharpe Ratio of -1.17. The chart below compares the historical Sharpe Ratios of ARRY and CAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARRY vs. CAG - Drawdown Comparison

The maximum ARRY drawdown since its inception was -92.20%, which is greater than CAG's maximum drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for ARRY and CAG.

Drawdown Indicators

	ARRY	CAG	Difference
Max Drawdown Largest peak-to-trough decline	-92.20%	-62.52%	-29.68%
Max Drawdown (1Y) Largest decline over 1 year	-44.31%	-36.75%	-7.56%
Max Drawdown (3Y) Largest decline over 3 years	-84.88%	-56.85%	-28.03%
Max Drawdown (5Y) Largest decline over 5 years	-85.31%	-62.52%	-22.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.52%	—
Current Drawdown Current decline from peak	-84.78%	-59.06%	-25.72%
Average Drawdown Average peak-to-trough decline	-68.90%	-15.76%	-53.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.24%	20.37%	+2.87%

Volatility

ARRY vs. CAG - Volatility Comparison

Array Technologies, Inc. (ARRY) has a higher volatility of 24.08% compared to Conagra Brands, Inc. (CAG) at 8.53%. This indicates that ARRY's price experiences larger fluctuations and is considered to be riskier than CAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARRY	CAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.08%	8.53%	+15.55%
Volatility (6M) Calculated over the trailing 6-month period	63.54%	22.11%	+41.43%
Volatility (1Y) Calculated over the trailing 1-year period	85.05%	28.21%	+56.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.61%	23.36%	+58.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.77%	26.20%	+56.57%

Dividends

ARRY vs. CAG - Dividend Comparison

ARRY has not paid dividends to shareholders, while CAG's dividend yield for the trailing twelve months is around 10.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARRY Array Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CAG Conagra Brands, Inc.	10.19%	8.09%	5.05%	4.75%	3.32%	3.44%	2.52%	2.48%	3.98%	2.19%	29.36%	2.37%

Financials

ARRY vs. CAG - Profitability Comparison

The chart below illustrates the profitability comparison between Array Technologies, Inc. and Conagra Brands, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ARRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Array Technologies, Inc. reported a gross profit of 63.00M and revenue of 223.41M. Therefore, the gross margin over that period was 28.2%.

CAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Conagra Brands, Inc. reported a gross profit of 657.70M and revenue of 2.79B. Therefore, the gross margin over that period was 23.6%.

ARRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Array Technologies, Inc. reported an operating income of 7.11M and revenue of 223.41M, resulting in an operating margin of 3.2%.

CAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Conagra Brands, Inc. reported an operating income of 280.10M and revenue of 2.79B, resulting in an operating margin of 10.1%.

ARRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Array Technologies, Inc. reported a net income of 2.00M and revenue of 223.41M, resulting in a net margin of 0.9%.

CAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Conagra Brands, Inc. reported a net income of 199.80M and revenue of 2.79B, resulting in a net margin of 7.2%.

Frequently Asked Questions

Can I hold both ARRY and CAG in my portfolio?

ARRY and CAG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARRY or CAG?

ARRY has higher volatility (24.08%) compared to CAG (8.53%). In terms of maximum drawdown, ARRY dropped -92.20% vs CAG's -62.52%.

Which has better risk-adjusted returns?

ARRY currently has the higher Sharpe Ratio (0.05 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.