ASRT vs. CAVA

Last updated Jun 23, 2026

ASRT (Assertio Holdings, Inc.) and CAVA (CAVA Group Inc.) are both stocks. ASRT operates in Drug Manufacturers - Specialty & Generic (Healthcare), while CAVA operates in Restaurants (Consumer Cyclical). Over the past 3 years, ASRT returned -36.01%/yr vs 26.29%/yr for CAVA. At a 0.15 correlation, their price movements are largely independent.

Performance

ASRT vs. CAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Assertio Holdings, Inc. (ASRT) and CAVA Group Inc. (CAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRT achieves a 159.10% return, which is significantly higher than CAVA's 37.81% return.

ASRT

• 1D: 0.00%
• 1M: 0.26%
• YTD: 159.10%
• 6M: 114.08%
• 1Y: 148.99%
• 3Y*: -36.01%
• 5Y*: -0.79%
• 10Y*: -32.31%

CAVA

• 1D: -9.31%
• 1M: 0.57%
• YTD: 37.81%
• 6M: 39.35%
• 1Y: 8.39%
• 3Y*: 26.29%
• 5Y*: —
• 10Y*: —

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

ASRT vs. CAVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASRT Assertio Holdings, Inc.	159.10%	-30.59%	-18.59%	-82.26%
CAVA CAVA Group Inc.	37.81%	-47.97%	162.45%	2.33%

Correlation

The correlation between ASRT and CAVA is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.15

The correlation between ASRT and CAVA shifts across timeframes, from 0.05 (1 year) to 0.15 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ASRT : -$5.27 CAVA : $0.54
PS Ratio ASRT : 1.52 CAVA : 8.10
Total Revenue (TTM) ASRT : $102.16M CAVA : $1.18B
Gross Profit (TTM) ASRT : $71.85M CAVA : $216.81M
EBITDA (TTM) ASRT : -$2.31M CAVA : $150.65M

Return for Risk

ASRT vs. CAVA — Risk / Return Rank

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

ASRT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CAVA

CAVA Risk / Return Rank: 46
CAVA Sharpe Ratio Rank: 47
CAVA Sortino Ratio Rank: 47
CAVA Omega Ratio Rank: 46
CAVA Calmar Ratio Rank: 46
CAVA Martin Ratio Rank: 46

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.

ASRT vs. CAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Assertio Holdings, Inc. (ASRT) and CAVA Group Inc. (CAVA). 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.

	ASRT	CAVA	Difference
Sharpe ratio: Return per unit of total volatility	2.46	0.14	+2.32
Sortino ratio: Return per unit of downside risk	3.66	0.66	+3.00
Omega ratio: Gain probability vs. loss probability	1.46	1.08	+0.38
Calmar ratio: Return relative to maximum drawdown	3.62	0.16	+3.46
Martin ratio: Return relative to average drawdown	8.99	0.32	+8.67

ASRT vs. CAVA - Sharpe Ratio Comparison

The current ASRT Sharpe Ratio is 2.46, which is higher than the CAVA Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of ASRT and CAVA, 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

ASRT vs. CAVA - Drawdown Comparison

The maximum ASRT drawdown since its inception was -99.60%, which is greater than CAVA's maximum drawdown of -71.11%. Use the drawdown chart below to compare losses from any high point for ASRT and CAVA.

Drawdown Indicators

	ASRT	CAVA	Difference
Max Drawdown Largest peak-to-trough decline	-99.60%	-71.11%	-28.49%
Max Drawdown (1Y) Largest decline over 1 year	-37.96%	-52.65%	+14.69%
Max Drawdown (3Y) Largest decline over 3 years	-90.66%	-71.11%	-19.55%
Max Drawdown (5Y) Largest decline over 5 years	-93.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.49%	—	—
Current Drawdown Current decline from peak	-98.82%	-46.39%	-52.43%
Average Drawdown Average peak-to-trough decline	-63.04%	-30.20%	-32.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.27%	26.39%	-11.12%

Volatility

ASRT vs. CAVA - Volatility Comparison

The current volatility for Assertio Holdings, Inc. (ASRT) is 0.68%, while CAVA Group Inc. (CAVA) has a volatility of 17.72%. This indicates that ASRT experiences smaller price fluctuations and is considered to be less risky than CAVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRT	CAVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	17.72%	-17.04%
Volatility (6M) Calculated over the trailing 6-month period	39.54%	43.81%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	55.92%	58.99%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.51%	59.44%	+20.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.79%	59.44%	+24.35%

Dividends

ASRT vs. CAVA - Dividend Comparison

Neither ASRT nor CAVA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ASRT and CAVA in my portfolio?

ASRT and CAVA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASRT or CAVA?

CAVA has higher volatility (17.72%) compared to ASRT (0.68%). In terms of maximum drawdown, ASRT dropped -99.60% vs CAVA's -71.11%.

Which has better risk-adjusted returns?

ASRT currently has the higher Sharpe Ratio (2.46 vs 0.14), 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.