AVNT vs. CAT

Last updated Jun 4, 2026

AVNT (Avient Corporation) and CAT (Caterpillar Inc.) are both stocks. AVNT operates in Specialty Chemicals (Basic Materials), while CAT operates in Farm & Heavy Construction Machinery (Industrials). Over the past 10 years, AVNT returned 1.46%/yr vs 31.52%/yr for CAT. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

AVNT vs. CAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avient Corporation (AVNT) and Caterpillar Inc. (CAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNT achieves a 11.33% return, which is significantly lower than CAT's 62.36% return. Over the past 10 years, AVNT has underperformed CAT with an annualized return of 1.46%, while CAT has yielded a comparatively higher 31.52% annualized return.

AVNT

• 1D: -2.02%
• 1M: -3.12%
• YTD: 11.33%
• 6M: 12.06%
• 1Y: -2.62%
• 3Y*: -1.72%
• 5Y*: -5.54%
• 10Y*: 1.46%

CAT

• 1D: 1.80%
• 1M: 5.88%
• YTD: 62.36%
• 6M: 57.25%
• 1Y: 167.95%
• 3Y*: 62.31%
• 5Y*: 32.93%
• 10Y*: 31.52%

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

AVNT vs. CAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVNT Avient Corporation	11.33%	-21.17%	0.62%	26.38%	-38.23%	41.33%	12.93%	31.90%	-33.01%	37.84%
CAT Caterpillar Inc.	62.36%	60.30%	24.66%	25.95%	18.60%	15.95%	26.97%	19.51%	-17.56%	75.03%

Correlation

The correlation between AVNT and CAT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 14, 1999	0.50

The correlation between AVNT and CAT shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AVNT : $3.17B CAT : $431.41B
EPS AVNT : $1.72 CAT : $20.07
PE Ratio AVNT : 20.08 CAT : 46.14
PEG Ratio AVNT : 0.43 CAT : 3.05
PS Ratio AVNT : 0.97 CAT : 6.14
PB Ratio AVNT : 1.31 CAT : 23.12
Total Revenue (TTM) AVNT : $3.28B CAT : $70.76B
Gross Profit (TTM) AVNT : $1.04B CAT : $23.01B
EBITDA (TTM) AVNT : $481.10M CAT : $15.31B

Return for Risk

AVNT vs. CAT — Risk / Return Rank

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

AVNT

AVNT Risk / Return Rank: 35
AVNT Sharpe Ratio Rank: 37
AVNT Sortino Ratio Rank: 33
AVNT Omega Ratio Rank: 32
AVNT Calmar Ratio Rank: 37
AVNT Martin Ratio Rank: 37

CAT

CAT Risk / Return Rank: 98
CAT Sharpe Ratio Rank: 98
CAT Sortino Ratio Rank: 98
CAT Omega Ratio Rank: 97
CAT Calmar Ratio Rank: 98
CAT Martin Ratio Rank: 99

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.

AVNT vs. CAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avient Corporation (AVNT) and Caterpillar Inc. (CAT). 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.

	AVNT	CAT	Difference
Sharpe ratio Return per unit of total volatility	-0.08	4.98	-5.06
Sortino ratio Return per unit of downside risk	0.13	5.68	-5.54
Omega ratio Gain probability vs. loss probability	1.01	1.72	-0.71
Calmar ratio Return relative to maximum drawdown	-0.10	12.18	-12.27
Martin ratio Return relative to average drawdown	-0.19	40.49	-40.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVNT vs. CAT - Sharpe Ratio Comparison

The current AVNT Sharpe Ratio is -0.08, which is lower than the CAT Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of AVNT and CAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVNT	CAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	4.98	-5.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	1.08	-1.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	1.02	-0.99
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.35	-0.24

Drawdowns

AVNT vs. CAT - Drawdown Comparison

The maximum AVNT drawdown since its inception was -89.80%, which is greater than CAT's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for AVNT and CAT.

Drawdown Indicators

	AVNT	CAT	Difference
Max Drawdown Largest peak-to-trough decline	-89.80%	-73.43%	-16.37%
Max Drawdown (1Y) Largest decline over 1 year	-26.89%	-13.88%	-13.01%
Max Drawdown (3Y) Largest decline over 3 years	-46.88%	-34.05%	-12.83%
Max Drawdown (5Y) Largest decline over 5 years	-52.94%	-34.05%	-18.89%
Max Drawdown (10Y) Largest decline over 10 years	-76.89%	-43.36%	-33.53%
Current Drawdown Current decline from peak	-36.40%	-0.08%	-36.32%
Average Drawdown Average peak-to-trough decline	-28.85%	-19.74%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.50%	4.17%	+9.33%

Volatility

AVNT vs. CAT - Volatility Comparison

Avient Corporation (AVNT) and Caterpillar Inc. (CAT) have volatilities of 11.00% and 11.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNT	CAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	11.17%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	23.41%	27.09%	-3.68%
Volatility (1Y) Calculated over the trailing 1-year period	33.54%	33.97%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.90%	30.62%	+6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.84%	30.86%	+8.98%

Dividends

AVNT vs. CAT - Dividend Comparison

AVNT's dividend yield for the trailing twelve months is around 3.16%, more than CAT's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNT Avient Corporation	3.16%	3.47%	2.55%	2.41%	2.84%	1.56%	2.04%	2.14%	2.52%	1.33%	1.54%	1.32%
CAT Caterpillar Inc.	0.65%	1.02%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%

Financials

AVNT vs. CAT - Profitability Comparison

The chart below illustrates the profitability comparison between Avient Corporation and Caterpillar Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported a gross profit of 272.60M and revenue of 847.40M. Therefore, the gross margin over that period was 32.2%.

CAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.

AVNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported an operating income of 95.80M and revenue of 847.40M, resulting in an operating margin of 11.3%.

CAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.

AVNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported a net income of 55.70M and revenue of 847.40M, resulting in a net margin of 6.6%.

CAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.

Frequently Asked Questions

Can I hold both AVNT and CAT in my portfolio?

AVNT and CAT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNT or CAT?

CAT has higher volatility (11.17%) compared to AVNT (11.00%). In terms of maximum drawdown, AVNT dropped -89.80% vs CAT's -73.43%.

Which has better risk-adjusted returns?

CAT currently has the higher Sharpe Ratio (4.98 vs -0.08), 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.