BAYRY vs. CF

Last updated Apr 1, 2026

Compare and contrast key facts about Bayer AG PK (BAYRY) and CF Industries Holdings, Inc. (CF).

Performance

BAYRY vs. CF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bayer AG PK (BAYRY) and CF Industries Holdings, Inc. (CF). The values are adjusted to include any dividend payments, if applicable.

BAYRY vs. CF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAYRY Bayer AG PK	6.10%	122.78%	-46.92%	-25.35%	0.35%	-7.34%	-24.48%	19.20%	-41.53%	24.36%
CF CF Industries Holdings, Inc.	68.78%	-7.17%	10.08%	-4.75%	22.29%	87.18%	-15.76%	12.73%	5.13%	40.24%

Fundamentals

Market Cap BAYRY : $45.11B CF : $20.27B
EPS BAYRY : -$0.91 CF : $9.09
PS Ratio BAYRY : 0.99 CF : 2.94
PB Ratio BAYRY : 1.74 CF : 4.19
Total Revenue (TTM) BAYRY : $45.47B CF : $7.08B
Gross Profit (TTM) BAYRY : $26.71B CF : $2.92B
EBITDA (TTM) BAYRY : $6.45B CF : $3.33B

Returns By Period

In the year-to-date period, BAYRY achieves a 6.10% return, which is significantly lower than CF's 68.78% return. Over the past 10 years, BAYRY has underperformed CF with an annualized return of -6.26%, while CF has yielded a comparatively higher 18.25% annualized return.

BAYRY

• 1D: 3.42%
• 1M: -6.67%
• YTD: 6.10%
• 6M: 38.48%
• 1Y: 91.61%
• 3Y*: -8.90%
• 5Y*: -3.90%
• 10Y*: -6.26%

CF

• 1D: -5.64%
• 1M: 30.44%
• YTD: 68.78%
• 6M: 46.39%
• 1Y: 70.01%
• 3Y*: 24.33%
• 5Y*: 25.78%
• 10Y*: 18.25%

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

Return for Risk

BAYRY vs. CF — Risk / Return Rank

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

BAYRY

BAYRY Risk / Return Rank: 90
BAYRY Sharpe Ratio Rank: 93
BAYRY Sortino Ratio Rank: 90
BAYRY Omega Ratio Rank: 89
BAYRY Calmar Ratio Rank: 88
BAYRY Martin Ratio Rank: 89

CF

CF Risk / Return Rank: 85
CF Sharpe Ratio Rank: 89
CF Sortino Ratio Rank: 87
CF Omega Ratio Rank: 84
CF Calmar Ratio Rank: 85
CF Martin Ratio Rank: 79

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.

BAYRY vs. CF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bayer AG PK (BAYRY) and CF Industries Holdings, Inc. (CF). 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.

	BAYRY	CF	Difference
Sharpe ratio Return per unit of total volatility	2.25	1.85	+0.41
Sortino ratio Return per unit of downside risk	2.85	2.48	+0.37
Omega ratio Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio Return relative to maximum drawdown	3.33	2.88	+0.44
Martin ratio Return relative to average drawdown	10.07	5.43	+4.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAYRY vs. CF - Sharpe Ratio Comparison

The current BAYRY Sharpe Ratio is 2.25, which is comparable to the CF Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BAYRY and CF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BAYRY	CF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.85	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.70	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.19	0.45	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.49	-0.51

Correlation

The correlation between BAYRY and CF is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BAYRY vs. CF - Dividend Comparison

BAYRY's dividend yield for the trailing twelve months is around 0.27%, less than CF's 1.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAYRY Bayer AG PK	0.27%	0.29%	0.60%	6.85%	4.27%	4.48%	3.61%	2.71%	5.69%	4.20%	2.65%	2.03%
CF CF Industries Holdings, Inc.	1.54%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%

Drawdowns

BAYRY vs. CF - Drawdown Comparison

The maximum BAYRY drawdown since its inception was -83.33%, which is greater than CF's maximum drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for BAYRY and CF.

Drawdown Indicators

	BAYRY	CF	Difference
Max Drawdown Largest peak-to-trough decline	-83.33%	-76.73%	-6.60%
Max Drawdown (1Y) Largest decline over 1 year	-26.39%	-24.87%	-1.52%
Max Drawdown (5Y) Largest decline over 5 years	-71.71%	-48.36%	-23.35%
Max Drawdown (10Y) Largest decline over 10 years	-83.02%	-60.74%	-22.28%
Current Drawdown Current decline from peak	-60.36%	-5.64%	-54.72%
Average Drawdown Average peak-to-trough decline	-34.06%	-25.05%	-9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.72%	13.21%	-4.49%

Volatility

BAYRY vs. CF - Volatility Comparison

The current volatility for Bayer AG PK (BAYRY) is 12.72%, while CF Industries Holdings, Inc. (CF) has a volatility of 21.71%. This indicates that BAYRY experiences smaller price fluctuations and is considered to be less risky than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAYRY	CF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.72%	21.71%	-8.99%
Volatility (6M) Calculated over the trailing 6-month period	30.47%	29.72%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	40.92%	38.14%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.01%	37.27%	-3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.46%	40.30%	-7.84%

Financials

BAYRY vs. CF - Profitability Comparison

The chart below illustrates the profitability comparison between Bayer AG PK and CF Industries Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BAYRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bayer AG PK reported a gross profit of 6.87B and revenue of 11.33B. Therefore, the gross margin over that period was 60.7%.

CF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CF Industries Holdings, Inc. reported a gross profit of 769.00M and revenue of 1.87B. Therefore, the gross margin over that period was 41.1%.

BAYRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bayer AG PK reported an operating income of 1.69B and revenue of 11.33B, resulting in an operating margin of 14.9%.

CF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CF Industries Holdings, Inc. reported an operating income of 678.00M and revenue of 1.87B, resulting in an operating margin of 36.2%.

BAYRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bayer AG PK reported a net income of -3.72B and revenue of 11.33B, resulting in a net margin of -32.9%.

CF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CF Industries Holdings, Inc. reported a net income of 404.00M and revenue of 1.87B, resulting in a net margin of 21.6%.