BAYRY vs. CF

Last updated Jun 3, 2026

BAYRY (Bayer AG PK) and CF (CF Industries Holdings, Inc.) are both stocks. BAYRY operates in Drug Manufacturers - General (Healthcare), while CF operates in Agricultural Inputs (Basic Materials). Over the past 10 years, BAYRY returned -6.56%/yr vs 17.96%/yr for CF. At a 0.24 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, BAYRY achieves a -8.42% return, which is significantly lower than CF's 48.11% return. Over the past 10 years, BAYRY has underperformed CF with an annualized return of -6.56%, while CF has yielded a comparatively higher 17.96% annualized return.

BAYRY

• 1D: -2.66%
• 1M: -11.07%
• YTD: -8.42%
• 6M: 0.91%
• 1Y: 36.87%
• 3Y*: -10.81%
• 5Y*: -7.53%
• 10Y*: -6.56%

CF

• 1D: 0.16%
• 1M: -7.13%
• YTD: 48.11%
• 6M: 45.06%
• 1Y: 24.68%
• 3Y*: 24.55%
• 5Y*: 18.05%
• 10Y*: 17.96%

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

BAYRY vs. CF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAYRY Bayer AG PK	-8.42%	122.78%	-46.92%	-25.35%	0.35%	-7.34%	-24.48%	19.20%	-41.53%	24.36%
CF CF Industries Holdings, Inc.	48.11%	-7.17%	10.08%	-4.75%	22.29%	87.18%	-15.76%	12.73%	5.13%	40.24%

Correlation

The correlation between BAYRY and CF is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007	0.24

The correlation between BAYRY and CF shifts across timeframes, from -0.16 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BAYRY : $38.83B CF : $17.53B
EPS BAYRY : -$0.53 CF : $11.08
PS Ratio BAYRY : 0.86 CF : 2.43
PB Ratio BAYRY : 1.34 CF : 2.12
Total Revenue (TTM) BAYRY : $45.36B CF : $7.41B
Gross Profit (TTM) BAYRY : $26.91B CF : $2.99B
EBITDA (TTM) BAYRY : $7.30B CF : $2.60B

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: 66
BAYRY Sharpe Ratio Rank: 69
BAYRY Sortino Ratio Rank: 66
BAYRY Omega Ratio Rank: 63
BAYRY Calmar Ratio Rank: 65
BAYRY Martin Ratio Rank: 67

CF

CF Risk / Return Rank: 58
CF Sharpe Ratio Rank: 60
CF Sortino Ratio Rank: 55
CF Omega Ratio Rank: 54
CF Calmar Ratio Rank: 63
CF Martin Ratio Rank: 60

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	0.94	0.59	+0.35
Sortino ratio Return per unit of downside risk	1.57	1.11	+0.47
Omega ratio Gain probability vs. loss probability	1.19	1.14	+0.05
Calmar ratio Return relative to maximum drawdown	1.29	1.12	+0.17
Martin ratio Return relative to average drawdown	3.20	2.00	+1.20
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 0.94, which is higher than the CF Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of BAYRY and CF, 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

	BAYRY	CF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.59	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	0.48	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.20	0.45	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.47	-0.51

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	-31.19%	-24.87%	-6.32%
Max Drawdown (3Y) Largest decline over 3 years	-66.65%	-29.16%	-37.49%
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	-65.79%	-17.19%	-48.60%
Average Drawdown Average peak-to-trough decline	-34.31%	-24.94%	-9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.56%	13.88%	-1.32%

Volatility

BAYRY vs. CF - Volatility Comparison

The current volatility for Bayer AG PK (BAYRY) is 9.24%, while CF Industries Holdings, Inc. (CF) has a volatility of 14.97%. 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	9.24%	14.97%	-5.73%
Volatility (6M) Calculated over the trailing 6-month period	29.54%	35.02%	-5.48%
Volatility (1Y) Calculated over the trailing 1-year period	39.52%	41.86%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.23%	38.15%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.50%	40.41%	-7.91%

Dividends

BAYRY vs. CF - Dividend Comparison

BAYRY's dividend yield for the trailing twelve months is around 0.32%, less than CF's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAYRY Bayer AG PK	0.32%	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.	1.76%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%

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 Jun 2026, Bayer AG PK reported a gross profit of 8.31B and revenue of 13.63B. Therefore, the gross margin over that period was 61.0%.

CF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.

BAYRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bayer AG PK reported an operating income of 3.16B and revenue of 13.63B, resulting in an operating margin of 23.2%.

CF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.

BAYRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bayer AG PK reported a net income of 2.81B and revenue of 13.63B, resulting in a net margin of 20.6%.

CF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.

Frequently Asked Questions

Can I hold both BAYRY and CF in my portfolio?

BAYRY and CF have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAYRY or CF?

CF has higher volatility (14.97%) compared to BAYRY (9.24%). In terms of maximum drawdown, BAYRY dropped -83.33% vs CF's -76.73%.

Which has better risk-adjusted returns?

BAYRY currently has the higher Sharpe Ratio (0.94 vs 0.59), 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.