BNY vs. CAT

Last updated Jun 4, 2026

BNY (The Bank of New York Mellon Corporation) and CAT (Caterpillar Inc.) are both stocks. BNY operates in Banks - Diversified (Financial Services), while CAT operates in Farm & Heavy Construction Machinery (Industrials). Over the past 10 years, BNY returned 15.90%/yr vs 31.52%/yr for CAT. At a 0.36 correlation, their price movements are largely independent.

Performance

BNY vs. CAT - Performance Comparison

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

Returns By Period

In the year-to-date period, BNY achieves a 22.11% return, which is significantly lower than CAT's 62.36% return. Over the past 10 years, BNY has underperformed CAT with an annualized return of 15.90%, while CAT has yielded a comparatively higher 31.52% annualized return.

BNY

• 1D: -0.50%
• 1M: 6.59%
• YTD: 22.11%
• 6M: 25.35%
• 1Y: 60.34%
• 3Y*: 52.65%
• 5Y*: 25.33%
• 10Y*: 15.90%

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)

BNY vs. CAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BNY The Bank of New York Mellon Corporation	22.11%	54.45%	51.90%	18.52%	-19.14%	40.55%	-12.91%	9.56%	-10.85%	15.68%
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 BNY and CAT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 4, 1973	0.36

The correlation between BNY and CAT shifts across timeframes, from 0.34 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BNY : $98.14B CAT : $431.41B
EPS BNY : $8.43 CAT : $20.07
PE Ratio BNY : 16.67 CAT : 46.14
PEG Ratio BNY : 0.82 CAT : 3.05
PS Ratio BNY : 2.44 CAT : 6.14
PB Ratio BNY : 2.49 CAT : 23.12
Total Revenue (TTM) BNY : $40.65B CAT : $70.76B
Gross Profit (TTM) BNY : $20.54B CAT : $23.01B
EBITDA (TTM) BNY : $8.96B CAT : $15.31B

Return for Risk

BNY vs. CAT — Risk / Return Rank

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

BNY

BNY Risk / Return Rank: 94
BNY Sharpe Ratio Rank: 95
BNY Sortino Ratio Rank: 93
BNY Omega Ratio Rank: 93
BNY Calmar Ratio Rank: 93
BNY Martin Ratio Rank: 94

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.

BNY vs. CAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of New York Mellon Corporation (BNY) 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.

	BNY	CAT	Difference
Sharpe ratio Return per unit of total volatility	3.06	4.98	-1.91
Sortino ratio Return per unit of downside risk	3.78	5.68	-1.90
Omega ratio Gain probability vs. loss probability	1.50	1.72	-0.22
Calmar ratio Return relative to maximum drawdown	5.98	12.18	-6.20
Martin ratio Return relative to average drawdown	16.93	40.49	-23.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNY vs. CAT - Sharpe Ratio Comparison

The current BNY Sharpe Ratio is 3.06, which is lower than the CAT Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of BNY 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

	BNY	CAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	4.98	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	1.08	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	1.02	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.35	0.00

Drawdowns

BNY vs. CAT - Drawdown Comparison

The maximum BNY drawdown since its inception was -72.28%, roughly equal to the maximum CAT drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for BNY and CAT.

Drawdown Indicators

	BNY	CAT	Difference
Max Drawdown Largest peak-to-trough decline	-72.28%	-73.43%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-13.88%	+3.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-34.05%	+16.47%
Max Drawdown (5Y) Largest decline over 5 years	-40.45%	-34.05%	-6.40%
Max Drawdown (10Y) Largest decline over 10 years	-50.49%	-43.36%	-7.13%
Current Drawdown Current decline from peak	-1.42%	-0.08%	-1.34%
Average Drawdown Average peak-to-trough decline	-18.72%	-19.74%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	4.17%	-0.59%

Volatility

BNY vs. CAT - Volatility Comparison

The current volatility for The Bank of New York Mellon Corporation (BNY) is 4.87%, while Caterpillar Inc. (CAT) has a volatility of 11.17%. This indicates that BNY experiences smaller price fluctuations and is considered to be less risky than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNY	CAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	11.17%	-6.30%
Volatility (6M) Calculated over the trailing 6-month period	15.73%	27.09%	-11.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.79%	33.97%	-14.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.58%	30.62%	-6.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.04%	30.86%	-3.82%

Dividends

BNY vs. CAT - Dividend Comparison

BNY's dividend yield for the trailing twelve months is around 1.51%, more than CAT's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNY The Bank of New York Mellon Corporation	1.51%	1.72%	2.32%	3.04%	3.12%	2.24%	2.92%	2.34%	2.21%	1.60%	1.52%	1.65%
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

BNY vs. CAT - Profitability Comparison

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

BNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a gross profit of 5.42B and revenue of 9.86B. Therefore, the gross margin over that period was 54.9%.

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%.

BNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported an operating income of 2.02B and revenue of 9.86B, resulting in an operating margin of 20.4%.

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%.

BNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a net income of 1.63B and revenue of 9.86B, resulting in a net margin of 16.6%.

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 BNY and CAT in my portfolio?

BNY and CAT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNY or CAT?

CAT has higher volatility (11.17%) compared to BNY (4.87%). In terms of maximum drawdown, BNY dropped -72.28% vs CAT's -73.43%.

Which has better risk-adjusted returns?

CAT currently has the higher Sharpe Ratio (4.98 vs 3.06), 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.