BROS vs. DNUT
BROS (Dutch Bros Inc.) and DNUT (Krispy Kreme, Inc.) are both stocks. BROS operates in Restaurants (Consumer Cyclical), while DNUT operates in Grocery Stores (Consumer Defensive). Over the past 3 years, BROS returned 26.50%/yr vs -39.65%/yr for DNUT. At a 0.26 correlation, their price movements are largely independent.
Performance
BROS vs. DNUT - Performance Comparison
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Returns By Period
In the year-to-date period, BROS achieves a -7.55% return, which is significantly higher than DNUT's -17.91% return.
BROS
- 1D
- -2.18%
- 1M
- -0.42%
- YTD
- -7.55%
- 6M
- -7.53%
- 1Y
- -20.06%
- 3Y*
- 26.50%
- 5Y*
- —
- 10Y*
- —
DNUT
- 1D
- -1.49%
- 1M
- -11.53%
- YTD
- -17.91%
- 6M
- -23.96%
- 1Y
- 11.49%
- 3Y*
- -39.65%
- 5Y*
- —
- 10Y*
- —
BROS vs. DNUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BROS Dutch Bros Inc. | -7.55% | 16.88% | 65.39% | 12.34% | -44.63% | 38.79% |
DNUT Krispy Kreme, Inc. | -17.91% | -59.02% | -33.44% | 47.72% | -44.93% | 23.99% |
Correlation
The correlation between BROS and DNUT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.26 |
Fundamentals
BROS:
$7.21B
DNUT:
$567.66M
BROS:
$0.63
DNUT:
-$2.95
BROS:
4.12
DNUT:
0.37
BROS:
10.35
DNUT:
0.90
BROS:
$1.75B
DNUT:
$1.51B
BROS:
$441.43M
DNUT:
$208.21M
BROS:
$241.99M
DNUT:
-$299.73M
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Return for Risk
BROS vs. DNUT — Risk / Return Rank
BROS
DNUT
BROS vs. DNUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dutch Bros Inc. (BROS) and Krispy Kreme, Inc. (DNUT). 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.
| BROS | DNUT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.39 | 0.16 | -0.55 |
Sortino ratioReturn per unit of downside risk | -0.27 | 0.88 | -1.15 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.09 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.30 | -0.85 |
Martin ratioReturn relative to average drawdown | -0.88 | 0.54 | -1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BROS | DNUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 0.16 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.53 | +0.68 |
Drawdowns
BROS vs. DNUT - Drawdown Comparison
The maximum BROS drawdown since its inception was -70.09%, smaller than the maximum DNUT drawdown of -87.18%. Use the drawdown chart below to compare losses from any high point for BROS and DNUT.
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Drawdown Indicators
| BROS | DNUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -87.18% | +17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -37.11% | -37.87% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -45.31% | -84.87% | +39.56% |
Current DrawdownCurrent decline from peak | -33.70% | -83.54% | +49.84% |
Average DrawdownAverage peak-to-trough decline | -43.91% | -47.47% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.87% | 21.37% | +1.50% |
Volatility
BROS vs. DNUT - Volatility Comparison
Dutch Bros Inc. (BROS) has a higher volatility of 16.03% compared to Krispy Kreme, Inc. (DNUT) at 11.31%. This indicates that BROS's price experiences larger fluctuations and is considered to be riskier than DNUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BROS | DNUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.03% | 11.31% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 35.03% | 43.67% | -8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.20% | 72.12% | -19.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.62% | 57.96% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.62% | 57.96% | +7.66% |
Dividends
BROS vs. DNUT - Dividend Comparison
Neither BROS nor DNUT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BROS Dutch Bros Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DNUT Krispy Kreme, Inc. | 0.00% | 1.74% | 1.41% | 0.93% | 1.36% | 0.18% |
Financials
BROS vs. DNUT - Financials Comparison
This section allows you to compare key financial metrics between Dutch Bros Inc. and Krispy Kreme, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BROS vs. DNUT - Profitability Comparison
BROS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dutch Bros Inc. reported a gross profit of 107.48M and revenue of 464.41M. Therefore, the gross margin over that period was 23.1%.
DNUT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Krispy Kreme, Inc. reported a gross profit of 278.70M and revenue of 367.03M. Therefore, the gross margin over that period was 75.9%.
BROS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dutch Bros Inc. reported an operating income of 34.30M and revenue of 464.41M, resulting in an operating margin of 7.4%.
DNUT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Krispy Kreme, Inc. reported an operating income of -159.00K and revenue of 367.03M, resulting in an operating margin of -0.0%.
BROS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dutch Bros Inc. reported a net income of 16.10M and revenue of 464.41M, resulting in a net margin of 3.5%.
DNUT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Krispy Kreme, Inc. reported a net income of -22.78M and revenue of 367.03M, resulting in a net margin of -6.2%.
Frequently Asked Questions
BROS and DNUT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BROS has higher volatility (16.03%) compared to DNUT (11.31%). In terms of maximum drawdown, BROS dropped -70.09% vs DNUT's -87.18%.
DNUT currently has the higher Sharpe Ratio (0.16 vs -0.39), 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.
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