BYD vs. CAG

Last updated Apr 1, 2026

Compare and contrast key facts about Boyd Gaming Corporation (BYD) and Conagra Brands, Inc. (CAG).

Performance

BYD vs. CAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boyd Gaming Corporation (BYD) and Conagra Brands, Inc. (CAG). The values are adjusted to include any dividend payments, if applicable.

BYD vs. CAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BYD Boyd Gaming Corporation	-3.35%	18.61%	17.13%	15.99%	-15.74%	52.77%	43.35%	45.51%	-40.25%	74.70%
CAG Conagra Brands, Inc.	-7.39%	-33.32%	1.46%	-22.82%	17.52%	-2.55%	8.69%	65.50%	-41.99%	-2.55%

Fundamentals

Market Cap BYD : $6.46B CAG : $7.53B
EPS BYD : $22.86 CAG : $0.14
PE Ratio BYD : 3.60 CAG : 113.20
PEG Ratio BYD : 0.05 CAG : 3.54
PS Ratio BYD : 1.62 CAG : 0.54
PB Ratio BYD : 2.48 CAG : 0.93
Total Revenue (TTM) BYD : $4.09B CAG : $13.87B
Gross Profit (TTM) BYD : $1.72B CAG : $3.39B
EBITDA (TTM) BYD : $2.79B CAG : $1.11B

Returns By Period

In the year-to-date period, BYD achieves a -3.35% return, which is significantly higher than CAG's -7.39% return. Over the past 10 years, BYD has outperformed CAG with an annualized return of 15.48%, while CAG has yielded a comparatively lower -4.43% annualized return.

BYD

• 1D: 2.51%
• 1M: -1.02%
• YTD: -3.35%
• 6M: -4.50%
• 1Y: 25.99%
• 3Y*: 9.72%
• 5Y*: 6.94%
• 10Y*: 15.48%

CAG

• 1D: -0.06%
• 1M: -18.34%
• YTD: -7.39%
• 6M: -10.65%
• 1Y: -36.62%
• 3Y*: -20.96%
• 5Y*: -11.78%
• 10Y*: -4.43%

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

Return for Risk

BYD vs. CAG — Risk / Return Rank

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

BYD

BYD Risk / Return Rank: 73
BYD Sharpe Ratio Rank: 73
BYD Sortino Ratio Rank: 67
BYD Omega Ratio Rank: 66
BYD Calmar Ratio Rank: 79
BYD Martin Ratio Rank: 77

CAG

CAG Risk / Return Rank: 5
CAG Sharpe Ratio Rank: 1
CAG Sortino Ratio Rank: 2
CAG Omega Ratio Rank: 4
CAG Calmar Ratio Rank: 7
CAG Martin Ratio Rank: 13

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.

BYD vs. CAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boyd Gaming Corporation (BYD) and Conagra Brands, Inc. (CAG). 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.

	BYD	CAG	Difference
Sharpe ratio Return per unit of total volatility	0.91	-1.35	+2.26
Sortino ratio Return per unit of downside risk	1.42	-2.01	+3.44
Omega ratio Gain probability vs. loss probability	1.19	0.78	+0.41
Calmar ratio Return relative to maximum drawdown	2.08	-0.93	+3.01
Martin ratio Return relative to average drawdown	4.89	-1.40	+6.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BYD vs. CAG - Sharpe Ratio Comparison

The current BYD Sharpe Ratio is 0.91, which is higher than the CAG Sharpe Ratio of -1.35. The chart below compares the historical Sharpe Ratios of BYD and CAG, 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

	BYD	CAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	-1.35	+2.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	-0.52	+0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	-0.17	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.26	-0.18

Correlation

The correlation between BYD and CAG is 0.17, 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

BYD vs. CAG - Dividend Comparison

BYD's dividend yield for the trailing twelve months is around 0.90%, less than CAG's 8.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BYD Boyd Gaming Corporation	0.90%	0.84%	0.94%	1.02%	1.36%	0.00%	0.00%	0.90%	1.11%	0.43%	0.00%	0.00%
CAG Conagra Brands, Inc.	8.91%	8.09%	5.05%	4.75%	3.32%	3.44%	2.52%	2.48%	3.98%	2.19%	29.36%	2.37%

Drawdowns

BYD vs. CAG - Drawdown Comparison

The maximum BYD drawdown since its inception was -94.49%, which is greater than CAG's maximum drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for BYD and CAG.

Drawdown Indicators

	BYD	CAG	Difference
Max Drawdown Largest peak-to-trough decline	-94.49%	-56.95%	-37.54%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-39.13%	+27.03%
Max Drawdown (5Y) Largest decline over 5 years	-34.58%	-55.94%	+21.36%
Max Drawdown (10Y) Largest decline over 10 years	-80.01%	-55.94%	-24.07%
Current Drawdown Current decline from peak	-8.01%	-54.32%	+46.31%
Average Drawdown Average peak-to-trough decline	-50.29%	-15.56%	-34.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	26.04%	-20.89%

Volatility

BYD vs. CAG - Volatility Comparison

The current volatility for Boyd Gaming Corporation (BYD) is 8.65%, while Conagra Brands, Inc. (CAG) has a volatility of 10.71%. This indicates that BYD experiences smaller price fluctuations and is considered to be less risky than CAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BYD	CAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	10.71%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	19.01%	21.41%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	28.81%	27.13%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.03%	22.93%	+9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.14%	25.98%	+17.16%

Financials

BYD vs. CAG - Profitability Comparison

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

BYD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Boyd Gaming Corporation reported a gross profit of 204.95M and revenue of 1.06B. Therefore, the gross margin over that period was 19.3%.

CAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Conagra Brands, Inc. reported a gross profit of 1.34B and revenue of 5.61B. Therefore, the gross margin over that period was 23.8%.

BYD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Boyd Gaming Corporation reported an operating income of 294.78M and revenue of 1.06B, resulting in an operating margin of 27.8%.

CAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Conagra Brands, Inc. reported an operating income of -597.60M and revenue of 5.61B, resulting in an operating margin of -10.7%.

BYD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Boyd Gaming Corporation reported a net income of 140.40M and revenue of 1.06B, resulting in a net margin of 13.2%.

CAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Conagra Brands, Inc. reported a net income of -499.10M and revenue of 5.61B, resulting in a net margin of -8.9%.