BYD vs. CAG
BYD (Boyd Gaming Corporation) and CAG (Conagra Brands, Inc.) are both stocks. BYD operates in Resorts & Casinos (Consumer Cyclical), while CAG operates in Packaged Foods (Consumer Defensive). Over the past 10 years, BYD returned 17.64%/yr vs -6.40%/yr for CAG. At a 0.17 correlation, their price movements are largely independent.
Performance
BYD vs. CAG - Performance Comparison
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Returns By Period
In the year-to-date period, BYD achieves a 1.78% return, which is significantly higher than CAG's -22.39% return. Over the past 10 years, BYD has outperformed CAG with an annualized return of 17.64%, while CAG has yielded a comparatively lower -6.40% annualized return.
BYD
- 1D
- 1.97%
- 1M
- 9.13%
- YTD
- 1.78%
- 6M
- 0.07%
- 1Y
- 14.03%
- 3Y*
- 10.59%
- 5Y*
- 8.24%
- 10Y*
- 17.64%
CAG
- 1D
- -2.65%
- 1M
- -5.24%
- YTD
- -22.39%
- 6M
- -22.17%
- 1Y
- -35.03%
- 3Y*
- -23.26%
- 5Y*
- -14.02%
- 10Y*
- -6.40%
BYD vs. CAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYD Boyd Gaming Corporation | 1.78% | 18.61% | 17.13% | 15.99% | -15.74% | 52.77% | 43.35% | 45.51% | -40.25% | 74.70% |
CAG Conagra Brands, Inc. | -22.39% | -33.32% | 1.46% | -22.82% | 17.52% | -2.55% | 8.69% | 65.50% | -41.99% | -2.55% |
Correlation
The correlation between BYD and CAG is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1993 | 0.17 |
Fundamentals
BYD:
$6.63B
CAG:
$6.15B
BYD:
$23.07
CAG:
-$0.09
BYD:
1.68
CAG:
0.55
BYD:
2.62
CAG:
0.75
BYD:
$4.10B
CAG:
$11.18B
BYD:
$1.62B
CAG:
$2.70B
BYD:
$2.78B
CAG:
$792.70M
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Return for Risk
BYD vs. CAG — Risk / Return Rank
BYD
CAG
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BYD | CAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.80 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.96 | +2.08 |
| Martin ratioReturn relative to average drawdown | 2.48 | -1.86 | +4.34 |
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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 -62.52%. Use the drawdown chart below to compare losses from any high point for BYD and CAG.
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Drawdown Indicators
| BYD | CAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.49% | -62.52% | -31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -36.75% | +24.16% |
Max Drawdown (3Y)Largest decline over 3 years | -30.29% | -56.66% | +26.37% |
Max Drawdown (5Y)Largest decline over 5 years | -34.58% | -62.52% | +27.94% |
Max Drawdown (10Y)Largest decline over 10 years | -80.01% | -62.52% | -17.49% |
Current DrawdownCurrent decline from peak | -3.13% | -61.71% | +58.58% |
Average DrawdownAverage peak-to-trough decline | -50.65% | -15.79% | -34.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 18.82% | -13.14% |
Volatility
BYD vs. CAG - Volatility Comparison
Boyd Gaming Corporation (BYD) and Conagra Brands, Inc. (CAG) have volatilities of 8.25% and 8.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYD | CAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 8.12% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 20.41% | 22.31% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.20% | 28.37% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.82% | 23.41% | +8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.22% | 26.24% | +16.98% |
Dividends
BYD vs. CAG - Dividend Comparison
BYD's dividend yield for the trailing twelve months is around 0.88%, less than CAG's 10.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYD Boyd Gaming Corporation | 0.88% | 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. | 10.89% | 8.09% | 5.05% | 4.75% | 3.32% | 3.44% | 2.52% | 2.48% | 3.98% | 2.19% | 29.36% | 2.37% |
Financials
BYD vs. CAG - Financials Comparison
This section allows you to compare key financial metrics between Boyd Gaming Corporation and Conagra Brands, 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
BYD vs. CAG - Profitability Comparison
BYD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Boyd Gaming Corporation reported a gross profit of 397.11M and revenue of 997.36M. Therefore, the gross margin over that period was 39.8%.
CAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Conagra Brands, Inc. reported a gross profit of 657.70M and revenue of 2.79B. Therefore, the gross margin over that period was 23.6%.
BYD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Boyd Gaming Corporation reported an operating income of 163.99M and revenue of 997.36M, resulting in an operating margin of 16.4%.
CAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Conagra Brands, Inc. reported an operating income of 280.10M and revenue of 2.79B, resulting in an operating margin of 10.1%.
BYD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Boyd Gaming Corporation reported a net income of 105.54M and revenue of 997.36M, resulting in a net margin of 10.6%.
CAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Conagra Brands, Inc. reported a net income of 199.80M and revenue of 2.79B, resulting in a net margin of 7.2%.
Frequently Asked Questions
BYD and CAG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYD has higher volatility (8.25%) compared to CAG (8.12%). In terms of maximum drawdown, BYD dropped -94.49% vs CAG's -62.52%.
BYD currently has the higher Sharpe Ratio (0.52 vs -1.24), 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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