CAG vs. BF-B
CAG (Conagra Brands, Inc.) and BF-B (Brown-Forman Corporation) are both stocks. Both are in the Consumer Defensive sector — CAG in Packaged Foods, BF-B in Beverages - Wineries & Distilleries. Over the past 10 years, CAG returned -6.18%/yr vs -2.17%/yr for BF-B. At a 0.33 correlation, their price movements are largely independent.
Performance
CAG vs. BF-B - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CAG achieves a -20.58% return, which is significantly lower than BF-B's 2.39% return. Over the past 10 years, CAG has underperformed BF-B with an annualized return of -6.18%, while BF-B has yielded a comparatively higher -2.17% annualized return.
CAG
- 1D
- 1.08%
- 1M
- -6.94%
- YTD
- -20.58%
- 6M
- -19.65%
- 1Y
- -36.19%
- 3Y*
- -22.89%
- 5Y*
- -14.59%
- 10Y*
- -6.18%
BF-B
- 1D
- 1.07%
- 1M
- -4.48%
- YTD
- 2.39%
- 6M
- -11.50%
- 1Y
- -2.80%
- 3Y*
- -24.03%
- 5Y*
- -17.21%
- 10Y*
- -2.17%
CAG vs. BF-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | -20.58% | -33.32% | 1.46% | -22.82% | 17.52% | -2.55% | 8.69% | 65.50% | -41.99% | -2.55% |
BF-B Brown-Forman Corporation | 2.39% | -29.29% | -32.23% | -11.91% | -8.86% | -6.07% | 18.67% | 43.78% | -10.98% | 55.01% |
Correlation
The correlation between CAG and BF-B is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.33 |
The correlation between CAG and BF-B shifts across timeframes, from 0.33 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CAG:
-$0.09
BF-B:
$1.71
CAG:
0.56
BF-B:
3.20
CAG:
$11.18B
BF-B:
$3.91B
CAG:
$2.70B
BF-B:
$2.32B
CAG:
$792.70M
BF-B:
$1.19B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CAG vs. BF-B — Risk / Return Rank
CAG
BF-B
CAG vs. BF-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and Brown-Forman Corporation (BF-B). 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.
| CAG | BF-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.02 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.11 | -0.82 |
| Martin ratioReturn relative to average drawdown | -1.78 | -0.25 | -1.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CAG | BF-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.29 | -0.07 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | -0.58 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | -0.08 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.49 | -0.24 |
Drawdowns
CAG vs. BF-B - Drawdown Comparison
The maximum CAG drawdown since its inception was -62.52%, smaller than the maximum BF-B drawdown of -68.96%. Use the drawdown chart below to compare losses from any high point for CAG and BF-B.
Loading charts...
Drawdown Indicators
| CAG | BF-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -68.96% | +6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -39.09% | -25.48% | -13.61% |
Max Drawdown (3Y)Largest decline over 3 years | -56.85% | -65.65% | +8.80% |
Max Drawdown (5Y)Largest decline over 5 years | -62.52% | -68.31% | +5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -62.52% | -68.96% | +6.44% |
Current DrawdownCurrent decline from peak | -60.82% | -64.00% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -11.60% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.40% | 11.09% | +9.31% |
Volatility
CAG vs. BF-B - Volatility Comparison
Conagra Brands, Inc. (CAG) and Brown-Forman Corporation (BF-B) have volatilities of 8.17% and 7.86%, 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.
Loading charts...
Volatility by Period
| CAG | BF-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 7.86% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 31.44% | -9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.11% | 38.33% | -10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 29.94% | -6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.20% | 28.02% | -1.82% |
Dividends
CAG vs. BF-B - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 10.65%, more than BF-B's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 3.46% | 3.49% | 2.32% | 1.46% | 1.17% | 2.37% | 0.88% | 0.99% | 3.10% | 1.09% | 1.54% | 1.29% |
CAG Conagra Brands, Inc. | 10.65% | 8.09% | 5.05% | 4.75% | 3.32% | 3.44% | 2.52% | 2.48% | 3.98% | 2.19% | 29.36% | 2.37% |
Financials
CAG vs. BF-B - Financials Comparison
This section allows you to compare key financial metrics between Conagra Brands, Inc. and Brown-Forman Corporation. 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
CAG vs. BF-B - Profitability Comparison
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%.
BF-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown-Forman Corporation reported a gross profit of 640.00M and revenue of 1.06B. Therefore, the gross margin over that period was 60.6%.
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%.
BF-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown-Forman Corporation reported an operating income of 343.00M and revenue of 1.06B, resulting in an operating margin of 32.5%.
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%.
BF-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown-Forman Corporation reported a net income of 267.00M and revenue of 1.06B, resulting in a net margin of 25.3%.
Frequently Asked Questions
CAG and BF-B have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAG has higher volatility (8.17%) compared to BF-B (7.86%). In terms of maximum drawdown, CAG dropped -62.52% vs BF-B's -68.96%.
BF-B currently has the higher Sharpe Ratio (-0.07 vs -1.29), 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.
Find the right allocation for CAG and BF-B
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer