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 -5.11%/yr vs -2.31%/yr for BF-B. At a 0.33 correlation, their price movements are largely independent.
Performance
CAG vs. BF-B - Performance Comparison
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Returns By Period
In the year-to-date period, CAG achieves a -10.31% return, which is significantly lower than BF-B's 2.70% return. Over the past 10 years, CAG has underperformed BF-B with an annualized return of -5.11%, while BF-B has yielded a comparatively higher -2.31% annualized return.
CAG
- 1D
- 1.43%
- 1M
- 12.50%
- 6M
- -9.58%
- YTD
- -10.31%
- 1Y
- -13.95%
- 3Y*
- -18.83%
- 5Y*
- -10.91%
- 10Y*
- -5.11%
- ALL TIME*
- 6.76%
BF-B
- 1D
- -0.45%
- 1M
- -1.31%
- 6M
- -1.57%
- YTD
- 2.70%
- 1Y
- -4.11%
- 3Y*
- -25.57%
- 5Y*
- -16.26%
- 10Y*
- -2.31%
- ALL TIME*
- 12.69%
CAG vs. BF-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | -10.31% | -33.32% | 1.46% | -22.82% | 17.52% | -2.55% | 8.69% | 65.50% | -41.99% | -2.55% |
BF-B Brown-Forman Corporation | 2.70% | -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 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
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 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CAG:
$7.11B
BF-B:
$12.26B
CAG:
-$4.00
BF-B:
$1.71
CAG:
0.63
BF-B:
3.18
CAG:
$11.28B
BF-B:
$3.91B
CAG:
$2.70B
BF-B:
$2.32B
CAG:
-$1.63B
BF-B:
$1.19B
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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.
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.
| CAG | BF-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.02 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.16 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.35 | -0.44 |
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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.
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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 | -35.58% | -25.48% | -10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -56.66% | -65.65% | +8.99% |
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 | -55.76% | -63.89% | +8.13% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -11.74% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.74% | 11.86% | +5.88% |
Volatility
CAG vs. BF-B - Volatility Comparison
Conagra Brands, Inc. (CAG) has a higher volatility of 12.68% compared to Brown-Forman Corporation (BF-B) at 10.49%. This indicates that CAG's price experiences larger fluctuations and is considered to be riskier than BF-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAG | BF-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 10.49% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 24.14% | 31.54% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.94% | 38.70% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 30.26% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.51% | 28.20% | -1.69% |
Dividends
CAG vs. BF-B - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 9.43%, more than BF-B's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BF-B Brown-Forman Corporation | 3.50% | 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. | 9.43% | 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 Jul 2026, Conagra Brands, Inc. reported a gross profit of 701.70M and revenue of 2.88B. Therefore, the gross margin over that period was 24.4%.
BF-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 Jul 2026, Conagra Brands, Inc. reported an operating income of -2.63B and revenue of 2.88B, resulting in an operating margin of -91.2%.
BF-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 Jul 2026, Conagra Brands, Inc. reported a net income of -1.62B and revenue of 2.88B, resulting in a net margin of -56.1%.
BF-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAG has higher volatility (12.68%) compared to BF-B (10.49%). In terms of maximum drawdown, CAG dropped -62.52% vs BF-B's -68.96%.
BF-B currently has the higher Sharpe Ratio (-0.11 vs -0.47), 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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