CAG vs. BYND

Last updated Jun 13, 2026

CAG (Conagra Brands, Inc.) and BYND (Beyond Meat, Inc.) are both stocks. Both operate in the Packaged Foods industry within the Consumer Defensive sector. Over the past 5 years, CAG returned -13.84%/yr vs -65.98%/yr for BYND. At a 0.09 correlation, their price movements are largely independent.

Performance

CAG vs. BYND - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with CAG having a -17.02% return and BYND slightly higher at -16.91%.

CAG

• 1D: 2.16%
• 1M: 2.31%
• YTD: -17.02%
• 6M: -19.07%
• 1Y: -30.79%
• 3Y*: -21.83%
• 5Y*: -13.84%
• 10Y*: -5.70%

BYND

• 1D: -3.20%
• 1M: -15.29%
• YTD: -16.91%
• 6M: -37.50%
• 1Y: -78.44%
• 3Y*: -63.44%
• 5Y*: -65.98%
• 10Y*: —

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

CAG vs. BYND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CAG Conagra Brands, Inc.	-17.02%	-33.32%	1.46%	-22.82%	17.52%	-2.55%	8.69%	15.32%
BYND Beyond Meat, Inc.	-16.91%	-78.19%	-57.75%	-27.70%	-81.11%	-47.87%	65.34%	64.35%

Correlation

The correlation between CAG and BYND is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since May 2, 2019	0.09

Fundamentals

Market Cap CAG : $6.58B BYND : $325.51M
EPS CAG : -$0.09 BYND : $1.03
PS Ratio CAG : 0.59 BYND : 0.52
PB Ratio CAG : 0.81 BYND : 4.35
Total Revenue (TTM) CAG : $11.18B BYND : $275.50M
Gross Profit (TTM) CAG : $2.70B BYND : $7.65M
EBITDA (TTM) CAG : $792.70M BYND : -$290.85M

Return for Risk

CAG vs. BYND — Risk / Return Rank

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

CAG

CAG Risk / Return Rank: 5
CAG Sharpe Ratio Rank: 3
CAG Sortino Ratio Rank: 4
CAG Omega Ratio Rank: 7
CAG Calmar Ratio Rank: 7
CAG Martin Ratio Rank: 2

BYND

BYND Risk / Return Rank: 27
BYND Sharpe Ratio Rank: 28
BYND Sortino Ratio Rank: 42
BYND Omega Ratio Rank: 41
BYND Calmar Ratio Rank: 7
BYND Martin Ratio Rank: 16

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.

CAG vs. BYND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and Beyond Meat, Inc. (BYND). 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	BYND	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	-0.33	-0.84
Sortino ratio: Return per unit of downside risk	-1.69	0.42	-2.11
Omega ratio: Gain probability vs. loss probability	0.81	1.05	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.90	-0.90	0.00
Martin ratio: Return relative to average drawdown	-1.81	-1.19	-0.62

CAG vs. BYND - Sharpe Ratio Comparison

The current CAG Sharpe Ratio is -1.17, which is lower than the BYND Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of CAG and BYND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAG vs. BYND - Drawdown Comparison

The maximum CAG drawdown since its inception was -62.52%, smaller than the maximum BYND drawdown of -99.78%. Use the drawdown chart below to compare losses from any high point for CAG and BYND.

Drawdown Indicators

	CAG	BYND	Difference
Max Drawdown Largest peak-to-trough decline	-62.52%	-99.78%	+37.26%
Max Drawdown (1Y) Largest decline over 1 year	-36.75%	-87.85%	+51.10%
Max Drawdown (3Y) Largest decline over 3 years	-56.66%	-97.06%	+40.40%
Max Drawdown (5Y) Largest decline over 5 years	-62.52%	-99.67%	+37.15%
Max Drawdown (10Y) Largest decline over 10 years	-62.52%	—	—
Current Drawdown Current decline from peak	-59.06%	-99.71%	+40.65%
Average Drawdown Average peak-to-trough decline	-15.76%	-75.62%	+59.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.37%	66.55%	-46.18%

Volatility

CAG vs. BYND - Volatility Comparison

The current volatility for Conagra Brands, Inc. (CAG) is 8.53%, while Beyond Meat, Inc. (BYND) has a volatility of 20.19%. This indicates that CAG experiences smaller price fluctuations and is considered to be less risky than BYND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAG	BYND	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	20.19%	-11.66%
Volatility (6M) Calculated over the trailing 6-month period	22.11%	75.70%	-53.59%
Volatility (1Y) Calculated over the trailing 1-year period	28.21%	236.92%	-208.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	126.82%	-103.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.20%	117.26%	-91.06%

Dividends

CAG vs. BYND - Dividend Comparison

CAG's dividend yield for the trailing twelve months is around 10.19%, while BYND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BYND Beyond Meat, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CAG Conagra Brands, Inc.	10.19%	8.09%	5.05%	4.75%	3.32%	3.44%	2.52%	2.48%	3.98%	2.19%	29.36%	2.37%

Financials

Frequently Asked Questions

Can I hold both CAG and BYND in my portfolio?

CAG and BYND have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAG or BYND?

BYND has higher volatility (20.19%) compared to CAG (8.53%). In terms of maximum drawdown, CAG dropped -62.52% vs BYND's -99.78%.

Which has better risk-adjusted returns?

BYND currently has the higher Sharpe Ratio (-0.33 vs -1.17), 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.