CAG vs. EWZ
CAG (Conagra Brands, Inc.) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 10 years, CAG returned -6.18%/yr vs 7.53%/yr for EWZ. At a 0.22 correlation, their price movements are largely independent.
Performance
CAG vs. EWZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CAG achieves a -20.58% return, which is significantly lower than EWZ's 6.04% return. Over the past 10 years, CAG has underperformed EWZ with an annualized return of -6.18%, while EWZ has yielded a comparatively higher 7.53% 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%
EWZ
- 1D
- -0.94%
- 1M
- -13.88%
- YTD
- 6.04%
- 6M
- 6.47%
- 1Y
- 28.14%
- 3Y*
- 7.95%
- 5Y*
- 3.87%
- 10Y*
- 7.53%
CAG vs. EWZ - 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% |
EWZ iShares MSCI Brazil ETF | 6.04% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between CAG and EWZ is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000 | 0.22 |
The correlation between CAG and EWZ shifts across timeframes, from 0.06 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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. EWZ — Risk / Return Rank
CAG
EWZ
CAG vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and iShares MSCI Brazil ETF (EWZ). 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 | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.20 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 1.47 | -2.40 |
| Martin ratioReturn relative to average drawdown | -1.78 | 4.96 | -6.74 |
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 | EWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.29 | 1.13 | -2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | 0.14 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | 0.22 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.16 | +0.08 |
Drawdowns
CAG vs. EWZ - Drawdown Comparison
The maximum CAG drawdown since its inception was -62.52%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for CAG and EWZ.
Loading charts...
Drawdown Indicators
| CAG | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -77.25% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -39.09% | -19.27% | -19.82% |
Max Drawdown (3Y)Largest decline over 3 years | -56.85% | -31.36% | -25.49% |
Max Drawdown (5Y)Largest decline over 5 years | -62.52% | -32.24% | -30.28% |
Max Drawdown (10Y)Largest decline over 10 years | -62.52% | -56.99% | -5.53% |
Current DrawdownCurrent decline from peak | -60.82% | -26.15% | -34.67% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -35.95% | +20.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.40% | 5.68% | +14.72% |
Volatility
CAG vs. EWZ - Volatility Comparison
Conagra Brands, Inc. (CAG) has a higher volatility of 8.17% compared to iShares MSCI Brazil ETF (EWZ) at 7.32%. This indicates that CAG's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CAG | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 7.32% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 20.79% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.11% | 25.12% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 27.68% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.20% | 34.07% | -7.87% |
Dividends
CAG vs. EWZ - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 10.65%, more than EWZ's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EWZ iShares MSCI Brazil ETF | 4.89% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
Frequently Asked Questions
CAG and EWZ have a correlation of 0.06, 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 EWZ (7.32%). In terms of maximum drawdown, CAG dropped -62.52% vs EWZ's -77.25%.
EWZ currently has the higher Sharpe Ratio (1.13 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 EWZ
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