CAG vs. K

Last updated Jul 22, 2026

CAG (Conagra Brands, Inc.) and K (Kellogg Company) are both stocks. Both operate in the Packaged Foods industry within the Consumer Defensive sector. At a 0.42 correlation, their price movements are largely independent.

Performance

CAG vs. K - Performance Comparison

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

Returns By Period

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%

K

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

CAG vs. K - 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%
K Kellogg Company	0.00%	5.99%	49.75%	-7.44%	14.35%	7.44%	-6.78%	26.08%	-13.32%	-4.93%

Correlation

The correlation between CAG and K is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 17, 1984	0.42

Over the past year, the correlation between CAG and K has dropped to 0.21 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Fundamentals

Market Cap CAG : $7.11B K : $29.20B
EPS CAG : -$4.00 K : $3.65
PS Ratio CAG : 0.63 K : 2.30
PB Ratio CAG : 1.12 K : 6.95
Total Revenue (TTM) CAG : $11.28B K : $12.67B
Gross Profit (TTM) CAG : $2.70B K : $4.41B
EBITDA (TTM) CAG : -$1.63B K : $2.25B

Return for Risk

CAG vs. K — Risk / Return Rank

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

CAG

CAG Risk / Return Rank: 27
CAG Sharpe Ratio Rank: 24
CAG Sortino Ratio Rank: 22
CAG Omega Ratio Rank: 24
CAG Calmar Ratio Rank: 33
CAG Martin Ratio Rank: 30

K

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. K - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and Kellogg Company (K). 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	K	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.50	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.39	—	—
Martin ratio: Return relative to average drawdown	-0.79	—	—

Drawdowns

Drawdown Indicators

	CAG	K	Difference
Max Drawdown Largest peak-to-trough decline	-62.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-35.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-56.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-62.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.52%	—	—
Current Drawdown Current decline from peak	-55.76%	—	—
Average Drawdown Average peak-to-trough decline	-15.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.74%	—	—

Volatility

Volatility by Period

	CAG	K	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.51%	—	—

Dividends

CAG vs. K - Dividend Comparison

CAG's dividend yield for the trailing twelve months is around 9.43%, while K has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
K Kellogg Company	1.39%	2.76%	2.79%	10.56%	3.28%	3.59%	3.66%	3.27%	3.86%	3.12%	2.77%	2.74%

Financials

CAG vs. K - Profitability Comparison

The chart below illustrates the profitability comparison between Conagra Brands, Inc. and Kellogg Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Portfolio components

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%.

K - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Kellogg Company reported a gross profit of 1.08B and revenue of 3.26B. Therefore, the gross margin over that period was 33.3%.

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%.

K - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Kellogg Company reported an operating income of 452.00M and revenue of 3.26B, resulting in an operating margin of 13.9%.

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%.

K - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Kellogg Company reported a net income of 309.00M and revenue of 3.26B, resulting in a net margin of 9.5%.

Frequently Asked Questions

Can I hold both CAG and K in my portfolio?

CAG and K have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.