CAG vs. MKC
CAG (Conagra Brands, Inc.) and MKC (McCormick & Company, Incorporated) are both stocks. Both operate in the Packaged Foods industry within the Consumer Defensive sector. Over the past 10 years, CAG returned -5.11%/yr vs 2.06%/yr for MKC. At a 0.37 correlation, their price movements are largely independent.
Performance
CAG vs. MKC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CAG achieves a -10.31% return, which is significantly higher than MKC's -21.75% return. Over the past 10 years, CAG has underperformed MKC with an annualized return of -5.11%, while MKC has yielded a comparatively higher 2.06% 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%
MKC
- 1D
- 0.21%
- 1M
- 13.26%
- 6M
- -21.43%
- YTD
- -21.75%
- 1Y
- -23.61%
- 3Y*
- -13.71%
- 5Y*
- -7.10%
- 10Y*
- 2.06%
- ALL TIME*
- 10.93%
CAG vs. MKC - 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% |
MKC McCormick & Company, Incorporated | -21.75% | -8.33% | 13.97% | -15.68% | -12.65% | 2.67% | 14.70% | 23.65% | 39.01% | 11.34% |
Correlation
The correlation between CAG and MKC is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.37 |
Over the past year, CAG and MKC have become more correlated (0.59) than their long-term average of 0.37, meaning their price movements have been converging.
Fundamentals
CAG:
$7.11B
MKC:
$14.07B
CAG:
-$4.00
MKC:
$6.05
CAG:
0.63
MKC:
1.91
CAG:
1.12
MKC:
2.01
CAG:
$11.28B
MKC:
$7.39B
CAG:
$2.70B
MKC:
$2.85B
CAG:
-$1.63B
MKC:
$1.37B
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. MKC — Risk / Return Rank
CAG
MKC
CAG vs. MKC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and McCormick & Company, Incorporated (MKC). 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 | MKC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.88 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.66 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.26 | +0.47 |
Loading charts...
Drawdowns
CAG vs. MKC - Drawdown Comparison
The maximum CAG drawdown since its inception was -62.52%, which is greater than MKC's maximum drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for CAG and MKC.
Loading charts...
Drawdown Indicators
| CAG | MKC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -52.02% | -10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -35.58% | -35.93% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -56.66% | -45.65% | -11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -62.52% | -52.02% | -10.50% |
Max Drawdown (10Y)Largest decline over 10 years | -62.52% | -52.02% | -10.50% |
Current DrawdownCurrent decline from peak | -55.76% | -44.42% | -11.34% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -11.12% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.74% | 18.76% | -1.02% |
Volatility
CAG vs. MKC - Volatility Comparison
Conagra Brands, Inc. (CAG) has a higher volatility of 12.68% compared to McCormick & Company, Incorporated (MKC) at 11.85%. This indicates that CAG's price experiences larger fluctuations and is considered to be riskier than MKC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CAG | MKC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 11.85% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.14% | 25.45% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.94% | 29.68% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 24.88% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.51% | 24.44% | +2.07% |
Dividends
CAG vs. MKC - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 9.43%, more than MKC's 3.61% yield.
| 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% |
MKC McCormick & Company, Incorporated | 3.61% | 2.69% | 2.24% | 2.32% | 1.81% | 1.44% | 1.68% | 1.37% | 1.53% | 1.89% | 1.89% | 1.91% |
Financials
CAG vs. MKC - Financials Comparison
This section allows you to compare key financial metrics between Conagra Brands, Inc. and McCormick & Company, Incorporated. 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. MKC - 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%.
MKC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, McCormick & Company, Incorporated reported a gross profit of 778.20M and revenue of 1.94B. Therefore, the gross margin over that period was 40.2%.
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%.
MKC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, McCormick & Company, Incorporated reported an operating income of 276.40M and revenue of 1.94B, resulting in an operating margin of 14.3%.
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%.
MKC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, McCormick & Company, Incorporated reported a net income of 160.20M and revenue of 1.94B, resulting in a net margin of 8.3%.
Frequently Asked Questions
CAG and MKC have a correlation of 0.59, 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 MKC (11.85%). In terms of maximum drawdown, CAG dropped -62.52% vs MKC's -52.02%.
CAG currently has the higher Sharpe Ratio (-0.47 vs -0.80), 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 MKC
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