CAG vs. NEXT
CAG (Conagra Brands, Inc.) and NEXT (NextDecade Corporation) are both stocks. CAG operates in Packaged Foods (Consumer Defensive), while NEXT operates in Oil & Gas E&P (Energy). Over the past 10 years, CAG returned -6.18%/yr vs -1.63%/yr for NEXT. At a 0.04 correlation, their price movements are largely independent.
Performance
CAG vs. NEXT - Performance Comparison
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Returns By Period
In the year-to-date period, CAG achieves a -20.58% return, which is significantly lower than NEXT's 60.53% return. Over the past 10 years, CAG has underperformed NEXT with an annualized return of -6.18%, while NEXT has yielded a comparatively higher -1.63% 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%
NEXT
- 1D
- -0.82%
- 1M
- 11.90%
- YTD
- 60.53%
- 6M
- 31.78%
- 1Y
- 1.81%
- 3Y*
- 11.28%
- 5Y*
- 14.12%
- 10Y*
- -1.63%
CAG vs. NEXT - 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% |
NEXT NextDecade Corporation | 60.53% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
Correlation
The correlation between CAG and NEXT is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.04 |
Fundamentals
CAG:
$6.30B
NEXT:
$2.24B
CAG:
-$0.09
NEXT:
-$1.35
CAG:
$11.18B
NEXT:
$0.00
CAG:
$2.70B
NEXT:
-$15.67M
CAG:
$792.70M
NEXT:
-$271.66M
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Return for Risk
CAG vs. NEXT — Risk / Return Rank
CAG
NEXT
CAG vs. NEXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and NextDecade Corporation (NEXT). 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 | NEXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.06 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 0.03 | -0.96 |
| Martin ratioReturn relative to average drawdown | -1.78 | 0.04 | -1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAG | NEXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.29 | 0.03 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | 0.19 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.24 | -0.02 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.02 | +0.26 |
Drawdowns
CAG vs. NEXT - Drawdown Comparison
The maximum CAG drawdown since its inception was -62.52%, smaller than the maximum NEXT drawdown of -88.79%. Use the drawdown chart below to compare losses from any high point for CAG and NEXT.
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Drawdown Indicators
| CAG | NEXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -88.79% | +26.27% |
Max Drawdown (1Y)Largest decline over 1 year | -39.09% | -60.00% | +20.91% |
Max Drawdown (3Y)Largest decline over 3 years | -56.85% | -60.00% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -62.52% | -60.00% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -62.52% | -88.79% | +26.27% |
Current DrawdownCurrent decline from peak | -60.82% | -29.50% | -31.32% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -39.04% | +23.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.40% | 40.88% | -20.48% |
Volatility
CAG vs. NEXT - Volatility Comparison
The current volatility for Conagra Brands, Inc. (CAG) is 8.17%, while NextDecade Corporation (NEXT) has a volatility of 14.18%. This indicates that CAG experiences smaller price fluctuations and is considered to be less risky than NEXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAG | NEXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 14.18% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 46.34% | -24.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.11% | 63.74% | -35.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 76.46% | -53.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.20% | 87.06% | -60.86% |
Dividends
CAG vs. NEXT - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 10.65%, while NEXT has not paid dividends to shareholders.
| 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% |
NEXT NextDecade Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CAG vs. NEXT - Financials Comparison
This section allows you to compare key financial metrics between Conagra Brands, Inc. and NextDecade 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
Frequently Asked Questions
CAG and NEXT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXT has higher volatility (14.18%) compared to CAG (8.17%). In terms of maximum drawdown, CAG dropped -62.52% vs NEXT's -88.79%.
NEXT currently has the higher Sharpe Ratio (0.03 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.
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