CALM vs. HSY
CALM (Cal-Maine Foods, Inc.) and HSY (The Hershey Company) are both stocks. Both are in the Consumer Defensive sector — CALM in Farm Products, HSY in Confectioners. Over the past 10 years, CALM returned 10.82%/yr vs 7.09%/yr for HSY. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
CALM vs. HSY - Performance Comparison
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Returns By Period
In the year-to-date period, CALM achieves a 11.79% return, which is significantly higher than HSY's -2.43% return. Over the past 10 years, CALM has outperformed HSY with an annualized return of 10.82%, while HSY has yielded a comparatively lower 7.09% annualized return.
CALM
- 1D
- 0.80%
- 1M
- 4.69%
- 6M
- 5.58%
- YTD
- 11.79%
- 1Y
- -14.37%
- 3Y*
- 31.12%
- 5Y*
- 26.60%
- 10Y*
- 10.82%
- ALL TIME*
- 16.54%
HSY
- 1D
- -1.23%
- 1M
- -3.89%
- 6M
- -8.83%
- YTD
- -2.43%
- 1Y
- -4.61%
- 3Y*
- -6.10%
- 5Y*
- 2.05%
- 10Y*
- 7.09%
- ALL TIME*
- 12.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.67M | $90.60M | $71.32M | |
| $334.98M | $334.20M | $373.33M |
CALM vs. HSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 11.79% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
HSY The Hershey Company | -2.43% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
Correlation
The correlation between CALM and HSY is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 1996 | 0.16 |
Fundamentals
CALM:
$4.12B
HSY:
$35.51B
CALM:
$6.63
HSY:
$7.31
CALM:
13.24
HSY:
23.96
CALM:
1.44
HSY:
2.93
CALM:
1.57
HSY:
7.84
CALM:
$2.91B
HSY:
$12.16B
CALM:
$672.05M
HSY:
$4.64B
CALM:
$515.05M
HSY:
$2.61B
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Return for Risk
CALM vs. HSY — Risk / Return Rank
CALM
HSY
CALM vs. HSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cal-Maine Foods, Inc. (CALM) and The Hershey Company (HSY). 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.
| CALM | HSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.00 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.12 | -0.34 |
| Martin ratioReturn relative to average drawdown | -0.66 | -0.23 | -0.43 |
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Drawdowns
CALM vs. HSY - Drawdown Comparison
The maximum CALM drawdown since its inception was -74.08%, which is greater than HSY's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for CALM and HSY.
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Drawdown Indicators
| CALM | HSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -49.15% | -24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -27.38% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -34.15% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -37.00% | -45.25% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.12% | -45.25% | +6.13% |
Current DrawdownCurrent decline from peak | -22.64% | -30.64% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -13.16% | -17.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.62% | 13.40% | +12.22% |
Volatility
CALM vs. HSY - Volatility Comparison
Cal-Maine Foods, Inc. (CALM) has a higher volatility of 13.24% compared to The Hershey Company (HSY) at 8.22%. This indicates that CALM's price experiences larger fluctuations and is considered to be riskier than HSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CALM | HSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.24% | 8.22% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 22.88% | 21.96% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.03% | 27.59% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.05% | 23.28% | +9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.34% | 23.08% | +8.26% |
Dividends
CALM vs. HSY - Dividend Comparison
CALM's dividend yield for the trailing twelve months is around 5.47%, more than HSY's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 5.47% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
HSY The Hershey Company | 3.22% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
Financials
CALM vs. HSY - Financials Comparison
This section allows you to compare key financial metrics between Cal-Maine Foods, Inc. and The Hershey Company. 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
CALM vs. HSY - Profitability Comparison
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cal-Maine Foods, Inc. reported a gross profit of 34.07M and revenue of 552.58M. Therefore, the gross margin over that period was 6.2%.
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported a gross profit of 1.26B and revenue of 2.79B. Therefore, the gross margin over that period was 45.3%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cal-Maine Foods, Inc. reported an operating income of -61.02M and revenue of 552.58M, resulting in an operating margin of -11.0%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported an operating income of 642.64M and revenue of 2.79B, resulting in an operating margin of 23.1%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cal-Maine Foods, Inc. reported a net income of -35.88M and revenue of 552.58M, resulting in a net margin of -6.5%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported a net income of 457.67M and revenue of 2.79B, resulting in a net margin of 16.4%.
Frequently Asked Questions
CALM and HSY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALM has higher volatility (13.24%) compared to HSY (8.22%). In terms of maximum drawdown, CALM dropped -74.08% vs HSY's -49.15%.
HSY currently has the higher Sharpe Ratio (-0.11 vs -0.56), 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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