CALY vs. GOLF

Last updated Apr 1, 2026

Compare and contrast key facts about Callaway Golf Company (CALY) and Acushnet Holdings Corp. (GOLF).

CALY is an actively managed fund by BlackRock. It was launched on Jul 11, 2023.

Performance

CALY vs. GOLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Callaway Golf Company (CALY) and Acushnet Holdings Corp. (GOLF). The values are adjusted to include any dividend payments, if applicable.

CALY vs. GOLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CALY Callaway Golf Company	18.94%	48.47%	-45.19%	-27.39%	-28.02%	14.29%	13.39%	38.88%	10.07%	27.51%
GOLF Acushnet Holdings Corp.	17.42%	14.09%	13.96%	51.02%	-18.69%	32.71%	27.13%	57.63%	2.09%	9.84%

Fundamentals

Market Cap CALY : $2.55B GOLF : $5.60B
EPS CALY : -$0.32 GOLF : -$573.44
PS Ratio CALY : 0.73 GOLF : 0.00
Total Revenue (TTM) CALY : $3.50B GOLF : $3.98T
Gross Profit (TTM) CALY : $2.11B GOLF : $1.91T
EBITDA (TTM) CALY : $358.00M GOLF : -$17.54B

Returns By Period

In the year-to-date period, CALY achieves a 18.94% return, which is significantly higher than GOLF's 17.42% return.

CALY

• 1D: 4.68%
• 1M: -1.28%
• YTD: 18.94%
• 6M: 46.11%
• 1Y: 110.62%
• 3Y*: -13.73%
• 5Y*: -12.56%
• 10Y*: 4.42%

GOLF

• 1D: 2.57%
• 1M: -8.41%
• YTD: 17.42%
• 6M: 19.75%
• 1Y: 38.21%
• 3Y*: 24.17%
• 5Y*: 19.01%
• 10Y*: —

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

Return for Risk

CALY vs. GOLF — Risk / Return Rank

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

CALY

CALY Risk / Return Rank: 87
CALY Sharpe Ratio Rank: 87
CALY Sortino Ratio Rank: 82
CALY Omega Ratio Rank: 82
CALY Calmar Ratio Rank: 92
CALY Martin Ratio Rank: 92

GOLF

GOLF Risk / Return Rank: 78
GOLF Sharpe Ratio Rank: 79
GOLF Sortino Ratio Rank: 74
GOLF Omega Ratio Rank: 73
GOLF Calmar Ratio Rank: 80
GOLF Martin Ratio Rank: 82

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.

CALY vs. GOLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Callaway Golf Company (CALY) and Acushnet Holdings Corp. (GOLF). 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.

	CALY	GOLF	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.21	+0.51
Sortino ratio Return per unit of downside risk	2.23	1.76	+0.48
Omega ratio Gain probability vs. loss probability	1.30	1.23	+0.07
Calmar ratio Return relative to maximum drawdown	4.58	2.27	+2.31
Martin ratio Return relative to average drawdown	12.19	6.75	+5.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CALY vs. GOLF - Sharpe Ratio Comparison

The current CALY Sharpe Ratio is 1.72, which is higher than the GOLF Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CALY and GOLF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CALY	GOLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.21	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.60	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.68	-0.58

Correlation

The correlation between CALY and GOLF is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CALY vs. GOLF - Dividend Comparison

CALY has not paid dividends to shareholders, while GOLF's dividend yield for the trailing twelve months is around 1.29%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CALY Callaway Golf Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.19%	0.26%	0.29%	0.36%	0.42%
GOLF Acushnet Holdings Corp.	1.29%	1.49%	1.21%	1.23%	1.70%	1.24%	1.53%	1.72%	2.47%	2.28%	0.00%	0.00%

Drawdowns

CALY vs. GOLF - Drawdown Comparison

The maximum CALY drawdown since its inception was -85.06%, which is greater than GOLF's maximum drawdown of -35.46%. Use the drawdown chart below to compare losses from any high point for CALY and GOLF.

Drawdown Indicators

	CALY	GOLF	Difference
Max Drawdown Largest peak-to-trough decline	-85.06%	-35.46%	-49.60%
Max Drawdown (1Y) Largest decline over 1 year	-24.56%	-17.90%	-6.66%
Max Drawdown (5Y) Largest decline over 5 years	-85.06%	-33.37%	-51.69%
Max Drawdown (10Y) Largest decline over 10 years	-85.06%	—	—
Current Drawdown Current decline from peak	-62.78%	-9.26%	-53.52%
Average Drawdown Average peak-to-trough decline	-50.32%	-9.37%	-40.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	6.07%	+3.17%

Volatility

CALY vs. GOLF - Volatility Comparison

Callaway Golf Company (CALY) has a higher volatility of 13.88% compared to Acushnet Holdings Corp. (GOLF) at 7.98%. This indicates that CALY's price experiences larger fluctuations and is considered to be riskier than GOLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CALY	GOLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.88%	7.98%	+5.90%
Volatility (6M) Calculated over the trailing 6-month period	41.49%	17.81%	+23.68%
Volatility (1Y) Calculated over the trailing 1-year period	64.74%	31.84%	+32.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.62%	32.12%	+18.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.91%	31.32%	+17.59%

Financials

CALY vs. GOLF - Profitability Comparison

The chart below illustrates the profitability comparison between Callaway Golf Company and Acushnet Holdings Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CALY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Callaway Golf Company reported a gross profit of 136.30M and revenue of 367.50M. Therefore, the gross margin over that period was 37.1%.

GOLF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Acushnet Holdings Corp. reported a gross profit of 1.91T and revenue of 3.98T. Therefore, the gross margin over that period was 48.0%.

CALY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Callaway Golf Company reported an operating income of -54.10M and revenue of 367.50M, resulting in an operating margin of -14.7%.

GOLF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Acushnet Holdings Corp. reported an operating income of 523.30B and revenue of 3.98T, resulting in an operating margin of 13.2%.

CALY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Callaway Golf Company reported a net income of -66.00M and revenue of 367.50M, resulting in a net margin of -18.0%.

GOLF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Acushnet Holdings Corp. reported a net income of -34.90B and revenue of 3.98T, resulting in a net margin of -0.9%.