CARR vs. NKE
CARR (Carrier Global Corporation) and NKE (NIKE, Inc.) are both stocks. CARR operates in Building Products & Equipment (Industrials), while NKE operates in Footwear & Accessories (Consumer Cyclical). Over the past 5 years, CARR returned 10.28%/yr vs -18.04%/yr for NKE. At a 0.40 correlation, their price movements are largely independent.
Performance
CARR vs. NKE - Performance Comparison
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Returns By Period
In the year-to-date period, CARR achieves a 33.35% return, which is significantly higher than NKE's -28.37% return.
CARR
- 1D
- 0.24%
- 1M
- 8.10%
- YTD
- 33.35%
- 6M
- 33.09%
- 1Y
- -0.12%
- 3Y*
- 16.03%
- 5Y*
- 10.28%
- 10Y*
- —
NKE
- 1D
- -2.24%
- 1M
- 8.24%
- YTD
- -28.37%
- 6M
- -32.37%
- 1Y
- -23.74%
- 3Y*
- -23.49%
- 5Y*
- -18.04%
- 10Y*
- -0.48%
CARR vs. NKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 33.35% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
NKE NIKE, Inc. | -28.37% | -13.83% | -29.11% | -6.01% | -29.04% | 18.70% | 77.72% |
Correlation
The correlation between CARR and NKE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.40 |
The correlation between CARR and NKE shifts across timeframes, from 0.28 (3 years) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CARR:
$58.92B
NKE:
$66.51B
CARR:
$1.55
NKE:
$1.52
CARR:
45.24
NKE:
29.55
CARR:
2.73
NKE:
1.43
CARR:
4.27
NKE:
4.72
CARR:
$21.87B
NKE:
$46.52B
CARR:
$5.43B
NKE:
$18.99B
CARR:
$3.15B
NKE:
$3.33B
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Return for Risk
CARR vs. NKE — Risk / Return Rank
CARR
NKE
CARR vs. NKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) and NIKE, Inc. (NKE). 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.
| CARR | NKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.89 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.58 | +0.53 |
| Martin ratioReturn relative to average drawdown | -0.08 | -1.09 | +1.01 |
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Drawdowns
CARR vs. NKE - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum NKE drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for CARR and NKE.
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Drawdown Indicators
| CARR | NKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -75.19% | +34.37% |
Max Drawdown (1Y)Largest decline over 1 year | -37.38% | -46.18% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -64.21% | +26.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -74.64% | +33.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.64% | — |
Current DrawdownCurrent decline from peak | -13.13% | -72.55% | +59.42% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -20.93% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.10% | 24.38% | -0.28% |
Volatility
CARR vs. NKE - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 12.13% compared to NIKE, Inc. (NKE) at 10.43%. This indicates that CARR's price experiences larger fluctuations and is considered to be riskier than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CARR | NKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.13% | 10.43% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.68% | 29.43% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.29% | 38.48% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 35.91% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.83% | 32.29% | +2.54% |
Dividends
CARR vs. NKE - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.65%, less than NKE's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.65% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NKE NIKE, Inc. | 3.63% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
Financials
CARR vs. NKE - Financials Comparison
This section allows you to compare key financial metrics between Carrier Global Corporation and NIKE, Inc.. 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
CARR vs. NKE - Profitability Comparison
CARR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a gross profit of 1.24B and revenue of 5.34B. Therefore, the gross margin over that period was 23.3%.
NKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.
CARR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported an operating income of 259.00M and revenue of 5.34B, resulting in an operating margin of 4.9%.
NKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.
CARR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a net income of 238.00M and revenue of 5.34B, resulting in a net margin of 4.5%.
NKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.
Frequently Asked Questions
CARR and NKE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARR has higher volatility (12.13%) compared to NKE (10.43%). In terms of maximum drawdown, CARR dropped -40.82% vs NKE's -75.19%.
CARR currently has the higher Sharpe Ratio (-0.05 vs -0.69), 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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