CAT vs. FN

Last updated Jun 20, 2026

CAT (Caterpillar Inc.) and FN (Fabrinet) are both stocks. CAT operates in Farm & Heavy Construction Machinery (Industrials), while FN operates in Electronic Components (Technology). Over the past 10 years, CAT returned 32.10%/yr vs 31.23%/yr for FN. At a 0.39 correlation, their price movements are largely independent.

Performance

CAT vs. FN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caterpillar Inc. (CAT) and Fabrinet (FN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAT achieves a 72.82% return, which is significantly higher than FN's 26.02% return. Both investments have delivered pretty close results over the past 10 years, with CAT having a 32.10% annualized return and FN not far behind at 31.23%.

CAT

• 1D: 3.13%
• 1M: 12.04%
• YTD: 72.82%
• 6M: 71.81%
• 1Y: 176.40%
• 3Y*: 61.41%
• 5Y*: 38.86%
• 10Y*: 32.10%

FN

• 1D: -1.82%
• 1M: -18.48%
• YTD: 26.02%
• 6M: 20.67%
• 1Y: 115.55%
• 3Y*: 64.45%
• 5Y*: 44.47%
• 10Y*: 31.23%

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

CAT vs. FN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAT Caterpillar Inc.	72.82%	60.30%	24.66%	25.95%	18.60%	15.95%	26.97%	19.51%	-17.56%	75.03%
FN Fabrinet	26.02%	107.06%	15.53%	48.44%	8.23%	52.69%	19.66%	26.37%	78.78%	-28.78%

Correlation

The correlation between CAT and FN is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 25, 2010	0.39

Fundamentals

Market Cap CAT : $459.19B FN : $20.78B
EPS CAT : $20.07 FN : $11.65
PE Ratio CAT : 49.12 FN : 49.26
PEG Ratio CAT : 3.25 FN : 2.11
PS Ratio CAT : 6.54 FN : 4.90
PB Ratio CAT : 24.61 FN : 9.02
Total Revenue (TTM) CAT : $70.76B FN : $4.24B
Gross Profit (TTM) CAT : $23.01B FN : $509.75M
EBITDA (TTM) CAT : $15.31B FN : $422.55M

Return for Risk

CAT vs. FN — Risk / Return Rank

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

CAT

CAT Risk / Return Rank: 98
CAT Sharpe Ratio Rank: 99
CAT Sortino Ratio Rank: 98
CAT Omega Ratio Rank: 98
CAT Calmar Ratio Rank: 98
CAT Martin Ratio Rank: 99

FN

FN Risk / Return Rank: 86
FN Sharpe Ratio Rank: 86
FN Sortino Ratio Rank: 79
FN Omega Ratio Rank: 79
FN Calmar Ratio Rank: 92
FN Martin Ratio Rank: 91

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.

CAT vs. FN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caterpillar Inc. (CAT) and Fabrinet (FN). 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.

	CAT	FN	Difference
Sharpe ratio: Return per unit of total volatility	5.05	1.74	+3.31
Sortino ratio: Return per unit of downside risk	5.47	2.18	+3.29
Omega ratio: Gain probability vs. loss probability	1.71	1.29	+0.42
Calmar ratio: Return relative to maximum drawdown	12.83	5.04	+7.79
Martin ratio: Return relative to average drawdown	42.03	12.51	+29.52

CAT vs. FN - Sharpe Ratio Comparison

The current CAT Sharpe Ratio is 5.05, which is higher than the FN Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of CAT and FN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAT vs. FN - Drawdown Comparison

The maximum CAT drawdown since its inception was -73.43%, roughly equal to the maximum FN drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for CAT and FN.

Drawdown Indicators

	CAT	FN	Difference
Max Drawdown Largest peak-to-trough decline	-73.43%	-70.46%	-2.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-23.14%	+9.26%
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	-37.47%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-34.05%	-38.70%	+4.65%
Max Drawdown (10Y) Largest decline over 10 years	-43.36%	-51.11%	+7.75%
Current Drawdown Current decline from peak	0.00%	-23.14%	+23.14%
Average Drawdown Average peak-to-trough decline	-19.73%	-22.58%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	9.31%	-5.08%

Volatility

CAT vs. FN - Volatility Comparison

The current volatility for Caterpillar Inc. (CAT) is 12.57%, while Fabrinet (FN) has a volatility of 24.51%. This indicates that CAT experiences smaller price fluctuations and is considered to be less risky than FN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAT	FN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	24.51%	-11.94%
Volatility (6M) Calculated over the trailing 6-month period	28.09%	55.49%	-27.40%
Volatility (1Y) Calculated over the trailing 1-year period	35.27%	67.10%	-31.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.80%	53.82%	-23.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.00%	48.37%	-17.37%

Dividends

CAT vs. FN - Dividend Comparison

CAT's dividend yield for the trailing twelve months is around 0.61%, while FN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAT Caterpillar Inc.	0.61%	1.02%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%
FN Fabrinet	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

CAT vs. FN - Profitability Comparison

The chart below illustrates the profitability comparison between Caterpillar Inc. and Fabrinet over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.

FN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a gross profit of 144.34M and revenue of 1.21B. Therefore, the gross margin over that period was 11.9%.

CAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.

FN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported an operating income of 120.04M and revenue of 1.21B, resulting in an operating margin of 9.9%.

CAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.

FN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a net income of 128.18M and revenue of 1.21B, resulting in a net margin of 10.6%.

Frequently Asked Questions

Can I hold both CAT and FN in my portfolio?

CAT and FN have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAT or FN?

FN has higher volatility (24.51%) compared to CAT (12.57%). In terms of maximum drawdown, CAT dropped -73.43% vs FN's -70.46%.

Which has better risk-adjusted returns?

CAT currently has the higher Sharpe Ratio (5.05 vs 1.74), 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.