CG vs. CP

Last updated Jun 13, 2026

CG (The Carlyle Group Inc.) and CP (Canadian Pacific Railway Limited) are both stocks. CG operates in Asset Management (Financial Services), while CP operates in Railroads (Industrials). Over the past 10 years, CG returned 16.61%/yr vs 14.53%/yr for CP. At a 0.38 correlation, their price movements are largely independent.

Performance

CG vs. CP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Carlyle Group Inc. (CG) and Canadian Pacific Railway Limited (CP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CG achieves a -21.53% return, which is significantly lower than CP's 22.60% return. Over the past 10 years, CG has outperformed CP with an annualized return of 16.61%, while CP has yielded a comparatively lower 14.53% annualized return.

CG

• 1D: 2.69%
• 1M: -6.25%
• YTD: -21.53%
• 6M: -20.51%
• 1Y: -1.61%
• 3Y*: 18.18%
• 5Y*: 3.96%
• 10Y*: 16.61%

CP

• 1D: 0.86%
• 1M: 5.18%
• YTD: 22.60%
• 6M: 20.36%
• 1Y: 11.97%
• 3Y*: 6.19%
• 5Y*: 3.16%
• 10Y*: 14.53%

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

CG vs. CP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CG The Carlyle Group Inc.	-21.53%	20.20%	28.05%	42.55%	-43.78%	78.46%	1.62%	116.75%	-27.28%	59.83%
CP Canadian Pacific Railway Limited	22.60%	2.60%	-7.84%	6.85%	4.71%	4.64%	37.33%	45.04%	-1.81%	29.32%

Correlation

The correlation between CG and CP is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 3, 2012	0.38

Fundamentals

Market Cap CG : $16.43B CP : $80.83B
EPS CG : $1.48 CP : $4.47
PE Ratio CG : 30.90 CP : 20.16
PEG Ratio CG : 0.19 CP : 8.47
PS Ratio CG : 4.23 CP : 5.49
PB Ratio CG : 2.23 CP : 1.70
Total Revenue (TTM) CG : $3.99B CP : $14.98B
Gross Profit (TTM) CG : $2.92B CP : $8.47B
EBITDA (TTM) CG : $1.01B CP : $8.30B

Return for Risk

CG vs. CP — Risk / Return Rank

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

CG

CG Risk / Return Rank: 39
CG Sharpe Ratio Rank: 41
CG Sortino Ratio Rank: 36
CG Omega Ratio Rank: 36
CG Calmar Ratio Rank: 41
CG Martin Ratio Rank: 41

CP

CP Risk / Return Rank: 57
CP Sharpe Ratio Rank: 61
CP Sortino Ratio Rank: 55
CP Omega Ratio Rank: 52
CP Calmar Ratio Rank: 59
CP Martin Ratio Rank: 58

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.

CG vs. CP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Carlyle Group Inc. (CG) and Canadian Pacific Railway Limited (CP). 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.

	CG	CP	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	0.53	-0.58
Sortino ratio: Return per unit of downside risk	0.19	0.94	-0.76
Omega ratio: Gain probability vs. loss probability	1.02	1.11	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.04	0.74	-0.78
Martin ratio: Return relative to average drawdown	-0.08	1.41	-1.49

CG vs. CP - Sharpe Ratio Comparison

The current CG Sharpe Ratio is -0.04, which is lower than the CP Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of CG and CP, 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

CG vs. CP - Drawdown Comparison

The maximum CG drawdown since its inception was -62.69%, smaller than the maximum CP drawdown of -69.17%. Use the drawdown chart below to compare losses from any high point for CG and CP.

Drawdown Indicators

	CG	CP	Difference
Max Drawdown Largest peak-to-trough decline	-62.69%	-69.17%	+6.48%
Max Drawdown (1Y) Largest decline over 1 year	-37.83%	-16.23%	-21.60%
Max Drawdown (3Y) Largest decline over 3 years	-38.53%	-25.88%	-12.65%
Max Drawdown (5Y) Largest decline over 5 years	-56.75%	-25.88%	-30.87%
Max Drawdown (10Y) Largest decline over 10 years	-56.75%	-33.70%	-23.05%
Current Drawdown Current decline from peak	-32.67%	-1.29%	-31.38%
Average Drawdown Average peak-to-trough decline	-21.75%	-20.29%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.76%	8.50%	+11.26%

Volatility

CG vs. CP - Volatility Comparison

The Carlyle Group Inc. (CG) has a higher volatility of 10.06% compared to Canadian Pacific Railway Limited (CP) at 5.88%. This indicates that CG's price experiences larger fluctuations and is considered to be riskier than CP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CG	CP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.06%	5.88%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	27.69%	17.25%	+10.44%
Volatility (1Y) Calculated over the trailing 1-year period	36.18%	22.48%	+13.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.78%	24.45%	+15.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.38%	25.60%	+11.78%

Dividends

CG vs. CP - Dividend Comparison

CG's dividend yield for the trailing twelve months is around 3.06%, more than CP's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CG The Carlyle Group Inc.	3.06%	2.37%	2.77%	3.38%	4.11%	1.82%	3.18%	4.24%	7.87%	5.41%	11.02%	21.70%
CP Canadian Pacific Railway Limited	0.74%	0.86%	0.76%	0.78%	0.96%	0.84%	0.76%	0.93%	1.07%	0.92%	0.98%	0.98%

Financials

Frequently Asked Questions

Can I hold both CG and CP in my portfolio?

CG and CP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CG or CP?

CG has higher volatility (10.06%) compared to CP (5.88%). In terms of maximum drawdown, CG dropped -62.69% vs CP's -69.17%.

Which has better risk-adjusted returns?

CP currently has the higher Sharpe Ratio (0.53 vs -0.04), 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.