CG vs. MA

Last updated Jun 13, 2026

CG (The Carlyle Group Inc.) and MA (Mastercard Incorporated) are both stocks. Both are in the Financial Services sector — CG in Asset Management, MA in Credit Services. Over the past 10 years, CG returned 16.61%/yr vs 18.64%/yr for MA. At a 0.40 correlation, their price movements are largely independent.

Performance

CG vs. MA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Carlyle Group Inc. (CG) and Mastercard Incorporated (MA). 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 MA's -13.89% return. Over the past 10 years, CG has underperformed MA with an annualized return of 16.61%, while MA has yielded a comparatively higher 18.64% 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%

MA

• 1D: 0.71%
• 1M: -0.13%
• YTD: -13.89%
• 6M: -14.05%
• 1Y: -16.36%
• 3Y*: 10.32%
• 5Y*: 6.66%
• 10Y*: 18.64%

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

CG vs. MA - 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%
MA Mastercard Incorporated	-13.89%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%

Correlation

The correlation between CG and MA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 3, 2012	0.40

Fundamentals

Market Cap CG : $16.43B MA : $437.55B
EPS CG : $1.48 MA : $17.28
PE Ratio CG : 30.90 MA : 28.36
PEG Ratio CG : 0.19 MA : 1.65
PS Ratio CG : 4.23 MA : 13.01
PB Ratio CG : 2.23 MA : 65.09
Total Revenue (TTM) CG : $3.99B MA : $33.94B
Gross Profit (TTM) CG : $2.92B MA : $26.70B
EBITDA (TTM) CG : $1.01B MA : $21.23B

Return for Risk

CG vs. MA — 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

MA

MA Risk / Return Rank: 11
MA Sharpe Ratio Rank: 12
MA Sortino Ratio Rank: 14
MA Omega Ratio Rank: 14
MA Calmar Ratio Rank: 13
MA Martin Ratio Rank: 5

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. MA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Carlyle Group Inc. (CG) and Mastercard Incorporated (MA). 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	MA	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	-0.74	+0.69
Sortino ratio: Return per unit of downside risk	0.19	-0.91	+1.09
Omega ratio: Gain probability vs. loss probability	1.02	0.89	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.04	-0.79	+0.74
Martin ratio: Return relative to average drawdown	-0.08	-1.59	+1.51

CG vs. MA - Sharpe Ratio Comparison

The current CG Sharpe Ratio is -0.04, which is higher than the MA Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of CG and MA, 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. MA - Drawdown Comparison

The maximum CG drawdown since its inception was -62.69%, roughly equal to the maximum MA drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for CG and MA.

Drawdown Indicators

	CG	MA	Difference
Max Drawdown Largest peak-to-trough decline	-62.69%	-62.67%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-37.83%	-20.91%	-16.92%
Max Drawdown (3Y) Largest decline over 3 years	-38.53%	-20.91%	-17.62%
Max Drawdown (5Y) Largest decline over 5 years	-56.75%	-28.25%	-28.50%
Max Drawdown (10Y) Largest decline over 10 years	-56.75%	-41.00%	-15.75%
Current Drawdown Current decline from peak	-32.67%	-17.82%	-14.85%
Average Drawdown Average peak-to-trough decline	-21.75%	-9.82%	-11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.76%	10.48%	+9.28%

Volatility

CG vs. MA - Volatility Comparison

The Carlyle Group Inc. (CG) has a higher volatility of 10.06% compared to Mastercard Incorporated (MA) at 6.46%. This indicates that CG's price experiences larger fluctuations and is considered to be riskier than MA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CG	MA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.06%	6.46%	+3.60%
Volatility (6M) Calculated over the trailing 6-month period	27.69%	17.51%	+10.18%
Volatility (1Y) Calculated over the trailing 1-year period	36.18%	22.34%	+13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.78%	24.01%	+15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.38%	26.92%	+10.46%

Dividends

CG vs. MA - Dividend Comparison

CG's dividend yield for the trailing twelve months is around 3.06%, more than MA's 0.67% 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%
MA Mastercard Incorporated	0.67%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%

Financials

Frequently Asked Questions

Can I hold both CG and MA in my portfolio?

CG and MA have a correlation of 0.38, 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 MA?

CG has higher volatility (10.06%) compared to MA (6.46%). In terms of maximum drawdown, CG dropped -62.69% vs MA's -62.67%.

Which has better risk-adjusted returns?

CG currently has the higher Sharpe Ratio (-0.04 vs -0.74), 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.