CLS vs. NOW
CLS (Celestica Inc.) and NOW (ServiceNow, Inc) are both stocks. Both are in the Technology sector — CLS in Electronic Components, NOW in Software - Application. Over the past 10 years, CLS returned 43.71%/yr vs 21.48%/yr for NOW. At a 0.28 correlation, their price movements are largely independent.
Performance
CLS vs. NOW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CLS achieves a 32.99% return, which is significantly higher than NOW's -33.32% return. Over the past 10 years, CLS has outperformed NOW with an annualized return of 43.71%, while NOW has yielded a comparatively lower 21.48% annualized return.
CLS
- 1D
- 1.88%
- 1M
- 3.02%
- YTD
- 32.99%
- 6M
- 28.26%
- 1Y
- 213.67%
- 3Y*
- 207.28%
- 5Y*
- 116.26%
- 10Y*
- 43.71%
NOW
- 1D
- -0.90%
- 1M
- 12.87%
- YTD
- -33.32%
- 6M
- -40.96%
- 1Y
- -48.34%
- 3Y*
- -2.72%
- 5Y*
- 0.51%
- 10Y*
- 21.48%
CLS vs. NOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLS Celestica Inc. | 32.99% | 220.27% | 215.23% | 159.80% | 1.26% | 37.92% | -2.42% | -5.70% | -16.32% | -11.56% |
NOW ServiceNow, Inc | -33.32% | -27.75% | 50.05% | 81.96% | -40.18% | 17.93% | 94.97% | 58.56% | 36.55% | 75.40% |
Correlation
The correlation between CLS and NOW is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012 | 0.28 |
Over the past year, the correlation between CLS and NOW has dropped to 0.00 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
CLS:
$45.48B
NOW:
$106.24B
CLS:
$8.28
NOW:
$1.68
CLS:
47.45
NOW:
60.81
CLS:
0.64
NOW:
0.51
CLS:
3.30
NOW:
7.65
CLS:
21.68
NOW:
7.83
CLS:
$13.81B
NOW:
$13.96B
CLS:
$1.60B
NOW:
$10.69B
CLS:
$1.32B
NOW:
$2.80B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CLS vs. NOW — Risk / Return Rank
CLS
NOW
CLS vs. NOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS) and ServiceNow, Inc (NOW). 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.
| CLS | NOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.77 | ||
| Sortino ratioReturn per unit of downside risk | +4.25 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.82 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | -0.82 | +7.73 |
| Martin ratioReturn relative to average drawdown | 16.83 | -1.45 | +18.28 |
Loading charts...
Drawdowns
CLS vs. NOW - Drawdown Comparison
The maximum CLS drawdown since its inception was -96.93%, which is greater than NOW's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for CLS and NOW.
Loading charts...
Drawdown Indicators
| CLS | NOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.93% | -64.54% | -32.39% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -60.28% | +31.04% |
Max Drawdown (3Y)Largest decline over 3 years | -53.96% | -64.54% | +10.58% |
Max Drawdown (5Y)Largest decline over 5 years | -53.96% | -64.54% | +10.58% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | -64.54% | -16.06% |
Current DrawdownCurrent decline from peak | -16.78% | -56.36% | +39.58% |
Average DrawdownAverage peak-to-trough decline | -73.31% | -13.78% | -59.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.98% | 34.02% | -22.04% |
Volatility
CLS vs. NOW - Volatility Comparison
Celestica Inc. (CLS) has a higher volatility of 27.54% compared to ServiceNow, Inc (NOW) at 25.56%. This indicates that CLS's price experiences larger fluctuations and is considered to be riskier than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CLS | NOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.54% | 25.56% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 55.42% | 47.01% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 50.12% | +22.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.70% | 43.44% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.97% | 40.86% | +9.11% |
Dividends
CLS vs. NOW - Dividend Comparison
Neither CLS nor NOW has paid dividends to shareholders.
Financials
CLS vs. NOW - Financials Comparison
This section allows you to compare key financial metrics between Celestica Inc. and ServiceNow, 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
CLS vs. NOW - Profitability Comparison
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
NOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
NOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
NOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.
Frequently Asked Questions
CLS and NOW have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (27.54%) compared to NOW (25.56%). In terms of maximum drawdown, CLS dropped -96.93% vs NOW's -64.54%.
CLS currently has the higher Sharpe Ratio (2.78 vs -0.99), 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.
Find the right allocation for CLS and NOW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer