CMC vs. CF
CMC (Commercial Metals Company) and CF (CF Industries Holdings, Inc.) are both stocks. Both are in the Basic Materials sector — CMC in Steel, CF in Agricultural Inputs. Over the past 10 years, CMC returned 15.68%/yr vs 19.20%/yr for CF. At a 0.39 correlation, their price movements are largely independent.
Performance
CMC vs. CF - Performance Comparison
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Returns By Period
In the year-to-date period, CMC achieves a -7.20% return, which is significantly lower than CF's 57.82% return. Over the past 10 years, CMC has underperformed CF with an annualized return of 15.68%, while CF has yielded a comparatively higher 19.20% annualized return.
CMC
- 1D
- 1.64%
- 1M
- -17.85%
- 6M
- -11.99%
- YTD
- -7.20%
- 1Y
- 23.64%
- 3Y*
- 6.25%
- 5Y*
- 17.38%
- 10Y*
- 15.68%
CF
- 1D
- 3.42%
- 1M
- 10.45%
- 6M
- 51.09%
- YTD
- 57.82%
- 1Y
- 25.73%
- 3Y*
- 20.65%
- 5Y*
- 22.07%
- 10Y*
- 19.20%
CMC vs. CF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMC Commercial Metals Company | -7.20% | 41.52% | 0.41% | 4.99% | 35.05% | 79.83% | -5.45% | 42.81% | -23.17% | 0.33% |
CF CF Industries Holdings, Inc. | 57.82% | -7.17% | 10.08% | -4.75% | 22.29% | 87.18% | -15.76% | 12.73% | 5.13% | 40.24% |
Correlation
The correlation between CMC and CF is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2005 | 0.39 |
The correlation between CMC and CF shifts across timeframes, from -0.08 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CMC:
$7.04B
CF:
$18.58B
CMC:
$5.30
CF:
$11.18
CMC:
12.01
CF:
10.82
CMC:
1.15
CF:
0.17
CMC:
0.81
CF:
2.57
CMC:
1.57
CF:
2.26
CMC:
$8.85B
CF:
$7.41B
CMC:
$392.81M
CF:
$2.99B
CMC:
$865.35M
CF:
$2.60B
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Return for Risk
CMC vs. CF — Risk / Return Rank
CMC
CF
CMC vs. CF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commercial Metals Company (CMC) and CF Industries Holdings, Inc. (CF). 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.
| CMC | CF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.02 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.99 | 2.01 | -0.02 |
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Drawdowns
CMC vs. CF - Drawdown Comparison
The maximum CMC drawdown since its inception was -83.77%, which is greater than CF's maximum drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for CMC and CF.
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Drawdown Indicators
| CMC | CF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.77% | -76.73% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -29.96% | -25.45% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -37.63% | -29.16% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -37.63% | -48.36% | +10.73% |
Max Drawdown (10Y)Largest decline over 10 years | -53.78% | -60.74% | +6.96% |
Current DrawdownCurrent decline from peak | -22.98% | -11.76% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -23.50% | -24.91% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 13.19% | -1.29% |
Volatility
CMC vs. CF - Volatility Comparison
Commercial Metals Company (CMC) has a higher volatility of 15.08% compared to CF Industries Holdings, Inc. (CF) at 9.15%. This indicates that CMC's price experiences larger fluctuations and is considered to be riskier than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMC | CF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 9.15% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 27.43% | 35.52% | -8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.36% | 41.80% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.92% | 38.08% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.88% | 40.09% | -0.21% |
Dividends
CMC vs. CF - Dividend Comparison
CMC's dividend yield for the trailing twelve months is around 1.19%, less than CF's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.65% | 2.59% | 2.34% | 2.01% | 1.76% | 1.70% | 3.10% | 2.51% | 2.76% | 2.82% | 3.81% | 2.94% |
CMC Commercial Metals Company | 1.19% | 1.04% | 1.41% | 1.28% | 1.20% | 1.38% | 2.34% | 2.16% | 3.00% | 2.25% | 2.20% | 3.51% |
Financials
CMC vs. CF - Financials Comparison
This section allows you to compare key financial metrics between Commercial Metals Company and CF Industries Holdings, 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
CMC vs. CF - Profitability Comparison
CMC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Commercial Metals Company reported a gross profit of -795.04M and revenue of 2.48B. Therefore, the gross margin over that period was -32.0%.
CF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.
CMC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Commercial Metals Company reported an operating income of -366.25M and revenue of 2.48B, resulting in an operating margin of -14.8%.
CF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.
CMC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Commercial Metals Company reported a net income of 173.02M and revenue of 2.48B, resulting in a net margin of 7.0%.
CF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.
Frequently Asked Questions
CMC and CF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMC has higher volatility (15.08%) compared to CF (9.15%). In terms of maximum drawdown, CMC dropped -83.77% vs CF's -76.73%.
CMC currently has the higher Sharpe Ratio (0.65 vs 0.62), 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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