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 18.73%/yr vs 18.27%/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 6.48% return, which is significantly lower than CF's 35.22% return. Both investments have delivered pretty close results over the past 10 years, with CMC having a 18.73% annualized return and CF not far behind at 18.27%.
CMC
- 1D
- 1.29%
- 1M
- 1.93%
- YTD
- 6.48%
- 6M
- 4.59%
- 1Y
- 52.40%
- 3Y*
- 13.97%
- 5Y*
- 20.76%
- 10Y*
- 18.73%
CF
- 1D
- 0.65%
- 1M
- -14.87%
- YTD
- 35.22%
- 6M
- 35.06%
- 1Y
- 5.44%
- 3Y*
- 16.29%
- 5Y*
- 17.65%
- 10Y*
- 18.27%
CMC vs. CF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMC Commercial Metals Company | 6.48% | 41.52% | 0.41% | 4.99% | 35.05% | 79.83% | -5.45% | 42.81% | -23.17% | 0.33% |
CF CF Industries Holdings, Inc. | 35.22% | -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 -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
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 -0.12 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CMC:
$8.21B
CF:
$16.01B
CMC:
$4.50
CF:
$11.08
CMC:
16.30
CF:
9.35
CMC:
1.56
CF:
0.15
CMC:
0.98
CF:
2.22
CMC:
1.86
CF:
1.94
CMC:
$8.39B
CF:
$7.41B
CMC:
$1.49B
CF:
$2.99B
CMC:
$905.85M
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 | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.22 | +1.54 |
| Martin ratioReturn relative to average drawdown | 4.92 | 0.43 | +4.48 |
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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% | -24.89% | -5.07% |
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 | -11.64% | -24.40% | +12.76% |
Average DrawdownAverage peak-to-trough decline | -23.51% | -24.92% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.69% | 13.51% | -2.82% |
Volatility
CMC vs. CF - Volatility Comparison
Commercial Metals Company (CMC) has a higher volatility of 10.69% compared to CF Industries Holdings, Inc. (CF) at 8.86%. 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 | 10.69% | 8.86% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 35.53% | -10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.61% | 41.86% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.58% | 38.13% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.77% | 40.31% | -0.54% |
Dividends
CMC vs. CF - Dividend Comparison
CMC's dividend yield for the trailing twelve months is around 1.01%, less than CF's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.93% | 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 | 1.01% | 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 Jun 2026, Commercial Metals Company reported a gross profit of 387.91M and revenue of 2.13B. Therefore, the gross margin over that period was 18.2%.
CF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 Jun 2026, Commercial Metals Company reported an operating income of 154.74M and revenue of 2.13B, resulting in an operating margin of 7.3%.
CF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Commercial Metals Company reported a net income of 93.03M and revenue of 2.13B, resulting in a net margin of 4.4%.
CF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMC has higher volatility (10.69%) compared to CF (8.86%). In terms of maximum drawdown, CMC dropped -83.77% vs CF's -76.73%.
CMC currently has the higher Sharpe Ratio (1.52 vs 0.13), 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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