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CMG vs. SPYV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMG vs. SPYV

Last updated Jun 13, 2026

CMG (Chipotle Mexican Grill, Inc.) is a stock, while SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index. Over the past 10 years, CMG returned 15.09%/yr vs 12.08%/yr for SPYV. At a 0.40 correlation, their price movements are largely independent.

Performance

CMG vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chipotle Mexican Grill, Inc. (CMG) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CMG achieves a -12.89% return, which is significantly lower than SPYV's 8.25% return. Over the past 10 years, CMG has outperformed SPYV with an annualized return of 15.09%, while SPYV has yielded a comparatively lower 12.08% annualized return.

CMG

1D
3.14%
1M
0.44%
YTD
-12.89%
6M
-10.82%
1Y
-35.85%
3Y*
-7.94%
5Y*
3.35%
10Y*
15.09%

SPYV

1D
0.69%
1M
1.59%
YTD
8.25%
6M
8.02%
1Y
21.87%
3Y*
15.13%
5Y*
10.98%
10Y*
12.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CMG vs. SPYV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CMG
Chipotle Mexican Grill, Inc.		-12.89%-38.64%31.83%64.83%-20.64%26.07%65.65%93.87%49.39%-23.40%
SPYV
SPDR Portfolio S&P 500 Value ETF		8.25%13.18%12.24%22.20%-5.28%24.91%1.38%31.70%-9.01%15.40%

Correlation

The correlation between CMG and SPYV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2006

0.40

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Chipotle Mexican Grill, Inc.

SPDR Portfolio S&P 500 Value ETF

Often compared with CMG:
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Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SCHDSPYV vs. BRK-BSPYV vs. SPHQSPYV vs. SPYD

Return for Risk

CMG vs. SPYV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CMG
CMG Risk / Return Rank: 1212
Overall Rank
CMG Sharpe Ratio Rank: 66
Sharpe Ratio Rank
CMG Sortino Ratio Rank: 1010
Sortino Ratio Rank
CMG Omega Ratio Rank: 88
Omega Ratio Rank
CMG Calmar Ratio Rank: 1616
Calmar Ratio Rank
CMG Martin Ratio Rank: 2121
Martin Ratio Rank
SPYV
SPYV Risk / Return Rank: 7575
Overall Rank
SPYV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPYV Omega Ratio Rank: 7373
Omega Ratio Rank
SPYV Calmar Ratio Rank: 7575
Calmar Ratio Rank
SPYV Martin Ratio Rank: 7777
Martin Ratio Rank
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.

CMG vs. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chipotle Mexican Grill, Inc. (CMG) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.

CMGSPYVDifference
Sharpe ratioReturn per unit of total volatility
-0.95
2.08

-3.03

Sortino ratioReturn per unit of downside risk
-1.21
2.92

-4.13

Omega ratioGain probability vs. loss probability

0.83

1.37

-0.54

Calmar ratioReturn relative to maximum drawdown

-0.71

3.33

-4.05

Martin ratioReturn relative to average drawdown

-1.04

12.73

-13.76

CMG vs. SPYV - Sharpe Ratio Comparison

The current CMG Sharpe Ratio is -0.95, which is lower than the SPYV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of CMG and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CMG vs. SPYV - Drawdown Comparison

The maximum CMG drawdown since its inception was -74.61%, which is greater than SPYV's maximum drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for CMG and SPYV.

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Drawdown Indicators

CMGSPYVDifference

Max Drawdown

Largest peak-to-trough decline

-74.61%

-58.45%

-16.16%

Max Drawdown (1Y)

Largest decline over 1 year

-51.61%

-6.22%

-45.39%

Max Drawdown (3Y)

Largest decline over 3 years

-58.89%

-17.54%

-41.35%

Max Drawdown (5Y)

Largest decline over 5 years

-58.89%

-17.89%

-41.00%

Max Drawdown (10Y)

Largest decline over 10 years

-58.89%

-36.89%

-22.00%

Current Drawdown

Current decline from peak

-52.98%

-0.18%

-52.80%

Average Drawdown

Average peak-to-trough decline

-21.37%

-8.71%

-12.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

35.40%

1.63%

+33.77%

Volatility

CMG vs. SPYV - Volatility Comparison

Chipotle Mexican Grill, Inc. (CMG) has a higher volatility of 10.80% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.70%. This indicates that CMG's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CMGSPYVDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.80%

2.70%

+8.10%

Volatility (6M)

Calculated over the trailing 6-month period

23.87%

7.26%

+16.61%

Volatility (1Y)

Calculated over the trailing 1-year period

38.63%

9.97%

+28.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.60%

14.42%

+19.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.63%

16.94%

+18.69%

Dividends

CMG vs. SPYV - Dividend Comparison

CMG has not paid dividends to shareholders, while SPYV's dividend yield for the trailing twelve months is around 1.68%.

PositionTTM20252024202320222021202020192018201720162015
CMG
Chipotle Mexican Grill, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPYV
SPDR Portfolio S&P 500 Value ETF		1.68%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%

Frequently Asked Questions

CMG and SPYV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CMG has higher volatility (10.80%) compared to SPYV (2.70%). In terms of maximum drawdown, CMG dropped -74.61% vs SPYV's -58.45%.

SPYV currently has the higher Sharpe Ratio (2.08 vs -0.95), 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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