CMI vs. JCI
CMI (Cummins Inc.) and JCI (Johnson Controls International plc) are both stocks. Both are in the Industrials sector — CMI in Specialty Industrial Machinery, JCI in Engineering & Construction. Over the past 10 years, CMI returned 22.42%/yr vs 14.94%/yr for JCI. At a 0.39 correlation, their price movements are largely independent.
Performance
CMI vs. JCI - Performance Comparison
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Returns By Period
In the year-to-date period, CMI achieves a 30.06% return, which is significantly higher than JCI's 21.43% return. Over the past 10 years, CMI has outperformed JCI with an annualized return of 22.42%, while JCI has yielded a comparatively lower 14.94% annualized return.
CMI
- 1D
- 0.59%
- 1M
- -6.75%
- YTD
- 30.06%
- 6M
- 30.16%
- 1Y
- 106.36%
- 3Y*
- 43.37%
- 5Y*
- 24.29%
- 10Y*
- 22.42%
JCI
- 1D
- 0.66%
- 1M
- 0.81%
- YTD
- 21.43%
- 6M
- 27.13%
- 1Y
- 41.86%
- 3Y*
- 33.39%
- 5Y*
- 19.07%
- 10Y*
- 14.94%
CMI vs. JCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 30.06% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | 30.50% | 38.04% | -22.06% | 32.74% |
JCI Johnson Controls International plc | 21.43% | 54.03% | 39.80% | -7.63% | -19.29% | 77.42% | 17.70% | 40.91% | -19.85% | -5.11% |
Correlation
The correlation between CMI and JCI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1985 | 0.39 |
The correlation between CMI and JCI shifts across timeframes, from 0.39 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CMI:
$19.27
JCI:
$4.91
CMI:
34.23
JCI:
29.52
CMI:
0.38
JCI:
7.49
CMI:
2.70
JCI:
5.58
CMI:
$33.89B
JCI:
$12.49B
CMI:
$8.60B
JCI:
$8.93B
CMI:
$4.87B
JCI:
$3.12B
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Return for Risk
CMI vs. JCI — Risk / Return Rank
CMI
JCI
CMI vs. JCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Johnson Controls International plc (JCI). 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.
| CMI | JCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 7.03 | 3.31 | +3.72 |
| Martin ratioReturn relative to average drawdown | 24.89 | 9.11 | +15.78 |
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Drawdowns
CMI vs. JCI - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, smaller than the maximum JCI drawdown of -86.83%. Use the drawdown chart below to compare losses from any high point for CMI and JCI.
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Drawdown Indicators
| CMI | JCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -86.83% | +11.17% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -12.71% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -30.85% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -42.32% | +11.84% |
Max Drawdown (10Y)Largest decline over 10 years | -44.05% | -47.14% | +3.09% |
Current DrawdownCurrent decline from peak | -7.65% | -1.89% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -21.70% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 4.61% | -0.31% |
Volatility
CMI vs. JCI - Volatility Comparison
Cummins Inc. (CMI) has a higher volatility of 13.69% compared to Johnson Controls International plc (JCI) at 12.33%. This indicates that CMI's price experiences larger fluctuations and is considered to be riskier than JCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMI | JCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.69% | 12.33% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 28.36% | 22.64% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.70% | 28.11% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.19% | 28.46% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.33% | 28.06% | +0.27% |
Dividends
CMI vs. JCI - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.21%, more than JCI's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.21% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
JCI Johnson Controls International plc | 1.08% | 1.29% | 1.88% | 2.55% | 2.19% | 1.41% | 2.23% | 2.55% | 3.51% | 2.65% | 4.23% | 5.85% |
Financials
CMI vs. JCI - Financials Comparison
This section allows you to compare key financial metrics between Cummins Inc. and Johnson Controls International plc. 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
CMI vs. JCI - Profitability Comparison
CMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a gross profit of 2.24B and revenue of 8.40B. Therefore, the gross margin over that period was 26.7%.
JCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson Controls International plc reported a gross profit of 2.26B and revenue of -5.80B. Therefore, the gross margin over that period was -39.0%.
CMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported an operating income of 949.00M and revenue of 8.40B, resulting in an operating margin of 11.3%.
JCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson Controls International plc reported an operating income of 612.00M and revenue of -5.80B, resulting in an operating margin of -10.6%.
CMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a net income of 654.00M and revenue of 8.40B, resulting in a net margin of 7.8%.
JCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson Controls International plc reported a net income of -556.00M and revenue of -5.80B, resulting in a net margin of 9.6%.
Frequently Asked Questions
CMI and JCI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMI has higher volatility (13.69%) compared to JCI (12.33%). In terms of maximum drawdown, CMI dropped -75.66% vs JCI's -86.83%.
CMI currently has the higher Sharpe Ratio (3.17 vs 1.50), 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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