CMI vs. ROBO

Last updated Jun 13, 2026

CMI (Cummins Inc.) is a stock, while ROBO (ROBO Global Robotics & Automation Index ETF) is Robotics fund tracking the ROBO Global Robotics and Automation TR Index. Over the past 10 years, CMI returned 22.42%/yr vs 13.12%/yr for ROBO. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

CMI vs. ROBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cummins Inc. (CMI) and ROBO Global Robotics & Automation Index ETF (ROBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMI achieves a 30.06% return, which is significantly higher than ROBO's 19.75% return. Over the past 10 years, CMI has outperformed ROBO with an annualized return of 22.42%, while ROBO has yielded a comparatively lower 13.12% 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%

ROBO

• 1D: 0.69%
• 1M: -4.88%
• YTD: 19.75%
• 6M: 18.31%
• 1Y: 44.60%
• 3Y*: 12.64%
• 5Y*: 5.51%
• 10Y*: 13.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMI vs. ROBO - 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%
ROBO ROBO Global Robotics & Automation Index ETF	19.75%	23.71%	-1.28%	23.74%	-33.92%	15.34%	45.26%	29.51%	-20.92%	44.26%

Correlation

The correlation between CMI and ROBO is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013	0.57

The correlation between CMI and ROBO has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

Return for Risk

CMI vs. ROBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMI

CMI Risk / Return Rank: 95
CMI Sharpe Ratio Rank: 96
CMI Sortino Ratio Rank: 94
CMI Omega Ratio Rank: 94
CMI Calmar Ratio Rank: 96
CMI Martin Ratio Rank: 97

ROBO

ROBO Risk / Return Rank: 61
ROBO Sharpe Ratio Rank: 64
ROBO Sortino Ratio Rank: 60
ROBO Omega Ratio Rank: 59
ROBO Calmar Ratio Rank: 59
ROBO Martin Ratio Rank: 63

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.

CMI vs. ROBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and ROBO Global Robotics & Automation Index ETF (ROBO). 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	ROBO	Difference
Sharpe ratio: Return per unit of total volatility	3.17	1.82	+1.35
Sortino ratio: Return per unit of downside risk	3.63	2.45	+1.18
Omega ratio: Gain probability vs. loss probability	1.50	1.31	+0.19
Calmar ratio: Return relative to maximum drawdown	7.03	2.58	+4.44
Martin ratio: Return relative to average drawdown	24.89	9.88	+15.01

CMI vs. ROBO - Sharpe Ratio Comparison

The current CMI Sharpe Ratio is 3.17, which is higher than the ROBO Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of CMI and ROBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CMI vs. ROBO - Drawdown Comparison

The maximum CMI drawdown since its inception was -75.66%, which is greater than ROBO's maximum drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for CMI and ROBO.

Drawdown Indicators

	CMI	ROBO	Difference
Max Drawdown Largest peak-to-trough decline	-75.66%	-43.65%	-32.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.23%	-17.35%	+2.12%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	-27.92%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-43.65%	+13.17%
Max Drawdown (10Y) Largest decline over 10 years	-44.05%	-43.65%	-0.40%
Current Drawdown Current decline from peak	-7.65%	-8.12%	+0.47%
Average Drawdown Average peak-to-trough decline	-22.22%	-12.92%	-9.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	4.53%	-0.23%

Volatility

CMI vs. ROBO - Volatility Comparison

Cummins Inc. (CMI) has a higher volatility of 13.69% compared to ROBO Global Robotics & Automation Index ETF (ROBO) at 10.66%. This indicates that CMI's price experiences larger fluctuations and is considered to be riskier than ROBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMI	ROBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.69%	10.66%	+3.03%
Volatility (6M) Calculated over the trailing 6-month period	28.36%	19.92%	+8.44%
Volatility (1Y) Calculated over the trailing 1-year period	33.70%	24.56%	+9.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.19%	23.92%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.33%	23.30%	+5.03%

Dividends

CMI vs. ROBO - Dividend Comparison

CMI's dividend yield for the trailing twelve months is around 1.21%, more than ROBO's 0.35% 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%
ROBO ROBO Global Robotics & Automation Index ETF	0.35%	0.42%	0.55%	0.05%	0.00%	0.18%	0.20%	0.37%	0.37%	0.02%	0.19%	0.28%

Frequently Asked Questions

Can I hold both CMI and ROBO in my portfolio?

CMI and ROBO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMI or ROBO?

CMI has higher volatility (13.69%) compared to ROBO (10.66%). In terms of maximum drawdown, CMI dropped -75.66% vs ROBO's -43.65%.

Which has better risk-adjusted returns?

CMI currently has the higher Sharpe Ratio (3.17 vs 1.82), 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.