CNH vs. BAX
CNH (CNH Industrial NV) and BAX (Baxter International Inc.) are both stocks. CNH operates in Farm & Heavy Construction Machinery (Industrials), while BAX operates in Medical Instruments & Supplies (Healthcare). Over the past 10 years, CNH returned 5.89%/yr vs -6.73%/yr for BAX. At a 0.29 correlation, their price movements are largely independent.
Performance
CNH vs. BAX - Performance Comparison
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Returns By Period
In the year-to-date period, CNH achieves a 20.90% return, which is significantly higher than BAX's -2.88% return. Over the past 10 years, CNH has outperformed BAX with an annualized return of 5.89%, while BAX has yielded a comparatively lower -6.73% annualized return.
CNH
- 1D
- 0.82%
- 1M
- 9.07%
- YTD
- 20.90%
- 6M
- 17.33%
- 1Y
- -11.25%
- 3Y*
- -4.62%
- 5Y*
- -7.04%
- 10Y*
- 5.89%
BAX
- 1D
- -0.75%
- 1M
- 11.61%
- YTD
- -2.88%
- 6M
- -1.75%
- 1Y
- -37.86%
- 3Y*
- -21.84%
- 5Y*
- -24.25%
- 10Y*
- -6.73%
CNH vs. BAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNH CNH Industrial NV | 20.90% | -17.10% | -3.12% | -22.01% | -15.74% | 52.59% | 16.73% | 21.64% | -30.31% | 57.67% |
BAX Baxter International Inc. | -2.88% | -33.28% | -22.40% | -21.91% | -39.58% | 8.48% | -2.95% | 28.40% | 2.89% | 47.30% |
Correlation
The correlation between CNH and BAX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013 | 0.29 |
The correlation between CNH and BAX shifts across timeframes, from 0.29 (10 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CNH:
$13.73B
BAX:
$9.55B
CNH:
$0.32
BAX:
-$1.74
CNH:
0.76
BAX:
0.84
CNH:
1.75
BAX:
1.58
CNH:
$18.09B
BAX:
$11.32B
CNH:
$4.45B
BAX:
$3.41B
CNH:
$2.09B
BAX:
$399.00M
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Return for Risk
CNH vs. BAX — Risk / Return Rank
CNH
BAX
CNH vs. BAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CNH Industrial NV (CNH) and Baxter International Inc. (BAX). 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.
| CNH | BAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | -0.82 | +0.50 |
Sortino ratioReturn per unit of downside risk | -0.25 | -0.94 | +0.69 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.86 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.76 | +0.42 |
Martin ratioReturn relative to average drawdown | -0.54 | -1.11 | +0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNH | BAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | -0.82 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.72 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | -0.23 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.23 | -0.20 |
Drawdowns
CNH vs. BAX - Drawdown Comparison
The maximum CNH drawdown since its inception was -65.82%, smaller than the maximum BAX drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for CNH and BAX.
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Drawdown Indicators
| CNH | BAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.82% | -81.15% | +15.33% |
Max Drawdown (1Y)Largest decline over 1 year | -33.19% | -49.79% | +16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -37.66% | -65.90% | +28.24% |
Max Drawdown (5Y)Largest decline over 5 years | -47.76% | -80.61% | +32.85% |
Max Drawdown (10Y)Largest decline over 10 years | -65.82% | -81.15% | +15.33% |
Current DrawdownCurrent decline from peak | -36.84% | -77.87% | +41.03% |
Average DrawdownAverage peak-to-trough decline | -28.58% | -21.63% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 34.06% | -13.34% |
Volatility
CNH vs. BAX - Volatility Comparison
CNH Industrial NV (CNH) has a higher volatility of 14.06% compared to Baxter International Inc. (BAX) at 9.66%. This indicates that CNH's price experiences larger fluctuations and is considered to be riskier than BAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNH | BAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.06% | 9.66% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 31.84% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.42% | 46.13% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.77% | 33.68% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.69% | 29.23% | +7.46% |
Dividends
CNH vs. BAX - Dividend Comparison
CNH's dividend yield for the trailing twelve months is around 0.91%, less than BAX's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 1.08% | 2.72% | 3.57% | 3.00% | 2.26% | 1.26% | 1.19% | 1.02% | 1.11% | 0.94% | 1.14% | 87.05% |
CNH CNH Industrial NV | 0.91% | 2.71% | 4.15% | 3.25% | 1.88% | 0.68% | 0.00% | 1.85% | 1.87% | 1.64% | 1.50% | 2.92% |
Financials
CNH vs. BAX - Financials Comparison
This section allows you to compare key financial metrics between CNH Industrial NV and Baxter International 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
CNH vs. BAX - Profitability Comparison
CNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CNH Industrial NV reported a gross profit of 0.00 and revenue of 3.83B. Therefore, the gross margin over that period was 0.0%.
BAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported a gross profit of 891.00M and revenue of 2.70B. Therefore, the gross margin over that period was 33.0%.
CNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CNH Industrial NV reported an operating income of 0.00 and revenue of 3.83B, resulting in an operating margin of 0.0%.
BAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported an operating income of -42.00M and revenue of 2.70B, resulting in an operating margin of -1.6%.
CNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CNH Industrial NV reported a net income of 17.00M and revenue of 3.83B, resulting in a net margin of 0.4%.
BAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported a net income of 190.00M and revenue of 2.70B, resulting in a net margin of 7.0%.
Frequently Asked Questions
CNH and BAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNH has higher volatility (14.06%) compared to BAX (9.66%). In terms of maximum drawdown, CNH dropped -65.82% vs BAX's -81.15%.
CNH currently has the higher Sharpe Ratio (-0.32 vs -0.82), 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.
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