CNM vs. MOD
CNM (Core & Main, Inc.) and MOD (Modine Manufacturing Company) are both stocks. CNM operates in Industrial Distribution (Industrials), while MOD operates in Auto Parts (Consumer Cyclical). Over the past 3 years, CNM returned 17.48%/yr vs 110.74%/yr for MOD. At a 0.44 correlation, their price movements are largely independent.
Performance
CNM vs. MOD - Performance Comparison
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Returns By Period
In the year-to-date period, CNM achieves a -9.08% return, which is significantly lower than MOD's 121.39% return.
CNM
- 1D
- -2.74%
- 1M
- -0.04%
- YTD
- -9.08%
- 6M
- -12.98%
- 1Y
- -17.19%
- 3Y*
- 17.48%
- 5Y*
- —
- 10Y*
- —
MOD
- 1D
- -0.60%
- 1M
- 13.46%
- YTD
- 121.39%
- 6M
- 115.70%
- 1Y
- 205.60%
- 3Y*
- 110.74%
- 5Y*
- 78.70%
- 10Y*
- 41.70%
CNM vs. MOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNM Core & Main, Inc. | -9.08% | 2.08% | 25.98% | 109.27% | -36.35% | 51.70% |
MOD Modine Manufacturing Company | 121.39% | 15.16% | 94.19% | 200.60% | 96.83% | -39.03% |
Correlation
The correlation between CNM and MOD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021 | 0.44 |
Fundamentals
CNM:
$3.02
MOD:
$4.66
CNM:
15.63
MOD:
63.42
CNM:
0.26
MOD:
4.09
CNM:
0.92
MOD:
4.98
CNM:
$7.65B
MOD:
$3.18B
CNM:
$2.07B
MOD:
$731.10M
CNM:
$909.00M
MOD:
$276.90M
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Return for Risk
CNM vs. MOD — Risk / Return Rank
CNM
MOD
CNM vs. MOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core & Main, Inc. (CNM) and Modine Manufacturing Company (MOD). 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.
| CNM | MOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.43 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 7.51 | -8.02 |
| Martin ratioReturn relative to average drawdown | -0.83 | 21.36 | -22.18 |
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Drawdowns
CNM vs. MOD - Drawdown Comparison
The maximum CNM drawdown since its inception was -40.00%, smaller than the maximum MOD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for CNM and MOD.
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Drawdown Indicators
| CNM | MOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -97.53% | +57.53% |
Max Drawdown (1Y)Largest decline over 1 year | -33.88% | -27.55% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -38.74% | -51.61% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.13% | — |
Current DrawdownCurrent decline from peak | -29.46% | -3.69% | -25.77% |
Average DrawdownAverage peak-to-trough decline | -17.22% | -37.64% | +20.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 9.67% | +11.19% |
Volatility
CNM vs. MOD - Volatility Comparison
The current volatility for Core & Main, Inc. (CNM) is 11.39%, while Modine Manufacturing Company (MOD) has a volatility of 22.35%. This indicates that CNM experiences smaller price fluctuations and is considered to be less risky than MOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNM | MOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.39% | 22.35% | -10.96% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 49.36% | -25.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.26% | 66.95% | -26.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.74% | 60.40% | -19.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.74% | 58.87% | -18.13% |
Dividends
CNM vs. MOD - Dividend Comparison
Neither CNM nor MOD has paid dividends to shareholders.
Financials
CNM vs. MOD - Financials Comparison
This section allows you to compare key financial metrics between Core & Main, Inc. and Modine Manufacturing Company. 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
CNM vs. MOD - Profitability Comparison
CNM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported a gross profit of 520.00M and revenue of 1.91B. Therefore, the gross margin over that period was 27.2%.
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
CNM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported an operating income of 177.00M and revenue of 1.91B, resulting in an operating margin of 9.3%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
CNM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported a net income of 108.00M and revenue of 1.91B, resulting in a net margin of 5.7%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
Frequently Asked Questions
CNM and MOD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOD has higher volatility (22.35%) compared to CNM (11.39%). In terms of maximum drawdown, CNM dropped -40.00% vs MOD's -97.53%.
MOD currently has the higher Sharpe Ratio (3.10 vs -0.43), 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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