CODI vs. CAT
CODI (Compass Diversified) and CAT (Caterpillar Inc.) are both stocks. Both are in the Industrials sector — CODI in Conglomerates, CAT in Farm & Heavy Construction Machinery. Over the past 10 years, CODI returned 0.86%/yr vs 30.65%/yr for CAT. At a 0.37 correlation, their price movements are largely independent.
Performance
CODI vs. CAT - Performance Comparison
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Returns By Period
In the year-to-date period, CODI achieves a 106.87% return, which is significantly higher than CAT's 63.29% return. Over the past 10 years, CODI has underperformed CAT with an annualized return of 0.86%, while CAT has yielded a comparatively higher 30.65% annualized return.
CODI
- 1D
- -1.29%
- 1M
- -3.40%
- 6M
- 87.36%
- YTD
- 106.87%
- 1Y
- 54.43%
- 3Y*
- -20.95%
- 5Y*
- -13.43%
- 10Y*
- 0.86%
CAT
- 1D
- -2.20%
- 1M
- 2.30%
- 6M
- 48.53%
- YTD
- 63.29%
- 1Y
- 131.95%
- 3Y*
- 56.22%
- 5Y*
- 36.93%
- 10Y*
- 30.65%
CODI vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODI Compass Diversified | 106.87% | -78.64% | 7.53% | 29.38% | -37.72% | 71.52% | -15.53% | 116.86% | -20.11% | 2.77% |
CAT Caterpillar Inc. | 63.29% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
Correlation
The correlation between CODI and CAT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 18, 2006 | 0.37 |
The correlation between CODI and CAT shifts across timeframes, from 0.18 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CODI:
$747.09M
CAT:
$429.07B
CODI:
-$3.02
CAT:
$20.10
CODI:
0.40
CAT:
6.17
CODI:
1.86
CAT:
23.25
CODI:
$1.85B
CAT:
$70.76B
CODI:
$714.56M
CAT:
$23.01B
CODI:
-$10.06M
CAT:
$15.31B
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Return for Risk
CODI vs. CAT — Risk / Return Rank
CODI
CAT
CODI vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Compass Diversified (CODI) and Caterpillar Inc. (CAT). 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.
| CODI | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.52 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 9.56 | -8.37 |
| Martin ratioReturn relative to average drawdown | 2.60 | 28.50 | -25.90 |
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Drawdowns
CODI vs. CAT - Drawdown Comparison
The maximum CODI drawdown since its inception was -83.30%, which is greater than CAT's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for CODI and CAT.
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Drawdown Indicators
| CODI | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.30% | -73.43% | -9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -45.93% | -13.88% | -32.05% |
Max Drawdown (3Y)Largest decline over 3 years | -80.32% | -34.05% | -46.27% |
Max Drawdown (5Y)Largest decline over 5 years | -83.30% | -34.05% | -49.25% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | -43.36% | -39.94% |
Current DrawdownCurrent decline from peak | -64.34% | -12.53% | -51.81% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -19.71% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.99% | 4.65% | +16.34% |
Volatility
CODI vs. CAT - Volatility Comparison
Compass Diversified (CODI) has a higher volatility of 18.27% compared to Caterpillar Inc. (CAT) at 15.84%. This indicates that CODI's price experiences larger fluctuations and is considered to be riskier than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CODI | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.27% | 15.84% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 45.24% | 30.27% | +14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.34% | 37.83% | +32.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.13% | 31.36% | +20.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.56% | 31.19% | +11.37% |
Dividends
CODI vs. CAT - Dividend Comparison
CODI has not paid dividends to shareholders, while CAT's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.65% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
CODI Compass Diversified | 0.00% | 10.42% | 4.33% | 4.45% | 5.49% | 7.59% | 7.40% | 5.79% | 11.57% | 8.50% | 8.04% | 9.06% |
Financials
CODI vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between Compass Diversified and Caterpillar 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
CODI vs. CAT - Profitability Comparison
CODI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Compass Diversified reported a gross profit of 189.36M and revenue of 426.86M. Therefore, the gross margin over that period was 44.4%.
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.
CODI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Compass Diversified reported an operating income of -1.93M and revenue of 426.86M, resulting in an operating margin of -0.5%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
CODI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Compass Diversified reported a net income of -30.76M and revenue of 426.86M, resulting in a net margin of -7.2%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
Frequently Asked Questions
CODI and CAT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODI has higher volatility (18.27%) compared to CAT (15.84%). In terms of maximum drawdown, CODI dropped -83.30% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (3.52 vs 0.78), 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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