CPNG vs. CROX

Last updated Jun 4, 2026

CPNG (Coupang, Inc.) and CROX (Crocs, Inc.) are both stocks. Both are in the Consumer Cyclical sector — CPNG in Internet Retail, CROX in Footwear & Accessories. Over the past 5 years, CPNG returned -15.84%/yr vs 2.84%/yr for CROX. At a 0.29 correlation, their price movements are largely independent.

Performance

CPNG vs. CROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coupang, Inc. (CPNG) and Crocs, Inc. (CROX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPNG achieves a -30.39% return, which is significantly lower than CROX's 38.54% return.

CPNG

• 1D: -1.85%
• 1M: -18.95%
• YTD: -30.39%
• 6M: -38.18%
• 1Y: -41.81%
• 3Y*: -0.22%
• 5Y*: -15.84%
• 10Y*: —

CROX

• 1D: 1.39%
• 1M: 16.75%
• YTD: 38.54%
• 6M: 32.60%
• 1Y: 15.96%
• 3Y*: 2.49%
• 5Y*: 2.84%
• 10Y*: 27.72%

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

CPNG vs. CROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CPNG Coupang, Inc.	-30.39%	7.32%	35.76%	10.06%	-49.93%	-40.35%
CROX Crocs, Inc.	38.54%	-21.92%	17.26%	-13.85%	-15.43%	55.31%

Correlation

The correlation between CPNG and CROX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 12, 2021	0.29

The correlation between CPNG and CROX shifts across timeframes, from 0.16 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CPNG : $29.97B CROX : $6.01B
EPS CPNG : -$0.09 CROX : -$1.94
PS Ratio CPNG : 1.06 CROX : 1.57
PB Ratio CPNG : 7.63 CROX : 4.21
Total Revenue (TTM) CPNG : $28.65B CROX : $4.02B
Gross Profit (TTM) CPNG : $3.65B CROX : $2.34B
EBITDA (TTM) CPNG : $80.00M CROX : $297.04M

Return for Risk

CPNG vs. CROX — Risk / Return Rank

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

CPNG

CPNG Risk / Return Rank: 7
CPNG Sharpe Ratio Rank: 4
CPNG Sortino Ratio Rank: 6
CPNG Omega Ratio Rank: 6
CPNG Calmar Ratio Rank: 12
CPNG Martin Ratio Rank: 7

CROX

CROX Risk / Return Rank: 50
CROX Sharpe Ratio Rank: 51
CROX Sortino Ratio Rank: 48
CROX Omega Ratio Rank: 51
CROX Calmar Ratio Rank: 52
CROX Martin Ratio Rank: 50

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.

CPNG vs. CROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coupang, Inc. (CPNG) and Crocs, Inc. (CROX). 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.

	CPNG	CROX	Difference
Sharpe ratio Return per unit of total volatility	-1.04	0.31	-1.35
Sortino ratio Return per unit of downside risk	-1.47	0.77	-2.24
Omega ratio Gain probability vs. loss probability	0.81	1.12	-0.31
Calmar ratio Return relative to maximum drawdown	-0.77	0.49	-1.26
Martin ratio Return relative to average drawdown	-1.41	0.83	-2.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPNG vs. CROX - Sharpe Ratio Comparison

The current CPNG Sharpe Ratio is -1.04, which is lower than the CROX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of CPNG and CROX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPNG	CROX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.04	0.31	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.05	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	0.17	-0.53

Drawdowns

CPNG vs. CROX - Drawdown Comparison

The maximum CPNG drawdown since its inception was -81.47%, smaller than the maximum CROX drawdown of -98.74%. Use the drawdown chart below to compare losses from any high point for CPNG and CROX.

Drawdown Indicators

	CPNG	CROX	Difference
Max Drawdown Largest peak-to-trough decline	-81.47%	-98.74%	+17.27%
Max Drawdown (1Y) Largest decline over 1 year	-54.49%	-32.54%	-21.95%
Max Drawdown (3Y) Largest decline over 3 years	-54.49%	-54.04%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-79.01%	-73.86%	-5.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.18%	—
Current Drawdown Current decline from peak	-67.45%	-34.39%	-33.06%
Average Drawdown Average peak-to-trough decline	-54.90%	-61.29%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.59%	19.17%	+10.42%

Volatility

CPNG vs. CROX - Volatility Comparison

Coupang, Inc. (CPNG) has a higher volatility of 19.70% compared to Crocs, Inc. (CROX) at 11.01%. This indicates that CPNG's price experiences larger fluctuations and is considered to be riskier than CROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPNG	CROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.70%	11.01%	+8.69%
Volatility (6M) Calculated over the trailing 6-month period	35.67%	32.06%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	40.31%	52.44%	-12.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.91%	55.11%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.41%	55.95%	-3.54%

Dividends

CPNG vs. CROX - Dividend Comparison

Neither CPNG nor CROX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CPNG and CROX in my portfolio?

CPNG and CROX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPNG or CROX?

CPNG has higher volatility (19.70%) compared to CROX (11.01%). In terms of maximum drawdown, CPNG dropped -81.47% vs CROX's -98.74%.

Which has better risk-adjusted returns?

CROX currently has the higher Sharpe Ratio (0.31 vs -1.04), 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.