HRL vs. CMI
HRL (Hormel Foods Corporation) and CMI (Cummins Inc.) are both stocks. HRL operates in Packaged Foods (Consumer Defensive), while CMI operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, HRL returned -0.94%/yr vs 23.40%/yr for CMI. At a 0.20 correlation, their price movements are largely independent.
Performance
HRL vs. CMI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HRL achieves a 7.14% return, which is significantly lower than CMI's 37.84% return. Over the past 10 years, HRL has underperformed CMI with an annualized return of -0.94%, while CMI has yielded a comparatively higher 23.40% annualized return.
HRL
- 1D
- 2.53%
- 1M
- 16.38%
- YTD
- 7.14%
- 6M
- 5.40%
- 1Y
- -15.87%
- 3Y*
- -11.73%
- 5Y*
- -9.29%
- 10Y*
- -0.94%
CMI
- 1D
- -3.57%
- 1M
- 9.30%
- YTD
- 37.84%
- 6M
- 36.07%
- 1Y
- 124.52%
- 3Y*
- 47.56%
- 5Y*
- 26.87%
- 10Y*
- 23.40%
HRL vs. CMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRL Hormel Foods Corporation | 7.14% | -21.27% | 1.21% | -27.49% | -4.67% | 6.99% | 5.38% | 7.85% | 19.68% | 6.72% |
CMI Cummins Inc. | 37.84% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | 30.50% | 38.04% | -22.06% | 32.74% |
Correlation
The correlation between HRL and CMI is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.20 |
The correlation between HRL and CMI shifts across timeframes, from 0.03 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HRL:
$13.62B
CMI:
$97.03B
HRL:
$0.85
CMI:
$19.27
HRL:
29.15
CMI:
36.27
HRL:
1.11
CMI:
2.86
HRL:
1.25
CMI:
7.86
HRL:
$12.22B
CMI:
$33.89B
HRL:
$1.92B
CMI:
$8.60B
HRL:
$868.07M
CMI:
$4.87B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HRL vs. CMI — Risk / Return Rank
HRL
CMI
HRL vs. CMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hormel Foods Corporation (HRL) and Cummins Inc. (CMI). 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.
| HRL | CMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.60 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.55 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 8.23 | -8.69 |
| Martin ratioReturn relative to average drawdown | -0.72 | 29.08 | -29.80 |
Loading charts...
Drawdowns
HRL vs. CMI - Drawdown Comparison
The maximum HRL drawdown since its inception was -58.46%, smaller than the maximum CMI drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for HRL and CMI.
Loading charts...
Drawdown Indicators
| HRL | CMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.46% | -75.66% | +17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -34.29% | -15.23% | -19.06% |
Max Drawdown (3Y)Largest decline over 3 years | -46.94% | -30.48% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -58.46% | -30.48% | -27.98% |
Max Drawdown (10Y)Largest decline over 10 years | -58.46% | -44.05% | -14.41% |
Current DrawdownCurrent decline from peak | -47.99% | -3.57% | -44.42% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -22.21% | +10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.09% | 4.30% | +17.79% |
Volatility
HRL vs. CMI - Volatility Comparison
Hormel Foods Corporation (HRL) and Cummins Inc. (CMI) have volatilities of 12.62% and 13.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HRL | CMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.62% | 13.22% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 28.59% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.66% | 34.05% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 28.27% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.33% | 28.30% | -4.97% |
Dividends
HRL vs. CMI - Dividend Comparison
HRL's dividend yield for the trailing twelve months is around 4.71%, more than CMI's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.14% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
HRL Hormel Foods Corporation | 4.71% | 4.89% | 3.60% | 3.43% | 2.28% | 2.01% | 2.00% | 1.86% | 1.76% | 1.87% | 1.67% | 1.26% |
Financials
HRL vs. CMI - Financials Comparison
This section allows you to compare key financial metrics between Hormel Foods Corporation and Cummins 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
HRL vs. CMI - Profitability Comparison
HRL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported a gross profit of 518.51M and revenue of 2.97B. Therefore, the gross margin over that period was 17.4%.
CMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a gross profit of 2.24B and revenue of 8.40B. Therefore, the gross margin over that period was 26.7%.
HRL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported an operating income of 217.11M and revenue of 2.97B, resulting in an operating margin of 7.3%.
CMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported an operating income of 949.00M and revenue of 8.40B, resulting in an operating margin of 11.3%.
HRL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported a net income of 157.50M and revenue of 2.97B, resulting in a net margin of 5.3%.
CMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a net income of 654.00M and revenue of 8.40B, resulting in a net margin of 7.8%.
Frequently Asked Questions
HRL and CMI have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMI has higher volatility (13.22%) compared to HRL (12.62%). In terms of maximum drawdown, HRL dropped -58.46% vs CMI's -75.66%.
CMI currently has the higher Sharpe Ratio (3.68 vs -0.54), 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.
Find the right allocation for HRL and CMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer