HSY vs. CALM
HSY (The Hershey Company) and CALM (Cal-Maine Foods, Inc.) are both stocks. Both are in the Consumer Defensive sector — HSY in Confectioners, CALM in Farm Products. Over the past 10 years, HSY returned 8.29%/yr vs 9.14%/yr for CALM. At a 0.16 correlation, their price movements are largely independent.
Performance
HSY vs. CALM - Performance Comparison
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Returns By Period
In the year-to-date period, HSY achieves a -4.75% return, which is significantly lower than CALM's -3.25% return. Over the past 10 years, HSY has underperformed CALM with an annualized return of 8.29%, while CALM has yielded a comparatively higher 9.14% annualized return.
HSY
- 1D
- -1.01%
- 1M
- -12.27%
- YTD
- -4.75%
- 6M
- -7.00%
- 1Y
- 2.66%
- 3Y*
- -10.39%
- 5Y*
- 2.56%
- 10Y*
- 8.29%
CALM
- 1D
- -2.26%
- 1M
- -1.35%
- YTD
- -3.25%
- 6M
- -7.64%
- 1Y
- -21.70%
- 3Y*
- 26.10%
- 5Y*
- 21.91%
- 10Y*
- 9.14%
HSY vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | -4.75% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
CALM Cal-Maine Foods, Inc. | -3.25% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between HSY and CALM is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 1996 | 0.16 |
Fundamentals
HSY:
$34.91B
CALM:
$3.60B
HSY:
$5.38
CALM:
$14.48
HSY:
31.79
CALM:
5.25
HSY:
2.90
CALM:
1.05
HSY:
7.37
CALM:
1.33
HSY:
$11.99B
CALM:
$3.46B
HSY:
$4.17B
CALM:
$1.17B
HSY:
$2.04B
CALM:
$1.05B
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Return for Risk
HSY vs. CALM — Risk / Return Rank
HSY
CALM
HSY vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and Cal-Maine Foods, Inc. (CALM). 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.
| HSY | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.90 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.59 | +0.69 |
| Martin ratioReturn relative to average drawdown | 0.25 | -0.89 | +1.14 |
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Drawdowns
HSY vs. CALM - Drawdown Comparison
The maximum HSY drawdown since its inception was -49.15%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for HSY and CALM.
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Drawdown Indicators
| HSY | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -74.08% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -27.12% | -37.00% | +9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -42.01% | -37.00% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -37.00% | -8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -45.25% | -39.12% | -6.13% |
Current DrawdownCurrent decline from peak | -32.29% | -33.05% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -30.31% | +17.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.59% | 24.35% | -13.76% |
Volatility
HSY vs. CALM - Volatility Comparison
The Hershey Company (HSY) has a higher volatility of 9.50% compared to Cal-Maine Foods, Inc. (CALM) at 6.47%. This indicates that HSY's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSY | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.50% | 6.47% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.26% | 20.34% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.70% | 32.76% | -5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.85% | 32.64% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 31.15% | -7.66% |
Dividends
HSY vs. CALM - Dividend Comparison
HSY's dividend yield for the trailing twelve months is around 3.30%, less than CALM's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.32% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
HSY The Hershey Company | 3.30% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
Financials
HSY vs. CALM - Financials Comparison
This section allows you to compare key financial metrics between The Hershey Company and Cal-Maine Foods, 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
HSY vs. CALM - Profitability Comparison
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a gross profit of 1.22B and revenue of 3.10B. Therefore, the gross margin over that period was 39.4%.
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported an operating income of 640.69M and revenue of 3.10B, resulting in an operating margin of 20.6%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a net income of 435.11M and revenue of 3.10B, resulting in a net margin of 14.0%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
Frequently Asked Questions
HSY and CALM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSY has higher volatility (9.50%) compared to CALM (6.47%). In terms of maximum drawdown, HSY dropped -49.15% vs CALM's -74.08%.
HSY currently has the higher Sharpe Ratio (0.10 vs -0.67), 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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