ICL vs. CF
ICL (ICL Group Ltd) and CF (CF Industries Holdings, Inc.) are both stocks. Both operate in the Agricultural Inputs industry within the Basic Materials sector. Over the past 10 years, ICL returned 7.56%/yr vs 18.11%/yr for CF. At a 0.38 correlation, their price movements are largely independent.
Performance
ICL vs. CF - Performance Comparison
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Returns By Period
In the year-to-date period, ICL achieves a -10.94% return, which is significantly lower than CF's 33.35% return. Over the past 10 years, ICL has underperformed CF with an annualized return of 7.56%, while CF has yielded a comparatively higher 18.11% annualized return.
ICL
- 1D
- -1.38%
- 1M
- -21.96%
- YTD
- -10.94%
- 6M
- -1.82%
- 1Y
- -24.12%
- 3Y*
- -1.16%
- 5Y*
- -1.23%
- 10Y*
- 7.56%
CF
- 1D
- -1.38%
- 1M
- -16.05%
- YTD
- 33.35%
- 6M
- 31.99%
- 1Y
- 8.11%
- 3Y*
- 15.75%
- 5Y*
- 17.45%
- 10Y*
- 18.11%
ICL vs. CF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICL ICL Group Ltd | -10.94% | 18.12% | 2.81% | -27.23% | -14.74% | 97.88% | 7.98% | -11.61% | 52.00% | 5.43% |
CF CF Industries Holdings, Inc. | 33.35% | -7.17% | 10.08% | -4.75% | 22.29% | 87.18% | -15.76% | 12.73% | 5.13% | 40.24% |
Correlation
The correlation between ICL and CF is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2014 | 0.38 |
The correlation between ICL and CF shifts across timeframes, from 0.22 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ICL:
$6.45B
CF:
$15.79B
ICL:
$0.20
CF:
$11.08
ICL:
24.74
CF:
9.22
ICL:
18.10
CF:
0.15
ICL:
0.87
CF:
2.19
ICL:
1.07
CF:
1.91
ICL:
$7.41B
CF:
$7.41B
ICL:
$2.25B
CF:
$2.99B
ICL:
$1.35B
CF:
$2.60B
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Return for Risk
ICL vs. CF — Risk / Return Rank
ICL
CF
ICL vs. CF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICL Group Ltd (ICL) and CF Industries Holdings, Inc. (CF). 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.
| ICL | CF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.07 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.32 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.16 | 0.64 | -1.80 |
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Drawdowns
ICL vs. CF - Drawdown Comparison
The maximum ICL drawdown since its inception was -63.87%, smaller than the maximum CF drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for ICL and CF.
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Drawdown Indicators
| ICL | CF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.87% | -76.73% | +12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -33.77% | -25.45% | -8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -40.93% | -29.16% | -11.77% |
Max Drawdown (5Y)Largest decline over 5 years | -63.87% | -48.36% | -15.51% |
Max Drawdown (10Y)Largest decline over 10 years | -63.87% | -60.74% | -3.13% |
Current DrawdownCurrent decline from peak | -49.48% | -25.45% | -24.03% |
Average DrawdownAverage peak-to-trough decline | -30.41% | -24.92% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.90% | 12.72% | +8.18% |
Volatility
ICL vs. CF - Volatility Comparison
ICL Group Ltd (ICL) has a higher volatility of 10.65% compared to CF Industries Holdings, Inc. (CF) at 8.87%. This indicates that ICL's price experiences larger fluctuations and is considered to be riskier than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICL | CF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 8.87% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 27.67% | 35.55% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 41.80% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.36% | 38.13% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 40.23% | -5.53% |
Dividends
ICL vs. CF - Dividend Comparison
ICL's dividend yield for the trailing twelve months is around 2.95%, more than CF's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.96% | 2.59% | 2.34% | 2.01% | 1.76% | 1.70% | 3.10% | 2.51% | 2.76% | 2.82% | 3.81% | 2.94% |
ICL ICL Group Ltd | 2.95% | 2.29% | 3.96% | 7.34% | 16.15% | 2.58% | 1.82% | 4.45% | 6.65% | 7.23% | 4.23% | 6.73% |
Financials
ICL vs. CF - Financials Comparison
This section allows you to compare key financial metrics between ICL Group Ltd and CF Industries Holdings, 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
ICL vs. CF - Profitability Comparison
ICL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ICL Group Ltd reported a gross profit of 626.00M and revenue of 2.02B. Therefore, the gross margin over that period was 30.9%.
CF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.
ICL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ICL Group Ltd reported an operating income of 234.00M and revenue of 2.02B, resulting in an operating margin of 11.6%.
CF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.
ICL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ICL Group Ltd reported a net income of 126.00M and revenue of 2.02B, resulting in a net margin of 6.2%.
CF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.
Frequently Asked Questions
ICL and CF have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICL has higher volatility (10.65%) compared to CF (8.87%). In terms of maximum drawdown, ICL dropped -63.87% vs CF's -76.73%.
CF currently has the higher Sharpe Ratio (0.20 vs -0.62), 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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