MRNA vs. MKC

Last updated Jun 13, 2026

MRNA (Moderna, Inc.) and MKC (McCormick & Company, Incorporated) are both stocks. MRNA operates in Biotechnology (Healthcare), while MKC operates in Packaged Foods (Consumer Defensive). Over the past 5 years, MRNA returned -25.59%/yr vs -9.29%/yr for MKC. At a 0.10 correlation, their price movements are largely independent.

Performance

MRNA vs. MKC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Moderna, Inc. (MRNA) and McCormick & Company, Incorporated (MKC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRNA achieves a 69.24% return, which is significantly higher than MKC's -27.49% return.

MRNA

• 1D: 0.54%
• 1M: 1.77%
• YTD: 69.24%
• 6M: 69.42%
• 1Y: 87.14%
• 3Y*: -26.94%
• 5Y*: -25.59%
• 10Y*: —

MKC

• 1D: -0.57%
• 1M: 5.61%
• YTD: -27.49%
• 6M: -25.55%
• 1Y: -31.93%
• 3Y*: -16.44%
• 5Y*: -9.29%
• 10Y*: 1.82%

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

MRNA vs. MKC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRNA Moderna, Inc.	69.24%	-29.08%	-58.19%	-44.63%	-29.28%	143.11%	434.10%	28.09%	-30.59%
MKC McCormick & Company, Incorporated	-27.49%	-8.33%	13.97%	-15.68%	-12.65%	2.67%	14.70%	23.65%	-7.80%

Correlation

The correlation between MRNA and MKC is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018	0.10

Fundamentals

Market Cap MRNA : $19.71B MKC : $13.19B
EPS MRNA : -$8.16 MKC : $6.10
PS Ratio MRNA : 8.78 MKC : 1.85
PB Ratio MRNA : 2.66 MKC : 1.89
Total Revenue (TTM) MRNA : $2.23B MKC : $7.11B
Gross Profit (TTM) MRNA : -$309.00M MKC : $2.70B
EBITDA (TTM) MRNA : -$3.02B MKC : $1.22B

Return for Risk

MRNA vs. MKC — Risk / Return Rank

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

MRNA

MRNA Risk / Return Rank: 78
MRNA Sharpe Ratio Rank: 80
MRNA Sortino Ratio Rank: 79
MRNA Omega Ratio Rank: 75
MRNA Calmar Ratio Rank: 79
MRNA Martin Ratio Rank: 76

MKC

MKC Risk / Return Rank: 5
MKC Sharpe Ratio Rank: 2
MKC Sortino Ratio Rank: 4
MKC Omega Ratio Rank: 6
MKC Calmar Ratio Rank: 9
MKC Martin Ratio Rank: 3

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.

MRNA vs. MKC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moderna, Inc. (MRNA) and McCormick & Company, Incorporated (MKC). 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.

	MRNA	MKC	Difference
Sharpe ratio: Return per unit of total volatility	1.28	-1.20	+2.48
Sortino ratio: Return per unit of downside risk	2.13	-1.70	+3.83
Omega ratio: Gain probability vs. loss probability	1.24	0.80	+0.44
Calmar ratio: Return relative to maximum drawdown	2.34	-0.85	+3.19
Martin ratio: Return relative to average drawdown	4.59	-1.69	+6.27

MRNA vs. MKC - Sharpe Ratio Comparison

The current MRNA Sharpe Ratio is 1.28, which is higher than the MKC Sharpe Ratio of -1.20. The chart below compares the historical Sharpe Ratios of MRNA and MKC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRNA vs. MKC - Drawdown Comparison

The maximum MRNA drawdown since its inception was -95.38%, which is greater than MKC's maximum drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for MRNA and MKC.

Drawdown Indicators

	MRNA	MKC	Difference
Max Drawdown Largest peak-to-trough decline	-95.38%	-52.02%	-43.36%
Max Drawdown (1Y) Largest decline over 1 year	-35.51%	-39.50%	+3.99%
Max Drawdown (3Y) Largest decline over 3 years	-86.58%	-47.65%	-38.93%
Max Drawdown (5Y) Largest decline over 5 years	-95.38%	-52.02%	-43.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.02%	—
Current Drawdown Current decline from peak	-89.70%	-48.49%	-41.21%
Average Drawdown Average peak-to-trough decline	-57.06%	-11.03%	-46.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.06%	19.92%	-1.86%

Volatility

MRNA vs. MKC - Volatility Comparison

Moderna, Inc. (MRNA) has a higher volatility of 17.56% compared to McCormick & Company, Incorporated (MKC) at 6.12%. This indicates that MRNA's price experiences larger fluctuations and is considered to be riskier than MKC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRNA	MKC	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	6.12%	+11.44%
Volatility (6M) Calculated over the trailing 6-month period	48.82%	23.28%	+25.54%
Volatility (1Y) Calculated over the trailing 1-year period	64.75%	28.06%	+36.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.49%	24.34%	+42.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.15%	24.17%	+47.98%

Dividends

MRNA vs. MKC - Dividend Comparison

MRNA has not paid dividends to shareholders, while MKC's dividend yield for the trailing twelve months is around 3.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MKC McCormick & Company, Incorporated	3.80%	2.69%	2.24%	2.32%	1.81%	1.44%	1.68%	1.37%	1.53%	1.89%	1.89%	1.91%
MRNA Moderna, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MRNA and MKC in my portfolio?

MRNA and MKC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRNA or MKC?

MRNA has higher volatility (17.56%) compared to MKC (6.12%). In terms of maximum drawdown, MRNA dropped -95.38% vs MKC's -52.02%.

Which has better risk-adjusted returns?

MRNA currently has the higher Sharpe Ratio (1.28 vs -1.20), 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.