NKE vs. CARR
NKE (NIKE, Inc.) and CARR (Carrier Global Corporation) are both stocks. NKE operates in Footwear & Accessories (Consumer Cyclical), while CARR operates in Building Products & Equipment (Industrials). Over the past 5 years, NKE returned -18.04%/yr vs 10.28%/yr for CARR. At a 0.40 correlation, their price movements are largely independent.
Performance
NKE vs. CARR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NKE achieves a -28.37% return, which is significantly lower than CARR's 33.35% return.
NKE
- 1D
- -2.24%
- 1M
- 8.24%
- YTD
- -28.37%
- 6M
- -32.37%
- 1Y
- -23.74%
- 3Y*
- -23.49%
- 5Y*
- -18.04%
- 10Y*
- -0.48%
CARR
- 1D
- 0.24%
- 1M
- 8.10%
- YTD
- 33.35%
- 6M
- 33.09%
- 1Y
- -0.12%
- 3Y*
- 16.03%
- 5Y*
- 10.28%
- 10Y*
- —
NKE vs. CARR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | -28.37% | -13.83% | -29.11% | -6.01% | -29.04% | 18.70% | 77.72% |
CARR Carrier Global Corporation | 33.35% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
Correlation
The correlation between NKE and CARR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.40 |
The correlation between NKE and CARR shifts across timeframes, from 0.28 (3 years) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NKE:
$66.51B
CARR:
$58.92B
NKE:
$1.52
CARR:
$1.55
NKE:
29.55
CARR:
45.24
NKE:
1.43
CARR:
2.73
NKE:
4.72
CARR:
4.27
NKE:
$46.52B
CARR:
$21.87B
NKE:
$18.99B
CARR:
$5.43B
NKE:
$3.33B
CARR:
$3.15B
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
NKE vs. CARR — Risk / Return Rank
NKE
CARR
NKE vs. CARR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) and Carrier Global Corporation (CARR). 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.
| NKE | CARR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.02 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.05 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.09 | -0.08 | -1.01 |
Loading charts...
Drawdowns
NKE vs. CARR - Drawdown Comparison
The maximum NKE drawdown since its inception was -75.19%, which is greater than CARR's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for NKE and CARR.
Loading charts...
Drawdown Indicators
| NKE | CARR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.19% | -40.82% | -34.37% |
Max Drawdown (1Y)Largest decline over 1 year | -46.18% | -37.38% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -64.21% | -37.91% | -26.30% |
Max Drawdown (5Y)Largest decline over 5 years | -74.64% | -40.82% | -33.82% |
Max Drawdown (10Y)Largest decline over 10 years | -74.64% | — | — |
Current DrawdownCurrent decline from peak | -72.55% | -13.13% | -59.42% |
Average DrawdownAverage peak-to-trough decline | -20.93% | -14.21% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.38% | 24.10% | +0.28% |
Volatility
NKE vs. CARR - Volatility Comparison
The current volatility for NIKE, Inc. (NKE) is 10.43%, while Carrier Global Corporation (CARR) has a volatility of 12.13%. This indicates that NKE experiences smaller price fluctuations and is considered to be less risky than CARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NKE | CARR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 12.13% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 29.43% | 27.68% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.48% | 35.29% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.91% | 31.90% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 34.83% | -2.54% |
Dividends
NKE vs. CARR - Dividend Comparison
NKE's dividend yield for the trailing twelve months is around 3.63%, more than CARR's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.65% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NKE NIKE, Inc. | 3.63% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
Financials
NKE vs. CARR - Financials Comparison
This section allows you to compare key financial metrics between NIKE, Inc. and Carrier Global Corporation. 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
NKE vs. CARR - Profitability Comparison
NKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.
CARR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a gross profit of 1.24B and revenue of 5.34B. Therefore, the gross margin over that period was 23.3%.
NKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.
CARR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported an operating income of 259.00M and revenue of 5.34B, resulting in an operating margin of 4.9%.
NKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.
CARR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a net income of 238.00M and revenue of 5.34B, resulting in a net margin of 4.5%.
Frequently Asked Questions
NKE and CARR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARR has higher volatility (12.13%) compared to NKE (10.43%). In terms of maximum drawdown, NKE dropped -75.19% vs CARR's -40.82%.
CARR currently has the higher Sharpe Ratio (-0.05 vs -0.69), 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 NKE and CARR
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