NWL vs. FAT

Last updated Jun 3, 2026

NWL (Newell Brands Inc.) and FAT (FAT Brands Inc.) are both stocks. NWL operates in Household & Personal Products (Consumer Defensive), while FAT operates in Restaurants (Consumer Cyclical). Over the past 5 years, NWL returned -32.00%/yr vs -48.69%/yr for FAT. At a 0.14 correlation, their price movements are largely independent.

Performance

NWL vs. FAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newell Brands Inc. (NWL) and FAT Brands Inc. (FAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWL achieves a -9.24% return, which is significantly higher than FAT's -48.32% return.

NWL

• 1D: -2.10%
• 1M: -26.92%
• YTD: -9.24%
• 6M: -8.00%
• 1Y: -30.99%
• 3Y*: -24.62%
• 5Y*: -32.00%
• 10Y*: -20.20%

FAT

• 1D: 0.00%
• 1M: 0.00%
• YTD: -48.32%
• 6M: -73.93%
• 1Y: -92.54%
• 3Y*: -62.32%
• 5Y*: -48.69%
• 10Y*: —

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

NWL vs. FAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWL Newell Brands Inc.	-9.24%	-60.51%	18.96%	-30.93%	-37.02%	6.75%	16.73%	9.43%	-37.53%	-22.48%
FAT FAT Brands Inc.	-48.32%	-89.39%	-3.66%	32.64%	-50.03%	86.50%	30.77%	-1.21%	-44.62%	-21.20%

Correlation

The correlation between NWL and FAT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017	0.14

Fundamentals

Market Cap NWL : $1.37B FAT : $2.91M
EPS NWL : -$0.67 FAT : -$12.65
PS Ratio NWL : 0.19 FAT : 0.01
Total Revenue (TTM) NWL : $7.19B FAT : $574.14M
Gross Profit (TTM) NWL : $2.44B FAT : $157.40M
EBITDA (TTM) NWL : $273.00M FAT : -$45.08M

Return for Risk

NWL vs. FAT — Risk / Return Rank

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

NWL

NWL Risk / Return Rank: 17
NWL Sharpe Ratio Rank: 17
NWL Sortino Ratio Rank: 20
NWL Omega Ratio Rank: 19
NWL Calmar Ratio Rank: 16
NWL Martin Ratio Rank: 15

FAT

FAT Risk / Return Rank: 3
FAT Sharpe Ratio Rank: 5
FAT Sortino Ratio Rank: 1
FAT Omega Ratio Rank: 0
FAT Calmar Ratio Rank: 2
FAT Martin Ratio Rank: 8

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.

NWL vs. FAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Newell Brands Inc. (NWL) and FAT Brands Inc. (FAT). 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.

	NWL	FAT	Difference
Sharpe ratio Return per unit of total volatility	-0.55	-0.95	+0.40
Sortino ratio Return per unit of downside risk	-0.46	-2.54	+2.08
Omega ratio Gain probability vs. loss probability	0.94	0.56	+0.38
Calmar ratio Return relative to maximum drawdown	-0.67	-0.99	+0.32
Martin ratio Return relative to average drawdown	-1.14	-1.38	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWL vs. FAT - Sharpe Ratio Comparison

The current NWL Sharpe Ratio is -0.55, which is higher than the FAT Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of NWL and FAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NWL	FAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	-0.95	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.60	-0.74	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.41	+0.50

Drawdowns

NWL vs. FAT - Drawdown Comparison

The maximum NWL drawdown since its inception was -91.86%, smaller than the maximum FAT drawdown of -97.48%. Use the drawdown chart below to compare losses from any high point for NWL and FAT.

Drawdown Indicators

	NWL	FAT	Difference
Max Drawdown Largest peak-to-trough decline	-91.86%	-97.48%	+5.62%
Max Drawdown (1Y) Largest decline over 1 year	-51.33%	-94.21%	+42.88%
Max Drawdown (3Y) Largest decline over 3 years	-72.28%	-96.59%	+24.31%
Max Drawdown (5Y) Largest decline over 5 years	-86.87%	-97.48%	+10.61%
Max Drawdown (10Y) Largest decline over 10 years	-91.86%	—	—
Current Drawdown Current decline from peak	-90.99%	-97.48%	+6.49%
Average Drawdown Average peak-to-trough decline	-34.74%	-49.83%	+15.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.99%	67.25%	-37.26%

Volatility

NWL vs. FAT - Volatility Comparison

Newell Brands Inc. (NWL) has a higher volatility of 13.81% compared to FAT Brands Inc. (FAT) at 0.00%. This indicates that NWL's price experiences larger fluctuations and is considered to be riskier than FAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWL	FAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.81%	0.00%	+13.81%
Volatility (6M) Calculated over the trailing 6-month period	32.89%	97.93%	-65.04%
Volatility (1Y) Calculated over the trailing 1-year period	56.66%	97.68%	-41.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.40%	66.34%	-12.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.56%	77.28%	-28.72%

Dividends

NWL vs. FAT - Dividend Comparison

NWL's dividend yield for the trailing twelve months is around 8.59%, while FAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAT FAT Brands Inc.	0.00%	0.00%	10.53%	9.24%	10.92%	4.91%	0.00%	2.64%	7.66%	0.00%	0.00%	0.00%
NWL Newell Brands Inc.	8.59%	7.53%	2.81%	5.07%	7.03%	4.21%	4.33%	4.79%	4.95%	2.85%	1.70%	1.72%

Financials

NWL vs. FAT - Profitability Comparison

The chart below illustrates the profitability comparison between Newell Brands Inc. and FAT Brands Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NWL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Newell Brands Inc. reported a gross profit of 513.00M and revenue of 1.55B. Therefore, the gross margin over that period was 33.1%.

FAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FAT Brands Inc. reported a gross profit of 37.49M and revenue of 140.01M. Therefore, the gross margin over that period was 26.8%.

NWL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Newell Brands Inc. reported an operating income of 34.00M and revenue of 1.55B, resulting in an operating margin of 2.2%.

FAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FAT Brands Inc. reported an operating income of -17.34M and revenue of 140.01M, resulting in an operating margin of -12.4%.

NWL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Newell Brands Inc. reported a net income of -33.00M and revenue of 1.55B, resulting in a net margin of -2.1%.

FAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FAT Brands Inc. reported a net income of -58.22M and revenue of 140.01M, resulting in a net margin of -41.6%.

Frequently Asked Questions

Can I hold both NWL and FAT in my portfolio?

NWL and FAT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWL or FAT?

NWL has higher volatility (13.81%) compared to FAT (0.00%). In terms of maximum drawdown, NWL dropped -91.86% vs FAT's -97.48%.

Which has better risk-adjusted returns?

NWL currently has the higher Sharpe Ratio (-0.55 vs -0.95), 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.