PG vs. CAT
PG (The Procter & Gamble Company) and CAT (Caterpillar Inc.) are both stocks. PG operates in Household & Personal Products (Consumer Defensive), while CAT operates in Farm & Heavy Construction Machinery (Industrials). Over the past 10 years, PG returned 8.96%/yr vs 31.33%/yr for CAT. At a 0.26 correlation, their price movements are largely independent.
Performance
PG vs. CAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PG achieves a 5.93% return, which is significantly lower than CAT's 59.62% return. Over the past 10 years, PG has underperformed CAT with an annualized return of 8.96%, while CAT has yielded a comparatively higher 31.33% annualized return.
PG
- 1D
- 0.86%
- 1M
- 5.18%
- YTD
- 5.93%
- 6M
- 6.28%
- 1Y
- -5.68%
- 3Y*
- 3.69%
- 5Y*
- 4.73%
- 10Y*
- 8.96%
CAT
- 1D
- 1.44%
- 1M
- 0.92%
- YTD
- 59.62%
- 6M
- 52.94%
- 1Y
- 154.99%
- 3Y*
- 57.16%
- 5Y*
- 35.17%
- 10Y*
- 31.33%
PG vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 5.93% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
CAT Caterpillar Inc. | 59.62% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
Correlation
The correlation between PG and CAT is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1970 | 0.26 |
Over the past year, the correlation between PG and CAT has dropped to 0.04 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
Fundamentals
PG:
$361.53B
CAT:
$424.14B
PG:
$5.23
CAT:
$20.07
PG:
28.63
CAT:
45.37
PG:
7.00
CAT:
3.00
PG:
4.20
CAT:
6.04
PG:
6.70
CAT:
22.73
PG:
$86.72B
CAT:
$70.76B
PG:
$43.64B
CAT:
$23.01B
PG:
$22.63B
CAT:
$15.31B
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
PG vs. CAT — Risk / Return Rank
PG
CAT
PG vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Procter & Gamble Company (PG) and Caterpillar Inc. (CAT). 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.
| PG | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -5.34 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.65 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 11.24 | -11.60 |
| Martin ratioReturn relative to average drawdown | -0.68 | 36.80 | -37.48 |
Loading charts...
Drawdowns
PG vs. CAT - Drawdown Comparison
The maximum PG drawdown since its inception was -54.25%, smaller than the maximum CAT drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for PG and CAT.
Loading charts...
Drawdown Indicators
| PG | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.25% | -73.43% | +19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -13.88% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -34.05% | +12.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -34.05% | +10.28% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -43.36% | +19.59% |
Current DrawdownCurrent decline from peak | -13.29% | -3.18% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -19.73% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.80% | 4.23% | +4.57% |
Volatility
PG vs. CAT - Volatility Comparison
The current volatility for The Procter & Gamble Company (PG) is 6.99%, while Caterpillar Inc. (CAT) has a volatility of 13.16%. This indicates that PG experiences smaller price fluctuations and is considered to be less risky than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PG | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 13.16% | -6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 28.37% | -13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 35.19% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 30.79% | -12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 30.98% | -11.93% |
Dividends
PG vs. CAT - Dividend Comparison
PG's dividend yield for the trailing twelve months is around 2.85%, more than CAT's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.66% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
PG The Procter & Gamble Company | 2.85% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Financials
PG vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between The Procter & Gamble Company and Caterpillar 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
PG vs. CAT - Profitability Comparison
PG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported a gross profit of 10.51B and revenue of 21.24B. Therefore, the gross margin over that period was 49.5%.
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.
PG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported an operating income of 4.58B and revenue of 21.24B, resulting in an operating margin of 21.6%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
PG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported a net income of 18.50M and revenue of 21.24B, resulting in a net margin of 0.1%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
Frequently Asked Questions
PG and CAT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAT has higher volatility (13.16%) compared to PG (6.99%). In terms of maximum drawdown, PG dropped -54.25% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.43 vs -0.30), 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 PG and CAT
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