SG vs. CAVA

Last updated Jun 20, 2026

SG (Sweetgreen, Inc.) and CAVA (CAVA Group Inc.) are both stocks. Both operate in the Restaurants industry within the Consumer Cyclical sector. Over the past 3 years, SG returned -4.50%/yr vs 32.72%/yr for CAVA. At a 0.48 correlation, their price movements are largely independent.

Performance

SG vs. CAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sweetgreen, Inc. (SG) and CAVA Group Inc. (CAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SG achieves a 32.69% return, which is significantly lower than CAVA's 51.95% return.

SG

• 1D: 5.28%
• 1M: -0.11%
• YTD: 32.69%
• 6M: 30.95%
• 1Y: -26.89%
• 3Y*: -4.50%
• 5Y*: —
• 10Y*: —

CAVA

• 1D: 1.28%
• 1M: 9.73%
• YTD: 51.95%
• 6M: 56.70%
• 1Y: 19.51%
• 3Y*: 32.72%
• 5Y*: —
• 10Y*: —

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

SG vs. CAVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SG Sweetgreen, Inc.	32.69%	-78.91%	183.72%	3.76%
CAVA CAVA Group Inc.	51.95%	-47.97%	162.45%	2.33%

Correlation

The correlation between SG and CAVA is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.48

The correlation between SG and CAVA has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

Fundamentals

EPS SG : $0.14 CAVA : $0.54
PE Ratio SG : 63.43 CAVA : 165.38
PS Ratio SG : 1.58 CAVA : 8.94
Total Revenue (TTM) SG : $674.69M CAVA : $1.18B
Gross Profit (TTM) SG : $73.84M CAVA : $216.81M
EBITDA (TTM) SG : $93.13M CAVA : $150.65M

Return for Risk

SG vs. CAVA — Risk / Return Rank

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

SG

SG Risk / Return Rank: 30
SG Sharpe Ratio Rank: 26
SG Sortino Ratio Rank: 30
SG Omega Ratio Rank: 30
SG Calmar Ratio Rank: 29
SG Martin Ratio Rank: 33

CAVA

CAVA Risk / Return Rank: 52
CAVA Sharpe Ratio Rank: 54
CAVA Sortino Ratio Rank: 54
CAVA Omega Ratio Rank: 52
CAVA Calmar Ratio Rank: 52
CAVA Martin Ratio Rank: 50

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.

SG vs. CAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sweetgreen, Inc. (SG) and CAVA Group Inc. (CAVA). 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.

	SG	CAVA	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	0.34	-0.70
Sortino ratio: Return per unit of downside risk	-0.06	0.94	-1.00
Omega ratio: Gain probability vs. loss probability	0.99	1.11	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.38	0.38	-0.76
Martin ratio: Return relative to average drawdown	-0.51	0.75	-1.26

SG vs. CAVA - Sharpe Ratio Comparison

The current SG Sharpe Ratio is -0.36, which is lower than the CAVA Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of SG and CAVA, 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

SG vs. CAVA - Drawdown Comparison

The maximum SG drawdown since its inception was -91.13%, which is greater than CAVA's maximum drawdown of -71.11%. Use the drawdown chart below to compare losses from any high point for SG and CAVA.

Drawdown Indicators

	SG	CAVA	Difference
Max Drawdown Largest peak-to-trough decline	-91.13%	-71.11%	-20.02%
Max Drawdown (1Y) Largest decline over 1 year	-71.09%	-52.65%	-18.44%
Max Drawdown (3Y) Largest decline over 3 years	-89.31%	-71.11%	-18.20%
Current Drawdown Current decline from peak	-83.08%	-40.89%	-42.19%
Average Drawdown Average peak-to-trough decline	-66.61%	-30.17%	-36.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.75%	26.37%	+26.38%

Volatility

SG vs. CAVA - Volatility Comparison

Sweetgreen, Inc. (SG) has a higher volatility of 27.19% compared to CAVA Group Inc. (CAVA) at 14.65%. This indicates that SG's price experiences larger fluctuations and is considered to be riskier than CAVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SG	CAVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.19%	14.65%	+12.54%
Volatility (6M) Calculated over the trailing 6-month period	54.70%	42.61%	+12.09%
Volatility (1Y) Calculated over the trailing 1-year period	75.15%	58.11%	+17.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.80%	59.23%	+20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.80%	59.23%	+20.57%

Dividends

SG vs. CAVA - Dividend Comparison

Neither SG nor CAVA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

SG vs. CAVA - Profitability Comparison

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

SG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sweetgreen, Inc. reported a gross profit of 0.00 and revenue of 161.52M. Therefore, the gross margin over that period was 0.0%.

CAVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CAVA Group Inc. reported a gross profit of 40.95M and revenue of 274.99M. Therefore, the gross margin over that period was 14.9%.

SG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sweetgreen, Inc. reported an operating income of -34.35M and revenue of 161.52M, resulting in an operating margin of -21.3%.

CAVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CAVA Group Inc. reported an operating income of 8.43M and revenue of 274.99M, resulting in an operating margin of 3.1%.

SG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sweetgreen, Inc. reported a net income of 125.81M and revenue of 161.52M, resulting in a net margin of 77.9%.

CAVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CAVA Group Inc. reported a net income of 4.92M and revenue of 274.99M, resulting in a net margin of 1.8%.

Frequently Asked Questions

Can I hold both SG and CAVA in my portfolio?

SG and CAVA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SG or CAVA?

SG has higher volatility (27.19%) compared to CAVA (14.65%). In terms of maximum drawdown, SG dropped -91.13% vs CAVA's -71.11%.

Which has better risk-adjusted returns?

CAVA currently has the higher Sharpe Ratio (0.34 vs -0.36), 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.