ULBI vs. CAKE

Last updated Jun 4, 2026

ULBI (Ultralife Corporation) and CAKE (The Cheesecake Factory Incorporated) are both stocks. ULBI operates in Electrical Equipment & Parts (Industrials), while CAKE operates in Restaurants (Consumer Cyclical). Over the past 10 years, ULBI returned 4.85%/yr vs 4.87%/yr for CAKE. At a 0.13 correlation, their price movements are largely independent.

Performance

ULBI vs. CAKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ultralife Corporation (ULBI) and The Cheesecake Factory Incorporated (CAKE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULBI achieves a 20.72% return, which is significantly lower than CAKE's 29.78% return. Both investments have delivered pretty close results over the past 10 years, with ULBI having a 4.85% annualized return and CAKE not far ahead at 4.87%.

ULBI

• 1D: -2.88%
• 1M: 4.31%
• YTD: 20.72%
• 6M: 22.21%
• 1Y: -4.76%
• 3Y*: 14.67%
• 5Y*: -5.76%
• 10Y*: 4.85%

CAKE

• 1D: 0.60%
• 1M: 9.97%
• YTD: 29.78%
• 6M: 35.35%
• 1Y: 17.29%
• 3Y*: 28.43%
• 5Y*: 5.29%
• 10Y*: 4.87%

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

ULBI vs. CAKE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULBI Ultralife Corporation	20.72%	-23.22%	9.24%	76.68%	-36.09%	-6.65%	-12.45%	9.48%	3.05%	32.32%
CAKE The Cheesecake Factory Incorporated	29.78%	8.61%	39.33%	14.01%	-17.02%	5.64%	-3.53%	-7.82%	-7.44%	-17.83%

Correlation

The correlation between ULBI and CAKE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 24, 1992	0.13

The correlation between ULBI and CAKE shifts across timeframes, from 0.13 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ULBI : -$0.49 CAKE : $2.39
PS Ratio ULBI : 0.61 CAKE : 1.20
Total Revenue (TTM) ULBI : $187.86M CAKE : $1.96B
Gross Profit (TTM) ULBI : $43.39M CAKE : $1.54B
EBITDA (TTM) ULBI : $6.73M CAKE : $161.36M

Return for Risk

ULBI vs. CAKE — Risk / Return Rank

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

ULBI

ULBI Risk / Return Rank: 37
ULBI Sharpe Ratio Rank: 37
ULBI Sortino Ratio Rank: 37
ULBI Omega Ratio Rank: 37
ULBI Calmar Ratio Rank: 37
ULBI Martin Ratio Rank: 37

CAKE

CAKE Risk / Return Rank: 52
CAKE Sharpe Ratio Rank: 58
CAKE Sortino Ratio Rank: 51
CAKE Omega Ratio Rank: 50
CAKE Calmar Ratio Rank: 51
CAKE Martin Ratio Rank: 52

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.

ULBI vs. CAKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ultralife Corporation (ULBI) and The Cheesecake Factory Incorporated (CAKE). 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.

	ULBI	CAKE	Difference
Sharpe ratio Return per unit of total volatility	-0.08	0.51	-0.59
Sortino ratio Return per unit of downside risk	0.30	0.92	-0.62
Omega ratio Gain probability vs. loss probability	1.04	1.11	-0.07
Calmar ratio Return relative to maximum drawdown	-0.11	0.48	-0.58
Martin ratio Return relative to average drawdown	-0.17	1.05	-1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ULBI vs. CAKE - Sharpe Ratio Comparison

The current ULBI Sharpe Ratio is -0.08, which is lower than the CAKE Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of ULBI and CAKE, 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

	ULBI	CAKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.51	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.13	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.11	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.23	-0.26

Drawdowns

ULBI vs. CAKE - Drawdown Comparison

The maximum ULBI drawdown since its inception was -92.90%, which is greater than CAKE's maximum drawdown of -86.17%. Use the drawdown chart below to compare losses from any high point for ULBI and CAKE.

Drawdown Indicators

	ULBI	CAKE	Difference
Max Drawdown Largest peak-to-trough decline	-92.90%	-86.17%	-6.73%
Max Drawdown (1Y) Largest decline over 1 year	-44.69%	-36.39%	-8.30%
Max Drawdown (3Y) Largest decline over 3 years	-68.83%	-36.39%	-32.44%
Max Drawdown (5Y) Largest decline over 5 years	-68.83%	-57.36%	-11.47%
Max Drawdown (10Y) Largest decline over 10 years	-68.83%	-75.50%	+6.67%
Current Drawdown Current decline from peak	-71.82%	-3.41%	-68.41%
Average Drawdown Average peak-to-trough decline	-63.48%	-22.84%	-40.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.26%	16.52%	+10.74%

Volatility

ULBI vs. CAKE - Volatility Comparison

Ultralife Corporation (ULBI) has a higher volatility of 25.54% compared to The Cheesecake Factory Incorporated (CAKE) at 11.55%. This indicates that ULBI's price experiences larger fluctuations and is considered to be riskier than CAKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULBI	CAKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.54%	11.55%	+13.99%
Volatility (6M) Calculated over the trailing 6-month period	41.68%	25.60%	+16.08%
Volatility (1Y) Calculated over the trailing 1-year period	58.55%	33.95%	+24.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.02%	40.32%	+18.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.19%	44.42%	+10.77%

Dividends

ULBI vs. CAKE - Dividend Comparison

ULBI has not paid dividends to shareholders, while CAKE's dividend yield for the trailing twelve months is around 1.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAKE The Cheesecake Factory Incorporated	1.76%	2.14%	2.28%	3.08%	2.55%	0.00%	0.97%	3.55%	2.85%	2.20%	1.47%	1.58%
ULBI Ultralife Corporation	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

ULBI vs. CAKE - Profitability Comparison

The chart below illustrates the profitability comparison between Ultralife Corporation and The Cheesecake Factory Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ULBI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ultralife Corporation reported a gross profit of 10.11M and revenue of 47.45M. Therefore, the gross margin over that period was 21.3%.

CAKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Cheesecake Factory Incorporated reported a gross profit of -677.61M and revenue of -867.20M. Therefore, the gross margin over that period was 78.1%.

ULBI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ultralife Corporation reported an operating income of -215.00K and revenue of 47.45M, resulting in an operating margin of -0.5%.

CAKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Cheesecake Factory Incorporated reported an operating income of -91.92M and revenue of -867.20M, resulting in an operating margin of 10.6%.

ULBI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ultralife Corporation reported a net income of -451.00K and revenue of 47.45M, resulting in a net margin of -1.0%.

CAKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Cheesecake Factory Incorporated reported a net income of -28.78M and revenue of -867.20M, resulting in a net margin of 3.3%.

Frequently Asked Questions

Can I hold both ULBI and CAKE in my portfolio?

ULBI and CAKE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULBI or CAKE?

ULBI has higher volatility (25.54%) compared to CAKE (11.55%). In terms of maximum drawdown, ULBI dropped -92.90% vs CAKE's -86.17%.

Which has better risk-adjusted returns?

CAKE currently has the higher Sharpe Ratio (0.51 vs -0.08), 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.