ACCO vs. CPA
ACCO (ACCO Brands Corporation) and CPA (Copa Holdings, S.A.) are both stocks. Both are in the Industrials sector — ACCO in Business Equipment & Supplies, CPA in Airlines. Over the past 10 years, ACCO returned -6.26%/yr vs 12.36%/yr for CPA. At a 0.34 correlation, their price movements are largely independent.
Performance
ACCO vs. CPA - Performance Comparison
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Returns By Period
In the year-to-date period, ACCO achieves a 8.79% return, which is significantly lower than CPA's 27.85% return. Over the past 10 years, ACCO has underperformed CPA with an annualized return of -6.26%, while CPA has yielded a comparatively higher 12.36% annualized return.
ACCO
- 1D
- 1.31%
- 1M
- -3.96%
- 6M
- 3.25%
- YTD
- 8.79%
- 1Y
- 10.84%
- 3Y*
- -5.47%
- 5Y*
- -9.03%
- 10Y*
- -6.26%
CPA
- 1D
- 0.47%
- 1M
- 6.28%
- 6M
- 17.80%
- YTD
- 27.85%
- 1Y
- 43.50%
- 3Y*
- 17.34%
- 5Y*
- 20.15%
- 10Y*
- 12.36%
ACCO vs. CPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACCO ACCO Brands Corporation | 8.79% | -23.09% | -8.66% | 15.30% | -29.22% | 0.77% | -5.85% | 41.92% | -43.22% | -6.51% |
CPA Copa Holdings, S.A. | 27.85% | 45.60% | -11.54% | 32.38% | 0.62% | 7.03% | -27.90% | 41.09% | -39.17% | 50.74% |
Correlation
The correlation between ACCO and CPA is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2005 | 0.34 |
Fundamentals
ACCO:
$357.96M
CPA:
$6.21B
ACCO:
$0.78
CPA:
$17.17
ACCO:
4.95
CPA:
8.77
ACCO:
0.24
CPA:
1.65
ACCO:
0.54
CPA:
2.16
ACCO:
$1.55B
CPA:
$3.77B
ACCO:
$507.20M
CPA:
$1.23B
ACCO:
$163.10M
CPA:
$1.20B
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Return for Risk
ACCO vs. CPA — Risk / Return Rank
ACCO
CPA
ACCO vs. CPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ACCO Brands Corporation (ACCO) and Copa Holdings, S.A. (CPA). 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.
| ACCO | CPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.21 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.35 | -1.07 |
| Martin ratioReturn relative to average drawdown | 0.74 | 3.51 | -2.77 |
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Drawdowns
ACCO vs. CPA - Drawdown Comparison
The maximum ACCO drawdown since its inception was -97.63%, which is greater than CPA's maximum drawdown of -78.99%. Use the drawdown chart below to compare losses from any high point for ACCO and CPA.
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Drawdown Indicators
| ACCO | CPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.63% | -78.99% | -18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -30.99% | -29.22% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -49.96% | -33.47% | -16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -61.59% | -42.52% | -19.07% |
Max Drawdown (10Y)Largest decline over 10 years | -71.83% | -78.94% | +7.11% |
Current DrawdownCurrent decline from peak | -79.39% | -4.20% | -75.19% |
Average DrawdownAverage peak-to-trough decline | -65.42% | -27.68% | -37.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.95% | 11.27% | +0.68% |
Volatility
ACCO vs. CPA - Volatility Comparison
ACCO Brands Corporation (ACCO) and Copa Holdings, S.A. (CPA) have volatilities of 12.24% and 12.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACCO | CPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.24% | 12.79% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 32.53% | 35.01% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.25% | 41.22% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.99% | 36.37% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.48% | 44.83% | -3.35% |
Dividends
ACCO vs. CPA - Dividend Comparison
ACCO's dividend yield for the trailing twelve months is around 7.73%, more than CPA's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACCO ACCO Brands Corporation | 7.73% | 8.04% | 5.71% | 4.93% | 5.37% | 3.27% | 3.08% | 2.62% | 3.54% | 0.00% | 0.00% | 0.00% |
CPA Copa Holdings, S.A. | 4.41% | 5.34% | 7.33% | 3.09% | 0.00% | 0.00% | 1.04% | 2.41% | 4.42% | 1.88% | 2.25% | 6.96% |
Financials
ACCO vs. CPA - Financials Comparison
This section allows you to compare key financial metrics between ACCO Brands Corporation and Copa Holdings, S.A.. 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
ACCO vs. CPA - Profitability Comparison
ACCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, ACCO Brands Corporation reported a gross profit of 106.80M and revenue of 343.70M. Therefore, the gross margin over that period was 31.1%.
CPA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Copa Holdings, S.A. reported a gross profit of 377.63M and revenue of 1.05B. Therefore, the gross margin over that period was 35.9%.
ACCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, ACCO Brands Corporation reported an operating income of 7.70M and revenue of 343.70M, resulting in an operating margin of 2.2%.
CPA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Copa Holdings, S.A. reported an operating income of 258.64M and revenue of 1.05B, resulting in an operating margin of 24.6%.
ACCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, ACCO Brands Corporation reported a net income of 19.40M and revenue of 343.70M, resulting in a net margin of 5.6%.
CPA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Copa Holdings, S.A. reported a net income of 212.47M and revenue of 1.05B, resulting in a net margin of 20.2%.
Frequently Asked Questions
ACCO and CPA have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPA has higher volatility (12.79%) compared to ACCO (12.24%). In terms of maximum drawdown, ACCO dropped -97.63% vs CPA's -78.99%.
CPA currently has the higher Sharpe Ratio (0.97 vs 0.22), 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.
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