AIT vs. PH
AIT (Applied Industrial Technologies, Inc.) and PH (Parker-Hannifin Corporation) are both stocks. Both are in the Industrials sector — AIT in Industrial Distribution, PH in Specialty Industrial Machinery. Over the past 10 years, AIT returned 22.87%/yr vs 24.75%/yr for PH. At a 0.41 correlation, their price movements are largely independent.
Performance
AIT vs. PH - Performance Comparison
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Returns By Period
In the year-to-date period, AIT achieves a 22.87% return, which is significantly higher than PH's 0.89% return. Over the past 10 years, AIT has underperformed PH with an annualized return of 22.87%, while PH has yielded a comparatively higher 24.75% annualized return.
AIT
- 1D
- -0.28%
- 1M
- 1.96%
- YTD
- 22.87%
- 6M
- 22.65%
- 1Y
- 36.57%
- 3Y*
- 33.63%
- 5Y*
- 28.07%
- 10Y*
- 22.87%
PH
- 1D
- 0.09%
- 1M
- 0.49%
- YTD
- 0.89%
- 6M
- 0.81%
- 1Y
- 32.71%
- 3Y*
- 36.81%
- 5Y*
- 25.26%
- 10Y*
- 24.75%
AIT vs. PH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 22.87% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
PH Parker-Hannifin Corporation | 0.89% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
Correlation
The correlation between AIT and PH is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 1985 | 0.41 |
Over the past year, AIT and PH have become more correlated (0.67) than their long-term average of 0.41, meaning their price movements have been converging.
Fundamentals
AIT:
$11.95B
PH:
$113.04B
AIT:
$10.56
PH:
$27.11
AIT:
29.78
PH:
32.58
AIT:
0.93
PH:
1.37
AIT:
2.48
PH:
5.40
AIT:
4.00
PH:
7.26
AIT:
$4.84B
PH:
$20.99B
AIT:
$1.47B
PH:
$7.81B
AIT:
$563.38M
PH:
$5.31B
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Return for Risk
AIT vs. PH — Risk / Return Rank
AIT
PH
AIT vs. PH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) and Parker-Hannifin Corporation (PH). 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.
| AIT | PH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 1.70 | +1.16 |
| Martin ratioReturn relative to average drawdown | 6.86 | 5.17 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIT | PH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.34 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.89 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.44 | -0.01 |
Drawdowns
AIT vs. PH - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, roughly equal to the maximum PH drawdown of -66.92%. Use the drawdown chart below to compare losses from any high point for AIT and PH.
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Drawdown Indicators
| AIT | PH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -66.92% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -19.34% | +6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | -26.79% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -28.64% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | -54.68% | -4.61% |
Current DrawdownCurrent decline from peak | -0.28% | -13.48% | +13.20% |
Average DrawdownAverage peak-to-trough decline | -18.04% | -15.33% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 6.34% | -0.99% |
Volatility
AIT vs. PH - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) and Parker-Hannifin Corporation (PH) have volatilities of 5.61% and 5.59%, 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
| AIT | PH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 5.59% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.07% | 18.60% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 24.62% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.49% | 28.61% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.29% | 31.69% | +1.60% |
Dividends
AIT vs. PH - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.62%, less than PH's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
PH Parker-Hannifin Corporation | 0.84% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
AIT vs. PH - Financials Comparison
This section allows you to compare key financial metrics between Applied Industrial Technologies, Inc. and Parker-Hannifin Corporation. 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
AIT vs. PH - Profitability Comparison
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a gross profit of 2.02B and revenue of 5.49B. Therefore, the gross margin over that period was 36.8%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
Frequently Asked Questions
AIT and PH have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIT has higher volatility (5.61%) compared to PH (5.59%). In terms of maximum drawdown, AIT dropped -66.47% vs PH's -66.92%.
AIT currently has the higher Sharpe Ratio (1.40 vs 1.34), 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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