ALLE vs. NDSN
ALLE (Allegion plc) and NDSN (Nordson Corporation) are both stocks. Both are in the Industrials sector — ALLE in Security & Protection Services, NDSN in Specialty Industrial Machinery. Over the past 10 years, ALLE returned 8.36%/yr vs 14.17%/yr for NDSN. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ALLE vs. NDSN - Performance Comparison
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Returns By Period
In the year-to-date period, ALLE achieves a -15.54% return, which is significantly lower than NDSN's 20.24% return. Over the past 10 years, ALLE has underperformed NDSN with an annualized return of 8.36%, while NDSN has yielded a comparatively higher 14.17% annualized return.
ALLE
- 1D
- 0.19%
- 1M
- 2.55%
- YTD
- -15.54%
- 6M
- -16.12%
- 1Y
- -2.07%
- 3Y*
- 5.93%
- 5Y*
- 0.75%
- 10Y*
- 8.36%
NDSN
- 1D
- 0.90%
- 1M
- 3.33%
- YTD
- 20.24%
- 6M
- 23.21%
- 1Y
- 34.03%
- 3Y*
- 8.35%
- 5Y*
- 6.49%
- 10Y*
- 14.17%
ALLE vs. NDSN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALLE Allegion plc | -15.54% | 23.54% | 4.66% | 22.32% | -19.26% | 15.06% | -5.41% | 57.89% | 1.18% | 25.32% |
NDSN Nordson Corporation | 20.24% | 17.03% | -20.15% | 12.39% | -5.93% | 28.09% | 24.45% | 37.88% | -17.65% | 31.83% |
Correlation
The correlation between ALLE and NDSN is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2013 | 0.57 |
The correlation between ALLE and NDSN has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
Fundamentals
ALLE:
$11.60B
NDSN:
$16.17B
ALLE:
$7.33
NDSN:
$9.36
ALLE:
18.29
NDSN:
30.79
ALLE:
2.04
NDSN:
12.07
ALLE:
2.79
NDSN:
5.60
ALLE:
5.52
NDSN:
5.05
ALLE:
$4.16B
NDSN:
$2.90B
ALLE:
$1.87B
NDSN:
$1.60B
ALLE:
$965.50M
NDSN:
$744.50M
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Return for Risk
ALLE vs. NDSN — Risk / Return Rank
ALLE
NDSN
ALLE vs. NDSN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegion plc (ALLE) and Nordson Corporation (NDSN). 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.
| ALLE | NDSN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.27 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.42 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.16 | 7.81 | -7.97 |
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Drawdowns
ALLE vs. NDSN - Drawdown Comparison
The maximum ALLE drawdown since its inception was -43.25%, smaller than the maximum NDSN drawdown of -73.62%. Use the drawdown chart below to compare losses from any high point for ALLE and NDSN.
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Drawdown Indicators
| ALLE | NDSN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.25% | -73.62% | +30.37% |
Max Drawdown (1Y)Largest decline over 1 year | -29.84% | -14.15% | -15.69% |
Max Drawdown (3Y)Largest decline over 3 years | -29.84% | -39.15% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | -39.15% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -43.25% | -44.24% | +0.99% |
Current DrawdownCurrent decline from peak | -25.19% | -3.41% | -21.78% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -13.24% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.18% | 4.37% | +8.81% |
Volatility
ALLE vs. NDSN - Volatility Comparison
The current volatility for Allegion plc (ALLE) is 7.88%, while Nordson Corporation (NDSN) has a volatility of 8.59%. This indicates that ALLE experiences smaller price fluctuations and is considered to be less risky than NDSN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALLE | NDSN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 8.59% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 15.87% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.14% | 21.26% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.10% | 24.78% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.81% | 28.47% | -1.66% |
Dividends
ALLE vs. NDSN - Dividend Comparison
ALLE's dividend yield for the trailing twelve months is around 1.55%, more than NDSN's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALLE Allegion plc | 1.55% | 1.28% | 1.47% | 1.42% | 1.56% | 1.09% | 1.10% | 0.87% | 1.05% | 0.80% | 0.75% | 0.61% |
NDSN Nordson Corporation | 1.12% | 1.66% | 1.02% | 1.01% | 0.98% | 0.71% | 0.77% | 0.90% | 1.09% | 0.78% | 0.91% | 1.43% |
Financials
ALLE vs. NDSN - Financials Comparison
This section allows you to compare key financial metrics between Allegion plc and Nordson 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
ALLE vs. NDSN - Profitability Comparison
ALLE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allegion plc reported a gross profit of 454.50M and revenue of 1.03B. Therefore, the gross margin over that period was 44.0%.
NDSN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported a gross profit of 404.08M and revenue of 740.85M. Therefore, the gross margin over that period was 54.5%.
ALLE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allegion plc reported an operating income of 195.30M and revenue of 1.03B, resulting in an operating margin of 18.9%.
NDSN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported an operating income of 197.20M and revenue of 740.85M, resulting in an operating margin of 26.6%.
ALLE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allegion plc reported a net income of 138.10M and revenue of 1.03B, resulting in a net margin of 13.4%.
NDSN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported a net income of 117.32M and revenue of 740.85M, resulting in a net margin of 15.8%.
Frequently Asked Questions
ALLE and NDSN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDSN has higher volatility (8.59%) compared to ALLE (7.88%). In terms of maximum drawdown, ALLE dropped -43.25% vs NDSN's -73.62%.
NDSN currently has the higher Sharpe Ratio (1.61 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.
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