AME vs. TT
AME (AMETEK, Inc.) and TT (Trane Technologies plc) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, AME returned 18.72%/yr vs 23.16%/yr for TT. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
AME vs. TT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AME having a 18.09% return and TT slightly lower at 17.44%. Over the past 10 years, AME has underperformed TT with an annualized return of 18.72%, while TT has yielded a comparatively higher 23.16% annualized return.
AME
- 1D
- 0.71%
- 1M
- 3.02%
- 6M
- 8.25%
- YTD
- 18.09%
- 1Y
- 33.38%
- 3Y*
- 15.62%
- 5Y*
- 12.42%
- 10Y*
- 18.72%
- ALL TIME*
- 13.83%
TT
- 1D
- 3.33%
- 1M
- -4.85%
- 6M
- 8.68%
- YTD
- 17.44%
- 1Y
- 4.54%
- 3Y*
- 33.11%
- 5Y*
- 18.95%
- 10Y*
- 23.16%
- ALL TIME*
- 15.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AME AMETEK, Inc. | $272.83M | $242.09M | $274.13M |
| $661.27M | $596.12M | $648.95M |
AME vs. TT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 18.09% | 14.66% | 10.01% | 18.81% | -4.33% | 22.32% | 22.19% | 48.27% | -5.89% | 49.98% |
TT Trane Technologies plc | 17.44% | 6.38% | 52.97% | 47.39% | -15.34% | 41.02% | 11.26% | 48.32% | 4.41% | 21.27% |
Correlation
The correlation between AME and TT is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.42 |
Over the past year, AME and TT have become more correlated (0.65) than their long-term average of 0.42, meaning their price movements have been converging.
Fundamentals
AME:
$55.40B
TT:
$100.57B
AME:
$6.62
TT:
$13.19
AME:
36.49
TT:
34.49
AME:
3.41
TT:
1.58
AME:
7.34
TT:
4.58
AME:
4.64
TT:
11.74
AME:
$7.60B
TT:
$22.21B
AME:
$2.06B
TT:
$7.86B
AME:
$2.15B
TT:
$4.23B
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Return for Risk
AME vs. TT — Risk / Return Rank
AME
TT
AME vs. TT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) and Trane Technologies plc (TT). 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.
| AME | TT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.05 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.30 | +2.03 |
| Martin ratioReturn relative to average drawdown | 7.36 | 0.66 | +6.69 |
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Drawdowns
AME vs. TT - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, smaller than the maximum TT drawdown of -77.91%. Use the drawdown chart below to compare losses from any high point for AME and TT.
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Drawdown Indicators
| AME | TT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -77.91% | +24.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -15.90% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -24.44% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -39.76% | +12.70% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -51.13% | +8.41% |
Current DrawdownCurrent decline from peak | -0.58% | -9.64% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -14.80% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 7.30% | -2.99% |
Volatility
AME vs. TT - Volatility Comparison
The current volatility for AMETEK, Inc. (AME) is 5.51%, while Trane Technologies plc (TT) has a volatility of 8.26%. This indicates that AME experiences smaller price fluctuations and is considered to be less risky than TT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AME | TT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 8.26% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.50% | 22.52% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 28.20% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 27.67% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.43% | 28.40% | -3.97% |
Dividends
AME vs. TT - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.54%, less than TT's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.54% | 0.60% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% |
TT Trane Technologies plc | 0.87% | 0.97% | 0.91% | 1.23% | 1.59% | 1.17% | 1.46% | 1.59% | 2.15% | 1.91% | 1.81% | 2.10% |
Financials
AME vs. TT - Financials Comparison
This section allows you to compare key financial metrics between AMETEK, Inc. and Trane Technologies plc. 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
AME vs. TT - Profitability Comparison
AME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AMETEK, Inc. reported a gross profit of 0.00 and revenue of 1.93B. Therefore, the gross margin over that period was 0.0%.
TT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Trane Technologies plc reported a gross profit of 2.26B and revenue of 6.35B. Therefore, the gross margin over that period was 35.6%.
AME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AMETEK, Inc. reported an operating income of 514.94M and revenue of 1.93B, resulting in an operating margin of 26.7%.
TT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Trane Technologies plc reported an operating income of 1.22B and revenue of 6.35B, resulting in an operating margin of 19.3%.
AME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AMETEK, Inc. reported a net income of 399.36M and revenue of 1.93B, resulting in a net margin of 20.7%.
TT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Trane Technologies plc reported a net income of 925.70M and revenue of 6.35B, resulting in a net margin of 14.6%.
Frequently Asked Questions
AME and TT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TT has higher volatility (8.26%) compared to AME (5.51%). In terms of maximum drawdown, AME dropped -53.31% vs TT's -77.91%.
AME currently has the higher Sharpe Ratio (1.41 vs 0.17), 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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