AME vs. WTS
AME (AMETEK, Inc.) and WTS (Watts Water Technologies, Inc.) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, AME returned 17.46%/yr vs 19.63%/yr for WTS. At a 0.38 correlation, their price movements are largely independent.
Performance
AME vs. WTS - Performance Comparison
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Returns By Period
In the year-to-date period, AME achieves a 10.23% return, which is significantly lower than WTS's 14.71% return. Over the past 10 years, AME has underperformed WTS with an annualized return of 17.46%, while WTS has yielded a comparatively higher 19.63% annualized return.
AME
- 1D
- -0.26%
- 1M
- -2.78%
- YTD
- 10.23%
- 6M
- 13.57%
- 1Y
- 27.52%
- 3Y*
- 15.24%
- 5Y*
- 11.46%
- 10Y*
- 17.46%
WTS
- 1D
- 0.41%
- 1M
- 6.48%
- YTD
- 14.71%
- 6M
- 16.79%
- 1Y
- 29.91%
- 3Y*
- 22.89%
- 5Y*
- 18.24%
- 10Y*
- 19.63%
AME vs. WTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 10.23% | 14.66% | 10.01% | 18.81% | -4.33% | 22.32% | 22.19% | 48.27% | -5.89% | 49.98% |
WTS Watts Water Technologies, Inc. | 14.71% | 36.85% | -1.62% | 43.57% | -24.08% | 60.63% | 23.14% | 56.20% | -14.13% | 17.84% |
Correlation
The correlation between AME and WTS is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 1986 | 0.38 |
The correlation between AME and WTS shifts across timeframes, from 0.38 (all time) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AME:
$51.93B
WTS:
$10.57B
AME:
$6.62
WTS:
$10.95
AME:
34.14
WTS:
28.82
AME:
3.19
WTS:
1.35
AME:
6.86
WTS:
4.13
AME:
4.33
WTS:
5.04
AME:
$7.60B
WTS:
$2.56B
AME:
$2.06B
WTS:
$1.26B
AME:
$2.15B
WTS:
$556.30M
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Return for Risk
AME vs. WTS — Risk / Return Rank
AME
WTS
AME vs. WTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) and Watts Water Technologies, Inc. (WTS). 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.
| AME | WTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.94 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.57 | 5.04 | +1.54 |
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
| AME | WTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.34 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.66 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.70 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.34 | +0.14 |
Drawdowns
AME vs. WTS - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, smaller than the maximum WTS drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for AME and WTS.
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Drawdown Indicators
| AME | WTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -63.68% | +10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -15.45% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -19.54% | -3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -44.08% | +17.02% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -44.08% | +1.36% |
Current DrawdownCurrent decline from peak | -6.39% | -5.81% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -16.20% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 5.95% | -1.75% |
Volatility
AME vs. WTS - Volatility Comparison
AMETEK, Inc. (AME) and Watts Water Technologies, Inc. (WTS) have volatilities of 5.10% and 5.17%, 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
| AME | WTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 5.17% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 16.23% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 22.52% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 27.76% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 28.22% | -3.80% |
Dividends
AME vs. WTS - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.56%, less than WTS's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.56% | 0.60% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% |
WTS Watts Water Technologies, Inc. | 0.69% | 0.72% | 0.81% | 0.66% | 0.79% | 0.52% | 0.76% | 0.90% | 1.27% | 0.99% | 1.09% | 1.33% |
Financials
AME vs. WTS - Financials Comparison
This section allows you to compare key financial metrics between AMETEK, Inc. and Watts Water Technologies, Inc.. 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. WTS - Profitability Comparison
AME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
WTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a gross profit of 326.10M and revenue of 677.30M. Therefore, the gross margin over that period was 48.2%.
AME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported an operating income of 514.94M and revenue of 1.93B, resulting in an operating margin of 26.7%.
WTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported an operating income of 133.00M and revenue of 677.30M, resulting in an operating margin of 19.6%.
AME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AMETEK, Inc. reported a net income of 399.36M and revenue of 1.93B, resulting in a net margin of 20.7%.
WTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a net income of 99.60M and revenue of 677.30M, resulting in a net margin of 14.7%.
Frequently Asked Questions
AME and WTS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTS has higher volatility (5.17%) compared to AME (5.10%). In terms of maximum drawdown, AME dropped -53.31% vs WTS's -63.68%.
WTS currently has the higher Sharpe Ratio (1.34 vs 1.27), 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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