AP vs. ETN
AP (Ampco-Pittsburgh Corporation) and ETN (Eaton Corporation plc) are both stocks. Both are in the Industrials sector — AP in Metal Fabrication, ETN in Specialty Industrial Machinery. Over the past 10 years, AP returned -0.81%/yr vs 25.22%/yr for ETN. At a 0.23 correlation, their price movements are largely independent.
Performance
AP vs. ETN - Performance Comparison
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Returns By Period
In the year-to-date period, AP achieves a 99.62% return, which is significantly higher than ETN's 37.62% return. Over the past 10 years, AP has underperformed ETN with an annualized return of -0.81%, while ETN has yielded a comparatively higher 25.22% annualized return.
AP
- 1D
- -1.48%
- 1M
- 4.72%
- YTD
- 99.62%
- 6M
- 165.34%
- 1Y
- 255.85%
- 3Y*
- 53.88%
- 5Y*
- 11.51%
- 10Y*
- -0.81%
ETN
- 1D
- 3.32%
- 1M
- 11.35%
- YTD
- 37.62%
- 6M
- 36.82%
- 1Y
- 33.08%
- 3Y*
- 32.57%
- 5Y*
- 26.72%
- 10Y*
- 25.22%
AP vs. ETN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AP Ampco-Pittsburgh Corporation | 99.62% | 155.02% | -23.44% | 8.76% | -49.80% | -8.76% | 82.06% | -2.90% | -75.00% | -25.10% |
ETN Eaton Corporation plc | 37.62% | -2.79% | 39.51% | 56.22% | -7.18% | 46.70% | 29.88% | 42.76% | -10.04% | 21.54% |
Correlation
The correlation between AP and ETN is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984 | 0.23 |
Fundamentals
AP:
$215.32M
ETN:
$169.61B
AP:
-$3.37
ETN:
$10.22
AP:
0.50
ETN:
5.96
AP:
6.87
ETN:
8.58
AP:
$433.03M
ETN:
$28.52B
AP:
$53.11M
ETN:
$7.87B
AP:
$20.56M
ETN:
$4.75B
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Return for Risk
AP vs. ETN — Risk / Return Rank
AP
ETN
AP vs. ETN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ampco-Pittsburgh Corporation (AP) and Eaton Corporation plc (ETN). 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.
| AP | ETN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 1.74 | +3.34 |
| Martin ratioReturn relative to average drawdown | 11.46 | 3.74 | +7.73 |
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Drawdowns
AP vs. ETN - Drawdown Comparison
The maximum AP drawdown since its inception was -98.06%, which is greater than ETN's maximum drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for AP and ETN.
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Drawdown Indicators
| AP | ETN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.06% | -68.95% | -29.11% |
Max Drawdown (1Y)Largest decline over 1 year | -50.80% | -19.14% | -31.66% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -34.46% | -46.50% |
Max Drawdown (5Y)Largest decline over 5 years | -88.58% | -34.46% | -54.12% |
Max Drawdown (10Y)Largest decline over 10 years | -95.90% | -44.55% | -51.35% |
Current DrawdownCurrent decline from peak | -72.46% | 0.00% | -72.46% |
Average DrawdownAverage peak-to-trough decline | -52.24% | -14.89% | -37.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.43% | 8.88% | +13.55% |
Volatility
AP vs. ETN - Volatility Comparison
Ampco-Pittsburgh Corporation (AP) has a higher volatility of 24.08% compared to Eaton Corporation plc (ETN) at 13.19%. This indicates that AP's price experiences larger fluctuations and is considered to be riskier than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AP | ETN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.08% | 13.19% | +10.89% |
Volatility (6M)Calculated over the trailing 6-month period | 68.36% | 26.35% | +42.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.12% | 33.55% | +52.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.88% | 30.30% | +44.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.90% | 30.16% | +42.74% |
Dividends
AP vs. ETN - Dividend Comparison
AP has not paid dividends to shareholders, while ETN's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AP Ampco-Pittsburgh Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.45% | 2.69% | 7.02% |
ETN Eaton Corporation plc | 0.98% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
Financials
AP vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between Ampco-Pittsburgh Corporation and Eaton Corporation 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
AP vs. ETN - Profitability Comparison
AP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ampco-Pittsburgh Corporation reported a gross profit of 0.00 and revenue of 103.13M. Therefore, the gross margin over that period was 0.0%.
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a gross profit of 0.00 and revenue of 7.45B. Therefore, the gross margin over that period was 0.0%.
AP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ampco-Pittsburgh Corporation reported an operating income of 2.56M and revenue of 103.13M, resulting in an operating margin of 2.5%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported an operating income of 0.00 and revenue of 7.45B, resulting in an operating margin of 0.0%.
AP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ampco-Pittsburgh Corporation reported a net income of -867.00K and revenue of 103.13M, resulting in a net margin of -0.8%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a net income of 866.00M and revenue of 7.45B, resulting in a net margin of 11.6%.
Frequently Asked Questions
AP and ETN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AP has higher volatility (24.08%) compared to ETN (13.19%). In terms of maximum drawdown, AP dropped -98.06% vs ETN's -68.95%.
AP currently has the higher Sharpe Ratio (3.00 vs 0.99), 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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