APD vs. ATO
APD (Air Products and Chemicals, Inc.) and ATO (Atmos Energy Corporation) are both stocks. APD operates in Chemicals (Basic Materials), while ATO operates in Utilities - Regulated Gas (Utilities). Over the past 10 years, APD returned 9.60%/yr vs 10.94%/yr for ATO. At a 0.25 correlation, their price movements are largely independent.
Performance
APD vs. ATO - Performance Comparison
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Returns By Period
In the year-to-date period, APD achieves a 15.56% return, which is significantly higher than ATO's 2.53% return. Over the past 10 years, APD has underperformed ATO with an annualized return of 9.60%, while ATO has yielded a comparatively higher 10.94% annualized return.
APD
- 1D
- 1.26%
- 1M
- -8.03%
- YTD
- 15.56%
- 6M
- 17.47%
- 1Y
- 2.08%
- 3Y*
- 2.22%
- 5Y*
- 1.21%
- 10Y*
- 9.60%
ATO
- 1D
- 1.03%
- 1M
- -5.02%
- YTD
- 2.53%
- 6M
- 2.08%
- 1Y
- 12.47%
- 3Y*
- 15.86%
- 5Y*
- 13.58%
- 10Y*
- 10.94%
APD vs. ATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 15.56% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
ATO Atmos Energy Corporation | 2.53% | 23.07% | 23.35% | 6.17% | 9.63% | 12.75% | -12.73% | 23.14% | 10.39% | 18.41% |
Correlation
The correlation between APD and ATO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.25 |
Fundamentals
APD:
$62.77B
ATO:
$28.52B
APD:
$9.45
ATO:
$8.23
APD:
29.79
ATO:
20.66
APD:
1.39
ATO:
2.03
APD:
5.04
ATO:
5.70
APD:
4.01
ATO:
0.99
APD:
$12.46B
ATO:
$4.88B
APD:
$3.99B
ATO:
$1.61B
APD:
$4.36B
ATO:
$2.57B
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Return for Risk
APD vs. ATO — Risk / Return Rank
APD
ATO
APD vs. ATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) and Atmos Energy Corporation (ATO). 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.
| APD | ATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.00 | -0.90 |
| Martin ratioReturn relative to average drawdown | 0.23 | 2.99 | -2.76 |
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Drawdowns
APD vs. ATO - Drawdown Comparison
The maximum APD drawdown since its inception was -60.30%, which is greater than ATO's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for APD and ATO.
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Drawdown Indicators
| APD | ATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.30% | -51.94% | -8.36% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -12.58% | -9.81% |
Max Drawdown (3Y)Largest decline over 3 years | -30.43% | -16.87% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -19.08% | -12.69% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -32.91% | +1.14% |
Current DrawdownCurrent decline from peak | -13.94% | -11.11% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -8.56% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.96% | 4.18% | +4.78% |
Volatility
APD vs. ATO - Volatility Comparison
Air Products and Chemicals, Inc. (APD) and Atmos Energy Corporation (ATO) have volatilities of 5.42% and 5.26%, 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
| APD | ATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.26% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 11.25% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 15.54% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.03% | 18.59% | +7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.91% | 21.24% | +4.67% |
Dividends
APD vs. ATO - Dividend Comparison
APD's dividend yield for the trailing twelve months is around 2.55%, more than ATO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.55% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
ATO Atmos Energy Corporation | 2.28% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% |
Financials
APD vs. ATO - Financials Comparison
This section allows you to compare key financial metrics between Air Products and Chemicals, Inc. and Atmos Energy 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
APD vs. ATO - Profitability Comparison
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.
ATO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a gross profit of 0.00 and revenue of 1.96B. Therefore, the gross margin over that period was 0.0%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.
ATO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported an operating income of 764.80M and revenue of 1.96B, resulting in an operating margin of 39.0%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.
ATO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a net income of 581.90M and revenue of 1.96B, resulting in a net margin of 29.7%.
Frequently Asked Questions
APD and ATO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APD has higher volatility (5.42%) compared to ATO (5.26%). In terms of maximum drawdown, APD dropped -60.30% vs ATO's -51.94%.
ATO currently has the higher Sharpe Ratio (0.81 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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